Gold Loan Features | Advantages of Gold Loan

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Gold Loan Features and Benefits

Here are the key features and benefits of our gold loan

Part-release facility

With our gold loan 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 best instruments across all our branches to make sure you get the most value of your gold.
Free insurance of gold

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

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.
Easy application process

Apply for a gold loan online. Our representative 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.
Gold loan renewal

Borrowers may renew their gold loan at the end of loan tenure, subject to LTV being as per regulatory norms. A fresh credit appraisal will be done by us prior to renewal. However, renewal post actual loan maturity date is restricted.
Gold loan top-up

You can apply for a top-up on your existing gold loan before its maturity, as long as the loan-to-value (LTV) remains within regulatory limits and a fresh credit assessment is completed by us. However, if your loan has passed its maturity date but is still active due to outstanding dues, a top-up is not allowed.
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.

Still haven’t found what you are looking for? Click on any of the links at the top of this page.

Benefits of gold loans for small businesses

Gold loans offer a practical financial lifeline for small businesses, especially when fast funding is essential. By using gold jewellery as collateral, business owners can access funds quickly without selling gold jewellery or undergoing extensive credit checks. Here are a few reasons that make gold loans a wise financial option:

Quick disbursal: Mostly disbursed in just one branch visit, this is ideal for urgent expenses.
Simple process: Minimal documentation makes it hassle-free and time-saving.
No credit score dependency: Approval is based on the gold’s value, not financial history.
Multiple repayment optons: Options can be aligned with seasonal or irregular income cycles.
Secure financing: Your gold remains safe and is returned after repayment.

One of the major benefits of taking gold loan is that it allows small businesses to manage short-term needs efficiently without compromising long-term financial health. This makes gold loans a trusted choice for entrepreneurs looking to grow sustainably.

Gold loan interest rates and charges

When applying for a gold loan, understanding the associated interest rates and charges is essential for informed financial planning. The gold loan interest rates vary depending on the lender, loan amount, and tenure, making it important to compare options before choosing.

Types of fee	Applicable charges
Interest rate	9.50% to 24% per annum
Processing fees	0.15% of the loan amount (inclusive of applicable taxes). Subject to a minimum Rs. 99 (inclusive of applicable taxes) and maximum of Rs. 600 (inclusive of applicable taxes).
Stamp duty (as per respective state)	Payable as per state laws and deducted upfront from loan amount
Cash handling charges	Rs. 50 (inclusive of applicable taxes) applicable for cash disbursement only.
Penal charge	3% per day on Outstanding Balance - Penal charge will be over and above the interest rate slab mentioned above which shall be applicable/chargeable in case of default in repayment of the Outstanding Dues post maturity.
Convenience fee	Convenience fee of Rs. 149 (inclusive of applicable taxes) shall be levied for part release of ornament(s) pledged.
Part-prepayment charges	NIL
Foreclosure charges	Nil, any time post disbursement of loan

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Eligibility criteria

Anyone can apply for our gold loan, as long as they meet the basic gold loan eligibility criteria mentioned below:

Nationality: Indian
Age: 21 to 70 years
Gold purity: 18-22 karat

Documents required

For verification, you just have to provide any one of the following KYC documents. This saves you from complex paperwork and lengthy processes.

Aadhaar card
Voter ID card
Passport
Driving licence
NREGA job card
Letter issued by National Population Registration

While a PAN card is not mandatory, you may be required to submit it when applying for a gold loan of Rs.5 lakh or more.

Frequently asked questions

Overview

Income proof

Processing fee

Is income proof required for a gold loan?

Generally, income proof is not required for a gold loan. The primary benefit of a gold loan is its collateral-based nature, which means that your income or financial status is not a crucial factor in securing the loan. Instead, it's the value of your gold jewellery that determines eligibility.

Is processing fee included in EMI every month?

The processing fee for a gold loan is charged at the time of booking the loan and is not included in your chosen interest repayment frequency. An advantage of a gold loan with Bajaj Finance is that you can select to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis, depending on your convenience.

Is income proof required for a gold loan?

Is processing fee included in EMI every month?

What is a key feature of gold loan?

A key feature of Bajaj Finserv Gold Loan is quick access to funds by pledging your gold jewellery. It offers high-value loans starting from Rs. 5,000 up to Rs. 2 crore with minimal documentation and multiple repayment options.

What are the rules for a gold loan?

To avail of a Bajaj Finserv Gold Loan, you must be between 21 to 70 years old and pledge gold jewellery of 18-22 karats. No credit score or income proof is required, making the process simple and accessible.

What is the maximum loan amount I can get against my gold?

With Bajaj Finance, you can get a gold loan of up to Rs. 2 crore, depending on the purity and weight of your pledged gold jewellery.

Is my gold safe during the loan tenure?

Yes, Bajaj Finance ensures the safety of your gold. Your jewellery is stored in secure, CCTV-monitored vaults with complimentary insurance coverage throughout the loan tenure.

Can I repay the gold loan before the end of the tenure?

Yes, Bajaj Finance allows you to prepay or foreclose your gold loan anytime during the tenure without any additional foreclosure charges.

What is the typical tenure for a gold loan?

Bajaj Finserv Gold Loan offers multiple repayment tenures ranging from 1 day to 12 months. You can choose monthly, bi-monthly, quarterly, half-yearly, or annual interest payments as per your convenience.

Why choose Bajaj Finserv Gold Loan

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.

Features and Benefits of Gold Loan

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Gold Loan Features and Benefits

Benefits of gold loans for small businesses

Gold loan interest rates and charges

Eligibility criteria

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