Gold Loan in Salem

Here’s a comprehensive guide on benefits, interest rates, and the process to get a gold loan in Salem. Check your loan eligibility today and get the best value for your gold.
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 Gold Loan in Salem
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3 min
26 April 2025

In Salem, gold holds significant cultural importance, symbolising prosperity, tradition, and elegance. The city's love for gold is evident during weddings and festivals, where intricate gold jewellery adorns both men and women, reflecting Salem's rich craftsmanship and artistic heritage.

Get a gold loan in Salem from Bajaj Finance and manage various financial requirements with ease. Get a ​​gold loan per gram at a competitive interest rates, multiple repayment options, and more.

Why is gold loan a feasible borrowing mode in Salem?

Availing a gold loan in Salem is a popular choice for many residents seeking quick and hassle-free financial assistance. These loans offer flexibility and convenience, allowing individuals to leverage their gold assets without relinquishing ownership. With transparent terms and minimal documentation requirements, gold loans in Salem provide a convenient solution for meeting various financial needs, from emergency expenses to investment opportunities.

So, if you are looking for quick funds, the Bajaj Finserv Gold Loan offers you an easy and hassle-free option. You can avail funds starting from Rs. 5,000 up to Rs. 2 crore with interest rates starting at just 9.50% p.a. With our gold loan, you can meet all your planned and unplanned expenses with great ease. Our gold loan offers several benefits.

Benefits and features of gold loans in Salem

  • 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 or foreclosure fee*
    Repay a part of your loan in advance or pay the entire amount at no extra cost.
  • Transparent evaluation
    We use the most advanced karat metres across all our branches to make sure you get the most value for your gold.
  • Free insurance for gold
    Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.
  • Convenient repayment options
    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 representatives 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.

Eligibility criteria to avail gold goans in Salem

Anyone can apply for a gold loan for farming, business needs, medical emergencies and more, as long as they meet the basic eligibility criteria. You just need to be an Indian citizen between the ages of 21 years to 70 years. You need to submit any one of the basic KYC documents to complete your application process.

Documents required to get gold loans in Salem

  • 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.

Gold loan interest rates and charges in Salem

With us, you can get a gold loan interest rate starting at just 9.50% per annum. You can stay assured of zero hidden charges with our 100% transparent terms and conditions.

Know all about our fees and charges before applying.

Gold loan calculator in Salem

The Bajaj Finserv Gold Loan Calculator is an online tool that you can use to calculate your gold loan interest rate and loan term. One of the key benefits of using our gold loan calculator is that it provides you with precise loan estimates based on the gold loan rate per gram. The calculator simplifies the process. Input your gold's weight or desired loan amount, and it provides an immediate estimate of the maximum loan amount available.

Why choose Bajaj Finance to avail a gold loan in Salem?

Bajaj Finance offers a hassle-free application process, requiring minimal documentation and ensuring quick approval, making it an ideal choice for those in urgent need of funds. With additional benefits like multiple repayment options and transparent terms, we ensure a smooth and customer-focused borrowing experience, making it the preferred choice for availing of a gold loan in Salem.

How to apply for a gold loan in Salem?

Here is a detailed guide to apply for a gold loan.

  • Click on ‘APPLY’ located at the top of this page to open our online application form.
  • Enter your 10-digit mobile number and click on ‘GET OTP’.
  • Submit the OTP to verify your identity.
  • Select your state and city to find the branch nearest to you.
  • Enter your full name and date of birth as per your PAN.
  • 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.

Gold loan in other cities

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Know more about Gold Loans in Indian States and Union Territories 

Gold Loan in Tamil Nadu

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Visit the nearest Bajaj Finserv Gold Loan branch in your city.

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the minimum loan amount I can get against gold in Salem?

With Bajaj Finance, you can a minimum of Rs. 5,000 as a loan against gold.

What is the maximum tenure of a Gold Loan in Salem?

With us, you can get a maximum gold loan tenure of up to 12 months.

Can I get a gold loan from the Salem branch without a residential proof?

No, if the customer's current city differs from their permanent address, presenting current address proof becomes mandatory to access a gold loan, alongside proof of identity.

Acceptable documents for "Current address proof" include:

  1. Utility bills (issued within the last two months) from service providers such as electricity, telephone, post-paid mobile phone, piped gas, or water bills.
  2. Pension or family pension payment orders (PPOs) issued by Government Departments or Public Sector Undertakings (PSUs) if they feature the address.
  3. Property or municipal tax receipts.
  4. Letters of accommodation allotment from employers issued by State/Central Government Departments, statutory or regulatory bodies, PSUs, scheduled commercial banks, financial institutions, and listed companies, as well as leave and license agreements with such employers for official accommodation.

Accepted documents for "Permanent address proof" include Aadhar Card, Passport, Driving License, Voter Card, Letters issued by the National Population Register, and NREGA job cards.

Can I pay gold loan interest online in Salem?

Yes, you can pay your gold loan interest online in Salem.

Can I avail EMI facility on a gold loan in my city, Salem and if so, how?

No, you do not have the EMI facility on a gold loan. Though can you choose to pay your gold loan interest on a monthly, bi-monthly, quarterly, half-yearly, or annually, as per your convenience.

How can I check gold loan status in Salem?

To check the status of your gold loan just visit the nearest gold loan branch or simply sign-in to ‘My Account’ on Bajaj Finserv website or app.

How can I repay my gold loan faster in Salem?

We offer multiple gold loan 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.

Are there any extra charges applicable against gold loan foreclosure in Salem?

You can repay a part of your loan in advance or pay the entire amount at no extra cost. Though, in case you close the loan within 7 days of booking, minimum 7 days interest is charged.

How safe are my gold ornaments with Bajaj Finance in Salem?

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

What are the different schemes available for Gold Loan in Salem?

Some of the most popular government gold loan schemes are: Sovereign gold bond scheme, gold monetisation scheme, gold metal loan scheme, revamped gold deposit scheme, gold coin and bullion scheme.

How to get a gold loan in Salem?

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.

When should you apply for a gold loan in Salem?

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 in Salem?

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. 

How do fluctuations in gold prices impact your gold loan in Salem?

Fluctuations in gold prices directly influence your gold loan value. As the gold price changes, so does the collateral's worth, affecting the loan amount. It's essential to monitor the gold rate to understand these variations and make informed decisions about your gold loan, ensuring financial stability.

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