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A long-term gold loan lets you pledge your gold jewellery, ornaments, or coins to access funds, without selling them, over a repayment period of up to 12 months. You get quick cash while keeping your gold safe with us. The extended tenure means you can plan your repayments comfortably, making it suitable for larger, planned expenses like medical bills, education, or home improvements.
Key takeaways
Here are the key points to know about a long-term gold loan:
Understand the loan tenure, repayment terms and applicable charges before pledging your gold.
Gold has always been a trusted asset, offering both security and financial flexibility. When you need funds without selling your jewellery, a long-term gold loan is a practical option. Bajaj Finance offers gold loans for up to 12 months, so you get meaningful value against your pledged gold.
The process stays simple. You apply online or bring your gold jewellery to your nearest gold loan branch, and we assess its purity and weight in your presence to determine your loan amount. Once evaluated, we verify your KYC and disburse the funds, often in a single branch visit.
You can choose between two repayment structures — Bullet repayment, where the principal and interest are both paid at maturity, or regular repayment, where interest is paid at half-yearly intervals with the principal due at maturity. With minimal processing charges and low interest rates, borrowing stays simple. Your gold remains safe with us throughout, giving you peace of mind while you manage your finances. Check your loan eligibility today.
A long-term gold loan lets you pledge your gold jewellery, ornaments, or coins as collateral for up to 12 months, while you retain ownership throughout. Key features include:
Bajaj Finance Gold Loan offers a seamless process with competitive interest rates and easy part-release facility, ensuring that you can meet your financial needs without selling your precious gold assets.
Quick tip: Before you pledge your gold, know your options. Check your gold loan eligibility and choose the right amount and tenure.
A long-term gold loan gives you financial flexibility without selling your gold. Key benefits include:
A Bajaj Finance Gold Loan helps you access the value of your gold while keeping repayment straightforward.
As per RBI's tiered LTV structure, the maximum LTV depends on your loan amount:
| Loan amount | Maximum LTV |
|---|---|
| Up to Rs. 2.5 lakh | 85% |
| More than Rs. 2.5 lakh to Rs. 5 lakh | 80% |
| More than Rs. 5 lakh to Rs. 2 crore | 75% |
The LTV ratio must be maintained throughout your loan tenure. For bullet repayment loans, the LTV calculation includes both principal and interest payable at maturity.
You can repay your gold loan based on one of two structures:
This structure helps you manage your cash flow efficiently while retaining your gold throughout the loan tenure. Review the gold loan repayment option that fits your finances before applying.
Thinking of applying for a gold loan? Start with a simple step — check your gold loan eligibility today.
Please note: We also do not simply use today's headline rate. We use whichever is lower between the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. This protects you from a sudden price spike inflating things unrealistically.
The maximum LTV eligible for a loan depends on the loan amount and cannot be more than the limits given. To know more, click here.
The gold loan interest rate in India on a long-term gold loan varies based on several factors. The interest rates range from 9.50% to 24.25% p.a.
Factors affecting your interest rate:
Bajaj Finance offers low gold loan interest rates with transparent terms.
To apply for a long-term gold loan, you must meet basic eligibility requirements to ensure a hassle-free application process.
Meeting these criteria ensures quick approval and disbursal. Bajaj Finance Gold Loan offers a transparent loan process with minimal eligibility requirements, making it accessible for urgent financial needs. Check your eligibility today and avail maximum value for your gold jewellery.
With us, applying for a gold loan is a hassle-free affair with easy paperwork and smooth processing. To apply for a long-term gold loan, you need to submit any of the following gold loan documents:
Though PAN card is not a mandatory document, you need to submit your PAN card for loans above Rs. 5 lakh.
To apply, start by checking your eligibility using the online calculator. Choose a method that works for you — visit a branch or apply online. Submit your KYC documents along with your gold for valuation. Our representative will assess its purity and weight to determine your loan amount. Once evaluation is complete, your loan is approved and funds are disbursed.
To apply online:
Bajaj Finance provides a seamless gold loan application process with quick approvals.
Have idle gold lying at home? Turn it into instant funds with a Bajaj Finance Gold Loan today! Apply now
A long-term gold loan typically has a tenure of up to 12 months. With Bajaj Finance Gold Loan, you can select a repayment period that aligns with your financial needs. The extended tenure provides flexibility, allowing you to manage your repayments conveniently.
To avail of a long-term gold loan, you must be an Indian citizen aged between 21 to 80 years. Bajaj Finance Gold Loan requires you to pledge gold jewellery of 18-22 karat purity as collateral.
Yes, you can prepay your long-term gold loan at your convenience. Bajaj Finance Gold Loan allows part-prepayments or full repayment before the loan tenure ends. This helps in reducing the interest burden and closing the loan earlier.
Gold loans do not provide direct tax benefits. However, if the loan is used for business purposes, the interest paid may be considered a business expense, potentially reducing your taxable income. Similarly, if the funds are used for property purchase, tax deductions under home loan-related provisions may apply. It is advisable to consult a tax expert to determine potential tax advantages based on your loan utilisation.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
