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What is Gold Loan?
In a world of dynamic needs, we have redefined expectations, transforming challenges into opportunities. With our Gold Loans, designed to align with your aspirations, we aim to make your financial journey not just smooth but a stepping stone towards your success.
We understand that financial needs can arise unexpectedly, and our attractive Gold Loan steps in, as a reliable partner in your journey towards achieving your goals. This is not just a Loan, but a financial solution designed for you and your needs.
Key Features and Benefits of our Gold Loan
Embark on your Gold Loan Journey with us. We assure you that we have just what you want with our wide range of schemes and flexible repayment options, suited to all your needs.
Tailor-Made Schemes for All
Get flexible repayment options tailored to your needs.
Advanced 24/7 Security
Protect your assets with 24/7 AI-powered advanced security systems.
Quick Hassle-Free Process
Experience an effortless Gold Loan journey with minimal paperwork.
Best-in-Class Experience
Get expert guidance and swift transactions at our branches.
Transparent & Secure Process
Experience a transparent journey with low fees and no hidden charges.
Special Schemes for Women
- Bullet schemes for monthly, Bi monthly and Quarterly for 6 months tenure.
- EMI schemes - from 6 months to 48 months & extended upto 60 months for salaried women
Balance transfer facility
Balance transfer facility from (NBFC, Bank, Nidhi ltd, Pawn shops)with no specific charges
Charges on Gold Loans
| Schedule of Charges | Charges (Inclusive of GST) |
|---|---|
| Processing fee for Fresh Loans, Renewals and Top-up Loans | Up to 0.25% of the loan amount (or) top-up loan amount, subject to a minimum value of INR 59/- and a maximum value of INR 1180/- |
| Penal Charges (excluding GST) | 24% p.a. to be charged on overdue principal and overdue interest |
| Foreclosure charges | 1. If the full Loan amount is repaid within 7 days, in addition to the interest for the usance period (actual number of days for which loan was availed), a charge amounting to the extent of the difference between 7 days of Interest and the usance period interest to be paid. 2. EMI Loans: Foreclosure period to be one EMI cycle and foreclosure charges shall be maximum 2% of the amount outstanding. GST applicable on the entire amount. |
Other Charges |
| Bounce Charges | INR 590 |
| Duplicate NDC/NOC charge - physical copy | NA |
For a complete list of charges, please click here
Eligibility Criteria for our Gold Loan
Embarking on your Gold Loan journey with us is a straightforward process. To apply for our Gold Loan, simply ensure that you meet the following eligibility criteria:
18 - 65 years*
Indian
Officially Valid Documents
Documents Required to Apply for a Gold Loan
Once you are eligible, submit the following documents to get one step closer to your smooth financial journey.
How to Apply for our Gold Loan?
Find the nearest branch
Visit your nearest TVS Credit Gold Loan branch to apply and avail your Gold Loan.
Get your Gold verified
Have your Gold, which you want to pledge, verified and share your KYC details.
Select your scheme
Once verified, choose your preferred scheme, and your Loan will be disbursed accordingly.
Branch Details of Gold Loan
| Branch | Address |
|---|---|
| Vadapalani | 47/14 A, Duraiswamy Road, Vadapalani, Chennai, Tamil Nadu – 600026 Get Directions |
| Madipakkam | No.1 B, Medavakkam Main Road, Ullagaram, Chennai, Tamil Nadu – 600091Get Directions |
| Medavakkam | No:11/330, Perumbakkam Main Road, Next to Canara Bank, Opposite to Arun Hospital, Medavakkam, Chennai, Tamil Nadu – 600100Get Directions |
| Iyyapathangal | 8/43A, Mount Poonamallee Road, Ramachandra Nagar, Iyyapanthangal, Tamil Nadu – 600056. |
| Tambaram | 7/16, Govindarajan street, West Tambaram, Tambaram, Chennai, Tamil Nadu – 600045Get Directions |
| Nolambur | A2/3, TNHB, Industrial Estate, Mugapair West, West Bus Stand, Chennai, Tamil Nadu – 600037 |
| Villivakam | 21/A8, Old Door No. 6A/8, Shop No. 3, Block-A Ground Floor, Vasantham Door No. 6, M.T.H Road, Villivakkam, Chennai, Tamil Nadu – 600049 |
| Pammal | 76/1, D.No. 100 , Nallathambi Road, Anna Nagar, Pammal Village, Pammal, Tamil Nadu – 600075 |
| Selaiyur | No. 54, Survey No. 709/5, D.No. 1, Secretariat Colony, Madambakkam Village, Tambaram, Tamil Nadu – 600126 |
| Tiruvottiyur | Ground Floor, Shop No. 91, T.H Road, SSM Complex, Kaladipet, Chennai, Tamil Nadu – 600019 |
| Ambattur | Ground Floor, No.375 Market, M.T.H Road, T.I.CYCLE Road, Pillaiyar Temple, Varadharajapuram, Chennai, Tamil Nadu – 600053 |
| Kolathur | Ground Floor, New No. 15, Vivek Nagar, Kolathur, Chennai, Tamil Nadu – 600099 |
| South Veli Street | No.31, N J Complex, Opp to Sappani Kovil Bus Stop, South Veli Street, Madurai, Tamil Nadu – 625001 |
| Kalavasal | No.42 K, MGM Plaza, Salai Pudur, Thekkadir Road, Madurai, Tamil Nadu – 625018 |
| KTC Nagar | Door No.1/2, 1/3,1/4, Plot No.1, Saisiranji Plaza, TNHB Colony, Phase 3, VM Chatram, KTC Nagar, Palayamkottai, Tirunelveli, Tamil Nadu – 627011 |
| Vannarapettai | No.1/1, A P A Complex, South Bye Pass Road, Vannarapettai, Tirunelveli, Tamil Nadu – 627003 |
| Podanur | Old No.469/B, New No.946/10, No.254, Main Road, Podanur, Coimbatore, Tamil Nadu – 641023 |
| Rathinapuri | 26/27, Sivamani Illam, Thayirittery Road, Near Teacher’s Colony, Rathinapuri, Coimbatore, Tamil Nadu – 641027 |
| Kodungaiyur | No.69, Ground Floor, Ethiraj Salai, Kodungaiyur, Chennai, Tamil Nadu – 600118 |
| Thiruvanmiyur | No.121, Ground Floor, 5th East Street, Kamaraj Nagar, Thiruvanmiyur, Chennai, Tamil Nadu – 600041 |
| Kanchipuram | No.24 B, Ground Floor, Villakadi Koil Street, Opposite to Repco Bank, Kanchipuram, Tamil Nadu – 631501 |
| Thiruvallur | No.118, Ground Floor, Poonamalle High Road, Manavalanagar, Thiruvallur – 602002 |
Visit us at our branch from 9:30 AM to 6:30 PM, Monday through Friday. To view our holiday list, please click here. We look forward to serving you!
Frequently Asked Questions
The loan amount for your gold loan is determined based on the value of your Gold. Our expert assessors will guide you through a transparent process to ensure you receive the maximum loan amount possible.
Gold Valuation Procedure:
The gold jewellery accepted as collateral shall be valued by the designated staff at the branches using the Acid and Saltwater tests, as follows:
- Gold testing to be done at a designated place under CCTV surveillance.
- The appraiser will weigh the jewellery and note down the gross weight.
- The appraiser will assess the jewellery to identify the number of stones and apply deductions as required.
- Based on the total weight of stones and impurities, the appraiser will derive the net weight of the jewellery post standard deductions as per internal TVS Credit approved policy.
- Nitric Acid and Saltwater tests are conducted on the gold impressions of the jewellery formed on the touchstone to assess purity.
- The purity of gold, gross weight, deductions, and the arrived net weight are considered for the Funding Value.
- The purity of the gold jewellery accepted as collateral shall be evaluated by determining its actual purity (caratage) and converting it to the 22-karat equivalent.
- The lower of the following prices shall be adopted for valuation of the collateral (used to determine the Loan-To-Value ratio):
- (a) The average closing price for gold of the 22-karat equivalent purity over the preceding 30 days
- (b) The closing price for gold of the 22-karat equivalent purity on the preceding day
*price as published by the India Bullion and Jewellers Association Ltd. (IBJA) or by a commodity exchange regulated by the Securities and Exchange Board of India (SEBI).
Absolutely! We understand that financial situations differ. So, we offer flexible repayment options, including EMIs, for your gold loan to suit individual preferences and financial capabilities.
If you are unable to repay the gold loan on time, reach out to our dedicated customer support team. We are here to work with you and help you find a suitable solution.
Your peace of mind is our priority. We employ advanced 24*7 monitoring systems to ensure the safety and security of your pledged Gold for your gold loan.
