If you find yourself in need of urgent funds, one option to consider is using your gold as collateral. Gold loans are secured loans provided by banks and NBFCs. The current market value of your gold is evaluated to determine the loan amount. This type of loan offers instant access to funds.
Keep reading to know more about the features, benefits, and loan application process related to gold loans.
Make the most of your idle assets
Instead of letting your gold jewellery sit idle in a locker without any benefits, consider taking a gold loan. By utilising this idle asset, you can secure a high loan amount of up to Rs. 2 crore.
When you apply for a gold loan, the value of your jewellery is determined based on the current market gold rates, not the purchase price.Since gold is an appreciating asset, the loan amount offered to you is typically higher than the original cost of the gold jewellery.
Access instant funds
Acquiring a gold loan from Bajaj Finserv is a hassle-free process, making it an excellent choice when you require funds quickly and wish to avoid the higher interest rates associated with unsecured loans.
To benefit from a gold loan, simply fill out an online application form. We will then reach out to schedule an appointment at our nearest gold loan branch. During this appointment, you will have your jewellery evaluated, and the process only takes a few minutes.
Once the loan offer is prepared based on your jewellery's value, the funds are quickly disbursed to your bank account. Also, there is no need to maintain a high credit score or provide proof of income for this loan, streamlining the paperwork process and ensuring a quick experience.
Multiple repayment options
Bajaj Finserv Gold Loan provides you with various repayment choices, ensuring that the loan fits your budget. You have the option to repay your gold loan interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis. You will need to pay the principal amount or any outstanding interest at the time of loan maturity. This allows you to tailor your repayment strategy to suit your specific financial circumstances.
Instant disbursal of funds
Securing a loan against your gold jewellery is a fast and easy process.Since the loan is backed by tangible gold, the approval is easier, requiring minimal document verification and a shorter processing time. You can receive the funds in as little as 15-minutes*, ensuring you get the money you need without delay.
Minimal paperwork
Meeting the eligibility of Bajaj Finserv Gold Loan is easy. You are required to provide essential KYC documents, such as your Aadhaar Card, Voter ID card, passport, or driver’s licence. To apply for a gold loan today, simply visit our website.
