When it comes to getting quick access to funds, one option that many individuals consider is a gold loan. Gold loans offer a way to unlock the value of your gold jewellery and get the money you need for various purposes. One of the key advantages of a gold loan is that you can get a high loan amount per gram of gold, providing you with the maximum value for your jewellery.
The high loan per gram feature of gold loans makes them an attractive option for individuals who own gold jewellery but require immediate funds. It provides a way to leverage the value of your gold and meet financial needs without the need to sell your jewellery. Moreover, gold loans are typically easier to obtain compared to other forms of loans, as they are secured by the collateral provided.
When considering a gold loan, it is important to choose a reputable lender who offers competitive rates and fair valuation of your gold jewellery. Bajaj Finserv, for instance, offers gold loans starting from Rs. 5,000 up to Rs. 2 crore with interest rates starting at 9.50% per annum.
The loan amount per gram of gold is a crucial factor in determining the maximum value you can get from your gold loan. Lenders with competitive rates and flexible policies often offer higher loan amounts per gram, allowing you to secure more funds. Bajaj Finserv offers gold loans with a high loan-to-value (LTV) ratio of up to 75% of the market rate of the pledged gold.
Once the loan amount is determined, you can choose the repayment tenure that suits your financial situation. During the loan tenure, you will pay interest on the loan amount, and at the end of the tenure, you can repay the principal amount to retrieve your gold jewellery.
If you need a loan for planned or unplanned expenses, consider the Bajaj Finserv Gold Loan. As an Indian citizen aged between 21 and 70 years, you can apply with just your KYC documents. Typically, a voter ID card, Aadhaar Card, passport, or driver's licence, along with proof of residence, suffice for securing the loan.
To apply, you have two convenient options. You can visit a nearby Bajaj Finserv branch or easily apply online by visiting the Bajaj Finserv website and following a few simple steps:
1. Go to the Bajaj Finserv Gold Loan page.
2. Open the online application form.
3. Enter your 10-digit mobile number and receive the OTP.
4. Submit the OTP to verify your details.
5. Select your state and city to locate the nearest branch.
6. Enter your full name and date of birth as per your PAN.
7. Set up an appointment at the nearest branch.
After you submit the application, a representative from Bajaj Finserv will contact you to assist with the next steps. With over 800 branches spread across India, Bajaj Finserv ensures swift and easy loan processing, providing a convenient experience for you. To apply for a gold loan today, simply visit the Bajaj Finserv website.
