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
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
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.
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.
Gold Loan Features and Benefits
Features and benefits of our gold loan
Watch this video to know more about the key features and benefits of our gold loan.
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*
Repay a part of your loan in advance or pay the entire amount at no extra cost.
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
Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.
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
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.
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.
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.
- Nationality: Indian
- Age: 21 to 70 years
- Gold purity: 18-22 karat
Any one of the following:
- Aadhaar card
- Voter ID card
- 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
Interest rate and applicable charges
|Types of fee
9.50% to 28% per annum
0.12% of the loan amount (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.
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.
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.
Charge for physical notice – Rs. 40/- (inclusive of applicable taxes) per notice
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 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.
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.
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.