Gold Loan in Salem

Gold Loan in Salem

Here’s a comprehensive guide on benefits, interest rates, and the process to get a gold loan in Salem. Check your loan eligibility today and get the best value for your gold.

Rs. 5,000 - Rs. 2 crore

To find the nearest gold loan branch in Salem,

Enter phone and OTP | Check amount you can get | Apply for quick funds

Understanding gold loan in Salem


In Salem, gold is more than just a precious metal – it is a symbol of prosperity and tradition. From grand weddings to vibrant festivals, you will see stunning gold jewellery that showcases the city’s fine craftsmanship and artistic flair. It is a part of every celebration here.


If you ever need quick funds without parting with your gold, a gold loan in Salem from Bajaj Finance can help. Enjoy a high gold loan per gram value, competitive interest rates, and flexible repayment options to make things easier for you.


Benefits and features of gold loans in Salem


Here are the key features and benefits of gold loan: 


  • 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 to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you.
  • 1100 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.


Documents required to get gold loans in Salem


To apply for a gold loan, you need any one of the KYC documents:


  • 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.


Tip: Check your gold loan eligibility and leverage the value of your gold based on latest gold rates.


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 18-22 karat.
  • 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 to Rs. 2 crore with interest rates starting at just 9.50% to 24% 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.


Get a clear idea of your loan value by checking your gold loan eligibility. Fast approval and convenient repayment options await.


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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.

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Eligibility criteria to avail gold loans in Salem

Anyone can apply for a gold loan for farming, 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 to 70 years with 18-22 karat gold jewellery to pledge. You need to submit any one of the basic KYC documents for gold loan to complete your application process.


Quick tip: It takes just 2 steps to check your eligibility for a Bajaj Finserv Gold Loan. Enter your mobile number now.

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How to apply for a gold loan in Salem?

With us, you can apply both online and offline for a gold loan.

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.
  • 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.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.