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A gold loan gives you quick access to funds by pledging your gold jewellery, ornaments, or coins, without selling them. As gold prices rise, the value of your pledged gold increases too, which may result in a higher eligible loan amount. You get low interest rates, minimal paperwork, and multiple repayment options that suit your financial situation.
Since a gold loan is secured against your gold, your eligible loan amount depends on your gold's purity, weight, and applicable LTV. As per RBI guidelines, we value your gold in your presence, using the lower of the previous day's closing price or the 30-day average closing price, published by IBJA or a SEBI-regulated commodity exchange. Whether it is an emergency or a planned expense, a gold loan gives you a reliable way to manage your needs while your gold stays securely stored and insured.
Key takeaways
A gold loan is a secured loan where you pledge your gold jewellery, ornaments, or coins as collateral. We evaluate your gold's purity and weight to determine its assessed value, which forms the basis of your loan amount.
As per RBI's tiered LTV structure, you can borrow up to 85% of your gold's value for loans up to Rs. 2.5 lakh, up to 80% for loans between Rs. 2.5 lakh and Rs. 5 lakh, and up to 75% for loans between Rs. 5 lakh and Rs. 2 crore.
We value your gold in your presence, using the lower of the previous day's closing price or the 30-day average closing price, published by IBJA or a SEBI-regulated commodity exchange. You repay the loan, including interest, within the agreed tenure to get your gold back.
With Bajaj Finance Gold Loan, you can borrow from Rs. 5,000 up to Rs. 2 crore, with low interest rates starting at 9.50% and going up to 24.25% p.a. Your pledged gold stays insured against theft, burglary, fire at the branch, and misplacement throughout your loan tenure.
Applying for a gold loan requires minimal documentation, making the process swift and hassle-free. You only need any one of your basic KYC documents for gold loan, such as Aadhaar card, Voter ID, passport, driving licence, NREGA job card or letter from the National Population Registration. The simplicity of the documentation process is one of the reasons gold loans are a preferred choice for quick financial assistance in India.
Before you pledge your gold, know your options. Check your gold loan eligibility and choose the right amount and tenure.
Consider the following tips before a gold loan application:
To secure the best gold loan rate of interest:
By following these steps, you can maximise your chances of securing the best interest rates on your gold loan with Bajaj Finance.
Check your gold loan eligibility in seconds to know how much you can borrow—easy, accurate, and hassle-free.
When you go for a Bajaj Finance Gold Loan, the interest rate is the main part that affects how much you repay, and it stays low to keep borrowing affordable. We offer interest rate ranging from 9.50% to 24.25% p.a. There is a small processing fee on the loan amount, along with a few other minimal charges, all of which is mentioned upfront on our gold loan interest rate page. The best part is that there are no foreclosure charges, so you can repay your loan early without paying anything extra. Everything is clear and upfront, making it easy to plan your repayments.
Gold loans are relatively easy to obtain due to their simple eligibility criteria. The primary requirement is ownership of 18-22 karat gold jewellery or ornaments. You can also pledge gold coins up to 24 karat purity.
Any Indian citizen, aged between 21 to 80 years, can apply for a gold loan with Bajaj Finance. The value and weight of the gold determine the loan amount, with a maximum loan-to-value ratio usually capped at 85%.
It takes just 2 steps to check your eligibility for a Bajaj Finance Gold Loan. Enter your mobile number now.
The process to avail of a gold loan is pretty straight forward:
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
The value of your gold for a loan is determined by assessing its purity and weight. Lenders typically use a karat meter to check the gold's purity, which should be between 18-22 karats for jewellery and ornaments. You can also pledge gold coins up to 24 karat purity. The weight is measured precisely to calculate the total gold content. The applicable gold rate on the day of appraisal is then applied to determine the gold's worth.
The gold loan process is typically swift and efficient, often completed in just one branch visit*. Once you visit the lender with your gold, get your basic KYC documents verified and get the jewellery appraised. Upon verification and approval, the loan amount is disbursed into your bank account. The simplicity and speed of the process make gold loans a popular choice in India for quick financial assistance.
If you default on your gold loan, the lender has the right to auction your pledged gold to recover the outstanding loan amount, including interest and any applicable penalties. This means you will lose ownership of your gold. Additionally, defaulting can negatively impact your credit score, making it more challenging to secure future loans. Some lenders may also impose late payment fees or additional charges, further increasing your financial burden.
Yes, Bajaj Finance offers a quick gold loan process. Once your gold is evaluated, you can get approval and receive the funds often on the same day, ensuring fast access to the money you need.
To get a gold loan, you can either apply online via the Bajaj Finance App or website or simply visit the nearest Bajaj Finance Gold Loan branch. Your gold will be evaluated based on purity and weight, and the loan amount will be disbursed quickly, often on the same day.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
