If you are someone seeking quick funds, a gold loan is a convenient and easy way to get the funds without parting with the ownership of your gold jewellery. You can use the funds to meet your planned or urgent needs like medical expenses, education fees, or home repairs with ease.
An added 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: If you ever find yourself in a situation where you need part of your gold back, we offer a part-release option. You can pay back a portion of your loan and get some of your jewellery back, even before your loan term ends. This gives you the flexibility to manage your gold and loan repayment better without waiting for the full tenure to be over.
- No foreclosure charges: We understand that situations can change, and sometimes you might want to close your loan early. With us, you do not have to worry about paying any extra fees for early closure. You can settle your loan ahead of time without incurring any foreclosure charges, making it easier for you to get back on track financially when you're ready.
- Accurate gold check: We make sure you get the correct value for your gold by using advanced karat meters. This means we will assess your jewellery’s true worth and offer you a fair loan based on its precise value, so you don’t have to worry about underestimations or inaccurate valuations.
- Free insurance: While your gold is with us, it’s safe and fully insured. This added layer of protection means you don’t have to worry about the security of your jewellery, giving you peace of mind while your gold is held as collateral for the loan.
- Convenient repayments: We offer a variety of repayment options to make it easier for you to manage your loan. You can choose to pay monthly, bi-monthly, quarterly, half-yearly, or even once a year. The great part is that you only need to pay the principal amount or pending interests at the end of your loan tenure, so you have plenty of time to sort out your finances before making the final payment.
- Easy process: Applying for a loan with us is simple. You can apply online from the comfort of your home or visit a branch, and we will guide you through every step of the process. Whether it's your first loan or you are an experienced borrower, we make sure it's easy for you to get the funds you need.
- Loan renewal: When your loan term is about to end, we give you the option to renew it, provided your loan-to-value (LTV) ratio meets the necessary requirements. If you need more time, this renewal can be a great way to extend your financial support.
- Top-up option: If you need more funds before your loan term ends, you can apply for a top-up loan, as long as your LTV ratio is within the permissible limits and your credit score is in good standing. However, keep in mind that top-ups are not available after the loan has matured and there are still outstanding dues.
With a gold loan in Adityapur, 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 Adityapur
If you are in Adityapur and looking for a quick way to get funds, getting a gold loan with us is simple and hassle-free. You only need to follow a few easy steps, and we will take care of the rest. With minimal paperwork and a smooth process, you can get the money you need without any stress, just when you need it the 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.
- Download loan eligibility letter.
Once done, our representative will connect with you to walk you through the next steps.
An instant gold loan can be a real lifesaver during unexpected times—whether it’s a medical emergency, school fees, or urgent home repairs. We are here to support you at every step, making sure the entire process stays smooth and worry-free. So, you are looking for quick funds, check your gold loan eligibility today!
Eligibility criteria to apply for a gold loan in Adityapur
Thinking of getting a gold loan in Adityapur? First, you will need to check if you meet the eligibility criteria – but do not worry, it is really simple! With us, you only need to fulfil a few basic requirements to get started:
- 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.
And that is it! You do not need a high credit score because your gold jewellery is the security for the loan. Whether you are a homemaker, a salaried employee, or run a small shop in Adityapur, you can get the funds you need without any trouble.
If you have gold jewellery at home and need some quick cash, this is one of the easiest ways to borrow. Just bring your gold and KYC documents—we will handle the rest!
Documents required for gold loan in Adityapur
The paperwork for a gold loan is really simple, especially when you compare it to other types of loans. To get started, you only need to provide one basic KYC documents for gold loan for verification. It is a quick and easy step, making the whole process smoother for you right from the beginning:
- Aadhaar Card
- Voter ID Card
- Passport
- Driving Licence
- NREGA Job Card
- Letter Issued by National Population Registration
You do not need a PAN card to apply, but if you are looking for a loan above ₹5 lakh, we will need your PAN details. This flexibility makes a gold loan a practical choice for many people in Adityapur, especially if you find it difficult to qualify for regular loans. It’s an easy way to access funds without too many requirements.
Gold loan interest rates in Adityapur today
When it comes to making a gold loan affordable, the interest rate plays a big role. With us, you get competitive interest rates starting from 9.50% to 24% per year.
By checking the gold interest rate in advance, you can plan your finances with ease and avoid any surprises. You will always know exactly what your repayments will look like, with no hidden charges or unexpected 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 annum on Outstanding Balance. Penal Charge will be over and above the interest rate 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 Adityapur
Wondering how much you can borrow with a gold loan in Adityapur? It really comes down to your gold’s purity, weight, and the prevailing gold rates. The best part is, you do not have to guess. With us, you can use the online calculator for gold loan to get a quick estimate. It helps you know how much you could get, even before stepping into 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 handy tool makes it easier for you to plan and apply for a gold loan with confidence. Just enter a few details, and you will instantly know how much loan you are eligible for, the gold weight you will need, the interest you will pay, and your repayment schedule. It is quick, clear, and helps you stay fully prepared every step of the way!
Repayment options for gold loans in Adityapur
We understand that everyone’s financial needs are different, and we want to make it easier for you. That’s why we offer multiple repayment options for your gold loan in Adityapur, letting you choose the one that works best for you.
Here’s a quick look at the choices available to you:
- Monthly: Pay the interest every month, which helps you manage smaller payments over time.
- Bi-monthly: Opt to make payments every two months, giving you a bit more time between each instalment.
- Quarterly: If you prefer, you can pay every three months, allowing for a more spaced-out repayment schedule.
- Half-yearly: For those who want to make fewer payments, you can choose to pay twice a year, providing longer intervals between each payment.
- Annual: If you prefer making fewer payments throughout the year, you can choose to pay once a year, helping you manage your finances in a more streamlined way.
You can pick the repayment option that works best for you. Just keep in mind that at the end of your loan term, you will need to pay off both the principal amount and any remaining interest. These flexible options are created to make it easier for you to manage your gold loan, so you can do so with peace of mind.
Why choose Bajaj Finance to avail a gold loan in Adityapur?
If you are looking for a gold loan in Adityapur, Bajaj Finance is a trusted option. We make the entire process simple, ensuring you get a fair value for your gold jewellery while offering a range of benefits that suit your needs.
- Quick approval: You can get your loan approved with just one visit to our branch*, making the process fast and hassle-free.
- High loan value: Borrow up to 75% of your gold's value, giving you the financial support you need when you need it the most.
- Safe storage: Rest easy knowing your gold will be stored securely in lockers and fully insured while it's with us.
- Multiple repayment options: We offer a variety of repayment options, allowing you to choose what works best for your financial situation, whether it’s monthly, quarterly, or yearly.
- Minimal paperwork: Getting started is easy with just one KYC document required, so you can quickly get the loan process moving.
At Bajaj Finance, we aim to make your gold loan experience as smooth and stress-free as possible. Whether you need the loan for an urgent medical emergency, education, or any personal need, we offer a quick, secure, and reliable solution that you can trust. If you are looking for quick funds, check your gold loan eligibility now by entering your mobile number and see your offer.
Uses of loan against gold in Adityapur
If you are in Adityapur 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 Adityapur can offer the financial support you need, while keeping your precious ornaments safe.
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