Indore, known as the "Heart of Madhya Pradesh," is a culturally rich city blending history with modernity. The vibrant city boasts majestic palaces, temples, and a mix of traditional and contemporary markets, making it a delightful destination for both history enthusiasts and food lovers.
Sarafa Bazaar in Indore is a renowned gold market, coming alive in the evening with numerous shops and stalls displaying intricate gold ornaments. This centuries-old market transforms into a dazzling spectacle after dinner, attracting families for a unique night-time shopping experience. Sarafa Bazaar is not just a gold trading hub but also a cultural and social space, reflecting the city's deep-rooted traditions and economic prosperity.
Gold loan in Indore
In this context, gold loans have emerged as a widely embraced financial solution among the residents of Indore, offering a popular and convenient solution for meeting various financial needs. The flexibility and simplicity associated with gold loans make them the preferred choice for individuals seeking quick funds without giving up ownership of their valuable jewellery.
For those in need of quick funds, Bajaj Finserv Gold Loan presents a straightforward and hassle-free option. You can secure funds ranging from Rs. 5,000 to Rs. 2 crore, benefiting from competitive interest rates starting at just 9.50% per annum. This gold loan provides a seamless way to address both planned and unplanned expenses, offering various advantages such as:
- Part-release facility
With our part release facility, you can choose to repay a part of your loan and take back a part of your gold jewellery 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 accurate karat meters across all our branches to make sure you get the most value for your gold. - Free insurance of gold
Our complimentary insurance covers against theft or loss of your gold jewellery during the tenure. - Convenient repayment options
We offer a few repayment options where you can pay interest monthly, bi-monthly, quarterly, half-yearly, or annually at your ease. If any principal amount or pending interest, is remaining it will be due for payment at the time of loan maturity. - Easy application process
Apply for a gold loan online. Our representative 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 up to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you. - 800 branches and growing
We have recently opened 60 new branches and are adding more across India in the cities that we operate in.
Eligibility criteria and documents required to apply for gold loans in Indore
Any Indian citizen between the ages of 21 years to 70 years as long as they meet the basic eligibility criteria can apply for a gold loan. This loan can be used for farming, business needs, funding medical emergencies and more.
You just need to submit any one of the following KYC documents to complete your application process:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
The PAN card is not a mandatory requirement, however, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card as well.
Gold loan interest rates and charges in Indore
With us, you can get a gold loan interest rate starting at just 9.50% per annum. You can stay sure of zero hidden charges with our 100% transparent terms and conditions.
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. One of the main benefits of using our gold loan calculator is that it gives you precise loan estimates based on the gold loan rate per gram. Input your gold's weight or desired loan amount, and it provides an immediate estimate of the maximum loan amount available.
Why choose Bajaj Finance to avail a gold loan in Indore?
Bajaj Finance offers a simple application process that requires minimal documentation and ensures quick approval making it an ideal choice for those in urgent need of funds. With added benefits like multiple repayment options and transparent terms, we ensure a smooth borrowing experience, making it an ideal choice for getting a gold loan in Indore.
How to apply for a gold loan in Indore?
Here is a detailed guide to apply for a gold loan
- 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
- 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 done, you will receive a call from our 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.
