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Gold loans are affordable financing options that offer low interest rates and other associated charges. You must check applicable charges like gold loan processing fees when deciding on a suitable loan offer to assess affordability.
You can use our online gold loan calculator to determine your maximum loan liability to meet per month. Accordingly, you can select a suitable financing option from the available gold loan offers.
Key takeaways
Thanks to improved customer-friendly features, our gold loan is now available at low minimal processing fees of up to 0.20% of the loan amount (inclusive of applicable taxes) for a gold loan.
This fee is subject to a minimum Rs. 150/- (Inclusive of applicable taxes) and maximum of Rs. 1000/- (Inclusive of applicable taxes)
Other charges levied on the advance include:
Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for part release of ornament(s) pledged.
In addition to the processing charges, borrowers are also responsible for paying interest on the gold loan amount. The gold loan interest rate may vary based on factors such as the loan-to-value ratio, tenure, and prevailing market conditions.
As secured advances, gold loans attract low rates of interest as against several unsecured advances availed for the same purpose. With Bajaj Finance, you can avail of a gold loan at interest rate starting from 9.50% to 24.25% per annum.
You have multiple gold loan repayment options, wherein you can choose to pay interest only initially and postpone principal repayment until the end of the gold loan tenure. It allows the flexibility of managing finances as per your repayment capacity.
With Bajaj Finance, you can obtain a high-value gold loan of up to Rs. 2 crore easily, catering to your financial needs. Your valuable gold jewellery, ornaments or coins is securely
stored in state-of-the-art vaults, safeguarded by round-the-clock surveillance. Additionally, you can rely on the appraisal process for your gold to be precise and transparent. Bajaj Finance has advanced karat metres, ensuring that you receive the best possible value for your gold as the loan amount. Loan amount is based on eligible LTV, actual purity, and the lower of the previous day’s closing price or 30-day average price (published by IBJA or SEBI-regulated exchange).
As long as you are an Indian citizen aged between 21 and 80 years, you can easily apply for a Bajaj Finance Gold Loan. You only need to submit one of the accepted KYC documents, including your Aadhaar Card, voter ID card, driving license, passport, NREGA job card, or a letter from the National Population Registration.
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
Here are some common advantages of a gold loan:
Low interest rates on a gold loan can impact your borrowing experience significantly. With Bajaj Finance, for instance, you can access funds at competitive rates, starting from just 9.50% to 24.25%* p.a., making it an affordable solution for your financial needs. This can help you save on interest costs, manage your expenses, and ensure a smooth repayment experience.
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, if any, will be due for payment at the time of loan maturity. The gold loan repayment tenure can range from 1 day to 12 months.
The eligibility requirements for a Bajaj Finance Gold Loan are fairly simple. You just need to provide the KYC documents for gold loan, like your Aadhaar Card, voter ID card, passport, driving licence, NREGA job card, or a letter from the Nation Population Registration as proof of identity and residency.
You can apply to renew your gold loan before the maturity date if your loan is in standard status and within the permitted LTV limit. This option is available only to existing gold loan customers. For bullet repayment loans, any accrued interest must be paid before renewal. All requests are subject to credit checks, and applicable fees or charges may apply. Renewal is not allowed after the loan has matured.
You can request a top-up on your existing gold loan before the maturity date, subject to credit assessment, LTV limits, and the loan being in standard status. This facility is available only to existing gold loan customers. Top-up requests are not permitted after the loan has matured, even if there are outstanding dues.
From planned needs to sudden costs, your gold has you covered. Check your gold loan eligibility now and unlock immediate financial support.
The eligibility criteria for gold loan is pretty easy to meet. You just have to fulfill the below requirements and submit a few basic documents to complete the application process.
Applying for a gold loan with Bajaj Finance is quick and simple. You can visit the nearest Bajaj Finance Gold Loan branch or apply online from the comfort of your home. To apply online, just follow these easy steps:
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.
With Bajaj Finance, you just have to pay 0.20% of the loan amount (inclusive of applicable taxes). Subject to a minimum Rs. 150 (inclusive of applicable taxes) and maximum processing fee for gold loan of Rs. 1000 (inclusive of applicable taxes).
Bajaj Finance disburses gold loan amounts directly to your bank account via NEFT/IMPS, or account credit. You can choose your preferred mode while applying, making the process quick and convenient.
No, Bajaj Finance does not offer an overdraft facility on gold loans. However, you can avail of a gold loan with multiple repayment options that help manage your expenses effectively without needing a separate overdraft.
Yes, you can foreclose your gold loan at any time before the tenure ends. Bajaj Finance does not charge any foreclosure fees, making it easy to repay early without any extra cost.
Processing fees vary by lender. Bajaj Finance charges a nominal one-time processing fee to cover administrative costs. This fee is communicated clearly during the application process, with no hidden charges.
No, the gold loan processing fee charged by Bajaj Finance is non-refundable, even if the loan is cancelled after approval. This fee covers the cost of evaluation and administrative steps already completed.
Bajaj Finance charges a fixed processing fee for gold loans, which is informed at the time of application. It is a one-time cost and does not change based on the loan amount or tenure.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
