5 Key features and benefits of taking a Gold Loan

How gold loans can help you get quick funds

If you need urgent cash, a gold loan can be a smart option. These are secured loans offered by banks and NBFCs, where the value of your gold determines the loan amount. Gold loans provide fast access to money without selling your gold.

Keep reading to learn more about the features, benefits, and simple application process for gold loans, so you can make informed financial decisions when you need funds quickly

Make the most of your idle assets

Instead of letting your gold jewellery sit idle in a locker without any benefits, consider taking a gold loan. By utilising this idle asset, you can secure a high loan amount of up to Rs. 2 crore.

When you apply for a gold loan, the value of your jewellery is determined based on the current market gold rates, not the purchase price.Since gold is an appreciating asset, the loan amount offered to you is typically higher than the original cost of the gold jewellery.

Access quick funds

Acquiring a gold loan from Bajaj Finserv is a hassle-free process, making it an excellent choice when you require funds quickly and wish to avoid the higher interest rates associated with unsecured loans.

To benefit from a gold loan, simply fill out an online application form. We will then reach out to schedule an appointment at our nearest gold loan branch. During this appointment, you will have your jewellery evaluated, and the process only takes a few minutes.

Once the loan offer is prepared based on your jewellery's value, the funds are quickly disbursed to your bank account. Also, there is no need to maintain a high credit score or provide proof of income for this loan, streamlining the paperwork process and ensuring a quick experience. 

Multiple repayment options

Bajaj Finserv Gold Loan provides you with various repayment choices, ensuring that the loan fits your budget. You have the option to repay your gold loan interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis. You will need to pay the principal amount or any outstanding interest at the time of loan maturity. This allows you to tailor your repayment strategy to suit your specific financial circumstances. 

Quick disbursal of funds

Securing a loan against your gold jewellery is a fast and easy process.Since the loan is backed by tangible gold, the approval is easier, requiring minimal document verification and a shorter processing time. You can receive the funds in one day*, ensuring you get the money you need without delay. 

Minimal paperwork

Meeting the eligibility of Bajaj Finserv Gold Loan is easy. You are required to provide essential KYC documents, such as your Aadhaar Card, Voter ID card, passport, or driver’s licence.

To apply for a gold loan today, simply visit the Bajaj Finserv website or download the app. 

Pro tip: Discover your borrowing potential by checking your gold loan eligibility. It takes just a few clicks and no waiting.