A gold loan in Abohar is like borrowing money using your gold jewellery as security. It is fast and easy! Whether you need funds for medical emergencies, or personal expenses, a gold loan ensures you can unlock the value of your jewellery without selling it. One of the key gold loan features is the high loan-to-value ratio, allowing you to borrow up to 75% of your gold’s market value. You can avail a loan from Rs. 5,000 to Rs. 2 crore with interest rates starting from 9.50% to 24% per annum. Here’s why Abohar residents prefer Bajaj Finserv Gold Loan:
- Part release option: Pay back a part of your loan and get some of your jewellery back before the loan ends.
- No extra charges: You can finish your loan early without paying any extra charges.
- Accurate gold check: We use the best karat metres to check your gold, so you get the highest value possible.
- Free insurance cover: Your gold is kept safe and is insured against theft or loss while we have it.
- Flexible repayment choices: You can pay monthly, every two months, every three months, every six months, or once a year. The principal loan amount due to be paid at the end.
- Easy application process: You can apply online or walk into our nearest branch. Our team will help you every step of the way!
- Gold loan renewal: You may renew their gold loan at the end of loan tenure, subject to LTV being as per regulatory norms. A fresh credit appraisal will be done by us prior to renewal. However, renewal post actual loan maturity date is restricted.
- 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.
With a gold loan in Abohar, you can solve money problems quickly without selling your favourite jewellery. It is a smart and safe way to get cash when you need it most.
How to apply for a gold loan in Abohar
Getting a gold loan in Abohar is very simple with Bajaj Finance. With an easy process, minimal documentation, and swift disbursal, we provide a reliable financial solution when you need it the most. To apply, just follow these few simple steps:
- Click on ‘APPLY’ to open our online application form.
- Enter your 10-digit mobile number and click on ‘GET OTP.’
- Submit the OTP to verify your identity.
- Select your state and city to find the branch nearest to you.
- Enter your full name and date of birth as per your PAN.
- Set up your appointment at our branch.
After you complete the process, our representative will connect with you to walk you through the next steps.
Getting an instant gold loan can be a lifeline during unexpected financial challenges such as medical emergencies, education fees, or home repairs. This personalised assistance ensures a smooth and hassle-free experience, making gold loans a convenient financial solution. Get started by checking your eligibility today!
Eligibility criteria to apply for a gold loan in Abohar
To getting a gold loan in Abohar, you need to know if you meet the eligibility criteria before applying. Do not worry—it is quite easy! With Bajaj Finance, you just need to meet the below parameters:
Age: You should be between 21 to 70 years old.
Gold quality: You must have gold jewellery that is 18-22 karats.
Citizenship: You have to be an Indian citizen to apply for a gold loan.
That is it! You do not need a high credit score to get this loan since it is secured against gold jewellery. With a gold loan in Abohar, even homemakers, farmers, or small shop owners can get funds without trouble.
So, if you have gold jewellery at home and need funds, this is one of the easiest loans to get. Just bring your gold and KYC documents, and you are ready to go!
Documents required for gold loan in Abohar
The documentation for gold loans is fairly simple as compared to any other types of loans. To apply, you need to provide one of the following basic KYC documents for gold loan:
- Aadhaar Card
- Voter ID Card
- Passport
- Driving Licence
- NREGA Job Card
- Letter Issued by National Population Registration
While a PAN card is not mandatory, you will need to provide its details for loans above ₹5 lakh. This flexibility makes gold loans a practical solution for people from diverse economic backgrounds in Abohar, especially those who might not qualify for traditional loans.
Gold loan interest rates in Abohar today
Gold loan affordability in Abohar is largely influenced by interest rates. We offer competitive gold loan interest rates starting from 9.50% to 24% per annum, depending on the loan amount and tenure.
Getting an estimate on the interest rates allows you to plan your financial decisions without a heavy burden. With complete transparency, you receive clear details about your repayment schedule, ensuring there are no hidden charges. Here’s a list of fees and charges applicable on your gold loan:
| Types of fee |
Applicable charges |
| Interest rate |
9.50% to 24% 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 |
3% 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 part release of ornament(s) pledged. |
| Part-prepayment charges |
NIL |
| Foreclosure charges |
Nil, any time post disbursement of loan |
How to calculate the loan amount for your gold in Abohar
Wondering how much money you can get with a gold loan in Abohar? It depends on your gold’s purity, weight, and the prevailing gold rates in the market.
Bajaj Finance makes this calculation easy with its online gold loan calculator, which helps you determine the loan amount. This ensures you have a clear understanding of your borrowing potential before visiting a branch.
Here is how to use the calculator:
- Enter gold weight or loan amount – Type the weight of your gold jewellery or the amount you need.
- Check gold purity – Select the gold loan purity in carats. This affects how much loan you will get.
- See loan estimate – Based on current gold rates and your inputs, the calculator shows the approximate loan amount.
- View interest rate and tenure – It also shows the possible interest rates and repayment duration.
This handy tool makes it easier to plan and apply for a gold loan in Abohar with confidence. It is easy to use, fast, and gives you a clear idea of what to expect before you apply.
All you need to do is enter a few details and the calculator for gold loan instantly shows you the estimates. You will get a good sense of the eligible loan amount, the gold weight needed, and the interest you will pay depending on the tenure you pick. Plus, it shows you the interest rate and total repayment clearly, so you can plan your finances smartly and avoid surprises down the line.
Repayment options for gold loans in Abohar
At Bajaj Finance, we understand that everyone’s financial needs are unique. That is why we offer multiple repayment options for your gold loan in Abohar, so you can choose what works best for you.
Here is a quick look at the options you have:
- • Monthly – Pay the interest every month.• Bi-monthly – Make a payment every two months.• Quarterly – Pay once every three months.• Half-yearly – Make payments twice a year.• Annual – Pay once a year if you prefer fewer payments.
You can go with whichever option feels most comfortable for you. Just keep in mind that the principal loan amount and any pending interest will need to be cleared at the end of the tenure. These flexible choices are designed to help you manage your gold loan smoothly and without unnecessary stress.
Why choose Bajaj Finance to avail a gold loan in Abohar?
Bajaj Finance is a great choice when you want a gold loan in Abohar. It offers a smooth process with fair value for your gold jewellery.
- Quick approval: Get your loan in just 1 branch* visit.
- High loan value: You can get up to 75% of your gold’s worth.
- Safe storage: Your gold is kept safe, insured, and handled carefully in secure lockers.
- Multiple repayment: Choose from multiple repayment options as per your convenience.
- Minimal paperwork: Only one KYC document is needed to start.
Bajaj Finance focuses on making the gold loan process easy and worry-free. Whether it is for a medical emergency or any other personal need, this gold loan service is fast, safe, and dependable.
Uses of loan against gold in Abohar
A gold loan in Abohar is a great option when you need quick and easy access to funds. It helps you meet urgent and planned needs without the hassle of lengthy paperwork or long waiting queues.
Here are some common ways people in Abohar use their gold loans:
Paying school or college fees to ensure uninterrupted education.
Covering unexpected medical expenses and hospital bills.
Handling home repairs or renovations to keep your house in good shape.
Purchasing a new gadget, mobile phone, or even a bike.
Managing costs for family celebrations like weddings, anniversaries, or birthday
It is a smart and practical way to unlock the value of your jewellery without parting with it. So, the next time you face an urgent expense, remember that a gold loan in Abohar can provide the financial support you need, while keeping your precious ornaments safe.
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