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Key takeaways
Gold loan eligibility refers to the basic conditions you must meet to borrow against your pledged gold jewellery, ornaments or coins. Gold loans are popular in India because they involve simple documentation, quick processing, and easy-to-meet criteria. With a smooth gold loan process and fast disbursal, often within a single branch visit, you can access funds quickly for urgent or planned needs. Understanding the eligibility factors in advance helps you prepare the right documents and estimate the loan amount you may receive.
By understanding these factors, you can assess your gold loan eligibility more accurately and apply with confidence.
Applying for a Bajaj Finance 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 and ornaments is accepted, as purity determines the eligible loan amount. You can pledge gold coins upto 24 karat karat gold purity owned by you as collateral.
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.
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 Rs. 2.5 lakh = LTV 85%
2. For loans between more than Rs. 2.5 lakh to Rs. 5 lakh = LTV 80%
3. For loans from more than Rs. 5 lakh 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:
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.
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:
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 Finance 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.
Using the calculator is easy:
Your estimated loan amount depends on:
A loan against gold calculator helps you:
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.
Applying for a Bajaj Finance 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.
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 Finance 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.
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.
As per RBI guidelines, gold loans can be availed against the pledge of gold jewellery with a purity of 18-22 karats. The value of the pledged gold is determined using the reference price of its actual purity. Lenders consider the lower of (a) the average closing price of gold of that specific purity over the preceding 30 days, or (b) the closing price on the preceding day, as published by the India Bullion and Jewellers Association Ltd. or a SEBI-regulated commodity exchange. If price data for a specific purity is unavailable, the published price available for the nearest available purity is used, with weight adjusted based on its actual purity to arrive at valuation. Basic KYC compliance and timely repayment within the chosen tenure remain mandatory.
With us, PAN card is not a mandatory document. However, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card.
Yes, you can get a gold loan without income proof. Since it is a secured loan, your gold jewellery acts as the primary security. The loan amount is based on the purity and weight of the gold, not your income documents.
Yes, lenders generally require a minimum gold purity of 18-22 karat for loan approval. The higher the purity, the better the value you can get for your pledged gold jewellery.
Gold loan eligibility is calculated using a gold loan calculator. It considers the weight and purity of your gold jewellery and the lender’s loan-to-value ratio to estimate the eligible loan amount.
Gold loans are processed quickly, often within a few hours. After the gold valuation and document verification, the approved loan amount is disbursed to your bank account often in just one branch visit.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
