How gold loan NBFC can fuel your financial needs

Why more people are choosing gold loan NBFCs

Today, many people are looking for easier and smarter ways to manage their financial needs. Whether it is medical bills, home repairs, or higher education, gold loan NBFCs have become a popular choice. These loans help with planned expenses and also offer quick support during sudden situations like hospital stays or urgent payments.

Choosing an NBFC gold loan means you do not have to dip into your savings when something unexpected happens. Your savings stay untouched and continue to grow, which can lower your overall cost of borrowing. With a Bajaj Finserv Gold Loan, you get quick access to funds without complicated steps or long waiting times. You can borrow starting from Rs. 5,000 up to Rs. 2 crore by simply pledging your 18-22 karat gold jewellery.

How are NBFCs meeting the growing demand for gold loans?

Responding to the increasing demand for gold loans, NBFCs are enhancing their services through digital platforms, secure locker solutions, streamlined processes, and competitive interest rates. Here is how they are meeting your needs:

1. Raising awareness about unused gold: NBFCs are educating the public about leveraging unused gold for immediate financial assistance, offering loans against unused gold jewellery for various purposes.
2. Offering better loan opportunities: NBFC gold loan interest rate and margins are attracting more customers compared to nationalised banks, thus expanding loan accessibility. With Bajaj Finance, you can get a gold loan interest rate starting at just 9.50% to 24% per annum. You can stay assured of zero hidden charges with our 100% transparent terms and conditions.
3. Providing collateral and borrower insurance: NBFCs offer insurance coverage for both the pledged gold and borrowers, ensuring security for all parties involved.
4. Flexible loan tenure: NBFCs offer adaptable repayment periods, empowering borrowers to choose a tenure that aligns with their financial needs and capacity.
   Bajaj Finance offers 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.
5. Expedited loan processing: NBFCs prioritise efficiency, providing seamless and swift loan processing experiences. Many offer instant approvals and same-day disbursements, ensuring timely assistance at favourable interest rates.
6. Minimal documentation: NBFCs are streamlining the process of obtaining gold loans by requesting minimal documentation. This NBFC gold loan companies’ approach, simplifies the borrowing experience for customers, reducing paperwork and administrative hassles, making gold loans an attractive option for those in need of immediate financial assistance.

With us, you just need to be an Indian citizen between the ages of 21 to 80 years. You need to submit any one of the following KYC documents to complete your application process:

• 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.

Quick tip: Thinking of applying for a gold loan? Start with a simple step—check your gold loan eligibility today.

Why choose us?

Need quick access to funds? Bajaj Finserv Gold Loan could be your one-stop solution. We offer seamless processes, high loan amount, competitive rates, and multiple repayment options. With quick disbursal and minimal documentation, Bajaj Finance ensures convenience and reliability, helping you overcome financial hurdles with ease.