Gold loan for medical emergency

A medical emergency can deplete your savings overnight, as health insurance often does not cover all the treatment costs. If you do not have any health insurance, you would have to pay for all expenses out of pocket. Manage such expenses easily with a hassle-free gold loan up to Rs. 2 crore.

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medication-costs

MEDICATION COSTS

Medication costs can be a significant financial burden, depending on the medication you need, and how long you need to take it for. A gold loan can help you manage these expenses and maintain a steady supply of the required medicine.

hospitalization-costs

HOSPITALISATION COSTS

Insurance generally covers hospitalisation costs only up to a certain daily limit. If you need a room upgrade for more comfortable accommodation, extra meals, and other such services, you can pay for them easily with a gold loan.

surgical-treatments-and-operations

SURGICAL TREATMENTS AND OPERATIONS

Surgical costs are the most expensive part of your hospital bills. If your health insurance cannot cover these costs in full, you can pay for the remaining amount with the help of a gold loan.

lab-tests-and-scans

LAB TESTS AND SCANS

Specialised diagnostic scans can cost thousands of rupees at a minimum. A single MRI scan can cost up to Rs. 20,000, and you may need more than one. Add the cost of other lab tests to this.

Living-expenses

LIVING EXPENSES

While you are admitted in the hospital, you still have to pay your monthly bills. Children's school fees, rent, groceries, utility bills, and gas costs can all add up to a lot. Keeping additional funds at disposal can help you minimise financial stress when you are recovering.

Frequently asked questions

How to get a gold loan?

Getting a loan against your gold jewellery is one of the easiest ways to meet any unplanned expense. To get a loan against gold from Bajaj Finserv, you can apply online, and we will call you and guide you on the next steps or you could simply visit the nearest gold loan branch in your city. To apply for an online gold loan, you need to follow the below mentioned steps:

  1. Click on the ‘APPLY’ option on the top of this page.
  2. Fill out the online form by submitting your basic information. Fill details like name, mobile number and select your city from the drop-down.
  3. On verification of your details, you can submit the form.
  4. Our representative will contact you and help you on the next steps.
Who is eligible to get a gold loan?

Salaried, self-employed individuals, traders, farmers, and businesspersons are all eligible to apply for a gold loan. To get a gold loan from Bajaj Finance, you must be between 21 and 70 years of age and have 18-22 karat gold jewellery.

Know more about gold loan eligibility.

When should you apply for a gold loan?

You should apply for a gold loan when you need money for some unplanned expenses. Also, a gold loan is a good option if you already have the burden of an ongoing loan. You can apply for a gold loan by pledging gold jewellery you may have at your home. To get a gold loan, you can walk in to the nearest Bajaj Finserv Gold Loan Branch in your city. In case you are looking for a more convenient option, you could also fill the gold loan application form on the Bajaj Finserv website.

Can you get a gold loan on jewellery?

Yes, you can get a loan against gold jewellery at an attractive interest rate. Bajaj Finserv gold loan interest rates start from 9.50% p.a. onwards. To get a loan against gold, click on the ‘APPLY ONLINE’ option on the top of this page. You could also walk into the nearest Bajaj Finserv Gold Loan branch in your city.

know how to apply for gold loan online.

What is a gold loan?

A gold loan is a kind of secured loan that you can get from lenders like banks or Non-Banking Financial Companies (NBFC). Here you have to pledge your gold jewellery as collateral to get the loan against gold.

Lenders decide the loan amount after checking the weight and purity of your gold jewellery. They do the LTV calculation, which is ‘loan to value’ ratio. The loan amount provided by the lender is up to 75% of the value of your gold jewellery. The value is based on the current market value of gold.

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