Gold loan for MSME business

Starting a new business, expanding an existing one, and purchasing and repairing factory machinery can all be expensive. Financial assistance in the form of loans can help you pay bills, and salaries, manage cash flow, and upgrade infrastructure to stay competitive in the market.

business-expansion

BUSINESS EXPANSION

By investing in new equipment, hiring more staff, buying inventory, or expanding your business's physical location, you can strengthen your company's competitive position, boost sales and profits, and seize new opportunities.

working-capital-management

WORKING CAPITAL MANAGEMENT

Ensuring your company's financial health and liquidity requires effective working capital management. Daily operations, such as paying employees, and other operating costs, must be covered to keep your business running efficiently and capitalise on growth prospects.

raw-material-financing

RAW MATERIAL FINANCING

Prevent cash flow issues and ensure adequate inventory levels by maintaining a healthy stock of the necessary raw materials. This will help you increase production efficiency, lower downtime, and fulfil customer orders on time.

equipment-fianancing

EQUIPMENT FINANCING

As both equipment and technology are always evolving, businesses must stay up to date with the latest developments to remain competitive. It is easier to budget and make long-term plans when you distribute the cost of equipment across its useful life.

inventory-management

INVENTORY MANAGEMENT

Since your business's profitability depends on the number of sales, inventory management is an essential component of its success. Secure your supply chain for inventories, control seasonal changes, or buy product samples.

Gold Loan Features and Benefits

Gold Loan Features and Benefits 00:45

Features and benefits of our gold loan

Watch this video to know more about the key features and benefits of our gold loan.

  • Part-release facility

    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.

  • No part-prepayment or foreclosure fee*

    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

    Transparent evaluation

    We use best-in-class karat meters across all our branches to make sure you get the most value for your gold.

  • Free insurance of 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 options

    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.

  • Easy application process

    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

    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.

  • branches and growing

    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.

  • Still haven’t found what you are looking for? Click on any of the links at the top of this page.

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Gold Loan EMI Calculator

Gold Loan EMI Calculator

Plan your instalments better.

Eligibility Criteria and Documents Required for Gold Loan

Anyone can apply for a gold loan for farming, as long as they meet the basic 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

Video Image 00:57
   

Step-by-step guide to apply for a gold loan

  1. Click on ‘APPLY’ to open our online application form
  2. Enter your 10-digit mobile number and click on ‘GET OTP’
  3. Submit the OTP to verify your identity
  4. Select your state and city to find the branch nearest to you
  5. Enter your full name and date of birth as per your PAN
  6. Set up your appointment at our branch

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

Interest rate and applicable charges

Types of fee

Applicable charges

Interest rate

9.50% to 28% per annum

Processing fees

0.12% 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 Interest

3% per annum on outstanding balance

Penal Interest margin/ rate 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.

Part-prepayment charges

NIL

Foreclosure charges

Minimum 7 days interest

Scenario – Foreclosure charges are “0”, but in case the customer closes the loan within 7 days of booking, minimum 7 days interest is charged.

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

How to get a gold loan?

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:

  1. Click on the ‘APPLY’ option on the top of this page.
  2. Fill out the online form by submitting your basic information. Fill details like name, mobile number and select your city from the drop-down.
  3. On verification of your details, you can submit the form.
  4. Our representative will contact you and help you on the next steps.
Who is eligible to get a gold loan?

Salaried, self-employed individuals, traders, farmers, and businesspersons are all eligible to apply for a gold loan. To get a gold loan from Bajaj Finserv, you must be between 21 and 70 years of age and have gold jewellery of 22 karats and above.

Know more about gold loan eligibility.

When should you apply for a gold loan?

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.

Can you get a gold loan on jewellery?

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.

What is a gold loan?

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.

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