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 Finance, 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


Features and benefits of our gold loan

Watch this video to know more about the key features and benefits of our gold loan.

  • 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 karat 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

    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

    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

    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.

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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.

Eligibility criteria

  • Nationality: Indian
  • Age: 21 to 70 years
  • Gold purity: 18-22 karat

Documents required

Any one of the following:

  • Aadhaar card
  • Voter ID card
  • Passport
  • 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.

A PAN card is not mandatory, except when you apply for a gold loan exceeding Rs. 5 lakh, in which case you will be required to provide 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

Video Image 00:53

Step-by-step guide to apply for a Gold Loan Balance Transfer

  1. Click on ‘APPLY’ to open our online application form
  2. Enter your 10-digit mobile number and click on ‘GET OTP’
  3. Submit the OTP to verify your identity
  4. Select your state and city to find the branch nearest to you
  5. Enter the details of your ongoing gold loan to know your offer
  6. Confirm your name and date of birth
  7. Book an appointment at your preferred branch

Once done, our representative will guide you on the next steps and ensure a smooth transfer of your loan.

Applicable fees and charges

Types of fee

Applicable charges

Interest rate

9.50% to 28% per annum

Processing fees

0.12% of the loan amount (inclusive of applicable taxes).
Subject to a minimum 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

Rs. 50/- (inclusive of applicable taxes). Applicable for cash disbursement only.

Penal Interest

3% per annum on outstanding balance

Penal Interest margin/ rate will be over and above the interest rate slab mentioned above which shall be applicable/ chargeable in case of default in repayment of the outstanding dues post maturity.

Part-prepayment charges


Foreclosure charges

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.

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)

The interest rates applicable on gold loans are dynamic and frequently change due to external factors.
Still have not 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 between 18-22 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 Gold Loan Balance Transfer process?

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.
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