Gold has always been more than just an investment—it is a valuable asset that can provide financial support during urgent situations. Whether you need funds for medical emergencies, business expenses, or short-term cash flow needs, a short-term gold loan offers a quick and convenient solution without having to sell your jewellery.
At Bajaj Finance, we provide gold loan with flexible tenures ranging from 1 month to 12 months, helping you unlock the value of your gold whenever required. The process is simple—apply online or visit your nearest gold loan branch with your gold jewellery. We assess its purity and weight to determine the loan amount, verify your KYC, and disburse the funds within hours*.
With multiple repayment options, you can choose to pay interest monthly, bi-monthly, quarterly, half-yearly, or annually, while the principal or any due interest is payable at the end of the tenure. With minimal processing charges and competitive interest rates, borrowing becomes stress-free. Plus, your gold remains safe with us, allowing you to meet your financial needs with complete peace of mind.
Check your loan eligibility today and get quick access to funds with a short-term gold loan!
Features of short term gold loans
Short-term gold loans provide a quick and convenient financing solution by allowing you to pledge your gold jewellery as collateral. These loans are designed for individuals needing immediate funds with multiple repayment options while retaining ownership of their gold. Key features of a gold loan includes:
- Flexible tenure: Borrow for a period as short as 1 month or up to 12 months, making it ideal for urgent financial needs.
- High loan-to-value (LTV) ratio: Get a loan of up to 75% of your gold’s value, as per RBI guidelines.
- Minimal documentation: Only basic KYC documents are required for quick processing.
- Fast disbursal: Loan amounts starting from Rs. 5,000 to Rs. 2 crore are credited to your account within hours.
- Multiple repayment options: Choose to pay interest monthly, bi-monthly, quarterly, half-yearly, or annually, while the principal and any pending interest are due at loan maturity.
- Secure storage: Your pledged gold is kept safe in high-security vaults under 24x7 surveillance and is insured for added protection.
Gold loans offer a hassle-free borrowing experience with competitive interest rates and easy repayment choices, ensuring you can meet your financial requirements without parting with the ownership of your gold assets.
Eligibility criteria for a short term gold loan
To apply for a short-term gold loan, it is important to meet the basic eligibility criteria. This ensures a hassle-free application process and quick disbursal.
- Age requirement: You must be between 21 to 70 years old.
- Gold purity: The pledged gold must be of 18-22 karats to qualify for the loan.
- Employment type: Any Indian citizen falling in the above age bracket with access to gold jewellery to pledge can apply.
- Credit score: Unlike unsecured loans, a gold loan does not require a high CIBIL score.
Fulfilling these criteria enables swift approval and disbursal. With minimal eligibility requirements, the Bajaj Finserv Gold Loan ensures a transparent process, making it an ideal choice for urgent financial needs.
Check your eligibility today and avail maximum value for your gold jewellery.
Documents required to apply for a short term gold loan
What makes gold loan an emerging financial instrument is the ease of application and fast access to the funds required. Applying for a gold loan is a hassle-free affair with easy paperwork and smooth processing. To apply for a short-term gold loan, you need to submit any of the following
gold loan documents :
- Aadhaar card
- Voter ID card
- Driving Licence
- Passport
- NREGA job card
- Letter from NPR
Though PAN card is not a mandatory document, you need to submit your PAN card for loans above Rs. 5 lakh.
Short term gold loan interest rates
The
gold loan interest rate in India on short-term gold loans change based on various factors, like market conditions, loan amount, and tenure. Generally, these loans come with competitive rates, ensuring affordability. Here are a few factors affecting interest rates:
- Gold purity: Higher purity fetches better loan terms.
- Loan amount: Higher loan amounts may come with better rates.
- LTV ratio: Higher LTV may result in slightly higher interest.
- Market conditions: Rates fluctuate based on gold prices.
Bajaj Finance offers competitive interest rates with transparent terms, making it a wise financing option.
Benefits of choosing a short term gold loan
Short-term gold loans offer financial flexibility while keeping your jewellery secure. These loans come with several benefits, including:
- Lower interest rates compared to personal loans.
- Extended repayment tenure of up to 12 months.
- No impact on credit score, making it accessible for all.
- Quick approval and disbursal to meet urgent needs.
- Multiple repayment options to pay interest on chosen terms.
The Bajaj Finserv Gold Loan allows you to maximise your gold’s value while offering convenient and affordable repayment options.
Short term vs long term gold loans
Gold loans provide an easy way to access funds without selling your jewellery. While Bajaj Finserv Gold Loan does not classify loans as short-term or long-term, borrowers can select a repayment tenure based on their financial needs, with multiple repayment options.
A shorter tenure is ideal for those who need quick funds for urgent expenses like medical emergencies, education fees, or business cash flow. Choosing a shorter repayment period helps minimise interest costs, making it a cost-effective option. However, monthly repayment amounts may be higher if opting for this method.
For those seeking more repayment flexibility, opting for a longer tenure allows structured payments over time, making it easier to manage financial obligations. While this provides convenience, the total interest paid may be slightly higher compared to a shorter repayment period.
With
online gold loan, borrowers can choose a repayment schedule that suits their needs, including monthly, bi-monthly, quarterly, or lump sum repayment at the end of the tenure. The loan process is seamless, with quick disbursal, minimal documentation, and secure gold storage, ensuring a smooth borrowing experience.
How to apply for a short term gold loan
To apply for a gold loan, begin by checking your eligibility using the online calculator. Then, choose a preferred application method—either visit a branch or apply online. Submit the necessary KYC documents along with your gold for valuation. Our representative will assess its purity and weight to determine the loan amount. Once the evaluation is completed, the loan is approved, and the funds are disbursed. With a straightforward process and quick access to funds, securing a gold loan is simple and hassle-free. To apply online, follow these simple steps:
- Click on “Apply” to initiate online application.
- Enter your 10-digit mobile number and click on “Get OTP.”
- Submit the OTP to verify your identity.
- Fill in your personal details and select the nearest gold loan branch.
- Download In-principle loan eligibility letter.
Bajaj Finance provides a seamless gold loan application process with quick approvals.
Repayment options for short term gold loans
Bajaj Finserv Gold Loan offers multiple repayment options, making it an ideal choice for short-term financial needs. Borrowers can choose to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis, ensuring manageable repayments without financial strain.
For short-term gold loans, the principal amount, along with any remaining interest, must be cleared at the end of the tenure. This structure is particularly beneficial for those who require quick funds and wish to repay within a shorter period while retaining their gold assets.
With these
gold loan repayment option options, borrowers can plan their finances efficiently and avoid unnecessary financial burdens. Whether opting for periodic interest payments or a lump sum settlement at maturity, Bajaj Finserv Gold Loan provides a seamless and convenient borrowing experience tailored to short-term financial needs.
