Why choose us?
At Bajaj Finance, get a gold loan up to Rs. 2 crore at attractive rates. With 800+ branches nationwide, enjoy prompt service and exclusive features like part-release facility, flexible tenures, and free insurance of gold. Apply online or visit a branch with your existing lender's statement for a smooth transfer, guided by our expert team.
Features and benefits of gold loan balance transfer
Features and benefits of Gold Loan Balance Transfer
Watch this video to learn all about Gold Loan Balance Transfer
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*
Repay your loan in part or in full, at no extra charge.
To ensure that you receive the highest possible value for your gold, we use best-in-class karat metres in each of our branches.
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
Bajaj finserv gold loan comes with flexible repayment options. You can choose to pay the gold loan interest monthly,bi - monthly, quarterly, half yearly or yearly, as per your convenience. Through, it is important to note that Principal and interest is to be paid post on maturity.
Easy application process
Apply for a gold loan online. Our representative will help you with your application when you visit our Gold Loan branch in your city.
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.
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.
Still haven’t found what you are looking for? Click on any of the links at the top of this page.
Eligibility criteria and documents required for gold loan transfer
Anyone can apply for our gold loan balance transfer, as long as they meet the basic criteria mentioned here. They will be asked to submit a few basic documents to complete their application process.
- Nationality: Indian
- Age: 21 to 70 years
- Gold purity: 18-22 karat
Any one of the following:
- Aadhaar card
- Voter ID card
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
However, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card.
Did you know?
A longer loan tenure can lower your rate of interest.
Did you know?
You can get a gold loan with just one KYC document.
Did you know?
There are very few restrictions on how you use your Bajaj Finance Gold Loan.
Did you know?
Bajaj Finance has more than 800 gold loan branches across India.
How to apply for a Gold Loan Balance Transfer
Applicable fees and charges
Types of fee
9.50% to 28% per annum
0.12% of the loan amount (inclusive of applicable taxes).
Stamp duty (as per respective state)
Payable as per state laws and deducted upfront from loan amount
Cash handling charges
Rs. 50/- (inclusive of applicable taxes). Applicable for cash disbursement only.
3% per annum on outstanding balance
Minimum 7 days interest
Scenario – Foreclosure charges are “0”, but in case the customer closes the loan within 7 days of booking, minimum 7 days interest is charged.
Charge for physical notice – Rs. 40/- (Inclusive of applicable taxes) per notice
Frequently asked questions
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.
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.
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 between 18-22 karats.
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.
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.