A gold loan is a viable financing solution wherein individuals can leverage their gold equity to obtain substantial funds. Owing to the loan’s secured nature, the gold loan interest rates tend to be lower when compared to other financial products. The competitive interest rates contribute to the loan’s affordability and accessibility for all.
Apply for a gold loan from Bajaj Finserv to meet big-ticket expenses without hassle. We offer the credits against one of the lowest interest rates of gold in India, thus boosting affordability and convenience.
Our gold loan interest rates and charges are explained in this table below –
|Fee type||Charges applicable|
|Interest rate||Starting from 11.99% p.a.|
|Documentation fee||From Rs. 25 – Rs. 100, including taxes|
|Penal interest||3% p.a. on the outstanding balance|
|Cash handling charge||Rs. 50 inclusive of all applicable taxes|
|Foreclosure or release charges||NIL for longer than 60 days
Rs. 20 between 31 and 60 days
Rs. 40 if within 30 days
|Document/statement charges||Digital copies of all documents are cost-free.
Obtain hard copies from the nearest branch at Rs. 50.
|Stamp Duty||At actuals. (as per State)|
Yes, you can choose to pay only the interest and settle the principal loan amount at the end of your repayment tenor. Bajaj Finserv offers three gold loan repayment options –
However, it is in your best interest to discuss the available repayment options beforehand to plan your EMIs or pay-outs against the gold loan at a minimum interest rate better.
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