Rs. 5,000 - Rs. 2 crore
To find the nearest gold loan branch in Erode,
Enter phone and OTP | Check amount you can get | Apply for quick funds
Understanding gold loan in Erode
In Erode, gold is not just jewellery; it is a part of tradition, culture, and security. Families here treasure their gold for weddings, festivals, and special occasions, but it also serves as a financial backup in times of need. A gold loan in Erode lets you use your ornaments to get quick funds without selling them. The process is simple – pledge your gold, submit basic documents, and receive money in your bank account in just one branch visit. Bajaj Finance offers gold loan per gram, competitive interest rates, convenient repayment options, and complete transparency, making it an easy and stress-free way to access funds when you need them most.
Why is gold loan a feasible borrowing mode in Erode?
Gold loans are one of the most popular ways to borrow in Erode because they are quick, convenient, and secure. You do not lose ownership of your jewellery; it stays safe in secure vaults while you get the funds you need. With minimal paperwork and instant approvals, a gold loan is perfect for handling emergencies or planned expenses. The Bajaj Finserv Gold Loan makes it even better with amounts starting from Rs. 5,000 to Rs. 2 crore, along with interest rates as low as 9.50% to 24% p.a. If you want a simple, transparent, and convenient way to borrow, a gold loan in Erode is the smart choice.
Benefits and features of gold loans in Erode
Here are some benefits of taking gold loans in Erode:
- Part-release facility
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. - Transparent evaluation
We use the most advanced karat metres across all our branches to make sure you get the most value for your gold. - Free insurance for 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 representatives 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 to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you. - 1100 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.
Pro-tip: It takes just 2 steps to check your eligibility for a Bajaj Finserv Gold Loan. Enter your mobile number now.
Gold loan calculator in Erode
Want to know how much you can get for your gold in Erode? The Bajaj Finserv Gold Loan Calculator makes it super easy. It is an online tool designed to give you quick and accurate estimates in just a few clicks. All you need to do is enter your gold’s weight or the amount you want to borrow, and the calculator instantly shows you the loan amount you can get. It even factors in the gold loan rate per gram, so you know exactly what to expect. This simple tool saves time and helps you plan better. No guesswork, no confusion—just clear numbers right when you need them.
Why choose Bajaj Finance to avail a gold loan in Erode?
If you are looking for a gold loan in Erode, Bajaj Finserv Gold Loan emerges as a popular financial option. Why? Because the process is super simple and quick. With minimal paperwork and an easy application process, you can get approval in no time. Funds are disbursed instantly, which is perfect when you need money urgently. On top of that, Bajaj Finance offers multiple repayment options, so you can choose what suits you best. Everything is transparent—no hidden charges, no surprises. Plus, your gold stays safe in secure vaults. With all these benefits, Bajaj Finance is the go-to choice for getting a gold loan in Erode.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
Know more about Gold Loans in Indian states and Union Territories
Gold Loan in Tamil Nadu | Gold Loan in Erode |
Gold Loan in Chandigarh | Gold Loan in Kerala |
Know more about gold loans in other major cities
Fees and charges applicable on gold loan
With us, you can get a gold loan interest rate starting at just 9.50% per annum. You can stay assured of zero hidden charges with our 100% transparent terms and conditions.
Know all about our fees and charges before applying.
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. |
Cash deposit charges | - |
PG facility charges | - |
Part-prepayment charges | NIL |
Foreclosure charges | - |
Auction charge | - |
Eligibility criteria and documents required for a gold loan
Any Indian citizen can apply for a gold loan for farming, medical emergencies and more, as long as they meet the basic eligibility criteria. To be eligible, you need to be between the ages of 21 to 70 years and have 18-22 karat to pledge. You need to submit any one of the basic KYC documents to complete your application process.
Documents required to get gold loans in Erode
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
Though the PAN card is not a mandatory requirement, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card as well.
Tip: Turn your gold into instant support—handle any expense with ease. Check your gold loan eligibility and access funds when you need them most.
How to apply for a gold loan in Erode?
To apply, you can either visit the nearest gold loan branch or apply online via the Bajaj Finserv App or webwsite.
Here is a detailed guide to apply for a gold loan online.
- Click on ‘APPLY’ located 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.
- Enter your personal details and find the branch nearest to you.
- Download the in-principal eligibility letter.
Once done, you will receive a call from our representative to confirm your appointment and guide you on the next steps.
Ready to unlock the value of your gold? Apply for Bajaj Finserv Gold Loan today.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.