How to Transfer Gold Loan to Bajaj Finance

How to Transfer Gold Loan to Bajaj Finance

Know about the gold loan balance transfer and plan your repayments better. Benefit from a complimentary insurance on the pledged gold, competitive interest rates and more.
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Rs. 5,000 - Rs. 2 crore

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What is gold loan balance transfer?

A gold loan balance transfer simply means moving your current gold loan from one lender to another for better benefits. It is like switching to a plan that helps you save more. By doing this, you can get lower interest rates, flexible repayment options, and improved customer service. Many people choose a balance transfer when their existing loan feels too costly or inconvenient. The process is safe—your gold remains secure while the transfer happens smoothly. It is a smart way to reduce financial stress, manage repayments easily, and make the most of your gold loan without any extra hassle.
 

Steps to follow for gold loan transfer 

Complete the following steps to transfer your outstanding gold loan:


  • Check if you meet all eligibility requirements for a balance transfer.
  • Next, apply for a gold loan foreclosure with your existing lender.
  • Proceed to apply for a gold loan transfer with a simple application form fill-up.
  • Submit the minimum necessary gold loan documents required to complete paperwork.
  • Obtain pledged gold from the previous lender and deposit under industry-best vault security.
  • Obtain a new loan agreement with the lowest gold loan interest rate and other favourable terms.
  • Receive the gold loan amount in your bank account shortly.
  • Once received, you can start repayment of the advance as per the agreed schedule. 

Additionally, facilities like part-release of gold against equivalent repayment and gold loan multiple repayment options make this one of the most sought-after financial instruments in the market.
 

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Benefits of gold loan transfer and takeover with Bajaj Finance

Choosing a gold loan transfer or gold loan takeover with Bajaj Finance can help you enjoy lower interest rates, higher loan value, and better repayment flexibility. By transferring your existing gold loan, you can reduce your overall financial burden and save on interest costs. Bajaj Finance ensures a smooth and quick balance transfer process, allowing you to continue your repayments without any disruption. With transparent policies, multiple tenures, and minimal documentation, you can easily manage your loan and benefit from improved terms through a gold loan balance transfer, making your financial journey more convenient and rewarding.

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Gold loan fees and charges explained

Opting for a gold loan transfer or gold loan takeover with Bajaj Finance allows you to enjoy affordable interest rates and multiple repayment options. Since your loan is secured against gold jewellery, ornaments or coins, the interest rate is typically lower than other credit types, helping you save more over time. Bajaj Finance offers competitive gold loan interest rate starting from 9.50% to 24% per annum, ensuring that your borrowing remains economical. With a gold loan balance transfer, you can also restructure your repayment plan, reduce your monthly instalments, and make your overall financial management easier and more cost-effective.

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Latest RBI updates

Section

Parameter

Applicable Details

 

Eligibility Criteria

Gold purity accepted

18-22 Karat for jewellery and ornaments

24 karat for gold coins

Eligible collateral types

Gold ornaments, jewellery, and coins

 

 

 

 

 

 

 

 

 

Eligible limit for each collateral type

Ornaments

Total pledged weight across all loans must not exceed 1 kilogram

Gold coins

The total weight of gold coins pledged cannot be more than 50 grams.

Gold Jewellery

As per maximum loan amount.

Overall exposure limit

The total loan exposure across ornaments, jewellery, and gold coins together must not exceed the maximum loan limit of Rs. 2 crore.

Collateral protection

 

Any loss, damage, or discrepancy in the quantity or purity of your pledged gold identified during audit, return, or auction will be recorded and promptly communicated to you or your legal heirs. The reimbursement or compensation process, as per company policy and SOP, will be clearly explained. Delays in collateral release due to lender fault will attract compensation of ₹5,000 per day.

 

 

 

Gold loan renewal

Renewal parameter

You can request renewal of your gold loan before maturity if it remains in standard status and within permissible LTV limits. This facility is available only to existing customers. For bullet repayment loans, accrued interest must be cleared. Renewals are subject to credit checks, fresh applicable charges, and are not allowed after maturity.

 

 

Gold loan top up

Top up parameter

Top-up is allowed before maturity, subject to regulatory LTV limits, credit assessment, and customer eligibility. Fresh fees and charges apply. Top-up after maturity is not permitted, even if dues are outstanding. Top up facility is available only to existing users.

 

 

 

LTV (Loan to Value)

For loans up to Rs.2.5 lakh

85%

For loans between more than Rs.2.5 lakh to Rs.5 lakh

80%

For loans from more than Rs. 5lakh to Rs. 2 crore

75%

 

 

 

Gold Value

Evaluation parameter

As per the latest guidelines, gold loans are offered against specific purity of gold jewellery, ornaments and gold coins, valued using lower of the average closing price for your gold's specific purity over the last 30 days or the previous day's closing price, as published by IBJA or a SEBI-regulated commodity exchange, within prescribed limits and subject to KYC and timely repayment.

Eligibility criteria for gold loan balance transfer

A gold loan transfer with Bajaj Finance is designed to be simple and accessible for all eligible applicants. Any Indian citizen aged between 21 and 80 years can apply by pledging 18-22 karat gold jewellery or ornaments that meets the required purity standards. You can also pledge gold coins up to 24 karat purity as collateral for the loan. The eligibility is evaluated based on the gold’s weight, purity, and your repayment capacity. Whether you need funds for planned expenses or sudden financial needs, transferring your existing loan ensures quicker access to better terms. Check your gold loan balance transfer eligibility today and unlock instant financial assistance with Bajaj Finance’s seamless process.
 

Quick-tip: It takes only 2 steps to check your eligibility for a Bajaj Finserv Gold Loan. Enter your mobile number now.

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Disclaimer

Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *