Get highest per gram rate with Shriram Gold Loan
Interest Rates Now Starting Only at 10%*
Quick Loan Disbursal
Flexible Repayment options
No Credit Check Required
Todays Max lending rate:
How to Apply for Gold Loan Online
Shriram Gold Loan provides a seamless and secure way to unlock the value of your gold assets. With attractive interest rates starting from 10%* p.a., loan amounts up to 75%* of your gold’s value, it’s an ideal choice for individuals and businesses needing quick financial assistance. The application process is swift, requiring no income proof, and ensures the utmost security for your gold. Apply for gold loan with Shriram Finance to enjoy benefits like fast processing and flexible repayment options. Discover how to apply for a gold loan online in India and understand the key factors to consider before applying.
Step-by-Step Guide to Apply for a Gold Loan Online
You can visit our website or the Shriram One app to apply for Shriram Gold Loan. Here’s how to apply for a gold loan online:
Step 01
Register using your mobile numberStep 02
Receive a verification call from usStep 03
Visit our branch with your gold assetStep 04
Complete verification and receive loan amount
Steps to Avail an Offline Gold Loan
Applying for a Shriram Gold Loan offline is a simple process which involves visiting our physical branch, allowing for a face-to-face interaction if you do not want to apply for gold loan online in India. Here are the steps to apply for gold loan offline:
Offline Gold Loan Application Process
Step 1
Visit the nearest Shriram Finance branchStep 2
Fill out the application formStep 3
Submit your gold asset for valuationStep 4
Complete the verification process
Once approved, the loan amount will be disbursed to you.
Things to Consider Before Applying for a Gold Loan
Before you apply for a loan against gold, it’s essential to consider the following factors:
Interest Rates
Compare the interest rates offered by different financial institutions to ensure you get the best deal. Shriram Finance offers competitive rates starting from 10%* p.a., but it’s always good to be informed about other options available in the market.
Loan-to-Value Ratio
Understand the maximum loan amount you can get when you apply for a loan against your gold in India. Shriram Finance offers loans up to 75%* of your gold’s value, providing substantial funding against your gold assets.
Repayment Terms
Check the repayment schedule and options available to ensure they suit your financial situation. Flexible repayment terms can help manage your finances better and avoid any defaults. At Shriram Finance, you can pay back your gold loan anytime, subject to a minimum loan duration of 7 days.
Processing Fees
Understand other charges applicable to a gold loan, such as processing fees, when applying for a gold loan in India. Understanding all costs involved helps in better financial planning and avoiding any surprises later.
Eligibility Criteria
Review the eligibility criteria to ensure you meet all the requirements before applying. This can include age, type of gold, and minimum loan amount, ensuring a smooth application process.
By considering these factors, you can make the most of the Shriram Gold Loan and address your financial needs effectively.
What Documents Are Required for a Gold Loan Application?
To apply for gold loan with Shriram Finance, you will need the following documents:
Identity Proof
- Aadhaar Card (Mandatory)
- Voter ID
- PAN (Mandatory)
- Driving Licence
- Passport
Address Proof (Any One Mandatory)
- Utility bills like water bill, gas bill, etc.
- Aadhaar Card
- Passport
- Driving Licence
- Voter ID
By preparing these documents in advance, you can ensure a smoother and quicker application process. This list ensures you have all the necessary documentation to increase the chances to get instant gold loan approval.
Gold Loan Application FAQs
Who can avail a gold loan?
To apply gold loan, individuals should be aged between 18 to 75* (*at the time of loan maturity) and must own gold assets to use as collateral. This includes salaried employees, self-employed individuals, business owners, and other individuals.
How to make an online gold loan repayment?
You can easily pay your Shriram Gold Loan repayment online through our official website or the Shriram One app.
How do I get quick approval on my gold loan application?
To secure quick approval for your gold loan, ensure all required documents are in order and the gold assets are accurately valued.
How much can I borrow with a gold loan?
The loan amount depends on the value of the gold assets you pledge and the loan amount. Shriram Finance offers gold loan up to 75%* of the gold's value.
Can I take two gold loans?
You can use your gold jewellery or coins to get a gold loan as many times as you would like. However, you need to pledge different gold ornaments or assets for each loan. You cannot pledge the same gold for multiple loans at the same time.
Why should I avail myself of a gold loan from Shriram Finance?
Shriram Finance offers competitive interest rates starting at 10%* p.a., flexible repayment options and a streamlined application process. You can repay your gold loan with a minimum loan duration of 7 days. Also, you get to pay the interest only for the period the gold loan is active.
Who is not eligible for a gold loan?
Individuals who do not meet the eligibility criteria may not qualify for a gold loan.
Does a gold loan affect credit score?
No, a gold loan does not impact your credit score.
Can a housewife apply for a gold loan?
Yes, housewives can apply for a gold loan from Shriram Finance if they meet the eligibility criteria and possess gold assets.
How does a gold loan work?
Shriram Gold Loan involves pledging your gold assets as collateral to obtain a loan. The gold appraisers assess the gold's value and disburse the loan amount.
Can I repay the gold loan early?
Yes, you can repay a gold loan early. However, you have to bear the interest for a minimum of 7 days if you foreclose the loan.
Is gold loan instant?
Yes, gold loans are instant compared to unsecured loans. The funds can be accessed within a few hours of approval. Apply instant gold loan online through our website or Shriram One app.
How is the gold’s value assessed?
The gold's value is assessed by experienced assayers, who consider factors like purity and weight. The loan-to-value (LTV) ratio determines the loan amount.
What is the loan tenure for a gold loan?
The loan tenure for a gold loan from Shriram Finance ranges from 1 to 12 months.
Can NRI get a gold loan in India?
Currently, Shriram Finance does not offer gold loans to NRIs.
What are the chances of facing rejection for a gold loan?
Rejection for a gold loan can occur if you do not meet the eligibility criteria, discrepancy in the gold to be pledged or upon incomplete documentation.
Who can apply for a gold loan?
A wide range of individuals can apply for a gold loan with Shriram Finance. Eligible applicants include:
- Salaried Individuals: Employees with a regular income.
- Self-Employed Professionals: Those who run their own businesses or practices.
- Business Owners: Entrepreneurs and proprietors of businesses.
- Other Individuals: This includes housewives, farmers, and anyone else who meets the age and gold ownership criteria.
No income proof is required for gold loans, making them accessible to individuals without a regular income source.
Why Shriram Finance Is The Best Financial Partner For Your Gold Loan Requirement
45+Years of Trust
90 Lakhs+Satisfied Customer
3500+Branches Nationwide
25,000Committed Employees
Low Processing Charges & Quick Loan Disbursals on Gold Loan
