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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
Gold loan is an easy option to fund all your personal and business requirements. Funds from a loan against jewellery 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

At Shriram City we value relationships with our customers, for seamless and hassle free experience we provide following features and benefits

  • flexible repayment options

    We offer simple interest rates, starting from 11.5%* and a flexible repayment schedule.

  • maximum valuation

    You can avail the maximum loan amount of up to 75%* of your gold value

  • hassle free processing

    It involves simple documentation with quick loan processing.

  • quick loan disbursal

    The loan is disbursed within a few mins of approval.

  • No credit history check required

    There is no requirement of credit history or income proof from the individual.

  • 100% safe,secure and insured

    It offers guaranteed safe custody of your gold, and we also provide insurance cover for your pledged gold.

  • Insurance cover for 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.

  • Easy loan renewal facility available

    Yes! We also offer Gold loan renewal facility.

  • Convinient EMI options

    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:

Minimum age criteria

The minimum age criteria is 18 years

Maximum age criteria

The maximum age criteria is 60 years
(At the time of the loan’s maturity)

Customer Segments for Loans

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
Documents required for loan approval
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
  • Customised Interest Rates

Starting from 11.5%*

  • Processing Fees
  • Processing Fees

Starting from 0.1%*

  • Loan Tenure
  • Loan Tenure

From 12 Months to 36 Months

  • Foreclosure charges
  • Foreclosure charges

No foreclosing charges

  • Eligibility criteria
  • Eligibility criteria

Income proof is not required

  • Loan amount
  • Loan Amount

₹ 10,000 – ₹ 20 Lakhs

  • Instalments
  • Instalments

Flexible Monthly

  • Gold valuation
  • 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.

Gold Loan Calculator

Loan Amount
Interest Rate
Loan Tenure (Months)

Loan EMI


Total Interest Payable


Total Payment (Principal + Interest)

Apply Now

The EMI for a loan agreement is always computed based on the number of days to the due date. In contrast, EMI calculation on the online calculator provided here is the monthly calculation.

Frequently Asked Question About Gold Loan

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.

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.

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.

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.

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

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

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

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.

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

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.

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

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.

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

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