Gold Loan Eligibility and Documents

Applying for a Bajaj Finserv Gold Loan becomes simple when you understand the basic eligibility requirements. The gold you pledge must be genuine jewellery within the accepted purity range, as purity directly impacts valuation and the eligible loan amount. Only gold jewellery, ornaments, and coins are accepted as collateral. Gold, bars, and ETFs, etc. are not eligible. Meeting these criteria helps ensure proper gold assessment and smooth loan processing without delays. 

To be eligible, you must be an Indian citizen and submit valid KYC documents for identity and address verification. Applicants between 21 and 80 years can apply, subject to verification. Only 18-22 karat gold jewellery is accepted, as purity determines the eligible loan amount. You can pledge gold coins, ornaments, or jewellery owned by you as collateral.

Quick eligibility snapshot

• Nationality: Indian citizen
• Age: 21 - 80 years
• Gold purity: 18-22 karat
• Collateral type: Gold jewellery, ornaments, coins 

Here is a list of single borrower limit for each collateral type:

1. Ornaments: The total weight pledged across all loans for a borrower cannot be more than 1 kilogram.

2. Jewellery: As per maximum loan amount.

3. Coins: The aggregate weight of coin(s) pledged for all loans to a borrower shall not exceed 50 grams in case of gold coins.

4. Overall exposure limit: The total loan exposure across ornaments, jewellery, and gold coins together must not exceed the maximum loan limit of Rs. 2 crore.

LTV (Loan to Value)

The maximum LTV eligible for consumption loans per borrower depends on the loan amount and cannot be more than the limits given:

1. For loans up to %$$GL-LTV-bracket 1-loan-amount$$% = LTV 75%

2. For loans between more than %$$GL-LTV-bracket 1-loan-amount$$% to %$$GL-LTV-bracket 2-loan-amount$$% = LTV 80%

3. For loans from more than %$$GL-LTV-bracket 2-loan-amount$$% to Rs. 2 crore = LTV 75%

The LTV ratio must be maintained during the loan tenure. For bullet repayment loans, the amount includes principal and interest payable at maturity. LTV norms may change as per RBI guidelines and lender policy

Please note: 

• At Bajaj Finance, we offer gold-backed loans with proportional valuation, quick access, and transparency. Loans above ₹2.5 lakh undergo credit checks, and bullet repayment loans consider total payable amounts upfront.
• Loans are not provided for buying gold in any form, including primary gold, jewellery, coins, or gold-backed financial products such as ETFs or mutual funds, nor against primary gold or similar financial assets.
• Valuation considers only intrinsic gold value; stones and embellishments are excluded.

• Borrowers or legal heirs must be informed of any loss or issues and the compensation process. Delays in collateral release due to lender fault attract ₹5,000 per day compensation.

  
  

Documents required for gold loan

When applying, keeping the documents required for gold loan ready helps complete verification quickly and supports faster approval. Bajaj Finance requires only essential gold loan documents to verify your identity and address, making the process simple and convenient.
 

You need to submit any one of the following KYC documents:

• Aadhaar card
• Voter ID card
• Passport
• Driving licence
• NREGA job card
• Letter issued by National Population Registration
   

PAN card is generally not mandatory for smaller loan amounts. However, if you apply for a gold loan of ₹5 lakh or above, submission of PAN card is required as per applicable guidelines.
 

Pro tip: It takes just 2 steps to check your eligibility for a Bajaj Finserv Gold Loan. Enter your mobile number now. 

A gold loan eligibility calculator is an online tool that helps you estimate how much loan you can get against your pledged gold jewellery. By entering basic details such as gold weight (in grams) and purity (for example, 18K or 22K), you can instantly check your approximate loan eligibility based on prevailing gold rates and lender policies.
 

With Bajaj Finance, the gold loan calculator makes the process simple and quick. It provides an instant estimate of your eligible loan amount and helps you review the applicable interest rate, repayment frequency, and tenure options.
 

How does the gold loan eligibility calculator work?

Using the calculator is easy:

• Enter the gold weight
• Select the gold purity
• View the estimated loan amount based on current market value and LTV norms

Factors that affect gold loan eligibility

Your estimated loan amount depends on:
 

• Gold weight and purity
• Current market gold price
• Applicable loan-to-value (LTV) ratio
• Selected repayment tenure
• Interest rate and repayment frequency
   

Benefits of using the calculator

A loan against gold calculator helps you:
 

• Quickly estimate your borrowing capacity
• Compare repayment options
• Plan your repayment schedule in advance
• Save time during application
• Make informed financial decisions

For example, if you enter 50 grams of eligible gold, the calculator provides an estimated loan range based on current gold value and guidelines. Once you check your eligibility, you can proceed smoothly with your application through Bajaj Finance.

Gold loan application process

Applying for a Bajaj Finserv Gold Loan is simple when you follow the correct steps. You can begin the gold loan application process online through the website or app and complete the final formalities at your selected branch after verification and gold evaluation. Starting online saves time and helps you move forward quickly.

Steps to apply for a gold loan online:

Step 1: Start your online application
Click on “Apply” to begin the online gold loan application process.

Step 2: Verify your mobile number
Enter your 10-digit mobile number and select “Get OTP” to initiate identity verification.

Step 3: Complete OTP verification
Enter the OTP received on your registered mobile number to proceed securely.

Step 4: Fill in personal details
Provide the required personal information and select the nearest Bajaj Finserv Gold Loan branch for gold verification and valuation.

Step 5: Download in-principal eligibility letter
 

After submitting your details, you can download the in-principle eligibility letter. This document provides an estimated loan eligibility based on the information shared.

Once these steps are completed, you can visit the selected branch with your gold jewellery and required documents to complete the assessment and receive the loan amount.

Check your gold loan eligibility in seconds to know how much you can borrow—easy, accurate, and hassle-free.

Key points to consider before availing gold loans at Bajaj Finance 

Before you avail a gold loan from Bajaj Finance, it is important to understand a few essential aspects to make a confident financial decision. First, ensure that your gold jewellery meets the accepted purity range of 18-22 karat, as purity directly impacts the loan amount you may receive. Keep your basic KYC documents ready to avoid delays during verification. One of the advantages is that approval is largely based on the value of your pledged gold rather than your credit score or income proof. You should also carefully review the applicable interest rates, repayment options, tenure, and any associated charges to plan your repayment comfortably. Additionally, your pledged gold is stored in secure, insured vaults, ensuring safety and peace of mind throughout the loan period.