The Bajaj Finserv Gold Loan App equips access to instant funds against gold assets with unparalleled convenience. This innovative mobile application allows users to securely pledge their gold ornaments or assets and obtain quick loans directly from their smartphones. With the Bajaj Finserv Gold Loan App, borrowers can enjoy seamless loan processing, competitive interest rates, and flexible repayment options for gold loans. Experience the power of unlocking the value of your gold assets effortlessly through this user-friendly and efficient app, designed to meet your financial needs anytime, anywhere.
Features and benefits of the Bajaj Finserv Gold Loan App
The Bajaj Finserv Gold Loan App offers a host of features and benefits for users seeking quick financing against gold jewellery. Enjoy quick loan disbursal of your loan amount directly to your bank account, competitive interest rates, and flexible repayment options. Track your loan status, manage repayments, and access customer support conveniently through the app. Benefit from transparent terms, secure transactions, and a hassle-free application process, making it an ideal choice for those in need of immediate funds backed by gold collateral.
Eligibility criteria for a gold loan through the Bajaj Finserv Gold Loan App
To qualify for a gold loan through the Bajaj Finserv Gold Loan App, applicants typically need to be Indian residents aged between 21 and 70 years. They should own 18-22 carat worth of gold ornaments. The eligibility criteria for gold loan may vary based on the lender's policies and specific loan requirements. Applicants must also meet the income and creditworthiness criteria set by Bajaj Finance.
Documents required for a gold loan
To apply for a gold loan through the Bajaj Finserv Gold Loan App, you will need:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
PAN card is not required. However, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card.
Interest rates and charges on gold loans
The interest rates and charges on gold loans offered through the Bajaj Finserv Gold Loan App are competitive and transparent. Interest rates typically vary based on factors such as loan amount, tenure, and prevailing market conditions. Additional charges, such as processing fees, valuation charges, and late payment penalties, may apply. It's advisable to review the terms and conditions to understand the complete cost structure before availing of the loan.
Types of fee |
Applicable charges |
Interest rate |
9.50% to 26% per annum |
Processing fees |
0.15% of the loan amount (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 |
Rs. 8 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 release of ornament/s out of multiple ornaments securing the Gold Loan. |
Part-prepayment charges |
NIL |
Foreclosure charges |
Foreclosure charges are “0”, but in cases the Borrower closes the loan, interest on a pro-rated basis will be applicable. |
How do I download the Bajaj Finserv app from the Play Store?
To download the Bajaj Finserv app from the Google Play Store:
- Open the Play Store on your Android device.
- Search for "Bajaj Finserv" using the search bar.
- Locate the official Bajaj Finserv app and click on "Install."
- Once installed, open the app and follow the on-screen instructions to register or log in.
How to download the Bajaj Finserv app from the App Store?
To download the Bajaj Finserv gold loan app from the App Store (for iOS devices),
- Open the App Store on your iPhone or iPad.
- Search for "Bajaj Finserv" using the search feature.
- Locate the official Bajaj Finserv app and tap on "Get" to download.
- Once downloaded, launch the app and proceed with the registration or login steps.
How to apply for a gold loan via the Bajaj Finserv app?
Applying for a gold loan through the Bajaj Finserv App is simple and convenient.
- Download and install the Bajaj Finserv app from the Play Store or App Store.
- Register or log in to your account using your mobile number or email ID.
- Navigate to the "Gold Loan" section within the app.
- Fill out the loan application form with the required details and submit.
- Upload necessary documents such as Aadhaar card, PAN card, Passport, Driving licence, NREGA job card, or a letter issued by National Population Registration.
- Await loan approval and disbursal, which typically occur quickly via the app.
Things to consider when using a gold loan app
When utilising a gold loan app like Bajaj Finserv, consider the following:
- Understand the loan terms, interest rates, and repayment options before applying.
- Ensure the app's security features to protect personal and financial information.
- Verify the credibility of the lender and app through customer reviews and ratings.
- Evaluate alternative financing options and compare offers to make an informed decision.
- Keep track of repayment schedules and avoid defaulting to maintain a positive credit profile.
