Gold Loan: Get Instant Loan against Gold - Shriram City

GOLD LOAN

Shriram City Gold Loan - Your Gold Now Gets You More Than a Compliment - Funding for Your Financial Needs.

Gold loan is an easy option to fund all your personal and business requirements. Funds from a gold loan can be used to meet any expenses related to the wedding, medical emergencies, education, business expansion or any other similar needs. With the minimum documentation, quick disbursal and lowest interest rates, gold loan is a go-to option for many to meet their different financial requirements.

Gold Loan Features and Benefits

We offer simple interest rates, starting from 11.5%* and a flexible repayment schedule.
You can avail the maximum loan amount of up to 75%* of your gold value
It involves simple documentation with quick loan processing.
The loan is disbursed within a few mins of approval.
There is no requirement of credit history or income proof from the individual.
It offers guaranteed safe custody of your gold, and we also provide insurance cover for your pledged gold.
Your disbursed Gold Loan amount is secured by Life Insurance cover. In the case of the applicant’s death, the outstanding loan is paid off, and the pledged gold will be handed over to your family.
Yes! We also offer Gold loan renewal facility.
Gold Loan is also available with EMI and NON-EMI schemes.

Eligibility Criteria for Gold Loan

One of the many reasons why Shriram City’s gold loan is popular because it offers easy and quick documentation with minimum eligibility criteria as mentioned below:

The minimum age criteria for Shriram City Gold loan is 18 years

The maximum age criteria for Shriram City Gold loan 60 years
(At the time of the loan’s maturity)

Shriram City offers Gold Loan to individuals such as Salaried, Self-Employed, Self-Employed Professionals, Business Owners and other individuals.

Documents Required for Gold Loan

Aadhaar Card is mandatory

Identity Proof
(Any one of the following)

Pan Card
Passport
Driving License
Voter’s ID Card

Address Proof
(Any one of the following)

Passport
Driving License
Gas Bill with Gas book

Other requirements

Recent Passport size colour photographs

Any other document as advised by Shriram City Union Finance

Gold Loan Interest Rates and Charges

Customised Interest Rates

Starting from 11.5%*

Processing Fees

Starting from 0.1%*

Loan Tenure

From 12 Months to 36 Months

Foreclosure charges

No foreclosing charges

Eligibility criteria

Income proof is not required

Loan Amount

₹ 10,000 – ₹ 20 Lakhs

Instalments

Flexible Monthly

Gold valuation

Up to 75% of the pledged Gold

Why Should I take Gold Loan ?

In case of emergency, you can make the most of your idle Gold with Shriram City’s attractive gold loans. You can get a loan on the same day over the counter at a simple interest rate, minimal documentation and transparent charges. It is one of the easiest ways to avail money for all your financial needs. There is no need for any additional collateral as the loan is secured by the gold that you pledge. You can avail up to 75%* loan of pledged gold's value.

The funds from gold loans can be used for weddings, education, business expansion, medical emergencies or any other similar purpose. With minimal documentation and zero hidden charges, our gold loan is a simple funding option to meet all your financial needs. Shriram City offers Gold Loan on Simple Interest with no additional charges or any hidden cost. It comes with EMI and NON-EMI schemes with interest rates starting from 11.5%*. With Shriram City, you also avail benefits such as no additional charges and no extra hidden cost, which makes Shriram City Gold Loan a compelling option to meet your financial needs.

How to Apply for Gold Loan in Shriram City

You can apply for a Shriram City gold loan online, and our executives will get back to you for further processes as soon as possible.

Apply Now

Gold Loan Calculator

Loan Amount

10K

12L

16L

20L

Interest Rate

10%

12%

14%

16%

18%

20%

Loan Tenure (Months)

Loan EMI

49,919

Total Interest Payable

69,80,529

Total Payment (Principal + Interest)

1,19,80,559

Apply Now

Frequently Asked Question About Gold Loan

What is a Gold Loan?

Gold loan (loan against gold) is a form of secured loan, generally sanctioned by financial lending institutions like Shriram City, where they accept Gold Coins or Ornaments from the customer as security (pledge asset). The amount lent to the customer is a certain percentage of the gold's value. Typically, you can get up to 75% of the pledged gold's value as a gold loan. Gold loans are provided for short to medium term, and the entire process is comparatively faster than any other type of loans. In most cases, you get money on the same day of approval. Read some of the best features and benefits of availing a gold loan.

Simple and easy documentation for quick processing.
Your pledged gold will be held securely with additional insurance coverage.
You pay simple interest-rate on gold loans.
Loan disbursed in a matter of a few minutes.
Quick transfer of funds to your bank account.
Loan renewal facility is also made available by Shriram City

Who is eligible to apply for the Shriram City gold loan?

Any individual above 18 years of age who owns gold can apply for the Shriram City gold loan. To avail the gold loan, you just need to apply online Click here and instantly our experienced representative will contact you for assisting you to avail your gold loan.

Will my gold ornaments stay safe and secure with Shriram City?

Pledged gold ornaments of customers are stored safely and securely in a safe room built according to the Government regulations. These rooms are also equipped with electronic surveillance to protect the gold.

Why should I opt for the Shriram City Gold loan?

We offer gold loans at simple interest rates, flexible tenure along with a more suitable repayment schedule. Along with the easy and hassle-free online application process.

What if the Gold is stolen from the branch?

Shriram City insures all pledged gold. This means that in case of a theft, the borrower need not worry about the security of the gold.

What is the tenure and interest rates applicable to Shriram City’s gold loan?

The interest rate starts from 11.5% and you can choose loan tenure starting from 12 months up to 36 months.

What are the documents required for the Shriram City gold loan?

A valid identity proof, address proof, recent passport size photos along with any other documents as requested by Shriram City Union Finance Ltd.

What is loan foreclosure?

A loan foreclosure means repaying the outstanding principal amount in one single payment instead of regular monthly EMIs.

Are there any foreclosure charges with Shriram City Union Finance?

Shriram City does not charge any foreclosing charges to its customers. You can pay the outstanding amount and redeem your Gold from the branch. If you have a Non-EMI based Gold Loan scheme, then you can foreclose your loan by paying just the interest amount up to the date of foreclosure along with the principal amount.

When can one opt for Gold Loan Foreclosure?

Shriram City Gold Loan can be foreclosed any day after loan disbursal by just paying outstanding amount without any foreclosure charges.

How can I know the EMI of my loan?

Your EMI amount will be communicated to you once your loan amount is approved and it will also be mentioned on the loan agreement paper. However, you can also check your estimated EMI by using our online gold loan EMI calculator.

What are the requirements of collaterals or security?

Gold loan is a secured loan product and your pledged gold itself is security. We do not require any additional security for the gold loan.

Can I avail a gold loan if I have a Low Credit Score?

Yes, you can avail a loan at any credit score but subject to your credit assessment and branch credit approval. However, it is advisable to maintain a healthy credit score.

Can I change my EMI Due date?

No, you cannot change your EMI due date once the loan is disbursed.