Gold Loan Eligibility and Documents

Applying for a Bajaj Finserv Gold Loan is simple when you know the basics. The gold you pledge should be genuine jewellery within the accepted purity range, as this determines the loan amount you can receive. W do not accept coins, bars or utensils etc., only ornaments are accepted as collateral. You will also need to share standard KYC documents for quick verification. By following these simple rules for gold for gold loan, you can ensure a hassle-free experience and get funds without any delays.
 

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

Gold loan eligibility based on collateral type 

Below are the single borrower limits applicable for each type of collateral:
 

1. Ornaments and jewellery: The total weight of gold ornaments pledged across all loans by a single borrower must not exceed 1 kilogram. Though there is no such limit for jewellery. 
2. Coins: The total weight of coin pledged across all loans by a single borrower cannot exceed 50 grams.
3. Overall exposure: The combined exposure of a customer across ornaments, coins, and jewellery cannot exceed the maximum permissible loan amount of Rs. 2 crore. 

Documents required for gold loan

When applying for a gold loan, knowing the documents required for gold loan is important for a smooth process. Bajaj Finserv keeps it simple by asking only for essential gold loan documents to verify your identity and address. These papers ensure quick approval and loan disbursal without lengthy formalities. Having the right details ready saves time and helps you get funds faster. Since the process is designed to be easy, you can complete it quickly and walk out with your loan amount in no time. You just 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 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.

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

Loan-to-value (LTV)-ratio 

The maximum LTV permitted for consumption loans per borrower[RR1]  is determined based on the loan amount and shall not exceed the limits specified below:

1. For loans up to Rs.2.5 lakh = LTV up to 85%

2. For loans above Rs.2.5 lakh and up to Rs.5 lakh = LTV up to 80%

3. For loans above Rs.5 lakh and up to Rs. 2 crore = LTV 75%

Note: The applicable LTV ratio must be maintained on an ongoing basis throughout the tenure of the loan. In case of Bullet repayment loans, the loan amount shall be the total amount payable at maturity.

A gold loan eligibility calculator is a simple online tool that helps you know how much loan you can get against your gold. All you need to do is enter details like the gold weight and purity. The calculator then gives you an instant estimate based on the current gold price and lender policies. With Bajaj Finance, using the gold loan calculator is quick and hassle-free. It not only shows the loan amount but also helps you plan repayment better. Knowing your eligibility in advance makes the application process smoother and saves time. Use the gold loan eligibility calculator to check the interest rate, repayment frequency, as per the loan amount to make informed decisions before applying.

Gold loan application process

Applying for a gold loan with Bajaj Finance is quick and hassle-free. You can visit the nearest Bajaj Finserv Gold Loan branch or apply online through the Bajaj Finserv App or official website from the comfort of your home. To apply online, just follow these easy steps:

1. Click on “Apply” to initiate online application.
2. Enter your 10-digit mobile number and click on “Get OTP.”
3. Submit the OTP to verify your identity.
4. Fill in your personal details and select the nearest gold loan branch.
5. Download In-principal loan eligibility letter.
    

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

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