Gold loans in Kanpur offer several attractive features and benefits. These loans have emerged as a popular and convenient financial solution. Providing both flexibility and ease, gold loans have become the preferred choice for individuals needing quick access to funds while retaining ownership of their valuable jewellery.
So, if you need quick funds, Bajaj Finserv Gold Loan provides an easy and hassle-free solution. You can get funds ranging from Rs. 5,000 to Rs. 2 crore with interest rates starting at just 9.50% per year. Our gold loan enables you to handle all your planned and unplanned expenses with great ease, providing several benefits.
- 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
To ensure you get the best value for your gold, we use top-quality karat metres in all our branches.
- Free insurance of gold
Our free insurance covers against theft or loss 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 customer 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 quick 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 just opened 60 new branches and are adding more all over India. Additionally, we are opening new branches in the cities where we already have operations.
These features and benefits make gold loans an efficient and advantageous financial solution for residents of Kanpur, ensuring they receive quick access to funds with minimal inconvenience.
How to apply for a gold loan in Kanpur?
Applying for a gold loan in Kanpur is a simple and straightforward process. Borrowers need to visit the nearest branch gold loan with their gold and required documents. Bajaj Finance will evaluate the gold based on its purity and prevailing gold rate to determine the loan amount. After the valuation, basic KYC verification is done, and once approved, the borrower receives the loan amount.
By following the steps below and understanding the benefits and requirements, you can efficiently secure a gold loan in Kanpur to meet your financial needs.
- 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 nearest branch
- Download the loan eligibility letter
Once done, you will receive a call from our representative to guide you on the next steps.
This convenience and efficiency make gold loans an accessible financial product in Kanpur.
Eligibility criteria for gold loans in Kanpur
The eligibility criteria for gold loans in Kanpur are straightforward, making this form of financing easily accessible. You just have to be between 21 to 70 years of age and own 18-22 karat worth of gold jewellery to pledge as collateral. There are no specific restrictions based on employment status, so salaried individuals, business owners, and even self-employed persons can apply. Since the gold serves as security, lenders do not place a heavy emphasis on the borrower’s credit score or income level. This simplicity makes gold loans a viable option for people from various economic backgrounds in Kanpur, particularly those who may not qualify for other types of loans.
Documents required for gold loan application in Kanpur
Applying for a gold loan in Kanpur requires minimal documentation, making the process quick and efficient.
To apply for a gold loan in Kanpur, you need to provide one of the following identification and verification documents:
- Letter Issued by National Population Registration
Though PAN card is not a mandatory document, in loans ₹ 5 lakh you are required to share the PAN card details.
Best interest rates for gold loans in Kanpur
In Kanpur, securing a gold loan with competitive gold loan interest rates is crucial for managing borrowing costs effectively. Bajaj Finserv Gold Loan offers competitive rates, starting from as low as 9.50% to 24% per annum, depending on factors like the loan-to-value (LTV) ratio, repayment tenure, and your financial profile.
With Bajaj Finance, borrowers can enjoy several benefits, including multiple repayment tenures ranging up to 12 months and a high LTV ratio of up to 75%, which maximises the loan amount based on your gold's value. The quick disbursal process ensures that funds are available promptly, supporting immediate financial needs.
By choosing Bajaj Finserv for your gold loan in Kanpur, you access a transparent, customer-focused service with tailored financial solutions. Thoroughly exploring these options ensures that you secure the most favourable rates and manage your financial commitments effectively
How to calculate gold loan in Kanpur
Thinking of applying for a gold loan in Kanpur? Make the process easier by using a gold loan calculator. This simple online tool helps you get an instant estimate of the loan amount you may receive against your gold. It saves time, removes the guesswork, and gives you better clarity.
Here is how to use it:
- Enter gold weight or loan amount – Add the weight of your gold jewellery or the amount you need.
- Select purity – Choose the gold purity in carats, as this affects how much you can borrow.
- Get instant results – Based on today’s gold price, the calculator will show you an estimated loan amount.
- View interest and tenure – It also displays the interest rate and repayment options you can choose from.
Using this calculator before applying for a gold loan in Kanpur helps you plan better. It is quick, free, and gives you a clear picture of your eligibility before you move forward.
Repayment options for gold loans in Kanpur
Gold loans in Kanpur come with multiple repayment options, allowing you to choose a plan that best suits your financial situation. You can opt for a repayment tenure on a monthly, bi-monthly, quarterly, half-yearly or annual basis. It is important to note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity. Alternatively, you can also prepay or foreclose the loan with no additional charges. These varied options help borrowers in Kanpur manage their financial obligations effectively, ensuring that gold loans remain an attractive choice.
Safety and security of gold collateral in Kanpur
In Kanpur, the safety and security of gold collateral are crucial for borrowers obtaining a gold loan. Bajaj Finance implements rigorous measures to ensure that pledged gold is securely stored. The gold is kept in state-of-the-art safety vaults under 24/7 surveillance and is covered by a complimentary insurance against theft or misplacement. This comprehensive protection ensures that the gold remains safe until the loan is fully repaid. This provides further assurance and peace of mind, making gold loans a reliable financial choice in Kanpur.
Why choose Bajaj Finance to avail a gold loan in Kanpur?
With Bajaj Finserv Gold Loan, you can get loan starting from Rs. 5,000 to Rs. 2 crore, competitive interest rates, quick processing, free insurance of gold and much more. We offer a high loan-to-value ratio, ensuring that you can get the maximise value as loan to manage your expenses easily. The loan comes with an easy application process, minimal documentation and easy eligibility criteria. You can choose to repay your loan interest on monthly, bi-monthly, quarterly, half-yearly or annual basis, as per your financial situation. With free insurance cover for the pledged gold jewellery and secure storage facilities, you can rest assured that your gold is safe. These benefits make Bajaj Finance a wise choice for gold loans in Kanpur.
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