1 min read
25 May 2021

When you need money, whether to finance a wedding in your family or to pay the down payment of a new car, you can consider a reliable source of financing such as a secured or unsecured loan.

But if you don't have a strong credit score or do not like the idea of availing of a personal loan, you can opt for a gold loan.

A gold loan from Bajaj Finserv offers you funds up to Rs. 2 crore at attractive interest rates and flexible repayment terms. With a gold loan, you can take care of immediate needs while your gold is safely kept with the lender for you to claim at a later date.

Here are some unique features of a gold loan offered by Bajaj Finserv:

1. Pledge your gold for an ample sum

With a loan of up to Rs. 2 crore, you can easily fund all your needs, whether they are personal or professional. Your loan is sanctioned with great ease because of the security you present in the form of gold. Your gold is carefully evaluated in-house by Bajaj Finserv with a carat meter to give you to add to the safety of your prized asset.

2. Enjoy easy and simple repayment

When you avail of a gold loan from Bajaj Finserv, you get a flexible tenor of repayment. This means you can repay the amount comfortably according to your capacity and income without straining your finances.

Also, if you decide to avail of the foreclosure facility or make part-prepayments, you can do so stress-free without paying any additional fee. This makes your repayment structure of the loan more affordable.

3. Repay flexibly with options that suit you

With Bajaj Finserv, you get a wide range of options when it comes to repaying your loan amount. You may choose to pay only gold loan interest monthly or quarterly and repay the principal amount at the end of your tenor. Another option is that you can pay EMIs that comprise the principal as well as interest amount. Lastly, you may pay the interest at the start of your tenor and clear the principal amount later on when you have the funds to do so. This makes managing your cash flow easy.

4. Make the most of the added convenience with a partial release and top-up facility

If you have pledged your gold ornaments or jewellery and need some of them back for an occasion or other reasons, Bajaj Finserv offers you a part-release facility. This way, you have the choice of getting back your pledged gold when you need it. Additionally, you can also get a top-up on your gold loan if you need more funds.

5. Enjoy maximum safety for your pledged asset

With Bajaj Finserv, you don't need to worry about the secure storage of your gold, as it has a strong room that comes with excellent security protocols to protect and safeguard your asset.

Eligibility criteria and application for a gold loan from Bajaj Finserv

If you are a businessman, farmer, trader, salaried or self-employed professional between the age of 21 to 70 years, you are eligible to apply for a gold loan. The only document you need to avail of the loan service is your KYC documents. To apply for a Bajaj Finserv Gold Loan, you can visit the nearest branch office.

Get started today by checking your pre-approved loan offer.

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