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Gold Loan

Exclusive offers | No income documents | No hidden charges
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100% safe and secure

Gold Loan
Exclusive offers | No income documents | No hidden charges

Get your loan eligibility letter in just 2 steps

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  1. Fill your details Fill in your personal details and select the nearest gold loan branch.
  2. Download loan eligibility letter Visit the branch with this letter and your gold jewellery for evaluation and further processing.
Loan Eligibility Letter

This document will tell you the gold loan amount you are eligible to get, based on the details you provide.

When you get this letter, carry it along with your gold jewellery for evaluation at our branch.

Loan Eligibility Letter
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Instant Disbursal*

Your bank account will be credited with your loan amount instantly*.

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Disbursal in just one branch visit

Get an instant gold loan without the need for multiple branch visits.

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Attractive interest rates

Get a gold loan at Lowest* interest rates.

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Loan up to ₹2 crore

Get a gold loan of up to ₹2 crore

Features and benefits of gold loan

  • 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 fee 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 of gold

    Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.

  • Convenient repayment option

    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.

*Terms and conditions apply

What is a gold loan?

A gold loan is a secured loan where you can pledge your gold jewellery as collateral to borrow money. It is an efficient way to unlock the value of your gold without selling it, providing a quick solution for financial needs. We evaluate the gold’s pu-rity, weight, and the prevailing market rate to determine the loan amount. This amount is often based on the Loan-to-Value (LTV) ratio, which is set at 75% by the Reserve Bank of India.

The gold loan meaning lies in its simplicity and accessibility. It is ideal for covering urgent expenses, such as medical emergencies, education fees, or business capital, as it in-volves minimal documentation and fast disbursal. Gold loans typically offer lower interest rates compared to unsecured loans, making repayments manageable.

Bajaj Finance offers multiple repayment options to repay the loan as per your financial situation. You can retain ownership of your gold while accessing the funds you need. The collat-eral is securely stored in vaults under 24x7 surveillance. The pledged gold is covered by a free insurance of gold, and is returned after the loan is repaid in full.

In essence, a gold loan is a reliable and cost-effective way to leverage your gold for meeting personal or professional fi-nancial needs without parting with it.

Why avail a gold loan from Bajaj Finance

  • Quick disbursal
  • Minimal paperwork
  • Loan from Rs. 5,000 to Rs. 2 crore
  • Multiple repayment options
  • Free insurance of gold
  • No hidden charges

Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Eligibility criteria and documents required for gold loan

Anyone can apply for our gold loan, as long as they meet the basic gold loan eligibility criteria mentioned here. They will be asked to submit a few basic documents to complete their application process.

Eligibility criteria

  • Nationality: Indian

  • Age: 21 to 70 years

  • Gold purity: 18-22 karat

Documents required

Any one of the following:

  • Aadhaar card

  • Voter ID card

  • Passport

  • Driving licence

  • NREGA job card

  • Letter issued by National Population Registration

*PAN card is not required. However, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card.

How to apply for a gold loan

Step-by-step guide to apply for a gold loan

  1. Click on “Apply” to initiate online application.

  2. Enter your 10-digit mobile number and click on “Get OTP.”

  3. Submit the OTP to verify your identity.

  4. Fill in your personal details and select the nearest gold loan branch.

  5. Download In-principle loan eligibility letter.

Once done, you will receive a call from our representative and guide you on the next steps.

How to use your gold as collateral for loan?

Using your gold as collateral for a loan is a straightforward way to access quick gold loan in India. To secure a loan against gold, you can pledge 18-22 karat gold jewellery as collateral. Once the gold is evaluated, your document verification is done. Post that, the loan amount is disbursed in your account. With us, you can get up to 75% of your gold’s value as loan.
 

How to use a gold loan calculator to estimate your loan eligibility

Using a gold loan calculator is a simple and effective way to estimate your loan eligibility and plan your repayment. Follow these steps:

  • Enter the gold weight and purity
    Provide the weight (in grams) and purity of your gold jewellery, such as 22 or 24 karats. For example, if you have 15 grams of 24-karat gold, the calculator uses this to assess its market value.
  • Check the prevailing gold rate
    The calculator uses the current market price of gold to ensure accurate and up-to-date calculations for your loan amount.
  • View estimated loan and repayment
    Once the details are entered, the calculator displays the loan amount you can borrow and an estimate of your monthly repayments based on the tenure and interest rate.

Using tools like the Bajaj Finserv Gold Loan Calculator simplifies the process, making it easier to plan your gold loan effectively.

Gold loan interest rate and applicable charges

Types of fee

Applicable charges

Interest rate

9.50% to 26% per annum

Processing fees

0.15% of the loan amount (inclusive of applicable taxes).
Subject to a minimum Rs. 99 (inclusive of applicable taxes) and maximum of Rs. 600 (inclusive of applicable taxes).

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount

Cash handling charges

Rs. 50 (inclusive of applicable taxes) applicable for cash disbursement only.

Penal charge

Rs. 8 per day on Outstanding Balance - Penal charge will be over and above the interest rate slab mentioned above which shall be applicable/chargeable in case of default in repayment of the Outstanding Dues post maturity.

Convenience fee

Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for release of ornament/s out of multiple ornaments securing the Gold Loan.

Part-prepayment charges

NIL

Foreclosure charges

Foreclosure charges are “0”, but in cases the Borrower closes the loan, interest on a pro-rated basis will be applicable.

The interest rates applicable on gold loans are dynamic and frequently change due to external factors.
 

Still have not found what you are looking for? Click on any of the links at the top of this page.
 

Meet all your needs with a gold loan

A gold loan is an ideal financial solution for addressing diverse needs, offering flexibility and convenience when funds are required urgently. Whether it's managing unexpected medical bills or renovating your home, a gold loan provides quick access to funds while allowing you to retain ownership of your jewellery.

With competitive interest rates, minimal documentation requirements, and flexible repayment options, this loan ensures ease and efficiency in meeting your financial goals. For instance, you can use a gold loan for home renovation or avail a gold loan for medical expenses, without the burden of lengthy approval processes.

By leveraging the value of your gold, a gold loan helps you address immediate expenses or invest in new opportunities, making it a dependable financial tool for various situations.

Frequently asked questions

How to get a gold loan?

Getting a loan against your gold jewellery is one of the easiest ways to meet any unplanned expense. To get a gold loan from Bajaj Finance, you can apply online, and we will call you and guide you on the next steps or you could simply visit the nearest gold loan branch in your city. To apply for an online gold loan, you need to follow the below mentioned steps:

  1. Click on ‘APPLY’ to open our online application form

  2. Enter your 10-digit mobile number and click on ‘GET OTP’

  3. Submit the OTP to verify your identity

  4. Select your state and city to find the branch nearest to you

  5. Enter your full name and date of birth as per your PAN

  6. 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.

Who is eligible to get a gold loan?

From salaried and self-employed individuals to traders, farmers, and business persons, anyone can apply for a gold loan from Bajaj Finance.

You must be between 21 and 70 years of age and have gold jewellery of 18 - 22 karat.

When should you apply for a gold loan?

You should apply for a gold loan when you need money for your planned or unplanned expenses. A gold loan is a form of a secured loan. It may be a good option if you already have an ongoing loan. You can apply for one by pledging the gold jewellery you may have at your home.

Walk into the nearest Bajaj Finserv Gold Loan Branch in your city. You can also start by completing the simple application form on the Bajaj Finserv website.

Can you get a gold loan on jewellery?

Yes, you can get a loan against gold jewellery at an attractive interest rate. Bajaj Finserv gold loan interest rates start from

9.50% p.a. onwards. To get a loan against gold, click on the ‘APPLY’ option on the top of this page. You could also walk into the nearest Bajaj Finserv Gold Loan branch in your city.

Here's how you can apply for a gold loan online

What happens if you don't pay the gold loan back?

Failure to repay the gold loan may result in auctioning of the pledged gold jewellery. It can also impact your credit history and lead to legal consequences. Therefore, exploring the repayment options is essential to avoid these situations.

How can you repay your gold loan?

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 for your loan against gold, if any, will be due for payment at the time of loan maturity.

How can you foreclose or prepay your gold loan? 

To foreclose your loan against gold, follow these simple steps:

1. Visit your nearest gold loan branch.

2. Pay the outstanding amount.

3. Submit the Gold Delivery Receipt (GDR).

By completing these steps, your loan will be successfully closed. For added convenience, you can make part payments of your gold loan online or visit the gold loan branch.

What is the minimum limit for the Bajaj Finance gold loan?

The minimum limit that bajaj finance offers for a gold loan is Rs. 5,000.

What is the maximum limit for the Bajaj Finance gold loan?

With Bajaj Finance, you can get a gold loan maximum limit of Rs. 2 crore.

How can I calculate my gold loan eligibility?

To determine your eligibility for a gold loan in India, assess the value of the gold you plan to pledge. Lenders calculate eligibility based on the weight and purity of your gold and the loan-to-value (LTV) ratio, which can go up to 75% of the gold’s market value. Using a gold loan calculator provided by lenders helps estimate eligibility, factoring in the current gold rate and the characteristics of your gold.

What is the process for pledging gold for a loan?

To secure a loan against gold, select a trusted lender offering competitive terms. The process, known as gold pledge, involves bringing your gold items to the lender, where they are evaluated for purity and weight. After determining the gold’s market value, the lender offers a loan amount based on the gold loan per gram rate and LTV. Once agreed upon, submit basic documents, sign the agreement, and the lender holds your gold as collateral until the loan is repaid.

How to get a gold loan with the best interest rate?

To secure a gold loan in India with favourable gold loan interest rates, focus on factors such as the gold loan per gram rate, repayment flexibility, and processing fees. Using a gold loan calculator to determine potential repayment schedule to meet financial needs without excessive costs.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.