Gold loan eligibility criteria

  • Work status

    Work status

    Salaried, self-employed, business people, traders, farmers and others

  • Age


    21 to 70 years

Availing of a gold loan or a loan against gold is one of the easiest and fastest ways to raise funds and fulfil any personal or business requirements. This secured financing option is available against competitive interest rates and simplified terms, making it convenient and hassle-free to get one.

You only need to pledge your gold ornaments and fulfil the simple gold loan eligibility criteria to avail of this loan. Since the funds are available against the value of the gold pledged, gold loans do not impose any stringent eligibility requirements.

The funds under this financing option can be availed even by those who fail to maintain a high CIBIL score. Owing to the high equity of the asset pledged, you can get simplified borrowing terms and finance your requirements instantly.

The amount you can avail of also depends on the loan to value (LTV) ratio offered. The RBI has set a 90% cap on the LTV for gold loans. On meeting these eligibility requirements, you can get the maximum LTV against the value of your gold.

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Documents required for gold loan

Submit only KYC documents to establish repayment capacity and get an instant approval for this secured loan from Bajaj Finserv. KYC documents include:

Identity proof

  • PAN card
  • Aadhaar card
  • Voter ID card
  • Passport
  • Driving license
  • Government-issued photo ID card
  • Defence ID card

Address proof

  • Aadhaar card
  • Ration card
  • Passport
  • Bank account statement
  • Voter ID card
  • Any utility bill (electricity bill/ water bill/ telephone bill not older than 3 months)
  • Letter from any authorised person

You may be asked to submit income proof along with the necessary gold loan documents if the need arises.

Check your gold loan eligibility

The process to check gold loan eligibility is hassle-free and straightforward. Irrespective of work status, you can qualify for this loan if you possess sufficient gold assets to seek an advance against them.

Besides eligibility criteria and documentation, consider the purity of gold before applying. We accept gold articles of 18 carats to 24 carats after measuring the weight. Individuals can use a gold loan eligibility calculator to calculate the amount they can avail of before applying.

Note: This loan is available only against gold jewellery. Gold bars or coins are not accepted as viable collaterals for loan disbursal.

Frequently asked questions about gold loan

Can you get a gold loan without a bill or invoice for the gold jewellery?

Yes, you can get a gold loan without producing the bill or invoice for the gold jewellery. Every lender usually has its procedure of accessing the value of the gold pledged; this involves a combination of human expertise and technological intervention.

Is a PAN card required to apply for a gold loan?

A PAN card is not a mandatory document to apply for a gold loan. Although, you need to ensure that you have the following documents when you go to the nearest Bajaj Finserv branch to apply for a Gold Loan:

  • An Aadhaar card
  • Identity proof document (any 1)- Passport, Driving License, Voter's ID
  • Address proof document (any 1)- Passport, Driving License, Electricity bill
Can anyone avail of a gold loan?

Yes, anybody aged between 21 years and 70 years can avail of a gold loan. Unlike other loan types, secured or unsecured, applicants do not need to fulfil stringent eligibility requirements to avail of this loan.

I am a farmer. Can I apply for a gold loan?

Yes, you can apply for a gold loan. However, check the gold loan eligibility criteria and the documents required before applying.

How can I repay my gold loan?

The Bajaj Finserv Gold Loan comes with flexible repayment options. You can choose to pay the gold loan interest quarterly or monthly and repay the principal at the tenor's end. Or, you can pay the total interest at the onset of the loan tenor and repay the principal later. Alternatively, you can also repay the loan in regular EMIs, comprising of both interest and principal.