Features
Calculator
FAQs
Videos
Rs. 5,000 - Rs. 2 crore
To find the nearest gold loan branch in Udaipur,
Enter phone and OTP | Check amount you can get | Apply for quick funds
Understanding gold loan in Udaipur
Udaipur, the beautiful City of Lakes, is not only known for its palaces and scenic charm but also for its love for gold. Here, gold is more than jewellery – it is a symbol of prosperity and tradition. During weddings and festivals, you will see people adorned in stunning gold pieces that showcase the city’s exceptional craftsmanship and artistic flair.
If you need quick funds without parting with your precious ornaments, a gold loan in Udaipur from Bajaj Finance is a smart choice. Enjoy a high gold loan per gram value, competitive interest rates, and flexible repayment options, making it simple and convenient to meet your financial needs.
Why is gold loan a feasible borrowing mode in Udaipur?
Availing a gold loan in Udaipur 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 Udaipur 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.
Benefits and features of gold loans in Udaipur
Here are some benefits of taking gold loans in Udaipur:
- No part-prepayment or foreclosure fee*
Repay a part of your loan in advance or pay the entire amount at no extra cost. - Part-release facility
With our part-release facility, you can repay a part of your loan and take part of your gold back before the end of your loan tenure.
- Transparent evaluation
We use the most advanced karat meter 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 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. - 1300 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 Udaipur
- 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.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
Gold loan calculator in Udaipur
A gold loan calculator helps you get a quick estimate of how much loan you may be able to get against your gold. You simply need to enter details such as the weight and purity of your gold, and the calculator will show an estimated loan amount. It can also give you an idea of your repayment amount based on the loan tenure and interest rate you choose.
Keep in mind that the final loan amount may be different from the estimate. With Bajaj Finance Gold Loan, the actual loan amount depends on factors such as the purity and net weight of your gold, the applicable LTV ratio, and the benchmark gold price used for valuation. This allows for a fair and transparent assessment of your pledged gold.
Bajaj Finance considers lower of the previous day’s closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to evaluate the loan amount against your gold jewellery, ornament or coin.
Why choose Bajaj Finance to avail a gold loan in Udaipur?
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 Udaipur.
Gold loan branches in Jaipur
| Gold loan in Bhinder | Gold loan in Hiranmagari sec-11 |
| Gold loan in Fatehpura | Gold loan in Hiranmagari sec-05 |
| Gold loan in Mavil | Gold loan in Saheli marg |
| Gold loan in Salumbar | Gold loan in Sunderwas |
Gold loans in other cities
Know more about gold loans in Indian states and Union Territories
| Gold Loan in Tamil Nadu | Gold Loan in Udaipur |
| Gold Loan in Chandigarh | Gold Loan in Kerala |
Gold loan interest rates and charges in Udaipur
With Bajaj Finance, you get attractive gold loan interest rates that make borrowing easier on your pocket. With us, the interest rates starts from just 9.50% to 24% per annum. Your interest is calculated based on the amount you borrow and the tenure you choose. By opting for a shorter repayment period or paying regularly, you can manage your interest outgo smartly. These rates are designed to keep your repayment stress-free while ensuring complete transparency with no hidden charges.
Here's a quick look at the basic fees and charges associated with gold loans:
| Particulars | Details |
|---|---|
| Interest rate | 9.50% to 24% per annum |
| Processing fee | 0.20% of loan amount |
| Minimum processing fee | Rs. 150 (inclusive of taxes) |
| Maximum processing fee | Rs. 1000 (inclusive of taxes) |
Not your nearest branch?
Eligibility criteria to avail gold loans in Udaipur
Meeting the gold loan eligibility criteria with Bajaj Finance is simple. You just need to be an Indian resident aged between 21 to 80 years and own 18-22 karat gold jewellery or ornaments to pledge. You can also pledge gold coins up to 24 karat purity. There is no income proof required, making the process quick and convenient. Whether you are salaried, self-employed, or a pensioner, you can apply for a gold loan easily. Your gold is evaluated for purity and weight, and the loan amount is decided instantly.
Pro tip: It takes just 2 steps to check your eligibility for a Bajaj Finserv Gold Loan. Enter your mobile number now.
Latest RBI updates
Section | Parameter | Applicable Details |
Eligibility Criteria | Gold purity accepted | 18-22 Karat for jewellery and ornaments |
24 karat for gold coins | ||
Eligible collateral types | Gold ornaments, jewellery, and coins | |
Eligible limit for each collateral type | Ornaments | Total pledged weight across all loans must not exceed 1 kilogram |
Gold coins | The total weight of gold coins pledged cannot be more than 50 grams. | |
Gold Jewellery | As per maximum loan amount. | |
Overall exposure limit | The total loan exposure across ornaments, jewellery, and gold coins together must not exceed the maximum loan limit of Rs. 2 crore. | |
Collateral protection
| Any loss, damage, or discrepancy in the quantity or purity of your pledged gold identified during audit, return, or auction will be recorded and promptly communicated to you or your legal heirs. The reimbursement or compensation process, as per company policy and SOP, will be clearly explained. Delays in collateral release due to lender fault will attract compensation of ₹5,000 per day. | |
Gold loan renewal | Renewal parameter | You can request renewal of your gold loan before maturity if it remains in standard status and within permissible LTV limits. This facility is available only to existing customers. For bullet repayment loans, accrued interest must be cleared. Renewals are subject to credit checks, fresh applicable charges, and are not allowed after maturity. |
Gold loan top up | Top up parameter | Top-up is allowed before maturity, subject to regulatory LTV limits, credit assessment, and customer eligibility. Fresh fees and charges apply. Top-up after maturity is not permitted, even if dues are outstanding. Top up facility is available only to existing users. |
LTV (Loan to Value) | For loans up to Rs.2.5 lakh | 85% |
For loans between more than Rs.2.5 lakh to Rs.5 lakh | 80% | |
For loans from more than Rs. 5lakh to Rs. 2 crore | 75% | |
Gold Value | Evaluation parameter | As per the latest guidelines, gold loans are offered against specific purity of gold jewellery, ornaments and gold coins, valued using lower of the average closing price for your gold's specific purity over the last 30 days or the previous day's closing price, as published by IBJA or a SEBI-regulated commodity exchange, within prescribed limits and subject to KYC and timely repayment. |
How to apply for a gold loan in Udaipur?
Applying for a gold loan with Bajaj Finance is quick and hassle-free. All you need to do is visit the nearest branch with your gold collateral and basic KYC documents. Your gold will be evaluated in your presence, and based on the gold rate, the loan amount will be offered to you. Once you accept the terms, the loan is approved, and the money is transferred to your bank account within just one branch visit. The entire process is secure, transparent, and designed to save you time.
To apply for gold loan online, follow these simple steps:
- Click on “Apply” to start your online application
- Enter your 10-digit mobile number and click on “Get OTP”
- Submit the OTP to verify your identity
- Fill in your personal details and choose the nearest gold loan branch
- Download the in-principal loan eligibility letter
Once done, you will receive a call from our representative and guide you on the next steps.
Related Articles
Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *