Gold Loan in Chennai – Apply for Gold Loan in Chennai at Attractive Interest Rate | eJOHRI
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Gold Loan

Gold Loan in Chennai

Chennai is well-known for a lot of things. Historically, the East Indian Company established a mint in Madras which produced coins out of precious metals like silver, copper, and of course gold. The cities relationship with wealth and banking makes it third largest credit and deposit center according to RBI. With a lot of loan providers around the corner, acquiring a gold loan in Chennai online is easier than ever.

Additionally, eJOHRI has partnered up with local NBFCs and banks to make applying for an online gold loan in Chennai seamless and hassle-free.

Major gold loan providers in Chennai

Here are some of eJOHRI’s esteemed gold loan partner institutions:


HDFC offers a range of loans and quick and safe loan disbursements. Additionally, their gold loan interest rates are the best, ranging from 0.83% to 1.25%. If you’re an existing HDFC bank customer, you require no documentation, which lets you apply for gold loan in Chennai online with ease. You will be charged a processing fee of 1% on the loan amount.

Fincare Small Finance Bank

At this bank, you can supplement your income by availing a loan amount anywhere between Rs. 10,000 to 30 lakhs for a loan tenure of 6 months. The gold you hand over to Fincare is well-secured, and you get it back instantly after you repay your loan.

India Gold

With India Gold, you get the luxury of great interest rates ranging from 4.5% to 7.5%, and the highest gold per gram rate possible. They also offer the unique benefit of shifting your existing gold loan to their institution in order to save more money.

Mangal Credit and Fincorp Limited

Mangal Credit are known for offering a wide range of loan amounts ranging from as low as Rs. 3000 to up to Rs. 50 lakhs. You can pay back in loan within 12 months through affordable EMIs.


Another option to apply for gold loan in Chennai online is at IIFL. With their speedy loan approval process, you can apply for an amount between the range of Rs. 10,000 to 5 lakhs.

Muthoot Finance

You can get a loan ranging from Rs. 20000 to up to Rs. 50 lakhs to fund your financial needs.

Eligibility criteria for an online gold loan

If you want to get an online gold loan in Chennai, you’ll have to meet certain eligibility criteria. Here’s a simple list to help you check your eligibility.

  • Age: 18 years and above.
  • Profession: Business owners, entrepreneurs, unemployed, pensioners, homemakers, salaried professionals, etc.
  • Minimum Income: Nil
  • Quality of Gold: 18 KT and above. The minimum weight of gold should be 10 grams.
  • Documentation required: Aadhar card, pan card, driving license, voting card, rent agreement.

How to apply for a gold loan in Chennai online

The process to get this type of loan has been purposefully designed so that you can attain an online gold loan in Chennai within a day. Here’s what you have to in order to get this amount when you’re in this city.

First, fill out the loan application form on the eJOHRI website with basic details like name, contact details, location, and the loan amount you need. A representative from eJOHRI will contact you to help you pick the best loan provider from our comprehensive list of options. Once you decide the bank you want to avail the loan from, a representative from the bank you’ve chosen will reach out to you to get the process started.

Depending on the institution, you may have to visit the bank, or their employees will come to your location to verify and weigh your gold and check your documents. As mentioned above, you will need to keep your ID and address proof documents ready. Once your documents and gold are verified and valued, the amount will be credited to your bank account.

The process of applying for a loan becomes very easy at eJOHRI as we have a dedicated customer support team to guide you through every step. Feel free to clear any doubts you may have with our representatives.

Frequently Asked Questions (FAQs)

Some banks allow you to pay your loan through NEFT transfer, a debit card, or a credit card. You can even pay via the bank’s app or do things the old-fashioned way by visiting the bank’s branch and depositing cash or a dated cheque. Before you apply online, you can ask our customer support team about the payment options for each institution.

The EMI calculation process is very straightforward. You need to enter the gold loan amount, interest rate, and duration, and the calculator will estimate how much you need to pay each month. A high interest rate leads to higher EMIs, while a longer loan duration usually reduces your monthly EMI amount.

Through eJOHRI, you can get quick, hassle-free gold loan. You can also:

  • You can apply for loans in 3 simple steps
  • You can compare interest rates, loan processing fees and repayment tenures offered by different financial institutions to choose a budget-friendly loan against gold.
  • Enjoy quick and easy doorstep valuation and documentation so that you don’t have to run around to get this done
  • You can get your loan processed by paying a very small fee of 0.50% to 1%. Some of our partners also offer waivers on loan processing fees.
  • To make it easy for you to pay back your loan, our partners offer flexible EMIs. You can also pay the loan before its payment tenure without having to pay prepayment charges.