Chola Gold Loan
Where Gold Empowers New Beginnings.
An Auspicious Start, Backed by Legacy and Care
At Chola, we understand that gold is more than a valuable possession; it carries traditions, memories, security, and holds the potential to unlock new possibilities. That’s why our Chola Gold Loan services are built on trust, speed, and enduring reliability.
With over 47 years of financial expertise, Cholamandalam has been a dependable partner for millions across India. And now, with our growing network of Chola Gold Loan branches, we’re bringing that legacy of trust even closer to you.
Whether you’re planning to start a new business, managing unexpected expenses, or fulfilling personal dreams, Chola Gold Loan is here to support you.
Our Gold loan starts from as low as ₹5,000, making it accessible to everyone. The maximum loan amount is based on the value of up to 1 kg of gold (subject to valuation and scheme eligibility), with quick disbursement, attractive interest rates, minimal documentation, and flexible repayment options.
If you’re searching for the best gold loan near you, visit your nearest Chola Gold Loan branch and experience the assurance of a brand that puts people first.
At Chola, we offer more than just the best gold loans - we provide reassurance when you need it most, a connection that feels like family, and support to help you rise, rebuild, and move forward with dignity.
Because when you place your trust in us, we make it our responsibility to help you move forward with commitment, care, and confidence.
Key Highlights
- Advanced vault systems
- RFID-enabled tracking
- Centralized OTP-based access control
- 24x7 CCTV surveillance
- 10-layer security system at all Chola Gold Loan branches
Features & Benefits
Wide Loan Range
Balance Transfer
Easy Renewal & Part Release
Quick Processing
Convenient Tenure
Gold Safety Assurance
Quick Financial Support
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Methodology Adopted for Determination of Net Weight of Gold
Verification of Ornaments: The ornaments are physically examined to identify the type of ornament and to check for the presence of any non-gold components such as stones, beads, threads, enamel work, or other attachments.
Measurement of Gross Weight: The total weight of the ornament, including all attached components, is measured and recorded as the gross weight.
Assessment of Gold Components: The appraiser estimates the weight of the actual gold content based on visual inspection, prescribed testing methods, professional experience, and standard deduction charts.
Deduction of Non-Gold Weight: The estimated weight of stones, beads, enamel work, threads, and other non-gold components is deducted from the gross weight.
Determination of Net Weight: The net weight is calculated as Gross Weight – Weight of Non-Gold Components. The resulting net weight represents the actual gold content considered for valuation and determination of the eligible loan amount. The eligible loan amount is determined based on the net weight and the purity of the gold.
Methodology Adopted for Determination of the Loan-to-Value (LTV) Ratio
The gold accepted as collateral is valued based on the reference price corresponding to its actual purity (caratage). For this purpose, the lower of (a) the average closing price of gold of the corresponding purity for the preceding 30 days, or (b) the closing price of gold of the corresponding purity on the preceding day, as published by the India Bullion and Jewellers Association Ltd. (IBJA), is used to determine the eligible loan amount.Eligibility Criteria for Chola Gold Loan
Age: 21 to 75 years
Gold Ownership: Applicant must own the gold being deposited and declare whether it was acquired through inheritance, market purchase, or as a gift.
Who Can Apply?
Chola Gold Loans are intended for individual personal consumption and can be availed by:
- Salaried Employees
- Self-Employed Professionals
- Business Owners
- Farmers
- Pensioners
Documents Required for Chola Gold Loan
PAN Card (Mandatory)
Identity Proof (Any one):
- Aadhaar Card
- Passport
- Driving License
- Voter ID
Address Proof (Any one):
- Passport
- Driving License
- Proof of possession of the Aadhaar number
- Voter's Identity Card issued by the Election Commission of India
- Job Card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name and address
Frequently Asked Questions
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What is a gold loan?
A gold loan is a secured loan where you pledge your gold ornaments as collateral to get funds for a specified period. The loan amount is based on the value and purity of the gold pledged.
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What are the benefits of a gold loan?
Gold loans offer benefits like faster processing, higher loan-to-value ratio, lower interest rates, quick disbursal, and easy eligibility.
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Who can avail Gold Loan from us, and what documents are required?
Indian citizens over 21 years can apply for a gold loan by submitting the necessary documents and gold ornaments. Required documents include ID proof (Aadhar, PAN or e-PAN (mandatory), voter ID, passport, or driver's license) and address proof (utility bill with lease agreement, post-paid broadband bill etc.)
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Is a CIBIL score needed for a gold loan?
No, a CIBIL score is not required for a gold loan. Only KYC documents need to be submitted for eligibility.
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Is proof of income required for a gold loan?
No, proof of income is not needed for a gold loan, as it is secured by collateral.
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Can I deposit something other than gold?
We only accept gold ornaments of 22 carats, subject to valuation reports for any loan on gold. Items including gold coins, gold pieces, gold biscuits, gold bars (bullion), diamonds, white gold etc are not accepted for deposit of gold security.
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Does Chola offer different schemes for various income groups?
Chola has varied Gold Loan Schemes for different loan amount requirements and value of the gold to be pledged. As long as the basic eligibility and age requirements are met, anyone with gold as their asset can avail a Chola Gold Loan.
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How long will it take to get my gold loan?
Our gold loan process is quick and easy, with instant disbursal after KYC verification and signing the loan agreement. The entire process can be completed in up to 30 minutes.
