Gold Loan in Mumbai

Here’s a comprehensive guide on how to get gold loans in Mumbai.
Gold Loan in Mumbai
2 min read
08 February 2024

Mumbai, the capital city of Maharashtra now stands as the financial capital of India. It is one of the busiest and fastest-growing cities in India lovingly called the city of dreams. Renowned for its vibrant culture, historical landmarks, delicious cuisine, and lively nightlife, Mumbai is a hub for commerce, trade, and tourism with a population exceeding 20 million.

With a rich history of gold trading and some of India's largest and oldest gold markets, Mumbai exudes an unmistakable fondness for this precious metal. From traditional jewellery stores to modern boutiques, Mumbai offers a diverse array of gold jewellery, catering to every taste and budget. For those in need of financial assistance, gold loans in Mumbai provide a convenient solution. Whether it is for managing urgent expenses, or fulfilling personal needs, gold loans offer quick access to funds against the security of gold jewellery, making them a popular choice among Mumbaikars.

Gold loan in Mumbai

In the dynamic city of Mumbai, gold loans have become a popular and convenient financial solution. Offering flexibility and ease, gold loans are the preferred choice for individuals in need of quick funds without having to part with their precious jewellery.

So, if you require rapid funds, consider Bajaj Finserv Gold Loan for an easy and hassle-free option. You can access funds ranging from Rs. 5,000 to Rs. 2 crore with interest rates starting at just 9.50% per year. Our gold loan provides a simple way to meet all your planned and unplanned expenses with several benefit

  • Part-release facility
    Repay a portion of your loan to retrieve part of your gold jewellery before the loan tenure concludes with our 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 instant 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.
  • 800 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 to apply for gold loans in Mumbai

As long as you meet the eligibility criteria, you can apply for a gold loan for agricultural activities, business needs, medical emergencies, and urgent fund requirements. You just need to be an Indian citizen between the ages of 21 years to 70 years. You 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

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.

Gold loan interest rates and charges in Mumbai

With us, you can get a gold loan in Mumbai with interest rates 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.

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. A key benefit of utilising our gold loan calculator is its ability to offer accurate loan estimates based on the gold loan rate per gram. This tool simplifies the process – just enter your gold's weight or the desired loan amount, and it instantly provides an estimate of the maximum loan amount available.

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

Applying for a gold loan with Bajaj Finance is effortless, involving minimal documentation and ensuring swift approval, making it an excellent option for those urgently in need of funds. With added advantages such as various repayment options and transparent terms, we guarantee a smooth and customer-centric borrowing experience, establishing it as the preferred choice for obtaining a gold loan in Mumbai.

How to apply for a gold loan in Mumbai?

Here is a simple guide to applying for a gold loan in Mumbai:

  1. Click on 'APPLY' at the top of this page to access our online application form.
  2. Enter your 10-digit mobile number and click on 'GET OTP.'
  3. Submit the OTP to verify your identity.
  4. Choose your state and city to locate the nearest branch.
  5. Input your full name and date of birth as per your PAN.
  6. Schedule your appointment at our branch.

Once completed, you will get a call from our representative to confirm your appointment and provide guidance on the next steps.

Gold loan in other cities

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Gold Loan in Panipat

Gold Loan in Bhopal

Gold Loan in Vadodara

Gold Loan in Solapur

Gold Loan in Amritsar

Gold Loan in Salem

Gold Loan in Mysore

Gold Loan in Udaipur

Visit the nearest Bajaj Finserv Gold Loan branch in your city.


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*Terms and conditions apply

Frequently asked questions

When should you apply for a gold loan?

You should apply for a gold loan when you need money for your planned or unplanned expenses. A gold loan is a form of a secured loan. It may be a good option if you already have an ongoing loan. You can apply for one by pledging the gold jewellery you may have at your home.

Walk into the nearest Bajaj Finserv Gold Loan Branch in your city. You can also start by completing the simple application form on the Bajaj Finserv website.

Can you get a gold loan on jewellery?

Yes, you can get a loan against gold jewellery at an attractive interest rate. Bajaj Finserv gold loan interest rates start from 9.50% p.a. onwards. To get a loan against gold, click on the ‘APPLY’ option on the top of this page. You could also walk into the nearest Bajaj Finserv Gold Loan branch in your city.

How do fluctuations in gold prices impact your gold loan?

Fluctuations in gold prices directly influence your gold loan value. As the gold price changes, so does the collateral's worth, affecting the loan amount. It's essential to monitor the gold rate to understand these variations and make informed decisions about your gold loan, ensuring financial stability.

How can you repay your gold loan?

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 for your loan against gold, if any, will be due for payment at the time of loan maturity.

How to get a gold loan?

Getting a loan against your gold jewellery is one of the easiest ways to meet any unplanned expense. To get a gold loan from Bajaj Finance, you can apply online, and we will call you and guide you on the next steps or you could simply visit the nearest gold loan branch in your city. To apply for an online gold loan, you need to follow the below mentioned steps:

  1. Click on ‘APPLY’ to open our online application form
  2. Enter your 10-digit mobile number and click on ‘GET OTP’
  3. Submit the OTP to verify your identity
  4. Select your state and city to find the branch nearest to you
  5. Enter your full name and date of birth as per your PAN
  6. 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.

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