Gold Loan Eligibility and Documents

Gold Loan Eligibility and Documents

Bajaj Finance offers a fast gold loan process with minimal documents, ensuring quick approval—ideal for urgent requirements or planned financial needs. Simple, secure, and efficient.

Rs. 5,000 - Rs. 2 crore

To find the nearest gold loan branch,

Enter phone and OTP | Check amount you can get | Apply for quick funds

Gold loan eligibility

Gold loans are a highly popular choice in India because they come with low interest rates, thanks to the security provided by the gold pledged. One of the biggest advantages is the quick disbursal of funds, often within just a few hours or by the end of the day, making them ideal for urgent financial needs. Another key benefit is the minimal paperwork involved, which reduces stress and saves time. Multiple repayment options, including monthly, bi-monthly, quarterly, half-yearly or annual repayments, make gold loans even more convenient. Though it is important to note that any principal or interest is due for payment before the tenure ends.

To apply, you simply need to meet the basic gold loan eligibility criteria. With such simplicity and convenience, gold loans have become a go-to solution for many Indians seeking immediate funds.

Bajaj Finance offers loan amounts ranging from Rs. 5,000 to Rs. 2 crore at competitive interest rates. Check our gold loan calculator now to determine your repayment schedule!

 

What is the gold loan process?

The gold loan process is fairly simple with Bajaj Finance:

  • Fill out the online application form: Visit our website and complete the form with your details.
  • Book an appointment: Schedule a visit to your nearest gold loan branch for the physical evaluation of your gold.
  • Verify your KYC documents: On the appointment day, bring your gold jewellery and KYC documents for gold loan verification.
  • Jewellery assessment: The branch will evaluate your gold jewellery’s purity and weight. Based on the evaluation, your loan amount will be determined.

Once the evaluation is complete, the loan amount is transferred to your bank account in as little as 48 hours*. This streamlined gold loan procedure ensures quick and efficient access to funds.

 

Calculate your gold loan amount

You can use our online gold loan calculator to estimate the loan amount you can avail based on your gold’s weight, purity, and the current market rate. This tool also helps you determine the interest payable by factoring in the loan tenure and interest rate, ensuring better financial planning.

To secure a loan, you must meet the gold loan eligibility criteria, which generally include age requirements, ownership of gold jewellery, and identity verification. Meeting these criteria ensures quick approval and hassle-free disbursement. Use our gold loan calculator to plan your loan efficiently and check your gold loan eligibility before applying.

Things to consider before applying for a gold loan

Before applying for a gold loan, it is crucial to understand certain factors to ensure you make the most of your borrowing experience. A well-planned approach will help you get the best value from your Bajaj Finserv Gold Loan.

  • Check gold purity and value: The gold's purity of your jewellery plays a major role in deciding the loan amount you can get. Higher purity usually means a higher loan value.
  • Understand gold loan interest rates and tenure: Use our gold loan calculator to estimate your gold loan interest and select a tenure that suits your needs.
  • Know the loan-to-value (LTV) ratio: This determines how much of your gold’s value you can borrow, helping you decide on the right loan amount. With us, you can get up to 75% of your gold’s value as loan.
  • Prepare documentation: Keep necessary documents like ID and address proof ready for faster processing. 

Gold quality and purity criteria for loan approval

To get quick approval on a gold loan, it is important to focus on a few essential points.

  • Purity: The pledged gold must have a purity of 18-22 karats, as gold purity directly affects the loan amount.
  • Gold price: Always check the latest gold price in India to get the highest possible loan value for your jewellery.
  • LTV ratio: The loan-to-value (LTV) ratio, capped at 75% by the RBI, decides how much you can borrow.
  • Documents: Ensure all documents required for gold loan are ready, as complete gold loan documents help speed up the approval process. 

 

Features that make the gold loan process quick and easy

The gold loan process is quick and easy due to several factors:

  1. Minimal documentation: You just need to provide your basic KYC documents, primarily focusing on verifying your identity and assessing the purity and weight of the gold you are pledging.
  2. Secured nature: Since gold loans are backed by the gold you provide as collateral, lenders can process your loan faster, knowing they have security against the borrowed amount.
  3. Quick disbursement: With minimal documentation and the security of your gold, lenders can swiftly approve and disburse the loan amount to you, often within a few hours of application.
  4. No credit check: Gold loans typically do not require a credit check. This means your credit history won't slow down the process, making it faster and more accessible for you to get the funds you need.


Who is eligible for a gold loan?

You can qualify for a gold loan easily, as long as you are within the eligible range, and you have 18-22 karat gold jewellery. You do not need to have a high CIBIL Score to apply for this loan, as you are providing your gold jewellery as collateral.

You can only submit gold jewellery as security against this loan. We do not currently accept gold coins, bars, idols, utensils, or any other items as collateral.

To be eligible for a gold loan, you must meet some basic requirements set by lenders, ensuring you can secure the loan with minimal hassle. Here’s a quick overview of the general eligibility criteria:

  • Age: Most lenders require borrowers to be between 21 and 70 years.
  • Ownership: You must own the gold you’re pledging.
  • Gold purity: Typically, only gold jewellery with 18-22 karats is accepted.
  • Income proof: Generally not required, making it accessible to various income groups.

Gold loans are open to salaried individuals, business owners, farmers, and even students.

 

Discover your borrowing potential by checking your gold loan eligibility. It takes just a few clicks and no waiting.

Tips for faster gold loan processing and approval

Getting a gold loan approved quickly requires careful preparation. Here are some essential tips to speed up the process:
 

  1. Choose a reputed lender – Opt for established financial institutions with quick processing times and minimal documentation requirements.
  2. Keep documents ready – Ensure you have identity proof, address proof, and recent photographs to avoid delays.
  3. Pledge high-purity gold – Lenders offer better loan amounts and faster approvals for gold of 18-22 karats.
  4. Apply online – Using a lender’s official website or mobile app can streamline the process and save time.
  5. Maintain a good financial record – While gold loans do not require a credit check, a clean financial history can help with smooth processing.

By following these tips, borrowers can ensure hassle-free approval and quick access to funds when needed.

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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 for gold loan

  • Nationality: Indian
  • Age: 21 to 70 years
  • Gold purity: 18-22 karat

Documents required for gold loan

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.

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Gold Loan Application Process

Applying for a gold loan with Bajaj Finance is quick and hassle-free. You can visit the nearest Bajaj Finserv Gold Loan branch or apply online through the Bajaj Finserv App or official website from the comfort of your home. To apply online, just follow these easy steps:


  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-principal loan eligibility letter.

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


Check your gold loan eligibility in seconds to know how much you can borrow—easy, accurate, and hassle-free.

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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*.