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Before you apply for gold loan, it is important to know which gold assets are accepted as collateral. Lenders generally accept eligible gold coins, jewellery and ornaments, such as chains, bangles, rings and other items that meet their purity and valuation criteria.
Gold bars, gold-plated items and certain other forms of gold may not be accepted. The eligible loan amount is determined based on factors such as the purity and weight of the gold and the applicable LTV limit.
Before applying, check whether your gold meets the lender’s eligibility criteria and understand how its value will be assessed. This can help you prepare the required documents and make the gold loan application process smoother.
Key takeaways
You can submit any gold jewellery, ornaments, or coin as collateral against the loan. The only condition that must be met is that the jewellery or ornaments should be of 18-22 karat purity and gold coin up to 24 karat gold purity.
After submitting your online application, you will be scheduled for an appointment at our nearest gold loan branch. Your gold jewellery will be weighed, and the value will be determined using lower of the lower of the previous day’s closing price or the 30-day average closing gold price published by IBJA or a SEBI-regulated commodity exchange. If price information for the specific purity is not directly available, the lender shall use the published price available for the nearest available purity and proportionately adjust the weight of the collateral based on its actual purity to arrive at valuation.
Your loan offer, however, will not be the full value of your pledged gold piece. The maximum loan amount that you can obtain is up to 85% of the total value of your gold. The RBI has established this capping as an industry standard. 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.
We do not accept jewellery or ornaments that are made of mixed metals, such as gold and platinum or gold and silver, as collateral. Additionally, your jewellery or ornaments must be of 18-22 karats and gold coins up to 24 karat karat gold purity. We do not accept other objects such as gold bars, idols, and utensils as collateral either.
Pro tip: Do not let your jewellery sit idle—tap into its value with a gold loan that suits your needs. Check your gold loan eligibility today!
As the loan is given only against gold, any diamonds or other gemstones that are part of your jewellery or ornament will not be considered while evaluating your gold's value. Only the actual gold content is assessed.
Now that you know how easy it is to get a gold loan, simply click on the 'Apply' button right here on your screen to get started. Additionally, you have the option to visit any of our branches with your gold at your convenience.
Interest rates play a big role in how much you end up paying for your gold loan. Bajaj Finance Gold Loan offers low rates, from 9.50% to 24.25%p.a., but it is good to know that your total cost is not just about interest. There are also small charges like stamp duty, processing fees, and convenience charges that can add up. While these charges are minimal, being aware of them helps you plan better. A lower gold loan interest rate means lighter repayments, and with Bajaj Finance, you get rates that keep things affordable. Always check the rate and other costs upfront for a smooth borrowing experience.
Getting a gold loan from Bajaj Finance is simple because of the easy to meet eligibility criteria. Any salaried or self-emplyed individual, pensioner, or homemaker can avail this loan. You need to be an Indian citizen between 21 to 80 years old and have 18-22 karat gold jewellery or ornament to pledge. You can also pledge gold coins up to 24 karat karat gold purity. You do not need a high credit score or heavy paperwork. The loan amount you qualify for depends on the purity and weight of the gold you pledge. If your gold meets the standards, you can walk away with funds in no time. It is that easy and hassle-free.
It takes just 2 steps to check your eligibility for a Bajaj Finance Gold Loan. Enter your mobile number now.
Applying for a Bajaj Finance Gold Loan is quick and convenient. You can start by either applying online via the Bajaj Finance App or web, or simply by visiting the nearest branch with your gold and a valid ID proof. The team will check the purity and weight of your gold, evaluate its value, and share the eligible loan amount with you. Once you agree, the documentation is minimal, and the funds are credited to your account often in just one branch visit. The entire process is transparent, simple, and designed to save your time.
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
With Bajaj Finance, you can get a gold loan ranging from Rs. 5,000 to Rs. 2 crore depending on the purity of your gold, the prevailing gold rate and lender policy.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
