Why is gold loan a feasible borrowing mode in Udaipur?
Availing a gold loan in Udaipur is a popular choice for many residents seeking quick and hassle-free financial assistance. These loans offer flexibility and convenience, allowing individuals to leverage their gold assets without relinquishing ownership. With transparent terms and minimal documentation requirements, gold loans in Udaipur provide a convenient solution for meeting various financial needs, from emergency expenses to investment opportunities.
So, if you are looking for quick funds, the 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. Our gold loan offers several benefits.
Benefits and features of gold loans in Udaipur
Here are some benefits of taking gold loans in Udaipur:• Part-release facility
With our 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 the most advanced karat metres 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 representatives 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.
Eligibility criteria to avail gold loans in Udaipur
Anyone can apply for a gold loan for farming, business needs, medical emergencies and more, as long as they meet the basic 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 basic KYC documents to complete your application process.
Documents required to get gold loans in Udaipur
- 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 Udaipur
With us, you can get a gold loan interest rate starting at just 9.50% per annum. You can stay assured of zero hidden charges with our 100% transparent terms and conditions.
Know all about our fees and charges before applying.
Gold loan calculator in Udaipur
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 key benefits 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.
Why choose Bajaj Finance to avail a gold loan in Udaipur?
Bajaj Finance offers a hassle-free application process, requiring minimal documentation and ensuring quick approval, making it an ideal choice for those in urgent need of funds. With additional benefits like multiple repayment options and transparent terms, we ensure a smooth and customer-focused borrowing experience, making it the preferred choice for availing of a gold loan in Udaipur.
Best ways to repay your gold loan in Udaipur?
Repaying your gold loan in Udaipur efficiently requires a strategic approach. Here are some of the best ways to ensure a smooth repayment process:
- Equated Monthly Instalments (EMIs)
Opting for EMIs is a common and convenient method for repaying your gold loan. The loan amount, along with interest, is divided into fixed monthly payments. This option helps you manage your finances better by allowing you to plan your monthly budget accordingly.
- Lumpsum repayment
If you prefer flexibility, a lumpsum repayment option might be suitable. In this method, you repay the entire loan amount and interest at the end of the loan tenure. This is beneficial if you expect a lump sum amount in the future, such as a bonus or the maturity of an investment.
- Partial payments
Making partial payments towards your gold loan can significantly reduce the principal amount, thereby decreasing the interest burden. This method allows you to repay the loan at your convenience, without the pressure of fixed monthly payments.
- Regular monitoring
Keep track of your loan account regularly. Monitoring your repayment schedule helps you stay on top of your finances and avoid any late payment penalties. Most banks and financial institutions provide online portals where you can check your loan status.
- Prepayment
If you come into extra funds, consider prepaying your gold loan. Most lenders allow prepayment with minimal or no charges. Prepaying your loan reduces the overall interest cost and helps you become debt-free sooner.
- Negotiating with lenders
If you face financial difficulties, don’t hesitate to discuss your situation with your lender. Banks and financial institutions in Udaipur often offer restructuring options or moratorium periods to help borrowers manage their repayments during tough times.
By choosing the repayment method that best suits your financial situation, you can efficiently manage your gold loan repayment in Udaipur, ensuring you retain your valuable gold assets without undue stress.
How to apply for a gold loan in Udaipur?
Here is a detailed guide to apply for a gold loan.
- Click on ‘APPLY’ located at the top of this page to open our online application form.
- Enter your 10-digit mobile number and click on ‘GET OTP’.
- Submit the OTP to verify your identity.
- Select your state and city to find the branch nearest to you.
- Enter your full name and date of birth as per your PAN.
- Set up your appointment at our branch.
Once done, you will receive a call from our representative to confirm your appointment and guide you on the next steps.
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