Features and benefits of gold loan in Coimbatore
- Part-release facility
With our gold loan part release facility, you can repay a part of your loan and take part of your gold jewellery back before the end of your loan tenure.
- No part-prepayment or foreclosure fee*
Repay a part of your loan in advance or pay the entire amount at no extra cost.
- Transparent evaluation
We use best-in-class karat meters across all our branches to make sure you get the most value for your gold.
- Free insurance for gold
Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.
- Convenient repayment options
We offer multiple repayment options where you may choose to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis as per your convenience. Please note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity.
- Easy application process
Apply for a gold loan online. Our representative will help you with your application when you visit our Gold Loan branch in your city.
- Gold loan of up to Rs. 2 crore
We offer instant gold loans starting from Rs. 5,000 up to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you.
- 800 branches and growing
We have recently opened 60 new branches and are adding more across India. We are also opening new branches in the cities that we operate in.
- Quick approval and disbursal
With us, you can get the gold loan often approved and disbursed in just 1 visit to the nearest branch*.
Eligibility criteria and documents required to apply for gold loans in Coimbatore
Anyone can apply for a gold loan for farming, business needs, medical emergency and more, as long as they meet the basic gold loan eligibility criteria. You just need to be an Indian citizen between the ages of 21 years to 70 years. You need to submit any one of the following KYC documents to complete your application process:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
Though the PAN card is not a mandatory requirement, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card as well.
Gold loan interest rates and charges in Coimbatore
Getting a gold loan in Coimbatore is now more affordable with competitive interest rates and complete transparency. With us, you can avail of a gold loan at an interest rate starting from just 9.50% per annum, making it a cost-effective borrowing option.
We follow a 100% transparent policy, ensuring zero hidden charges, so you only pay what is clearly mentioned in the terms and conditions. Our loan processing is quick, with minimal paperwork and flexible repayment options, allowing you to manage your finances conveniently.
Additionally, the loan amount you receive depends on the loan-to-value (LTV) ratio, which is determined based on the current gold price in the market. This ensures that you get the maximum value for your pledged gold.
Whether you need funds for personal expenses, business investments, or emergencies, our gold loan in Coimbatore provides a secure and efficient financial solution at competitive rates.
Know all about our gold loan interest rate and charges before applying..
How to calculate your gold loan in Coimbatore?
The Bajaj Finserv Gold Loan Calculator is an online tool that you can use to calculate your gold loan interest rate and loan term. One of the primary advantages of using our gold loan calculator is that it provides you with precise loan estimates based on the gold loan rate per gram. The calculator simplifies the process. Input your gold's weight or desired loan amount, and it provides an immediate estimate of the maximum loan amount available.
Using a gold loan calculator is a straightforward process that helps you estimate the loan amount you can obtain against your gold. Here’s how you can use it:
- Enter gold weight: Start by entering the weight of your gold in grams.
- Input gold purity: Specify the purity of the gold, usually in karats.
- Provide current market price: Enter the current market price of gold per gram.
- Loan calculation: The calculator will compute the maximum loan amount based on the provided details.
- Additional inputs: Some calculators allow you to input the interest rate and loan tenure for estimating the repayment schedule.
Why choose Bajaj Finance to avail a gold loan in Coimbatore?
We offer multiple ways to repay your gold loan, where you may choose to repay your gold loan, including paying interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis as per your convenience. Please note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity.
Why is gold loan a feasible borrowing option in Coimbatore?
Amidst this backdrop, gold loan in Coimbatore have emerged as a popular and convenient financial solution. With the flexibility and ease, gold loan in need of money has become a go-to option for individuals seeking easy access to funds without parting with ownership of their valuable jewellery.
So, if you are looking for quick funds, Bajaj Finserv Gold Loan offers you an easy and hassle-free option. You can avail funds starting from Rs. 5,000 up to Rs. 2 crore with interest rates starting at just 9.50% p.a. With our gold loan, you can meet all your planned and unplanned expenses with great ease.
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