2 hrs ago
Orange Retail Finance and Shriram Finance Partner on Gold Loans
Orange Retail Finance and Shriram Finance have agreed to work together to lend money to people using gold jewellery as security.
The new programme will be available to customers across Tamil Nadu.
Orange Retail Finance will provide 20 per cent of the funding, while Shriram Finance will provide 80 per cent.
Together, they can lend up to ₹100 crore through this programme.
Customers can repay in one payment within 12 months or through monthly payments over as long as 36 months.
Orange Retail Finance has 58 branches across five southern states.
Shriram Finance says it wants gold loans to make up 5 per cent of its portfolio and plans to add 500 branches offering them.
The companies say their partnership will help reach customers in rural and smaller-town areas.
Orange Retail Finance India and Shriram Finance signed an agreement to jointly offer gold loans across Tamil Nadu.
The lenders will fund loans at a 20:80 participation ratio, respectively.
The programme is capped at ₹100 crore and offers bullet repayments for up to 12 months or EMI repayments for up to 36 months.
Orange Retail Finance has 58 branches across Tamil Nadu, Andhra Pradesh, Karnataka, Telangana and Kerala.
Shriram Finance Executive Vice Chairman Umesh Revankar said the company plans to double gold loans to 5 per cent of its portfolio and add 500 branches offering them.
- Who
- Orange Retail Finance India Private Ltd and Shriram Finance Ltd.
- What
- They signed a co-lending agreement to jointly originate and fund gold loans secured against jewellery.
- Where
- Across Tamil Nadu.
- When
- Published October 5, 2026.
- Why
- The companies say the partnership will expand gold-loan access and reach customers in rural and Tier-3 markets.
Key facts
- Programme cap
- ₹100 crore
- Funding participation
- Orange Retail Finance: 20%; Shriram Finance: 80%
- Security
- Gold jewellery
- Bullet repayment tenure
- Up to 12 months
- EMI repayment tenure
- Up to 36 months
- Orange Retail Finance branches
- 58 across Tamil Nadu, Andhra Pradesh, Karnataka, Telangana and Kerala
- Shriram Finance gold-loan expansion
- Plans to add 500 branches to its gold-loan network; aims for gold loans to reach 5% of its portfolio
Quotes
Murugananda Pandian V
Deputy Managing Director of Shriram Finance Ltd
“Shriram Finance’s scale combined with Orange Retail Finance’s on-ground presence in rural and Tier-3 Tamil Nadu, allows us to extend our gold loan offering to markets for building reach. This is the kind of co-lending partnership we look to build, where we can widen access to credit in underserved geographies.”
thehindubusinessline.com
“We have enjoyed a good working relationship with Shriram Finance, and this agreement builds on that foundation. It gives us the ability to scale our gold loan operations significantly, and we intend to deepen this relationship further in the years ahead”
thehindubusinessline.com
Sources
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