With gold prices rising, Indian consumers are understanding the true value of the jewellery lying idle at home. Gold is regarded as a safe and reliable asset that can be easily liquidated in times of financial emergencies. This makes gold loans a great way to obtain instant funds to cover all your urgent needs.
Gold loans are a type of secured loans – you can pledge your gold jewellery and borrow money against it. When you repay the loan, you can take your gold back.
Gold loan interest rates are typically lower than those for other loans, and the actual value of the loan depends on the current gold rate. These loans come with a very basic eligibility criteria. Almost anyone with gold jewellery of 18-22 karat purity can apply for the loan.
And that is not all. You need just your gold loan documents like any one of your KYC documents – Aadhaar Card, voter ID card, passport, or driving licence to get a Bajaj Finserv Gold Loan.
With quick processing and large loan amounts (we offer loans of Rs. 5,000 to Rs. 2 crore), gold loans have risen in popularity over the last few years.Now that you know how easy it is to get a gold loan, let's discuss how the market rate of gold impacts gold loans.
Impact of gold price fluctuations
Bajaj Finance provides gold loans at the most competitive interest rates, with easy eligibility requirements and minimal paperwork. The loan amount can be disbursed within a few just a few hours.
How to apply for a Bajaj Finserv Gold Loan
You can follow these simple steps to apply for a Bajaj Finserv Gold Loan:
Step 1: Click on the ‘APPLY’ button to open the online application form.
Step 2: Enter your name and mobile number.
Step 3: Type the name of your city and select the branch closest to you.
Step 4: Submit the OTP sent to your phone and complete the online process.
You are invited to visit us with your 18-22 karat gold jewellery at the time convenient to you. Our staff will evaluate the purity of your gold jewellery and process your application.
We will keep your gold jewellery safely in a state-of-the-art vault. Your gold will be kept securely and returned to you when you complete your repayment tenure. We also offer free insurance for the gold while it is in our custody.
It is really that simple. Get a gold loan of up to Rs. 2 crore to meet any of your planned or unplanned financial needs.
With lightning quick processing at more than 800 branches across the country, we will do our best to get you the funds you need in an easy and hassle-free way.
