Gold Loan at Shree Krishna Finance Raipur

Fees and Charges for Gold Loan from Shree Krishna Finance

When you think about applying for a Gold Loan, the most important thing is the interest rates and the other fees involved. Check out this table to know more-

Charges on Gold Loans

Auction Charges ranges from Rs.500 to 1000 based on the loan amount as mentioned below.  

Security charges ranges from Rs.15 to Rs.95 based on the loan amount except in branches of Chhattisgarh, Kerala, Tamilnadu, Pondicherry, Telangana, Andrapradesh and Karnataka as mentioned below; 

Pledge Amount Security Charges
Up to 10000 No Charges
>10000 to 50000 Rs.15
>50000 to 1 Lakh Rs.30
> 1 Lakh to 1.5 Lac Rs.45
> 1.5 Lac to 2 Lac Rs.60
> 2 Lac to 5 Lac Rs.75
Above 5 Lac Rs.95
 
    Loan Amount                              
Particulars                       0-1Lakh 1 – 2 Lakh                    2Lakh & Above
Printing & Stationary 50 100 150
Advertisement Charges 150 150 150
Transportation 50 75 100
Insurance 25 75 75
Charges paid to auctioneer 25 50 50
Postage 50 50 50
Expense incurred for sorting,litting,and other auction related work 150 250 425
Total Auction Charges Rs.500 Rs.750 Rs.1000

     

 Gold Processing Charge
 At the time of Loan Settlement  Rs. 10/- * (Rupees Ten only)
Additional Processing Fee on Repledge 0.007%* of New Pledge Value(GST Extra)

Stamp duty is being collected in Chhattisgarh states as follows;
 

State / Loan Amount Stamp Duty
Chhattisgarh 0.25% of the loan amount plus applicable surcharge
Chhattisgarh : 1 Lakhs to 10 Lakhs 0.10% of the loan amount
Chhattisgarh : Above 10 Lakhs 0.20% of the loan amount

Lowest Gold Loan Interest Rates

 

Mode of calculation

  • Interest rate will be quoted on annualized basis only.

  • Interest amount will be calculated on the daily outstanding balance in the loan account at the contracted rate.

  • Interest will be calculated on the basis of 365 days a year.

  • Compounding, if any, will be provided in specific loan schemes.

  • All loans carry the fixed contracted rate till closure of account.

Risk related rate of interest

  • Since a higher LTV (loan per gram) translates to a higher risk interest rate and LTV will be correlated.

  • Assuming all other factors to be the same a higher LTV loan will attract a correspondingly higher interest rate as compared with a lower LTV loan.

  • The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes / loan products.

Penal / Overdue interest

  • When the loan remains outstanding beyond the ‘normal’ tenure overdue / penal interest will be charged at 3% pa (i.e. contracted rate plus 300 basis points) on the amount due and payable till the account is regularized / closed

How to Apply for a Gold Loan

Applying for a Gold Loan from Shree Krishna Finance in Raipur is a straightforward process. Here are the steps involved:
Step 1: Check Eligibility: 

Visit the Shree Krishna Finance website and provide the necessary details to check your eligibility for the loan. This process usually takes just 2 minutes.

Step 2: Select Loan Tenure: 

Once you are eligible, choose the desired loan amount and select a repayment tenure that suits your needs from the options provided.

Step 3: Upload Documents: 

Upload the required documents as specified by Shree Krishna Finance. 

Step 4: Amount Disbursed: 

After your documents are verified and the loan agreement is signed, Shree Krishna Finance will disburse the loan amount into your bank account. In most cases, you can expect the funds to be credited within 24 hours.

 
 

Equerry Form

Please Fill out the Form Below 

 
Please enable JavaScript in your browser to complete this form.
Name

For More Details Contact With Us

For more details and further inquiries, please don’t hesitate to contact us. Our dedicated team at Shree Krishna Finance is here to assist you and provide the necessary information you need.

 
 
Call Now - +91-6232600308

Frequently Asked Questions.

  • The applicant’s age should be between 21 and 57 years.
  • Income should be credited directly to their bank account.
  • Minimum monthly income requirement is Rs. 13,500 for salaried individuals and Rs. 15,000 for self-employed individuals.
  • CIBIL score should be above 600 or Experian score should be above 650.
 
 
 
 

You can check your eligibility within 2 minutes by visiting the Shree Krishna Finance website and providing the required details.

 
 
 
 

No, Shree Krishna Finance provides unsecured loans, so no collateral or guarantor is required.

 
 
 
 
 
  • The loan amount ranges from Rs. 5,000 to Rs. 5 lakh, depending on your eligibility.
  • You can choose a loan tenure from 12 months to 60 months, based on your eligibility and repayment capacity.
 
 
 
 

Once your documents are verified and you have signed the loan agreement, the loan amount is typically disbursed within 24 hours.

 
 
 
 
Scroll to Top