Bajaj Finserv Gold Loan scheme

What is a gold loan scheme?

If you have gold jewellery, ornaments or coins and need funds, you are not limited to just one way of borrowing. Financial institutions offer different gold loan schemes so you can choose one that matches your needs and comfort. Each scheme comes with its own features, such as the per gram rate offered on your gold, the flexibility to select a tenure, and the maximum loan amount you can avail.

The right gold loan scheme helps you strike a balance between how much you borrow and how easily you can repay it. You can pick from a range of gold loan repayment options based on your financial situation, which makes managing the loan simpler. By choosing a scheme that suits you, you can plan your repayments better and meet your total liability on time. Understanding how these schemes work also helps you use a gold loan more confidently when the need arises.

What are the gold loan schemes available in India?

The Indian government does not directly offer gold loans to individuals like private lenders or banks do. However, it supports and regulates certain gold-linked schemes and facilitates access to gold loans through public sector banks. Here are key schemes and government-supported avenues:

1. Gold Monetisation Scheme (GMS)

• Purpose: Not a loan, but a deposit scheme to mobilise idle gold.
• Launched by: Government of India via banks.
• Benefit: Earn interest by depositing your gold for short, medium, or long term.

Note: This scheme does not offer loans, but helps utilise gold holdings productively.

2. Gold loan schemes via public sector banks

Government Banks offer government-supported gold loan products:

• MSME gold loan plus – for small business owners with Udyam registration.
• Swarna loan– available for agricultural and personal needs.

These schemes are regulated by the RBI and aligned with government initiatives to increase financial inclusion, especially for rural and underserved sectors.

**Please note that Bajaj Finance is not associated with any government gold loan scheme and independently offers gold loans based on its own terms, conditions, and eligibility criteria.
 

Features and benefits of gold loan scheme in India

Gold loan schemes in India are regulated by the Reserve Bank of India (RBI), making them a reliable and accessible way to borrow against gold jewellery. These schemes are designed to offer quick liquidity while ensuring borrower protection through standard guidelines.

• High loan eligibility: You can borrow up to 75% of your gold’s value as per RBI’s LTV norms for consumption loans.
• No fixed loan limit: The loan amount depends on the value, weight, and purity of the pledged gold jewellery.
• Quick access to funds: Gold loans are processed faster compared to unsecured loans due to minimal verification.
• Simple documentation: Basic KYC documents are sufficient to apply, making the process easy to complete.
• Secure storage: Lenders are required to store pledged gold safely in insured vaults with proper security measures.
• Flexible repayment options: You can choose repayment methods such as EMI or bullet repayment based on your comfort.
• Transparent valuation: Gold is valued using recognised market benchmarks, ensuring fair pricing.
• Prepayment flexibility: Many lenders allow early repayment or foreclosure, often with minimal or no charges.

These features make gold loans a convenient option for meeting short-term financial needs without selling your gold assets.

Compare different offers from available lenders to choose your gold loan scheme wisely. Use a gold loan calculator to estimate repayment liability and apply for a suitable loan accordingly.

Budget-driven gold price movements can influence your borrowing potential. Check your gold loan eligibility today to understand how current gold rates work in your favour!

How does a gold loan work?

A gold loan by Bajaj Finance is a quick and reliable way to access funds by pledging gold jewellery, ornaments or coins. The process is simple, transparent, and ideal for urgent financial needs.

• Download the Bajaj Finserv App or website to apply online.
• You can also visit the nearest Bajaj Finserv Gold Loan branch.
• Submit any one of your basic KYC documents.
• Gold jewellery, ornamnets or coins are evaluated in your presence for weight and purity.
• Based on the gold’s value, a loan amount is offered.
• Choose a suitable gold loan tenure (from 1 day to 12 months).
• Once approved, the loan amount is transferred to your bank account.
• Repay through convenient interest repayment options.
• After complete repayment, your gold is safely returned.

Your pledged gold is stored securely in protected vaults with 24x7 surveillance and covered under a free insurance against theft and misplacement. The entire process is transparent with no hidden charges, offering a hassle-free experience for anyone looking to leverage their gold for short-term funding.
 

Benefits of availing a gold loan 

Bajaj Finserv Gold Loan offers multiple benefits that make it a popular financing option across India, especially for those looking for quick and stress-free access to funds.

• Quick loan disbursal after gold evaluation.
• Competitive gold loan interest rate starting from 9.50% to 24% per annum per annum.
• Multiple gold loan tenure ranging from a 1 day to 12 months.
• Multiple repayment options—monthly, bi-monthly, quarterly, half-yearly or annual interest repayment.
• No foreclosure or part-prepayment charges.
• No hidden fees or complex procedures.
• Gold is stored securely in protected vaults with high-level safety protocols.

These benefits ensure that your financial planning remains on track without the stress of high repayments or lengthy paperwork. With Bajaj Finance, you can rely on transparency, flexibility, and complete peace of mind while availing funds against your gold jewellery, ornaments or coins.

Have idle gold lying at home? Turn it into instant funds with a Bajaj Finserv Gold Loan today! Apply now 

*Please note that Bajaj Finance does not offer gold loan schemes, as these are government initiatives. However, you can avail a Bajaj Finserv Gold Loan to manage your expenses easily and with greater flexibility.