Advantages of opting for a Bajaj Finance Gold Loan
Here are the key reasons why you should choose our gold loan when you need quick finance:
Loan of up to Rs. 2 crore
We provide gold loan ranging from Rs. 5,000 to Rs. 2 crore. Once your gold jewellery, ornaments or coins are evaluated for its value as per the last ongoing gold market rates, you can choose the amount that best meets your needs from your total offer. Bajaj Finance considers lower of the previous day’s closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange to evaluate the loan amount against your gold.
Convenient repayment options
With us, you get multiple repayment options to repay your loan. You can make regular gold loan interest payments on monthly, bi-monthly, quarterly, half-yearly or annual basis. It is important to note that any pending interest or principal amount due is to be paid by the end of the tenure.
Simple application procedure
The gold loan application process for our gold loan is fairly simple. You can apply online or in person at the nearest Bajaj Finance Gold Loan branch. When you visit our nearest branch in your city to complete the process, we will evaluate your gold using the best-in-class carat metres and offer you an amount based on the current market rates for gold.
Part-release facility
You do not need to keep all your gold with us until you finish paying all your debt. You can repay a portion of your loan and retrieve some of your gold before the end of the tenure with easy our gold loan part release facility.
No part-prepayment or foreclosure fee
You will not be charged any additional charges if you want to prepay a part of your loan or foreclose the entire loan. This allows you to get your gold back into your possession without the stress of paying any additional prepayment costs.
Free gold insurance
Your pledged gold is stored securely in advanced vaults with 24x7 surveillance. On top of that, our free insurance of gold offers extra protection, covering you against theft, burglary, fire at branch or misplacement.
Gold loan renewal
You can apply to renew your gold loan before it reaches the maturity date, as long as the account is in standard status and within the allowed LTV limit. This option is available only to existing gold loan customers. For bullet repayment loans, any pending interest must be cleared before renewal. All renewal requests are subject to credit checks, and approvals are recorded in BFL’s core systems, with applicable fees or charges. Gold loans cannot be renewed once they have crossed the maturity date.
Gold loan top-up
You may also request a top-up on your existing gold loan before maturity, subject to credit evaluation, LTV limits, and the loan being in standard status. Approvals are recorded in BFL’s core systems. Top-up requests are not permitted after the loan has matured, even if any amount is still outstanding. This facility is available only to existing gold loan customers.
Do not let your gold sit idle—tap into its value with a gold loan that suits your needs. Check your gold loan eligibility today!
