How to Foreclose Your Bajaj Finserv Gold Loan

When you need funds quickly — for a medical emergency, a large purchase, or any unexpected expense — a gold loan is one of the most practical options available. It gives you access to funds at competitive interest rates, with repayment terms that work around your cash flow rather than against it.

How to manage, part-prepay, and foreclose your gold loan 

A Bajaj Finserv Gold Loan comes with repayment options designed to give you flexibility. You can pay interest on a schedule that suits your income — monthly, bi-monthly, quarterly, half-yearly, or annually. The principal is settled at the end of the tenure, but if you have surplus funds at any point, you are not locked in. You can use the part-prepayment facility to pay down your principal as and when money is available.

If you want to close the loan before the tenure ends, you can foreclose it. Foreclosing means settling the full outstanding balance in one go. It reduces the total interest you pay, lowers your overall cost of borrowing, and gets your pledged gold jewellery, ornaments, or coins back sooner — giving you the freedom to use that asset as you see fit. With a Bajaj Finserv Gold Loan, there are no foreclosure charges, so you keep what you save.

Do not let your jewellery sit idle — tap into its value with a gold loan that suits your needs. Check your gold loan eligibility today.

How to part-prepay your gold loan

You can make a part-prepayment online through the customer portal or the Bajaj Finserv App. Here is how to do it on each:

Using the customer portal

• Visit the customer portal by clicking the 'Pay Now' button on ‘My Account’
• Enter your registered mobile number and the OTP to sign in
• Verify yourself with your date of birth and proceed
• Select the loan account from the 'My Relations' section
• Click on 'Make Payments' in the 'Quick Actions' section
• Choose 'Part-prepayment' from the list
• Enter the required details and complete the payment through our secured payment gateway

Using the Bajaj Finserv App

• Click the 'Pay Now' button and to go to the 'My Relations' section of the app
• Select the gold loan account you want to part-prepay
• Tap 'Make Payments' on your screen
• Choose 'Part-prepayment' from the options
• Enter the required details and complete the payment

How to foreclose your gold loan

Foreclosing your gold loan is a two-step process. Start by checking your outstanding loan amount on the customer portal or the app. Once you know the balance, use the part-prepayment option to pay as much of the principal and applicable interest as you can online.

Please note that the final foreclosure cannot be completed online. There will be a remaining outstanding amount that needs to be paid in person. Visit the Bajaj Finance branch where your gold is held, pay the balance, and our representative will walk you through the remaining steps to close your loan and collect your gold.

Apply in minutes. Money in account instantly with a Bajaj Finserv Gold Loan.