Benefits and features of gold loans in Salem
- 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 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. We are also opening new branches in the cities that we operate in.
How to apply for a gold loan in Salem?
By understanding these steps and being aware of the main benefits and terms, you can effortlessly secure a gold loan in Salem to meet your financial requirements with ease.
- Click on ‘APPLY’ to open our online application form.
- Enter your 10-digit mobile number and click on ‘GET OTP.’
- Submit the OTP to verify your identity.
- Submit the OTP to verify your identity.
- Fill in your personal details and select the nearest gold loan branch.
- Download the loan eligibility letter.
After that, one of our representatives will call you to confirm your appointment and explain the next steps.
Eligibility criteria to avail gold goans in Salem
Anyone can apply for a gold loan for farming, business needs, medical emergencies and more, as long as they meet the basic eligibility criteria. 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 basic KYC documents for gold loan to complete your application process.
Documents required to get gold loans in Salem
- 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 Salem
Bajaj Finance offers attractive and competitive rates for customers looking to apply for a gold loan. You can avail of a gold loan interest rate starting from just 9.50% to 24% per annum, making it a cost-effective option to meet your financial needs. One of the key benefits of choosing Bajaj Finance is our 100% transparent policy—there are no hidden charges involved at any stage of the process. Everything is clearly explained upfront, so you know exactly what to expect.
Before applying, it is important to understand the complete structure of applicable fees and charges. To know more, visit our detailed page on gold loan interest rate and charges. This helps you make an informed decision and ensures a smooth and worry-free borrowing experience.
How to calculate gold loan in Salem?
If you are planning to apply for a gold loan in Salem, using our online gold loan calculator is a simple way to know how much loan amount you can get. This free online tool helps you estimate the loan amount based on the weight and gold loan purity. It also shows you the interest rate and repayment options, so you can plan better. Here is how you can use it:
- Enter the weight of your gold jewellery in grams.
- Choose the purity of gold, like 18K, or 22K.
- The calculator will show the estimated loan amount based on the prevailing gold rate.
- You will also see the interest rate and loan tenure available.
This tool is quick, easy to use, and helps you understand your eligibility before applying. Whether you are borrowing for an emergency or personal need, the gold loan calculator makes the process smooth and clear for Salem residents.
Why is gold loan a feasible borrowing mode in Salem?
Availing a gold loan in Salem is a popular choice for many residents seeking quick and hassle-free financial assistance. These loans offer flexibility and convenience, allowing individuals to leverage their gold assets without relinquishing ownership. With transparent terms and minimal documentation requirements, gold loans in Salem provide a convenient solution for meeting various financial needs, from emergency expenses to investment opportunities.
So, if you are looking for quick funds, the Bajaj Finserv Gold Loan offers you an easy and hassle-free option. You can avail funds starting from Rs. 5,000 up to Rs. 2 crore with interest rates starting at just 9.50% p.a. With our gold loan, you can meet all your planned and unplanned expenses with great ease. Our gold loan offers several benefits.
Repayment options for gold loan in Salem
Bajaj Finance offers multiple repayment options for gold loans in Salem, making it easier for borrowers to manage their finances comfortably. Here are the key repayment choices you can consider:
- Various repayment options: You have the flexibility to repay your gold loan monthly, bi-monthly, quarterly, half-yearly, or annually—whichever fits your financial situation best.
- Lump-sum payment at maturity: You can opt to pay the entire loan amount along with any outstanding interest by the end of the loan term, giving you greater flexibility during the tenure.
- Prepayment and foreclosure without fees: You are allowed to repay or settle your loan early at any time without incurring any additional charges.
These options allow you to pick a repayment plan that fits your income and cash flow, ensuring stress-free loan management in Salem.
Why choose Bajaj Finance to avail a gold loan in Salem?
Bajaj Finance offers a hassle-free application process, requiring minimal documentation and ensuring quick approval, making it an ideal choice for those in urgent need of funds. With additional benefits like multiple repayment options and transparent terms, we ensure a smooth and customer-focused borrowing experience, making it the preferred choice for availing of a gold loan in Salem.
Visit your nearest gold loan branches
Know more about gold loans in Indian States and Union Territories
Know more about gold loan in other cities
Visit the nearest Bajaj Finserv Gold Loan branch in your city.
