In Meerut, gold continues to be a trusted asset, offering both emotional value and financial support during urgent needs. Opting for a gold loan in Meerut allows you to access funds without selling your gold, especially when the gold price in Meerut remains favourable.
What decides your eligible loan amount?
Your gold loan eligibility depends on:
- Weight of gold
- Purity of gold
- Applicable gold rate
- Loan-to-Value (LTV) ratio
Only the actual gold content is considered during valuation. Stones, enamel work, and other decorative parts are not included.
Please note: Bajaj Finance calculates the gold value based on applicable regulatory guidelines using the lower of the previous day’s closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange.
The maximum LTV eligible for a loan depends on the loan amount and cannot be more than the limits given. To know more,click here
Gold loan: What you should know before applying
If you are considering a gold loan anywhere in Meerut, here are the essential details to know before you apply.
With Bajaj Finance, you can borrow fromRs. 5,000 to Rs. 2 crore against your gold jewellery, ornaments, or gold coins. The gold loan interest rates range from 9.50% to 24.25% per annum.
Jewellery and ornaments are accepted between 18-22 karat purity, while gold coins are accepted up to 24 karat. Your gold is stored in secure vaults with insurance cover for the entire loan duration.
A few things worth knowing before you apply for a gold loan:
- Your loan amount is based on the weight and purity of your gold, not what you originally paid for it
- Bajaj Finance uses the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange
- Bajaj Finance Gold Loan is available to salaried individuals, self-employed individuals, and pensioners
- Applicants must be Indian residents aged between 21 to 80 years
- Only basic KYC documents are required to complete the application process
Before applying, use the gold loan calculator to estimate your eligible amount, or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Meerut, gold purity, and weight.
Quick tip: It takes just 2 steps to check your eligibility for a Bajaj Finance Gold Loan. Enter your mobile number now.