Features and Benefits of Gold Loan

Part-release facility

With our gold loan part release facility, you can repay a part of your loan and take part of your gold jewellery back before the end of your loan tenure.

No part-prepayment or foreclosure fee*

Repay a part of your loan in advance or pay the entire amount at no extra cost.

Transparent evaluation

We use best instruments across all our branches to make sure you get the most value of your gold.

Free insurance of gold

Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.

Convenient repayment option

We offer multiple gold loan repayment options where you may choose to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis as per your convenience. Please note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity.

Easy application process

Apply for a gold loan online. Our representative will help you with your application when you visit our Gold Loan branch in your city.

Gold loan of up to Rs. 2 crore

We offer instant gold loans starting from Rs. 5,000 up to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you.

Gold loan renewal

BFL may renew your existing loan if you submit a formal request and meet the required credit assessment criteria under its underwriting policy. Renewal is allowed only if the loan remains standard and within the permissible LTV limits. For bullet repayment loans, accrued interest must be cleared before renewal. All renewals are properly recorded in the system, and fresh fees and charges will apply. Gold loan renewals are restricted after the actual maturity date.

Gold loan top-up

You can apply for a top-up on your existing gold loan before its maturity, as long as the loan-to-value (LTV) remains within regulatory limits and a fresh credit assessment is completed by us. However, if your loan has passed its maturity date but is still active due to outstanding dues, a top-up is not allowed.

1100 branches and growing

We have recently opened 60 new branches and are adding more across India. We are also opening new branches in the cities that we operate in.

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

Eligible limit for each collateral type

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. Customer level exposure for all eligible collateral types: Gold coins, ornaments, and jewellery together should not go beyond the maximum loan amount of Rs. 2 crore.

Please note:

• At Bajaj Finance, we offer gold-backed loans with proportional valuation, quick access, and transparency. Loans above ₹2.5 lakh undergo credit checks, and bullet repayment loans consider total payable amounts upfront.
• Valuation considers only intrinsic gold or silver value; stones and embellishments are excluded.
• The lender must disclose its net weight and LTV valuation method on its website.
• Borrowers or legal heirs must be informed of any loss or issues and the compensation process.
• The lender bears repair costs for any collateral damage during the loan tenure.
• Delays in collateral release due to lender fault attract ₹5,000 per day compensation.
• Loans against ornaments and coins are capped at a total of 1 kg of gold and 10 kg of silver ornaments, and 50 g of gold and 500 g of silver coins per borrower. Lenders may renew or provide a top-up loan upon borrower request, subject to credit checks, adherence to LTV limits, and only if the existing loan is standard; bullet loan renewals require interest clearance and traceability in core systems. Lending against eligible collateral should follow a proportional and accessible method, while detailed credit checks are mandatory for loans above ₹2.5 lakh, factoring in the total payable amount for bullet repayment loans.

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