MEDICATION COSTS
Medication costs can be a significant financial burden, depending on the medication you need, and how long you need to take it for. A gold loan can help you manage these expenses and maintain a steady supply of the required medicine.
HOSPITALISATION COSTS
Insurance generally covers hospitalisation costs only up to a certain daily limit. If you need a room upgrade for more comfortable accommodation, extra meals, and other such services, you can pay for them easily with a gold loan.
SURGICAL TREATMENTS AND OPERATIONS
Surgical costs are the most expensive part of your hospital bills. If your health insurance cannot cover these costs in full, you can pay for the remaining amount with the help of a gold loan.
Gold Loan Features and Benefits
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Features and benefits of our gold loan
Watch this video to know more about the key features and benefits of our gold loan.
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Part-release facility
With our 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.
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No part-prepayment or foreclosure fee*
Repay a part of your loan in advance or pay the entire amount at no extra cost.
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Transparent evaluation
We use best-in-class karat meters across all our branches to make sure you get the most value for your gold.
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Free insurance of gold
Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.
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Convenient repayment options
We offer multiple 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.
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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.
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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.
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800 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.
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Still haven’t found what you are looking for? Click on any of the links at the top of this page.
Gold Loan EMI Calculator
Plan your instalments better.
Eligibility Criteria and Documents Required for Gold Loan
Anyone can apply for our gold loan, as long as they meet the basic gold loan eligibility 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 years
- 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.
How to apply for Gold Loan
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Gold loan interest rate and applicable charges
| Types of fee | Applicable charges |
| Interest rate | 9.50% to 28% per annum |
| Processing fees | 0.15% of the loan amount (inclusive of applicable taxes). Subject to a minimum Rs. 99 (inclusive of applicable taxes) and maximum of Rs. 600 (inclusive of applicable taxes). |
| Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount |
| Cash handling charges | Rs. 50/- (inclusive of applicable taxes). Applicable for cash disbursement only. |
| Penal charge | Rs. 8 per day on Outstanding Balance - Penal charge will be over and above the interest rate slab mentioned above which shall be applicable/chargeable in case of default in repayment of the Outstanding Dues post maturity. |
| Convenience fee | Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for release of ornament/s out of multiple ornaments securing the Gold Loan. |
| Part-prepayment charges | NIL |
| Foreclosure charges | Foreclosure charges are “0”, but in cases the Borrower closes the loan, interest on a pro-rated basis will be applicable. |
| Auction charges | Charge for physical notice – Rs. 40/- (inclusive of applicable taxes) per notice Recovery charges – Rs. 500/- (inclusive of applicable taxes) Advertisement fee – Rs. 200/- (inclusive of applicable taxes) |
The interest rates applicable on gold loans are dynamic and frequently change due to external factors.
Still have not found what you are looking for? Click on any of the links at the top of this page.
Frequently asked questions
Getting a loan against your gold jewellery is one of the easiest ways to meet any unplanned expense. To get a loan against gold from Bajaj Finserv, you can apply online, and we will call you and guide you on the next steps or you could simply visit the nearest gold loan branch in your city. To apply for an online gold loan, you need to follow the below mentioned steps:
- Click on the ‘APPLY’ option on the top of this page.
- Fill out the online form by submitting your basic information. Fill details like name, mobile number and select your city from the drop-down.
- On verification of your details, you can submit the form.
- Our representative will contact you and help you on the next steps.
Salaried, self-employed individuals, traders, farmers, and businesspersons are all eligible to apply for a gold loan. To get a gold loan from Bajaj Finance, you must be between 21 and 70 years of age and have 18-22 karat gold jewellery.
Know more about gold loan eligibility.
You should apply for a gold loan when you need money for some unplanned expenses. Also, a gold loan is a good option if you already have the burden of an ongoing loan. You can apply for a gold loan by pledging gold jewellery you may have at your home. To get a gold loan, you can walk in to the nearest Bajaj Finserv Gold Loan Branch in your city. In case you are looking for a more convenient option, you could also fill the gold loan application form on the Bajaj Finserv website.
Yes, you can get a loan against gold jewellery at an attractive interest rate. Bajaj Finserv gold loan interest rates start from 9.50% p.a. onwards. To get a loan against gold, click on the ‘APPLY ONLINE’ option on the top of this page. You could also walk into the nearest Bajaj Finserv Gold Loan branch in your city.
know how to apply for gold loan online.
A gold loan is a kind of secured loan that you can get from lenders like banks or Non-Banking Financial Companies (NBFC). Here you have to pledge your gold jewellery as collateral to get the loan against gold.
Lenders decide the loan amount after checking the weight and purity of your gold jewellery. They do the LTV calculation, which is ‘loan to value’ ratio. The loan amount provided by the lender is up to 75% of the value of your gold jewellery. The value is based on the current market value of gold.
