Gold Loan in Shimla

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

Shimla, a busy tourist city in the northern part of India, is famous for its lively culture and interesting history. Nowadays, more people in the city are showing interest in gold, considering it a traditional and safe way to invest money. The growing popularity of gold in Shimla is seen in its importance in weddings, and festivals, and as a symbol of wealth, making it a valuable asset for the people living there.

Gold loan in Shimla

The ever-increasing demand for gold in Shimla has given way to gold loan services, providing residents with an easy way to unlock the value of their gold assets during periods of urgent financial requirements. These gold loan services play a crucial role in supporting the local economy by offering a quick and accessible financial solution to the residents of Shimla.

If you need immediate financial assistance, the Bajaj Finserv Gold Loan offers an easy and hassle-free option. You can get 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 take care of your expenses with great ease. Our gold loan offers several benefits such as:

  • 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 best-in-class karat meters 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 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. When the loan term ends, you'll be required to pay back the borrowed amount along with any outstanding interest.
  • 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.
  • 800 branches and growing
    We have recently 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 Shimla

All Indian citizens aged between 21 years and 70 years can apply for a gold loan for their business needs, farming, medical emergencies and more. They just need to meet the basic eligibility criteria. You can get a loan by submitting 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

While a PAN card is not necessary, if you request a gold loan of Rs. 5 lakh or more, you'll be required to provide your PAN card.

Gold loan interest rates and charges in Shimla

With us, you can get a gold loan interest rate starting at just 9.50% per annum. We have zero hidden charges and 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. Our gold loan calculator is a useful tool because it provides precise loan estimates based on the gold loan rate per gram. Using the calculator is direct – simply input your gold's weight or the desired loan amount, and it instantly displays the maximum loan amount you can receive.

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

Applying for a gold loan with Bajaj Finance is a simple and quick process. It is perfect for funding urgent cash requirements as you need minimal paperwork and get fast approvals. We also provide flexible repayment choices ensuring a smooth borrowing experience. This makes Bajaj Finance the ideal option for obtaining a gold loan in Shimla.

How to apply for a gold loan in Shimla?

Here is a step-by-step guide to apply for a gold loan

  1. Click on ‘APPLY’ located at the top of this page 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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Visit the nearest Bajaj Finserv Gold Loan branch in your city.

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

When should you apply for a gold loan in Shimla?

You should apply for a gold loan in Shimla 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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