Shriram Union Gold Loan is a scheme offered by Shriram Finance Ltd., a non-banking financial company (NBFC) in India. It allows you to borrow money by pledging your gold ornaments as collateral.

Here’s an overview of Shriram Union Gold Loan:


  • Loan amount: You can get a loan of up to 75% of the market value of your gold ornaments.
  • Interest rates: The interest rates start from 11.4% p.a. (as of January 2024), and may vary depending on the loan amount, tenure, and other factors.
  • Loan tenure: You can choose a loan tenure ranging from 1 month to 12 months.
  • Transparency: Shriram Finance claims to offer transparent fees and charges.
  • Multiple repayment options: You can choose to repay the loan in monthly installments or in a lump sum at the end of the tenure. You can also opt to pay only the interest and renew the loan at the end of the tenure.
  • Quick loan disbursal: Shriram Finance claims to disburse loans within minutes, subject to completion of all formalities.
  • Safe and secure: Your gold ornaments are kept in insured vaults with 24/7 security.

Benefits of Shriram Union Gold Loan:

  • Quick access to funds: You can get a loan quickly by pledging your gold ornaments.
  • No income proof required: You do not need to provide any income proof to avail of this loan.
  • Flexible repayment options: You can choose a repayment option that suits your needs.
  • Safe and secure: Your gold ornaments are kept safe in insured vaults.

Here are some things to keep in mind before applying for a Shriram Union Gold Loan:

  • The interest rates on gold loans are generally higher than those on other types of loans.
  • You may lose your gold ornaments if you are unable to repay the loan.
  • Make sure you understand all the terms and conditions of the loan before applying.

Here are some resources that you may find helpful: