Features and benefits of gold loans in Surat
- Part-release facility
With our gold loan 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.
- Quick approval and disbursal
Get fast approval and disbursal with minimal paperwork. A gold loan ensures you receive funds quickly, often within 24 hours*, making it ideal for urgent financial requirements.
Why is gold loan verification important?
Gold loan verification is a crucial step that ensures both the lender and borrower are protected during the loan process. Verification helps lenders assess the authenticity and purity of the gold being pledged. It also determines the loan amount that can be sanctioned based on the current market value. For borrowers, this step assures transparency and trust, as they receive a fair valuation for their gold. Accurate verification reduces the chances of disputes later and safeguards against fraudulent transactions. This process also ensures the gold pledged meets the minimum purity standards (18-22 karats) required for loan approval. Overall, gold loan verification is essential to maintain trust, ensure proper documentation, and provide a secure borrowing experience.
How lenders verify the purity of gold for loans
Lenders follow a standardised process to check the purity of gold before approving a loan. Typically, they use a non-destructive method such as XRF (X-ray fluorescence) testing to examine the gold without causing any damage. This method accurately detects the karat value, usually ranging between 18-22 karat, which helps determine the loan eligibility and amount. In addition to purity, the lender also checks the weight of the jewellery after removing any stones or non-gold attachments. Once verified, the gold is securely stored until the loan is repaid. This thorough verification ensures the borrower gets a fair value for their gold and enables the lender to mitigate the risk involved.
Dos and don’ts during gold loan verification
To ensure a smooth verification process when applying for a gold loan, there are certain do’s and don’ts to follow.
Do’s:
- Carry valid ID and address proof for documentation.
- Ensure the gold jewellery is clean and free from stones or other embellishments.
- Be present during the evaluation for transparency.
- Ask questions about the purity test and loan value offered.
Don’ts:
- Do not provide gold that is below 18 karats, as it may not be accepted.
- Avoid submitting fake or altered jewellery, as it could lead to loan rejection.
- Do not conceal any details regarding ownership or source of the gold.
Following these tips can help speed up the process and improve your chances of loan approval.
How to apply for a gold loan in Surat?
Applying for gold loan in Surat is a simple process. To apply online, just follow these few simple steps:
- Click on ‘APPLY’ located at the top of this page to open our online application form.
- Enter your 10-digit mobile number and click on ‘GET OTP’.
- Submit the OTP to verify your identity.
- Select your state and city to find the branch nearest to you.
- Enter your full name and date of birth as per your PAN.
- 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.
Eligibility criteria to avail gold loans in Surat
The eligibility criteria for gold loans in Surat are straightforward, making this form of financing easily accessible. Here are the basic gold loan eligibility criteria you need to meet:
- You must be between an Indian citizen, between 21 to 70 years of age.
- You need to own gold jewellery of 18-22 karat purity to pledge as collateral.
- There are no restrictions based on employment type—salaried individuals, homemakers, and self-employed persons can apply.
As gold serves as collateral, the focus is not heavily on your credit score or income level. This makes a gold loan in Surat easily accessible, even for those who may not meet the criteria for other types of loans. It provides a convenient financing option for a wider group of individuals, including those with limited credit history.
Documents required to get gold loans in Surat
- 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 Surat
With us, you can get a gold loan interest rate 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 gold loan interest rates and charges before applying.
How to calculate your gold loan in Surat
A gold loan calculator is a convenient online tool designed to help you estimate the loan amount you can receive against your gold. By entering simple details such as the weight and purity (karat value) of your gold, the calculator uses the current gold rate in India to provide an instant loan estimate. You can also include your preferred interest rate and tenure to understand your repayment schedule more clearly.
This tool makes it easier to plan your finances in advance, especially if you are considering applying for a gold loan. It ensures transparency by giving a clear view of your loan eligibility and expected repayments, helping you make well-informed financial decisions.
Why it is useful:
- Provides quick loan estimates based on gold weight and purity
- Easy-to-use interface with minimal data required
- Offers a transparent loan and repayment overview
- Accessible online 24/7, from anywhere
How to use the gold loan calculator:
- Enter the total gold weight in grams
- Choose the purity (18K, 22K, or 24K)
- Get an estimated loan amount
- Adjust interest rate and tenure to view repayment info
This calculator is ideal for anyone in Jamshedpur looking to know how much loan they can avail of against their gold.
Why choose Bajaj Finance to avail a gold loan in Surat?
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 Surat.
Why is gold loan a feasible borrowing mode in Surat?
Availing a gold loan in Surat 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 Surat 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.
Uses of loan against gold in Surat
A loan against gold in Surat offers a quick and reliable way to access funds by pledging your gold jewellery. This type of loan is especially helpful for individuals looking to meet immediate financial needs without selling their gold. With minimal paperwork and fast processing, a gold loan in Surat is ideal for those who want quick access to funds.
One of the common uses of a gold loan is to manage personal expenses, such as medical emergencies, family events, or unexpected travel costs. It can also help cover educational expenses like school or college fees, especially during the start of an academic year. Many individuals in Surat also use gold loans to renovate their homes, buy essential appliances, or fund daily living costs during temporary income gaps.
Additionally, since the loan is secured by gold, lenders usually offer flexible repayment options and competitive interest rates. This makes it a convenient and cost-effective choice. Importantly, borrowers retain ownership of their gold, which is returned once the loan is repaid in full.
If you are in Surat and have gold jewellery, you can unlock its value without parting with it. Check your eligibility for a gold loan in Surat and get started today.
Bajaj Finserv Gold Loan branches in Surat
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Visit the nearest Bajaj Finserv Gold Loan branch in your city.
