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Why consider a gold loan?
Facing a financial crunch or need funds for an urgent expense? A gold loan lets you unlock the value of gold you already own, giving you quick access to funds without the hassle of unsecured borrowing. It has become one of the most preferred credit options in India, offering a simple way to meet both planned and unplanned expenses.
Here are five compelling reasons why you should consider a gold loan to meet your financial needs
1. Higher loan amounts
A gold loan lets you borrow money by pledging eligible gold jewellery, ornaments, or coins as collateral. Bajaj Finance offers gold loans starting from Rs. 5,000 and going up to Rs. 2 crore, depending on factors such as the weight and purity of your gold and the applicable gold rate on the day of evaluation. The amount you can borrow is also determined by the RBI’s tiered loan-to-value (LTV) limits, which allow you to borrow up to 85% of the eligible gold’s value. This can make a gold loan a useful option if you need funds but are concerned about qualifying for other types of credit due to a less-than-perfect credit score. The maximum LTV eligible for a loan depends on the loan amount and cannot be more than the limits given. To know more, click here.
2. Lower interest rates
Since a gold loan is secured against your gold, it typically comes with lower interest rates than unsecured loans like personal loans or credit cards. With Bajaj Finance, gold loan interest rates start at just 9.50% per annum.
3. Multiple repayment options
A gold loan gives you the freedom to choose how you repay. You can pay only the interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal and any pending interest due at maturity. This flexibility helps you manage your finances without added stress.
Pro tip: Planning to use your gold for quick funds? Check your gold loan eligibility now and see how much you can borrow instantly.
4. Quick and simple processing
Gold loans are known for fast, hassle-free processing with minimal documentation requirements, often letting you access funds in a single branch visit*. You jus have to be an Indian citizen aged between 21 to 80 years, and have 18-22 karat gold jewellery or ornaments to pledge. You can also pledge coins up to 24 karat purity. For documentation, you would just need any one of your basic KYC documents like Aadhaar Card, Voter ID, passport, driving licence, NREGA job card, or an NPR letter.
5. Free insurance of pledged gold
Your pledged gold is kept in secure vaults under 24x7 surveillance, insured against theft, burglary, fire, or misplacement. As per RBI norms, your gold is returned within 7 working days of full repayment, and you can foreclose your loan at no additional cost.
A gold loan offers higher loan amounts, low interest rates, flexible repayment, quick processing, and complete safety for your gold — making it a reliable choice whenever you need funds.
Quick tip: Why let your gold sit idle when it can power your financial goals? Apply for a Bajaj Finance Gold Loan now!
Gold loan eligibility
Getting a Bajaj Finance Gold Loan is simple because the eligibility rules are straightforward. You just need to be an Indian citizen between 21 and 80 years of age and have 18-22 karat gold jewellery or ornaments to pledge. Gold coins up to 24 karat purity are also accepted. As long as you have gold to pledge, you can quickly qualify and get access to funds without stress.
It takes just 2 steps to check your eligibility for a Bajaj Finance Gold Loan. Enter your mobile number now.
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Repayment process
With Bajaj Finance, you can benefit from multiple repayment options. You can choose to repay the loan interest on monthly, bi-monthly, quarterly, half-yearly, or annually. Though it is important to note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity.
How to apply for a gold loan with Bajaj Finance
Applying for a Bajaj Finance Gold Loan with your rose gold jewellery is quick and hassle-free. You can either visit the nearest branch with your gold and valid KYC documents. The team will verify the purity and weight of your gold, calculate your eligible loan amount, and process it on the spot. In most cases, the funds are credited to your account the same day, so you can access money exactly when you need it.
For added convenience, you can also apply online through the Bajaj Finance App or website. This way, whether you prefer visiting a branch or applying from home, getting a loan against your gold is simple, fast, and stress-free.
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
Frequently asked questions
Loan Process
With Bajaj Finance, you can unlock the value of your unused gold through a quick gold loan. You can secure a loan often in just one branch visit*, with minimal documentation and easy application process. Choosing a gold loan is an excellent choice to meet your planned or urgent financial needs.
The interest rate on a gold loan depends on a few things. Mainly, it's linked to the amount of loan compared to the gold's value, known as the loan-to-value ratio. Additionally, factors like market trends and lender policies also influence getting the lowest gold loan interest.
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *