Gold Loan in Kerala

Understanding gold loan in Kerala

Gold plays an important role in households across the state, both emotionally and financially. Understanding gold loan in Kerala helps you see how pledging your gold jewellery can give you quick access to funds without selling it. The loan amount is based on the purity and weight of your jewellery and the prevailing gold rate. Many people in Kerala prefer gold loans because the process is simple, paperwork is minimal, and disbursal is fast. The funds can be used for personal needs such as medical expenses, education costs, or household requirements. With flexible repayment options and secure storage of your gold, a gold loan in Kerala offers a reliable and stress-free borrowing solution.

Features and benefits of gold loan in Kerala

Our gold loan ensures you meet both planned and unforeseen expenses effortlessly, providing various benefits such as:

• Part-release facility: Repay a portion of your loan to retrieve part of your gold jewellery before the loan tenure concludes with our gold loan part release facility.
• No part-prepayment or foreclosure fee*: Settle a part of your loan early or the entire amount without incurring additional costs.
• Transparent evaluation: Utilising top-notch karat metres ensures you receive the utmost value for your gold at all our branches.
• Free gold insurance: Safeguard your gold jewellery against theft or misplacement while in our custody with our complimentary insurance.
• Convenient repayment options: Choose from multiple repayment frequencies—monthly, bi-monthly, quarterly, half-yearly, or annually—based on your convenience.
• 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 gold loans starting from Rs. 5,000 up to Rs. 2 crore. You can select the amount that suits your requirements from the offer extended to you.
• 1100 branches and growing: We currently opened 60 new branches and are adding more across India in the cities that we operate in.

Eligibility criteria and documents required for gold loans in Kerala

Any Indian citizen aged between 21 to 80 and have 18-22 karat gold to pledge, can apply for a gold loan for various purposes. You would also need to submit one of the following KYC documents to complete the application process:

• Aadhaar card
• Voter ID card
• Passport
• Driving licence
• NREGA job card
• Letter issued by National Population Registration

While the PAN card is not mandatory, applicants seeking a gold loan of Rs. 5 lakh or above may be required to submit it.

Gold loan interest rates and charges in Kerala

In Kerala, you can benefit from highly competitive gold loan interest rates that start at just 9.50% to 24% per annum. Our offerings come with completely transparent terms and conditions, ensuring that you never encounter any hidden charges throughout your loan process. We encourage prospective borrowers to review the gold loan interest rate and charges in detail before applying, so you have a clear understanding of your financial commitments. Our approach is designed to empower you with the knowledge needed to make informed decisions and plan your repayments effectively. With a focus on clarity and fairness, our gold loan products provide one of the most attractive and reliable deals available in the region, making your financial planning straightforward and stress-free.
 

Gold loan calculator

The Bajaj Finserv Gold Loan Calculator is an intuitive online tool that provides you with accurate estimates based on the current gold loan rate per gram. By simply entering the weight of your gold jewellery or the desired loan amount, the calculator instantly determines the maximum loan amount you can secure. This tool incorporates up-to-date interest rates and applicable charges, ensuring that you receive a precise calculation of your borrowing potential. It is an invaluable resource for planning your finances, as it offers a clear snapshot of the value of your assets and the funds available to you. By using this calculator, you can confidently assess your options and make decisions that align with your financial goals.

Before you pledge your gold, know your options. Check your gold loan eligibility and choose the right amount and tenure.

Why choose Bajaj Finance to avail a gold loan in Kerala?

Bajaj Finance is a trusted choice for gold loans in Kerala, offering a seamless and hassle-free application process tailored to meet your urgent financial needs. With minimal documentation required, our quick approval system ensures that you receive funds without unnecessary delays. We provide multiple flexible repayment options, allowing you to select a plan that best suits your financial situation. Our commitment to transparency means that all terms and conditions are clearly communicated, with no hidden charges to worry about. By choosing Bajaj Finance, you benefit from a customer-centric approach that prioritises your convenience and financial stability, making your gold loan experience both reliable and efficient.

Why is gold loan a feasible borrowing mode in Kerala?

Gold loans are a popular and feasible borrowing option in Kerala due to the state’s strong cultural affinity for gold. Many households possess gold jewellery, making it an easily accessible asset for securing funds during financial emergencies. Unlike other loans, a gold loan requires minimal documentation and is processed quickly, ensuring immediate access to funds.

The interest rates on gold loans are lower than unsecured loans like personal loans, making them more affordable. Borrowers can also choose from multiple repayment options, including interest-only payments and flexible EMI plans, based on their financial situation.

Additionally, gold loans do not impact credit scores significantly, as approval depends on the gold’s value rather than the borrower’s credit history. With a high loan-to-value (LTV) ratio of up to 75%, individuals can secure a substantial amount while retaining ownership of their gold, making gold loans a practical and convenient borrowing solution in Kerala.

Explore the Bajaj Finserv Gold Loan for seamless and hassle-free financial assistance. Avail funds ranging from Rs. 5,000 up to Rs. 2 crore with interest rates commencing at just 9.50%  p.a.

Got gold jewellery lying idle? Put it to work—check your gold loan eligibility and unlock its true value today.

Know more about gold loans in Indian states and Union Territories 

Know more about gold loans in other cities