Gold Loan Balance Transfer features
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Features and benefits of our gold loan
Watch this video to know more about the key features and benefits of our gold loan.
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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. The gold loan part release facility makes it a wise financing solution.
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No part-prepayment or foreclosure fee
Repay your loan in part or in full, at no extra charge.
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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.
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Free insurance of gold
Our free insurance of your gold jewellery covers it against theft or loss while it is in our custody.
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Convenient repayment options
We offer multiple repayment options where you may choose to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis as per your convenience. Please note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity.
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Easy application process
You can apply online for a gold loan balance transfer in minutes. When you visit our branch office to complete the process, we will have everything ready for you.
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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.
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800 branches and growing
We have recently opened 60 new gold loan branches in India and will keep doing so. We are also opening new branches in the cities where we already do business.
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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 carat metres 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.
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Gold loan application process
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Frequently asked questions
A gold loan offers several features including quick approval, minimal documentation, and flexible repayment options. It allows borrowers to leverage their gold jewellery to secure funds for various needs. Gold loan takeover is an option where you can transfer your existing gold loan to another lender for better terms. Typically, you can borrow up to 75% of the gold's market value, and the interest rates are competitive. Additionally, these loans provide part-release and top-up facilities.
A gold loan offers quick access to funds without the need to sell your gold. As the loan secured against physical gold jewellery, it typically has a lower interest rate compared to unsecured loans, making it more affordable. Flexible repayment options and minimal documentation add to its convenience. Additionally, you can reap gold loan benefits such as gold loan balance transfer, allowing you to shift your existing gold loan to another lender for better term, such as lower interest rates or more flexible repayment schedules, enhancing your financial management.
A gold loan takeover, also known as a gold loan transfer, involves shifting an existing gold loan from one lender to another. This process is typically pursued to benefit from lower interest rates, better terms, or improved services. By transferring the gold loan, borrowers can reduce their financial burden and enjoy more favourable repayment conditions.
Bajaj Finserv Gold Loan offers competitive interest rates starting from 9.50%* per annum. For those seeking better terms, you can avail the gold loan balance transfer facility with competitive gold loan interest rates.
A gold loan takeover involves transferring an existing gold loan from one lender to another for better terms. This process allows borrowers to benefit from lower interest rates, improved repayment options, or other favourable conditions offered by the new lender. The new lender settles the outstanding amount with the current lender, and the borrower continues repaying the loan under the new terms. This option is particularly useful for reducing overall loan costs and improving financial management.
To get the lowest gold loan interest rates, start by maintaining a good credit score and a solid financial profile, as lenders offer better rates to creditworthy borrowers. Opt for shorter loan tenures, which often come with lower rates. Additionally, check for any special promotions or discounts offered by lenders. Being an existing customer of a bank might also give you access to preferential rates. Ensuring all documentation is complete and accurate can further help secure the best rates.
