A gold loan can be a great option for those who need quick access to funds. By pledging gold as collateral, you can secure a loan with lower interest rates compared to unsecured loans. Additionally, gold loans offer multiple repayment options, allowing you to choose a repayment plan that fits your needs.
You can get a quick gold loan of up to Rs. 2 crore from Bajaj Finance by pledging your gold jewellery. Since a loan against gold jewellery is secured with tangible gold, it is comparatively easier to get the loan sanctioned with less paperwork and a faster processing time.
Unique features of Bajaj Finserv Gold Loan
Instant funds
You can secure a loan of up to Rs. 2 crore for all your needs, thanks to the security of your gold. Bajaj Finance uses advanced karat meters for precise gold evaluation, ensuring you get the best value.
Easy repayment
With Bajaj Finance, you can choose to pay your gold loan interest monthly, bi-monthly, quarterly, half-yearly or annually. Alternatively, start with interest payments and clear the principal later for convenient cash flow management.
Part-release facility
If you have pledged your gold jewellery and need some of them back for an occasion or other reasons, we offer 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.
Low interest rates
Unlike unsecured loans with high-interest rates, gold loans typically have lower rates because they are backed by actual gold jewellery. Reputable lenders like Bajaj Finance offer rates starting at just 9.50% per annum.
No credit score check
Gold loans don't demand a strong credit history or high CIBIL Score as the loan is secured against pure gold jewellery. With us, you can get up to 75% of your gold's value, depending on the market price.
Gold loan tax benefits
By using gold loan funds for purposes such as home improvement, residential property construction or purchase, or business expenses, you become eligible for gold loan tax benefits under section 80C.
Eligibility criteria
Any Indian citizen, between the ages of 21 to 70 years with the necessary KYC documents can easily apply online and avail the loan. The only document that you need to avail of the loan service is your KYC documents.
