Frequently asked questions
Bajaj Finserv offers gold loans for all kinds of needs. With fair and clear interest rates for gold loans, they offer gold loans starting at as little as Rs. 5,000 up to Rs. 2 crore. Bajaj Finance also offers multiple options to pay back the loan as per your convenience. There are no additional fees and charges for part-prepayments or foreclosures. You can also use the part release feature, which lets you take out some of your gold jewellery when you need them.
With Bajaj Finance, your gold ornaments are kept in secure vaults under 24x7 surveillance, with world-class safety protocols. We have motion detectors installed in all branches to ensure the highest safety of your ornaments.
With Bajaj Finance, your gold is insured. If your gold ornaments are stolen, you will be compensated for the full value of your gold based on the current gold price as per the recorded weight and karat.
The mode of disbursement for a gold loan can be done through cash and IMPS/ NEFT/ RTGS.
- Aadhaar Card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
Yes, you can continue your loan after one year. With Bajaj Finance, you have the option of renewing your gold loan.
Bajaj Finance offers gold loans with multiple repayment options and a free part-prepayment facility. You can pay off your gold loan in 2 part-payments without incurring any additional charges.
Bajaj Finance offers gold loans with multiple repayment schemes and free part-prepayment and foreclosure facilities. You can part-pay your gold loan whenever you have surplus funds, irrespective of the repayment scheme you have opted for.
In this unforeseen event, your nominee can claim the gold you pledged with Bajaj Finance Limited by paying the outstanding amount and showing the required documents.
Yes, you can get a gold loan on your embedded jewellery. But the loan will be provided on the value of your jewellery after deducting the weight of the stone.
You have the flexibility to pay the interest amount at below frequencies such as
- Monthly - once a month
- Bi-monthly - once every 2 months
- Quarterly - once every 3 months
- Half-yearly - once every 6 months
- Annually - one-time interest payment along with principal on loan maturity
You can transfer your existing gold loan from your previous lender to Bajaj Finance Limited. You just need to provide us with all the details of your existing gold loan, including the Gold Deposit Receipt (GDR).
PAN card is required to apply for a gold loan. If you do not have a PAN card, you will have to sign Form 60. Form 60 is a signed declaration stating that you do not have a PAN card and your income is below taxable limits. PAN card is mandatory for loans greater than Rs. 5 lakh.
You can get a Bajaj Finserv Gold Loan only on 18-22 karat gold jewellery.
Gold loan is not given on : Bullions (bars), primary gold (bricks, biscuits), gold coins (.999, .995 Markings), spoons, vessels, religious idols and crowns, etc.
Ornaments comprising more than 50% of their weight in stones will not be accepted. Currently the only exception being Rajasthan.
Yes, you can get gold loan amount in cash. You can also choose to get the loan amount partly in cash and partly in bank account. The maximum loan amount that you can avail in cash is Rs. 1,99,999.
Gold Deposit Receipt or GDR is a proof of your gold being pledged with a lender for gold loan. This document is important in case an individual wishes to change their existing lender from where they have borrowed a gold loan to another lender.
