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Key takeaways
Ever looked at your gold and thought it could do more than sit safely in a locker? In India, gold is not just a symbol of tradition or savings. It is a powerful financial backup you can rely on when money is needed quickly. Today, more people like you are realising the true potential of their unused gold jewellery, ornaments or coins, which is why gold loans are gaining popularity.
A gold loan is a secured way to access funds by pledging your precious gold. The loan amount depends on the value of the gold you offer and can go up to 85% of its worth, as per RBI guidelines. Since your gold acts as security, you benefit from lower interest rates, minimal paperwork, and quick disbursal. With Bajaj Finance Gold Loan, you can avail amounts starting from Rs. 5,000 up to Rs. 2 crore, depending on eligibility. The maximum LTV eligible for consumption loans per borrower depends on the loan amount and cannot be more than the limits given:
Your gold stays safe in high-security vaults with round-the-clock surveillance, so you do not have to worry about its safety. The gold loan valuation process is transparent, using advanced karat metres to ensure you get the right value for your gold.
To get started, you can use an online gold loan calculator to estimate your loan amount based on the weight of your gold. Applying is simple too. As an Indian citizen aged between 21 and 80 years, you only need one valid KYC document such as an Aadhaar card, voter ID, passport, or driving licence to apply for a Bajaj Finance Gold Loan.
Planning to use your gold for quick funds? Check your gold loan eligibility now and see how much you can borrow instantly.
The gold loan interest rate represents the cost of borrowing funds against your gold jewellery. With Bajaj Finance, gold loan interest rates start from 9.50% to 24.25% per annum, helping you access funds in a cost-effective way. You can rely on complete transparency, with no hidden charges and clearly defined terms and conditions. It is always advisable to review the applicable fees and charges before applying.
A gold loan can be a useful financial option when you need funds quickly. However, a few factors can influence your overall borrowing experience. Market conditions play a role, as changes in demand can affect both interest rates and the gold loan value per gram. Gold rates also matter, since the market price of gold directly impacts the value of your pledged gold. Additionally, the frequency at which you pay interest can influence the interest rate applicable to your gold loan.
Applying for a gold loan is easy if you meet the basic gold loan eligibility criteria and have gold jewellery to pledge. You need to be between 21 and 80 years of age and own 18-22 karat gold jewellery or ornaments to pledge for a gold loan. Gold coins up to 24 karat are also accepted. Bajaj Finance considers lower of the previous day’s closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to evaluate the loan amount against your gold.
To complete your gold loan application, you need to submit any one of the following KYC documents for gold loan:
Please note that a PAN card is not mandatory for all applicants. However, if you apply for a gold loan of Rs. 5 lakh or above, submission of your PAN card will be required as per guidelines.
Thinking of applying for a gold loan? Start with a simple step—check your gold loan eligibility today.
Getting a Bajaj Finance Gold Loan is simple and stress-free. You just need to visit your nearest branch with your gold jewellery and valid KYC documents. The team will check the purity and weight of your gold, work out your eligible loan amount, and complete the process on the spot. In most cases, the loan amount is credited to your account on the same day, helping you access funds without delay.
If you prefer added convenience, you can also apply online through the Bajaj Finance App or website and complete the process from anywhere.
Curious to know how much loan you can get? Enter your mobile number to check your gold loan eligibility instantly.
With Bajaj Finance, the maximum gold loan tenure goes up to Rs. 2 crore against your gold jewellery.
To obtain a gold loan urgently, visit the nearest Bajaj Finance Gold Loan branch with your gold jewellery and necessary KYC documents. We will assess the purity and weight of your gold, and upon approval, the loan amount will be typically disbursed within the same day*. This process involves minimal documentation and a quick appraisal, making it an ideal solution for immediate financial needs.
Yes, you can foreclose or prepay your Bajaj Finance Gold Loan at no additional cost.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
