A gold loan in Achalpur is a simple and quick way to get funds using your gold jewellery as security. You do not need to sell your gold — just pledge it and get the money you need for emergencies like medical expenses, education fees, or home repairs. Once you repay, your jewellery is safely returned.
One big advantage is the high loan-to-value ratio, letting you borrow up to 75% of your gold’s market value. With Bajaj Finance, you can get a loan from Rs. 5,000 to Rs. 2 crore, with interest rates ranging from 9.50% to 24% per annum. Here are the key
gold loan features that makes this a popular financing solution:
- Part-release option: You can repay part of your loan and get back some of your jewellery even before the full loan term ends.
- No extra charges: Want to close your loan early? No worries — you will not have to pay any extra fees.
- Accurate gold evaluation: We use high-quality karat metres to check your gold, so you get the best value for it.
- Free insurance cover: While your gold is with us, it is safely stored and insured against theft or loss.
- Multiple repayment options: Choose to pay monthly, every two months, every three months, every six months, or once a year. The main loan amount is paid at the end of the term.
- Easy application: Apply online or visit our nearest branch — our team is here to help you throughout the process!
- Gold loan renewal: You can renew your gold loan when the tenure ends, as long as the loan-to-value (LTV) fits regulatory rules. We will complete a new credit check before renewal.
- Gold loan top-up: Need extra funds? Apply for a top-up on your current gold loan (before maturity), provided the LTV remains within limits and we complete a fresh credit check. Please note, top-ups are not allowed after maturity if dues are still pending.
With a gold loan in Achalpur, 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 Achalpur
Getting a gold loan in Achalpur with Bajaj Finance is easy and hassle-free. You just need to follow a few simple steps. With minimal paperwork and a smooth process, you can get the funds you need quickly, right when you need them most. Here is how you can apply:
- 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 really help you during those unexpected moments, like medical emergencies, school fees, or home repairs. With personalised support at every step, you enjoy a smooth and stress-free experience.
Check your gold loan eligibility today and get started with ease!
Eligibility criteria to apply for a gold loan in Achalpur
To get a gold loan in Achalpur, you first need to check if you meet the eligibility criteria. Worry not, it is really simple! With Bajaj Finance, you just need to meet these basic requirements:
- 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 all you need to do! You do not need a high credit score because the loan is backed by your gold jewellery. With a gold loan in Achalpur, even homemakers, salaried people, or small shop owners can get funds without any hassle.
So, if you have gold jewellery at home and need money, this is one of the simplest ways to borrow. Just bring along your gold and KYC documents, and you are all set!
Documents required for gold loan in Achalpur
The paperwork for a gold loan is much simpler compared to other loans. To apply, you just need to provide one basic
KYC documents for gold loan for verification. It is a quick and easy step to help you get started:
- 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 Achalpur, especially those who might not qualify for traditional loans.
Gold loan interest rates in Achalpur today
Gold loan affordability mainly depends on the interest rates, and with Bajaj Finance, you get one of the best in the market — starting from 9.50% to 24% per year.
By checking the interest rates in advance, you can plan your finances with ease and avoid any surprises. You will always know exactly what your repayment schedule looks like, with no hidden fees or extra costs along the way.
Here’s a quick look at the fees and charges that apply to 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 Achalpur
Curious about how much loan you can get with a gold loan in Achalpur? It all depends on your gold’s purity, weight, and the current gold rates.
With Bajaj Finance, you can easily figure this out using the online
calculator for gold loan. It gives you a clear idea of how much you can borrow even before you visit a branch. Here’s how you can use it:
- • Enter the gold weight or loan amount you need.• Select your gold’s purity in carats.• Get an estimate of your loan amount based on today’s gold rates.• Check the expected interest rate and loan tenure.
This simple tool helps you plan better and apply for a gold loan confidently. By entering just a few details, you will instantly see the eligible loan amount, required gold weight, interest payable, and repayment schedule. It is quick, transparent, and helps you stay prepared!
Repayment options for gold loans in Achalpur
At Bajaj Finance, we know that your financial needs are unique, and we want to make things easier for you. That's why we offer several flexible repayment options for your gold loan in Achalpur, so you can pick the one that suits you best.
Here’s a quick look at the choices available to you:
- Monthly – Pay the interest every month.
- Bi-monthly – Make payments 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 choose whichever option feels most convenient for you. Just remember, at the end of the loan term, you will need to clear both the principal amount and any outstanding interest. These convenient repayment options are designed to help you manage your gold loan with ease and peace of mind.
Why choose Bajaj Finance to avail a gold loan in Achalpur?
If you are looking for a gold loan in Achalpur, Bajaj Finance is a great option for you. It offers a simple process and ensures you get a fair value for your gold jewellery.
- Quick approval: You can get your loan with just one visit to the branch*.
- High loan value: Borrow up to 75% of your gold's value.
- Safe storage: Your gold will be safely stored in secure lockers and fully insured.
- Multiple repayment options: Choose from multiple repayment options that suit your convenience.
- Minimal paperwork: Just one KYC document is all you need to get started.
Bajaj Finance makes the gold loan process smooth and stress-free. Whether you need the loan for a medical emergency or another personal need, it’s quick, secure, and reliable.
Uses of loan against gold in Achalpur
If you are in Achalpur and need quick access to funds, a gold loan could be the perfect solution. It allows you to address both urgent and planned expenses without the stress of complicated paperwork or long waiting times. Here are a few ways you can typically use your gold loan:
- • Paying for school or college fees to avoid interruptions in education.• Covering unexpected medical expenses or hospital bills.• Taking care of home repairs or renovations to maintain your house.• Managing costs for family celebrations like weddings, anniversaries, or birthdays.
A gold loan is a practical way to make use of your jewellery's value without selling it. So, the next time you are facing an urgent expense, remember that a gold loan in Achalpur can offer the financial support you need, while keeping your precious ornaments safe.
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