Gold Loan Interest Rate

When opting for a gold loan, understanding the features of the gold loan interest rate is important. With us, you get a simple and transparent interest rate structure to make repayment easy and convenient. The gold loan rate if interest starts from 9.50% to 24% p.a. and can vary depending on your loan amount, the gold value, and the loan tenure.
 

Here are some key features of Bajaj Finserv Gold Loan interest rates:
 

• Competitive starting rate: Interest rates begin from just 9.50% p.a., making the loan affordable.
• Value-based pricing: The interest rate is based on the amount you borrow and the purity and value of your pledged gold jewellery.
• Multiple repayment: Choose from multiple interest repayment options like monthly, bi-monthly, quarterly, half-yearly or annual repayments, with any principal amount and pending interest payable before maturity.
• No hidden charges: Transparent pricing with clear terms and conditions.
• Quick disbursal: Funds are transferred quickly once your gold is evaluated.
   

These features make it easier to borrow confidently and repay comfortably.

When taking a gold loan, it is important to know the factors that impact the gold loan interest rates so that you can make better decisions and manage your loan wisely.

• Loan amount: Higher loan amounts may attract lower interest rates due to reduced risk per gram of gold.
• Loan-to-value (LTV) ratio: A higher LTV means more risk for the lender, which can result in a higher interest rate.
• Loan tenure: Shorter tenures often come with lower interest rates compared to longer repayment periods.
• Gold purity: Higher purity (like 22K) fetches better valuation, possibly impacting the gold interest rate positively.
• Repayment history: Good credit behaviour and timely repayment can lead to better interest rate offers.
• Lender’s internal policy: Bajaj Finance and other lenders may revise rates based on their lending strategy and market conditions.
   

 As gold rates fluctuate, so does the value of the gold jewellery you offer as collateral. When gold prices are high, lenders may offer lower gold loan interest rates because the collateral holds more value.

Pro-tip: Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.

The interest rate calculation for gold loans is an important step in understanding the final amount you will be repaying. When you pledge your 18-22 karat gold jewellery for a loan, the lender decides the interest rate based on several factors like gold purity, loan amount, tenure, and repayment mode. We offer competitive gold loan interest rates in India, ensuring you get access to funds without putting too much burden on your pocket. The gold loan rate may also vary depending on the loan-to-value (LTV) ratio, which means the higher the percentage of your pledged gold’s value borrowed, the slightly higher the interest rate can be.

With our online gold loan calculator, you can check your gold loan eligibility and estimate your gold loan ROI. Enter gold weight or preferred amount, select repayment frequency, and view real-time interest and gold value required.
 

For example, a ₹1,50,000 loan at 12% p.a. will cost ₹18,000 in annual interest, or ₹1,500 monthly. This tool helps you plan smartly and compare low gold loan interest rates.
 

While today’s gold loan rate offers an estimate, visit your nearest Bajaj Finance branch for a personalised offer and full breakdown.
 

*Do note that the results generated by the calculator are indicative and may differ from the final loan offer at the time of application.

Applying for a gold loan with Bajaj Finance is simple and quick. You can visit the nearest Bajaj Finserv Gold Loan branch or apply online through the Bajaj Finserv App or official website from the comfort of your home. With benefits like, competitive loan against gold interest rate, free insurance of gold and multiple repayment options, these loans come in handy to meet your planned and unplanned expenses with ease. The Bajaj Finserv Gold Loan interest rate ranges from 9.50% to 24% p.a. with repayment tenure ranging up to 12 months. 

To apply online, just follow these easy steps:

1. Click on “Apply” to initiate online application.
2. Enter your 10-digit mobile number and click on “Get OTP.”
3. Submit the OTP to verify your identity.
4. Fill in your personal details and select the nearest gold loan branch.
5. Download In-principal loan eligibility letter.

Once done, you will receive a call from our representative and guide you on the next steps.

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