Chennai, the capital city of the Indian state of Tamil Nadu, is known for its vibrant culture, and as a major hub for technology and manufacturing industries. Chennai, with its picturesque beaches and thriving arts scene, adds an extra layer of charm to its dynamic urban landscape, making it a multifaceted destination for residents and visitors alike.
Chennai boasts a storied history of gold trading, hosting some of India's largest and oldest gold markets. This highlights city's affection for gold is evident through the many jewellery stores and markets featuring a diverse array of gold jewellery, encompassing both traditional and contemporary designs.
Gold loan in Chennai
Against this backdrop, gold loans have become a favoured and convenient financial solution for the residents of Chennai, offering individuals a flexible and straightforward way to access funds without having to part with their valuable jewellery. With competitive gold loan interest rates in Chennai, this option stands out as a preferred choice for those seeking quick and hassle-free financial assistance.
If you need quick funds, consider the hassle-free option provided by Bajaj Finserv Gold Loan, allowing you to borrow amounts ranging from Rs. 5,000 to Rs. 2 crore at interest rates starting from just 9.50% p.a.. Our gold loan caters to both planned and unplanned expenses, offering various benefits such as:
- Part-release facility
Utilising our part-release facility, you have the option to repay a portion of your loan and retrieve a section of your gold jewellery before the conclusion of your loan tenure. - No part-prepayment or foreclosure fee*
Settle a portion of your loan prematurely or clear the entire amount with no additional charges. - Transparent evaluation
We utilise best-in-class karat metres across all our branches to ensure that you receive the utmost value for your gold. - Free insurance of gold
Our free insurance provides coverage against theft or misplacement of your gold jewellery while it is in our custody. - Convenient repayment options
We offer multiple repayment options, allowing you to choose from monthly, bi-monthly, quarterly, half-yearly, or annual payments based on your convenience. It is important to note that the principal amount and any pending interest, if applicable, will be due for payment at the time of loan maturity. - Easy application process
You can apply for a gold loan online. Our representative can help you with your application when you visit our Gold Loan branch in your city. - Gold loan of up to Rs. 2 crore
We provide instant gold loans from Rs. 5,000 up to Rs. 2 crore. You can select the amount that aligns with your preferences from the options provided. - 800 branches and growing
We have inaugurated 60 new branches recently and continue to expand our presence throughout India. Additionally, we are actively establishing new branches in the cities where we are currently operational.
Eligibility criteria and documents required to apply for gold loans in Chennai
Individuals can apply for a gold loan to meet various needs such as farming, business requirements, medical emergencies, and more, as long as they fulfil the essential eligibility criteria. The eligibility entails being an Indian citizen within the age bracket of 21 years to 70 years. To complete the application process, you are required to submit any one of the following KYC documents:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- A letter issued by the National Population Registration
Though the PAN card is not compulsory, if you apply for a gold loan of Rs. 5 lakh or above you will be required to submit your PAN card as well.
Gold loan interest rates and charges in Chennai
Through our services, secure a gold loan at an interest rate commencing at 9.50% per annum. Rest assured, our 100% transparent terms and conditions guarantee no concealed charges.
Know all about our fees and charges before applying.
Gold loan calculator
The Bajaj Finserv Gold Loan Calculator is an online tool that you can use to calculate your gold loan interest rate and loan term. Utilising our gold loan calculator offers a key benefit as it furnishes accurate loan estimates derived from the gold loan rate per gram. This tool streamlines the process: simply input your gold's weight or desired loan amount, and it promptly generates an estimate of the maximum available loan amount.
Why choose Bajaj Finance to avail a gold loan in Chennai?
Bajaj Finance provides a straightforward application process, demanding minimal documentation and ensuring swift approval, positioning it as an optimal choice for individuals in immediate need of funds. With added advantages such as multiple repayment options and transparent terms, we guarantee a smooth and customer-centric borrowing experience.
How to apply for a gold loan in Chennai?
Here is a step-by-step guide to apply for a gold loan
- Click on ‘APPLY’ at the top of this page 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
Once you fill out the online form, you will receive a call from our customer representative to confirm your appointment and guide you on the next steps.
Gold loan in other cities
Visit the nearest Bajaj Finserv Gold Loan branch in your city.
