Gold rates affect the value of the gold you pledge and the loan amount you may be able to receive. If gold prices rise, the value of your eligible gold jewellery, ornaments or coins may also increase, which can improve your loan eligibility.
How is gold loan eligibility calculated?
Gold loan eligibility depends on:
- Gold weight
- Gold purity
- Applicable gold rate
- Applicable Loan-to-value (LTV) ratio
Only the intrinsic gold value is considered during valuation. Stones and other embellishments are excluded.
Please note: The final loan amount depends on applicable regulations, gold purity, and the lower of the previous day's closing price or the 30-day average price published by IBJA or a SEBI-regulated commodity exchange to value your gold. This protects both the borrower and the lender from short-term price volatility and ensures the valuation is fair and stable.
Please note that the maximum LTV for a loan depends on the loan amount and cannot exceed the limits provided. To know more about LTV, click here.
Gold loan basics: what you should know before applying
If you are planning to apply for a gold loan in Yamunanagar, here are a few important details to know before you apply.
With Bajaj Finance, you can avail of a gold loan ranging from Rs. 5,000 to Rs. 2 crore by pledging your gold jewellery, ornaments, or gold coins. The gold loan interest rate starts from 9.50% per annum.
Gold jewellery and ornaments with 18-22 karat purity are accepted, while gold coins of up to 24 karat purity are eligible. Your pledged gold is stored securely in insured vaults for the entire loan tenure.
Gold loan — what you should know before applying
- The loan amount is determined by the weight and purity of your gold.
- Bajaj Finance considers the lower of the previous day's closing price or the 30-day average price published by IBJA or a SEBI-regulated commodity exchange.
- Higher gold prices may increase the loan amount you are eligible to receive.
- Only basic KYC documents are required to apply.
- The loan process is secure, transparent, and easy to understand.
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 Yamunanagar, gold purity, and weight.
Know how much you can borrow against your gold—check your gold loan eligibility instantly for a smooth, transparent process.