Gold Loan Eligibility and Documents 

Know about gold loan eligibility criteria & required documents to apply for gold loan.

Eligibility Criteria and Documents Required for Gold Loan

Anyone can apply for our gold loan, 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
  • 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

PAN card is not required. However, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card.

More details

You can qualify for a gold loan easily, as long as you are within the eligible range, and you have 18-22 karat gold jewellery. You do not need to have a high CIBIL Score to apply for this loan, as you are providing your gold jewellery as collateral.

You can only submit gold jewellery as security against this loan. We do not currently accept gold coins, bars, idols, utensils, or any other items as collateral.

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How to apply for Gold Loan

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Step-by-step guide to applying for a gold loan

  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 your full name and date of birth as per your PAN
  6. Set up your appointment at our branch

Once done, you will receive a call from our representative to confirm your appointment and guide you on the next steps.

Frequently asked questions

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 any one of the following documents when you visit the nearest Bajaj Finance Gold Loan branch:

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

However, it is important to note that if you apply for a gold loan above Rs. 5 lakh, you will have to submit your PAN card.

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 monthly, bi-monthly, quarterly, half yearly or yearly and repay the principal amount at the end of the tenor. 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.

How much gold is required for a gold loan?

When you opt for a gold loan, the amount you can borrow against your jewellery depends on the rate of gold on that particular day. However, you need to meet the basic gold loan criteria and ensure you possess pure gold jewellery made of 18-22 karat gold to avail of the loan. You can use our online gold loan calculator to get an estimation on the amount of gold you need to submit to get the desired gold amount, and vice-versa.

Who is eligible for a gold loan?

Anyone can apply for a Bajaj Finserv Gold Loan – you can be a salaried person, self-employed business owner, homemaker, or a pension-holder. If you are an Indian citizen, aged between 21 and 70 years, you can easily apply for a gold loan. You only need your basic KYC documents as identity and address proof to meet the basic eligibility for gold loan avail of the loan amount.

What is the process for gold loan?

To complete your gold loan process, you can simply visit your nearest Bajaj Finance branch or apply online. Once you have completed the online application, a Bajaj Finance representative will help you schedule an appointment. You can visit us at your convenience with your gold jewellery, and our staff will evaluate its purity and process your application.

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