Chola - Over 4 decades of helping
Don’t worry, your information is safe with us.
Gold Loan
- Attractive interest rate
- Highest value for your gold
- Quick processing
Please choose one of the following to proceed
- Loan Amount Required
- Gold (in Grams) to Pledge
What is the Loan Amount Required?
What is the amount of gold you want to pledge?
For your loan range pledge 20 Grams of Gold. Would you like to Proceed?
- Yes
- No
Congrats! Based on today's rate, you could get upto 1999999 of Gold Loan. Would you like to proceed?
- Yes
- No
When do you need the Loan?
- Immediately
- Within a Week
- Within a Month
Provide Your Area Pincode
Thank You for your details. Our team will reach out to you soon.
Thanks for showing interest in Chola.
You must be at least years old to apply for a loan.
Thank You for reaching out to Chola. We have recorded your interest. Our team will contact you within an hour
Thanks for showing interest in Chola.
You must be at least years old to apply for a loan.
Please specify the reason
- Need Higher Amount
- Not Required Now
Refer your Friend
- Yes
- No
Reference Details
Thank you for your time. We look forward to the opportunity to serve you better in the future.
Thanks for showing interest in Chola.
You must be at least years old to apply for a loan.
Gold Loan Interest and Charges
Loan Tenure
The minimum repayment term is 1 month and the maximum repayment term is 12 months. The repayment (principal plus interest) must be completed within 365 days.
Interest Rates
The maximum Annual Percentage Rate (APR) is 26.90% per annum (Chola Welfare loan Scheme) for all CIFCL branches, excluding stamp duty (if applicable, as per state laws). T&C apply
Interest Calculation Method:
Interest will be calculated based on the actual number of days for which the loan is outstanding, from the date the loan is disbursed to the date it is fully repaid
The customer will be allowed to close the loan any time during the tenure of the loan. However, if the customer closes the loan within 15 days of disbursement, he/she will be liable to pay at least 15 days of interest.
Charges & Penalties:
Admin fee: Up to 150 or 0.3% of loan amount + GST (whichever is higher)
Sourcing fee: Up to Rs 100 + GST
Legal/Recovery charges: Actuals + GST
Stamping fee: As applicable
Safe custody charges : Rs 5/gram per month (minimum of Rs 5)
Penal charges: 30% per annum in case the customer fails to make the bullet repayment on the due date, from the date of default.
Disclaimer:
Terms & Conditions Apply | Interest charged only for days the amount is used | Minimum 15 days applicable
Illustration
For a loan of ₹1,50,000 for 365 days at an APR of 26.90%, the total amount payable is ₹1,90,354 (including interest and applicable charges).
| Particulars | Amount |
|---|---|
| Loan Amount | 1,50,000 |
| Tenure (days) | 365 |
| Base Interest Rate | 24% |
| Total Interest | 40,236 |
| Total Charges | 118 |
| Stamp Duty (if applicable) | 0 |
| Processing Fees (including tax) | 118 |
| Net Disbursed Amount | 1,50,000 |
| Total Amount to be Remitted by Customer | 1,90,354 |
| Total Amount Payable (Interest + Charges) | 40,354 |
| APR | 26.90% |
Minimum loan limit to avail the Chola Welfare loan Scheme: ₹5000/-
The interest rate of the scheme is 21 % p.a. (Chola Welfare loan Scheme). A concessional effective interest rate of 3% p.a. is applicable if interest due in the loan account is paid every 30 days till the date of maturity.
For more details, please refer to: https://www.cholamandalam.com/products/gold-loan-schemes
Privacy Policy: We value your privacy. Your contact information, including your name, email, phone number, and location details, will never be sold to third parties. We use this information to provide updates about our company, share product information, and reach out regarding your inquiries. If you wish to stop receiving communications, you can opt out at any time by clicking the "unsubscribe" link in our emails or by contacting us at the numbers mentioned below.
47
Years of Excellence
32
States & Union Territories
71,260+
Strong Workforce
1757
Branches
₹2.27 lakh Cr
Assets Under Management
44.7 lakh+
Happy Customers