Switch your gold loan to Bajaj Finserv

If you already have an ongoing gold loan with another lender, you can choose the gold loan balance transfer option and switch your loan to us.

With Bajaj Finserv, you can get a gold loan of up to Rs. 2 crore at an attractive rate of interest. And with more than 800 branches across the country, we assure you of prompt service and exceptional features such as the gold part-release facility, flexible tenures, and free insurance.

Apply online or visit your nearest branch with the loan statement from your existing lender. Our team of experts will guide you through the process and ensure a smooth transfer of your loan.

Features and benefits of gold loan balance transfer

All you need to know about our Gold Loan

Watch this video to know everything about our gold loan: Features and benefits, fees and charges, eligibility criteria, documents required, and steps to apply.

  • Part-release facility

    Part-release facility

    You can repay a portion of your loan early and receive some of your gold jewellery back, by using our part release option.

  • No part-prepayment or foreclosure fee

    No part-prepayment or foreclosure fee

    Repay your loan in part or in full, at no extra charge.

  • Transparent evaluation

    Transparent evaluation

    To ensure that you receive the highest possible value for your gold, we use best-in-class carat metres in each of our branches.

  • Free insurance of gold

    Free insurance of gold

    Our free insurance of your gold jewellery covers it against theft or loss while it is in our custody.

  • Convenient repayment options

    Convenient repayment options

    You can choose from multiple repayment options. One option is to pay regular EMIs like any other loan. Alternatively, you can choose to pay just the interest monthly, bi-monthly, quarterly, half-yearly, or annually as per your convenience. The principal must then be repaid at the end of the tenure.

  • Easy application process

    Easy application process

    You can apply online for a gold loan in minutes. When you visit our branch office to complete the process, we will have everything ready for you.

  • Gold loan of up to

    Gold loan of up to Rs. 2 crore

    We offer gold loans ranging between Rs. 5,000 up to Rs. 2 crore. Choose the amount that you need from the loan offer.

  • branches and growing

    800 branches and growing

    We have just opened 60 new branches in India and will keep doing so. We are also opening new branches in the cities where we already do business.

  • A gold loan is a secured loan that lets you use your gold jewellery as collateral to borrow money. You can pay it back easily over a period of up to 12 months.

    When you apply to Bajaj Finserv for a gold loan, you receive an offer based on the value of your gold jewellery. You may choose the amount you require or the whole offer value.
    We utilise the best available karatmeters to ensure that your jewellery is accurately appraised. Thus, you will obtain the highest possible offer for it. Our comprehensive security systems guarantee the safety of your belongings while they are in our hands.

    You can use your gold loan to pay for big and small, planned and unplanned expenses.

    Still haven’t found what you are looking for? Click on any of the links at the top of this page.

Show More Show Less
Gold Loan EMI Calculator

Gold Loan EMI Calculator

Plan your instalments better.

Eligibility criteria and documents required for gold loan transfer

To apply for a gold loan balance transfer from your current lender to Bajaj Finance you need to meet a few simple eligibility parameters. You will be asked to submit a few basic KYC documents to complete the application process.

Eligibility criteria

  • Nationality: Indian
  • Age: 21 to 70
  • Gold purity: 22 karat or higher

Documents required

Any one of the following:

  • Aadhaar card
  • Voter ID card
  • Passport
  • Driving licence

PAN card is not required. However, if you apply for a gold loan above Rs. 5 lakh you will be asked to submit your PAN card.

How to apply for a gold loan

Gold Loan Balance Transfer Process

  1. Click on ‘APPLY’ on this page to open our online application form
  2. Enter your first and last name as it appears in your PAN
  3. Enter your 10-digit mobile number and select your city
  4. Click on ‘GET OTP’
  5. Enter OTP to verify your details
  6. You will be shown the address of the nearest branch in your city. You will also receive a call from our representative who will guide you to complete your gold loan application.

Applicable fees and charges

Types of fee

Applicable charges

Interest rate

9.50% p.a. to 28% p.a.

Processing fees

0.12% (Inclusive of applicable taxes) of Loan Amount, Subject to a Minimum of Rs. 99 (Inclusive of applicable taxes) and Maximum of Rs. 600 (Inclusive of applicable taxes)

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount

Cash handling charges


Penal interest

3% p.a. on outstanding balance

The penal interest margin/ rate will be over and above the interest rate slab. This shall be applicable/ chargeable in case of default in repayment of the outstanding dues.

Part-prepayment charges


Foreclosure charges*


Auction charges

Charge for physical notice – Rs. 40 (Inclusive of applicable taxes) per notice

Recovery charges – Rs. 500 (Inclusive of applicable taxes)

Advertisement fee – Rs. 200 (Inclusive of applicable taxes)

*Foreclosure charges are zero. However, if you close the loan within 7 days of booking, you have to pay minimum 7 days’ interest.
Note that additional cess will be applicable on all charges in accordance with state-specific laws.
The interest rates applicable on gold loans are dynamic and frequently change due to external factors.
Still haven’t found what you are looking for? Click on any of the links at the top of this page.

Frequently asked questions

What is gold loan balance transfer?

A gold loan balance transfer is a process where you move your gold loan balance from your current lender to another lender. People often transfer gold loans with the aim of getting a lower interest rate, better repayment terms, or if they are not happy with the service of their current lender.

What are the benefits of transferring a gold loan?

Transferring a gold loan can offer several benefits, like lower interest rates, free insurance of gold, multiple repayment options, high loan amount per gram of gold, and more. Gold loan balance transfer features can also include improved security, part-release facility and no part-prepayment or foreclosure fee. Overall, gold loan transfer can help borrowers save money and get better loan terms.

what are the eligibility criteria for gold loan balance transfer?

To transfer gold loan balance from one lender to another you need to meet a few simple eligibility parameters. You must be an Indian citizen aged between 21 and 70 years, and have your basic KYC documents ready before applying for a transfer. Also, the gold jewellery you pledge must be 22 karats.

Why should you choose Gold Loan Balance Transfer?

A gold loan takeover allows you to transfer your gold loan balance from your current lender to another lender. Transferring your outstanding gold loan allows you to repay the advance at reduced rates, allowing savings on unnecessary interest payments. You can also get benefits like free insurance of gold, part-release facility, multiple repayment options and high loan amount per gram of gold.

What is the process for gold loan balance transfer?

Follow the given steps to complete your gold loan balance transfer with Bajaj Finance:

  • Check if you meet all eligibility requirements for a balance transfer.
  • Next, apply for a gold loan foreclosure with your existing lender.
  • Fill out a simple form to apply for a gold loan transfer to Bajaj Finance.
  • Submit the minimum necessary documents required to complete the paperwork.
  • Obtain pledged gold from the previous lender and deposit it with Bajaj Finance under industry-best vault security.
  • Obtain a new loan agreement with low gold loan interest rate and other favourable terms.
  • Receive the gold loan amount in your bank account.
  • Once received, you can start repaying the advance as per the agreed schedule.

Show More Show Less