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Understanding gold loan in Rewari
A gold loan in Rewari lets you raise funds by pledging eligible gold jewellery, ornaments or coins. You can retain ownership of the gold while it remains in the lender’s custody during the loan tenure.
The eligible loan amount depends on purity, net weight, assessed value and applicable LTV limits. Your gold is assessed in your presence, and KYC, documentation and applicable credit checks are completed before processing. Under bullet repayment, principal and interest due are paid at maturity. Under regular repayment, interest due is paid at half-yearly intervals as per the repayment schedule, while principal is paid at maturity.
Features and benefits of a gold loan in Rewari
A gold loan can help you access funds against eligible gold without selling it. Key gold loan features include:
- Loan amount from Rs. 5,000 to Rs. 2 crore: Your eligible loan amount depends on your gold’s assessed value, eligibility and applicable LTV limits.
- Transparent evaluation: Your gold is evaluated for purity and net weight. The valuation uses the lower of the previous day’s closing price or the 30-day average closing price for the relevant purity, published by IBJA or a SEBI-regulated commodity exchange.
- Free insurance of gold: Your pledged gold is insured against theft, burglary, fire at the branch and misplacement while it is in our custody.
- Multiple repayment options: Under bullet repayment, principal and interest due are paid at maturity. Under regular repayment, interest due is paid at half-yearly intervals according to the repayment schedule, while principal is paid at maturity.
- Part-release facility: Repay part of your loan and release a portion of your pledged gold before maturity, as per the part-release process.
- No additional part-prepayment or foreclosure charges: Part-prepayments and foreclosure can be made without additional charges.
- Easy application: Apply online or visit a gold loan branch in Rewari for assistance.
Pro tip: Before you pledge your gold, know your options. Check your gold loan eligibility and choose the right amount and tenure.
Gold loan calculator in Rewari
Use the onlin gold loan calculator to estimate the loan amount and repayment cost against your gold.
- Enter the required amount: Add your desired loan amount and select a repayment tenure.
- Add gold details: Enter the approximate weight and purity.
- Check your estimate: Review the indicative eligible loan amount.
- Review repayment details: Check the estimated interest and repayment information.
The calculator provides an estimate. The final loan amount depends on physical gold assessment, valuation and applicable LTV limits.
Repayment options for gold loans in Rewari
Gold loan repayment in Rewari follows the structure applicable to your loan.
- Bullet repayment: Principal and interest due will be paid at maturity.
- Regular repayment: Interest due is paid at half-yearly intervals as per the repayment schedule, while principal is paid at maturity.
- Part payment: Part-prepayments and foreclosure can be made without additional charges.
Safety and security of gold collateral in Rewari
Your pledged gold remains in secure custody throughout the loan tenure. Security measures are used to protect the gold until repayment.
Bajaj Finance stores pledged gold in secure vaults with 24x7 surveillance and provides free insurance against theft, burglary, fire at the branch and misplacement while the gold is in our custody.
Your gold is assessed in your presence and its purity and net weight are recorded. If collateral release is delayed due to the lender’s fault, compensation of Rs. 5,000 per day applies as per the applicable process.
Why choose Bajaj Finance to avail a gold loan in Rewari?
Bajaj Finance Gold Loan lets you access funds against eligible gold while retaining ownership. With us, you can get loan starting from Rs. 5,000 up to Rs. 2 crore at low interest rates, with quick processing, free insurance of gold and multiple repayment options. We offer a high loan-to-value ratio, ensuring that you can get the maximise value as loan to manage your expenses easily. The loan comes with an easy application process, minimal documentation and easy eligibility criteria. With free insurance cover for the pledged gold jewellery and secure storage facilities, you can rest assured that your gold is safe. Additionally, they ensure the safety of gold collateral through secure storage facilities, making them a trustworthy choice for availing a gold loan in Rewari.
How is the value of gold determined for a gold loan in Rewari?
Gold value is determined using purity, net weight and the applicable gold price benchmark.
Your gold is assessed in your presence. The valuation uses the lower of the previous day’s closing price or the 30-day average closing price for the relevant purity, published by IBJA or a SEBI-regulated commodity exchange. Only intrinsic gold value is considered, excluding stones, gems and embellishments.
Please note, 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.
Quick tip: Planning to use your gold for quick funds? Check your gold loan eligibility now and see how much you can borrow instantly.
Know more about gold Loan in Indian states and Union Territories
| Gold Loan in Andhra Pradesh | Gold Loan in Gujarat | Gold Loan in Maharashtra |
| Gold Loan in Chandigarh | Gold Loan in Karnataka | Gold Loan in Manipur |
| Gold Loan in Goa | Gold Loan in Kerala | Gold Loan in Tamil Nadu |
Know more about gold loan in other cities
Gold loan interest rates and charges in Rewari
The gold loan interest rate in Rewari ranges from 9.50% to 24.25% per annum. Your applicable rate can depend on the loan amount, LTV, repayment structure and financial profile. Knowing the rate before applying can help you plan the overall cost of borrowing.
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Eligibility criteria and documents required to apply for gold loans in Rewari
Bajaj Finance has kept the eligibility criteria for gold loans in Rewari simple and inclusive, making this financing option accessible to a wide range of residents. Any Indian citizen can easily apply for a gold loan as long as they meet the gold loan eligibility criteria. You have to be aged between 21 and 80 years and have 18-22 karat gold jewellery or ornaments to pledge for a gold loan in Rewari. You can also pledge gold coins up to 24 karat purity.
You just need to submit any one of the following KYC documents for gold loan to complete your application process:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
Though the PAN card is not a mandatory requirement, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card as well.
Thinking of applying for a gold loan? Start with a simple step—check your gold loan eligibility today.
How to apply for a gold loan in Rewari?
Applying for a gold loan in Rewari with Bajaj Finance is a convenient and efficient process. You can choose to visit a nearby Bajaj Finance branch or apply online through the Bajaj Finance website or App. You just need to visit the nearest gold loan branch with your eligible gold and required documents. The representative will evaluate the gold based on its purity and applicable gold rate to determine the loan amount. After the valuation, basic KYC verification is done, and once approved, the borrower receives the loan amount.
Discover your borrowing potential by checking your gold loan eligibility. It takes just a few clicks and no waiting.
Frequently asked question
Loan Value
Loan Application
The gold loan amount in Rewari is calculated based on your gold’s purity, net weight, assessed value and applicable LTV limit. Your gold is assessed in your presence, and the final amount is determined after applying the relevant valuation and LTV guidelines.
You can apply for a gold loan in Rewari at any Bajaj Finance branch. With dedicated staff to assist you, Bajaj Finance provides a simple, in-branch application process. Bring required documents and gold ornaments for valuation, and you can receive funds swiftly. Bajaj Finance’s accessible locations in Rewari make it convenient to apply. You can also apply via Bajaj Finance App or website from the comfort of your home.
Yes, you can apply for a gold loan online in Rewari through Bajaj Finance App and website. Simply fill out the online application form, and you will be contacted to complete the gold evaluation. This process enables faster loan disbursement, allowing you to secure funds often in one branch visit*.
Yes, existing customers can request renewal before maturity if the loan is in standard status and within the permissible LTV limit. For bullet repayment, accrued interest must be cleared before renewal. Renewal involves credit checks and fresh applicable charges. Renewal is not allowed after maturity
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *