Features and benefits of gold loans in Tirupur
Gold loans in Tirupur offer several beneficial features that make them a popular financial choice. Bajaj Finance provides a quick and straightforward approval process, ensuring that applicants receive funds promptly, often within hours of applying. If you are looking for fast access to funds, the Bajaj Finserv Gold Loan offers a hassle-free solution. You can borrow from Rs. 5,000 to Rs. 2 crore with interest rates starting from just 9.50% per annum. Here’s a look at the key features offered under our 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: To ensure you get the best value for your gold, we use top-quality karat metres in all our branches.
- Free insurance of 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. 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 customer 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 quick 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.
- 1100 branches and growing: We have just opened 60 new branches and are adding more all over India. Additionally, we are opening new branches in the cities where we already have operations.
These gold loan features make gold loan an attractive option for Tirupur residents who require fast and reliable financial assistance, whether for personal or business purposes.
How to apply for a gold loan in Tirupur?
Applying for a gold loan in Tirupur with Bajaj Finance is designed to be quick and convenient. Customers can choose to visit a nearby Bajaj Finance branch or apply online through the official website or App. Borrowers need to visit the nearest gold loan branch with their gold jewellery and required documents. The representative will evaluate the gold based on its purity and prevailing gold rate to determine the loan amount. After the valuation, basic KYC verification for the gold loan is done, and once approved, the borrower receives the loan amount.
By following the steps below and understanding the benefits and requirements, you can efficiently secure a gold loan in Tirupur online to meet your financial needs.
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.
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.
This convenience and efficiency make gold loans an accessible financial product in Tirupur.
Documents required for gold loan application in Tirupur
Applying for a gold loan with Bajaj Finance in Tirupur requires minimal documentation, simplifying the process and ensuring quick access to funds.
To apply, you need to provide any one of your basic KYC documents:
- Aadhaar Card
- Voter ID Card
- Passport
- Driving Licence
- NREGA Job Card
- Letter Issued by National Population Registration
Though PAN card is not a mandatory document, in loans ₹ 5 lakh you are required to share the PAN card details. This streamlined approach makes gold loans highly accessible, enabling a broad section of the population to benefit from fast financial support when needed.
Eligibility criteria for gold loans in Tirupur
Getting a gold loan from Bajaj Finance in Tirupur is easy because the eligibility rules are simple and open to many people. Here is what you need to know:
- Indian citizenship: To apply for a gold loan, you must be an Indian citizen. This makes the loan easily accessible to all residents of Tirupur.
- Age limit: Applicants should fall between 21 to 70 years of age. This wide range ensures that both young and older individuals can benefit from the loan.
- No need for income proof or high credit scoreBajaj Finance does not ask for salary slips or high credit scores. This makes it easier for people with limited documents to apply.
- Gold purity: You must have gold jewellery of 18-22 karat purity to pledge. The gold acts as security for the loan.
- Open to all: Whether you are salaried, self-employed, or a homemaker, you can apply. There are no restrictions based on your work type.
- Quick approvals: With minimal paperwork and simple checks, you can get fast approval. This helps when money is needed urgently.
These easy rules make gold loans from Bajaj Finance a trusted and flexible choice in Tirupur.
Best interest rates for gold loans in Tirupur
Bajaj Finance offers gold loans in Tirupur with competitive gold loan interest rates, making them a cost-effective solution for residents needing quick funds. Securing a gold loan with the best interest rate is crucial for borrowers aiming to reduce overall repayment costs. Factors like the loan tenure, amount, and gold’s purity determine the exact rate offered, allowing borrowers to make informed decisions. With clear terms and manageable gold loan interest rates, Our gold loan makes an attractive choice for those needing quick funds in Tirupur. This affordability ensures that residents do not face undue financial burden while accessing necessary liquidity. Bajaj Finserv Gold Loan offers competitive rates, starting from as low as 9.50% per annum, depending on factors like the loan-to-value (LTV) ratio, repayment tenure, and your financial profile.
Types of fee
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Applicable charges
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Interest rate
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9.50% p.a. to 24% p.a.
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Processing fees
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0.15% of the loan amount (inclusive of applicable taxes).
Subject to a minimum Rs. 99 (inclusive of applicable taxes) and maximum of Rs. 600 (inclusive of applicable taxes).
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Stamp duty (as per respective state)
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Payable as per state laws and deducted upfront from loan amount
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Cash handling charges
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Rs. 50 (inclusive of applicable taxes) applicable for cash disbursement only.
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Penal charge
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3% per annum on Outstanding Balance. Penal Charge will be over and above the interest rate which shall be applicable/chargeable in case of default in repayment of the Outstanding Dues post-maturity.
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| Convenience fee |
Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for part release of ornament(s) pledged.
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Part-prepayment charges
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NIL
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Foreclosure charges
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Nil, any time post disbursement of loan
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With Bajaj Finance, borrowers can enjoy several benefits, including multiple repayment tenures ranging up to 12 months and a high LTV ratio of up to 75%, which maximises the loan amount based on your gold's value. The quick disbursal process ensures that funds are available promptly, supporting immediate financial needs.
How to calculate gold loan in Tirupur?
If you are thinking about taking a gold loan in Tirupur, a gold loan calculator can make things very simple and clear for you. This online tool helps you understand how much money you can get based on your gold’s weight and purity. It also shows other details like interest rates and repayment options. Here is how to use it:
- Enter the gold weight or amount you want: First, type in either the weight of your gold jewellery or the amount of money you want to borrow. This helps the calculator give you the right estimate.
- Check the gold purity: Next, enter the purity of your gold in carats, like 18k, 22k, or 24k. This is important because the gold loan purity decides the amount you can borrow.
- Get your loan estimate instantly: Once you enter the weight and purity, the calculator will show the loan amount you are eligible for. It uses the latest gold rate in Tirupur to give you a quick and accurate result.
- Know your interest rate and loan duration: You can also see the interest rates and how long you can take to repay the loan. This helps you plan your payments in a smart and stress-free way.
Using the gold loan calculator is a great way to make your gold loan journey in Tirupur smooth and transparent. It saves time and helps you apply with full confidence, knowing what to expect.
Repayment options for gold loans in Tirupur
At Bajaj Finance, we know that every person has different money needs. That is why we offer easy and flexible ways to repay your gold loan in Tirupur. You can choose how often you want to pay the interest, based on what is comfortable for you.
- Monthly payments – Pay the interest every month.
- Bi-monthly payments – Pay the interest once every two months.
- Quarterly payments – Pay interest every three months.
- Half-yearly payments – Pay interest two times a year.
- Annual payments – Pay the interest once a year.
You can choose any one of these options as per your convenience. However, you need to pay the full loan amount (principal) and any remaining interest at the end of your loan period.
These flexible plans make it easier to manage your gold loan in Tirupur. Whether you want to pay more often or less often, Bajaj Finance gives you the choice that best fits your needs.
Safety and security of gold collateral in Tirupur
Bajaj Finance prioritises the safety and security of gold collateral, providing Tirupur residents with confidence and peace of mind when availing a gold loan. The security of pledged gold is a top priority. Bajaj Finance ensures that borrowers' gold jewellery is stored safely, providing peace of mind throughout the loan period.
- Gold is kept in high-security vaults with advanced surveillance.
- Complementary insurance policies protect against theft or loss.
- Privacy protocols ensure customer information remains confidential.
- Detailed documentation assures borrowers of their gold's safety.
Why choose Bajaj Finance to avail a gold loan in Tirupur?
Here are the key reasons why Bajaj Finance is a smart and safe choice for a gold loan in Tirupur:
- High loan amounts – Get a gold loan starting from Rs. 5,000 to Rs. 2 crore, based on your gold value.
- Competitive interest rates – Enjoy affordable interest rates to make repayment easy on your pocket.
- Quick processing – The application and approval process is fast, helping you get funds when you need them most.
- Easy application – Minimal documentation and simple steps make the entire process smooth
- Multiple repayment – Choose to repay interest monthly, bi-monthly, quarterly, half-yearly, or yearly.
- Free insurance cover – Your pledged gold jewellery is insured at no extra cost.
- Safe storage – Your gold is kept in secure vaults with full safety measures.
- High loan-to-value ratio – Get up to 75% of your gold’s value as loan to easily manage your financial needs.
Bajaj Finance makes getting a gold loan in Tirupur simple, safe, and stress-free.
Visit your nearest gold loan branch in Tirupur
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