In India, gold holds immense value both culturally and economically. Beyond its cultural significance, gold serves as a tangible asset, an investment avenue, and a source of financial security for you.
You can avail of a loan against your 18 karat gold jewellery to meet your planned and unplanned expenses. Whether it is for higher education, business expansion, or medical emergencies, gold loan is a reliable source of instant funds. Since the loan is secured against physical gold jewellery, it becomes a quick and accessible financing option with low interest rates and high loan amount.
With Bajaj Finance, you can get a loan starting from Rs. 5,000 up to Rs. 2 crore with interest rates starting at just 9.50% p.a. With a gold loan, you can access instant funds without compromising on the ownership of your precious jewellery. Once evaluated, your gold jewellery is stored in the safest vaults located in rooms with top-notch security and constant surveillance. You can count on accuracy and transparency throughout the appraisal of your gold jewellery. We use top-tier karat metres to ensure that you receive the optimum loan value.
Here is a closer look at the other attractive features that make gold loan a great financing option
Quick loan disbursal
Gold loans are highly preferred for their quick disbursal of funds, making them a great choice during unexpected financial emergencies. By using your gold jewellery as collateral, you can receive funds with swift approval, based on the market value of your gold. As per RBI guidelines, you can get up to 75% of the gold's value. With Bajaj Finance, you can obtain an instant gold loan in as little as 15 minutes*.
Multiple repayment schedules
Bajaj Finance Gold Loan provides convenient repayment options tailored to your financial situation. Select a repayment tenure that suits you best, with the flexibility to pay the interest upfront and settle the principal amount later. You can also choose to pat your interest monthly, bi-monthly, quarterly, half-yearly, or annually and repay the principal at the end of the tenure, all without any prepayment charges.
Attractive interest rates
Due to the secured nature of gold loans, the offered interest rates are typically lower compared to other loans. Bajaj Finance offers gold loan interest rates starting at just 9.50% per annum.
No dependence on credit score
One of the significant advantages of instant gold loans is that they are not dependent on your credit score. Whether you have no credit history or a low credit score, you can easily obtain these loans based on the value of your gold jewellery.
Simple application process
Meeting the eligibility criteria for a gold loan is quite straightforward. As an Indian citizen aged between 21 to 70 years, you can easily apply using your KYC documents. Gold loan documents like Aadhaar Card, passport, driver's licence, along with proof of residency, serve as sufficient documentation to secure the loan. To apply for a gold loan, simply visit a nearby Bajaj Finance branch or take advantage of the convenience of applying online through the Bajaj Finance website.
To apply for a gold loan, follow these easy steps:
- Step 1: Visit the Gold Loan section of the website
- Step 2: Enter your 10-digit mobile number and click on 'GET OTP'
- Step 3: Enter the OTP to verify your details
- Step 4: Select your state and city to find your nearest branch
- Step 5: Enter your full name and date of birth as per your PAN
- Step 6: Schedule an appointment at the nearest branch in your city
Apply now and manage your expenses with an instant gold loan from Bajaj Finance.
