How does the changing gold price affect my loan amount?
Your loan eligibility is linked to the market value of gold. If prices increase, your eligible loan amount may go up; if prices fall, the loan amount will be lower.
What is the loan-to-value (LTV) ratio for gold loans in Chennai?
As per RBI guidelines, the LTV ratio can go up to 75% of the gold’s value.
Can I apply for a gold loan in Chennai online?
Yes, you can apply online and it is a very easy process with minimal documentation.
Are there any hidden charges in gold loans?
No, all charges including processing fees and interest rates are disclosed before approval.
Can NRIs apply for a gold loan in Chennai?
No, only Indian residents are eligible to apply for a gold loan in Chennai.
Gold Loan Calculator
Find out the amount you will receive against your gold jewellery
What is the minimum age to apply for a gold loan in Chennai?
The minimum age to apply for gold loan is eighteen years
Who can apply for a gold loan in Chennai?
Any Indian citizen who is salaried or self-employed and between the age of 18 and 70 can apply for a gold loan. NRIs can also apply for a gold loan in Chennai if they apply along with a co-applicant who is an Indian Citizen between 18 and 70 years of age.
Do I need a guarantor to apply for gold loan in Chennai?
No, you do not need a guarantor to apply for a gold loan in Chennai. The gold deposited acts as the pledge.