Why should I get a gold loan from Bajaj Finance?

Bajaj Finance offers gold loans for all kinds of needs. With fair and clear interest rates for gold loans . We offer gold loans starting at as little as Rs. 5,000 up to Rs. 2 crore. We also offer multiple options to pay back the loan as per your convenience. There are no additional fees and charges for part-prepayments or foreclosures. You can also use the part release feature, which lets you take out some of your gold jewellery when you need them.

On what type of gold jewellery can I get a gold loan?

You can get a Bajaj Finserv Gold Loan only on 18-22 karat gold jewellery. Gold loan is not given on : Bullions (bars), primary gold (bricks, biscuits), spoons, vessels, religious idols, etc.

Can I get gold loan amount in cash?

Yes, you can get gold loan amount in cash. You can also choose to get the loan amount partly in cash and partly in bank account. The maximum loan amount that you can avail in cash is Rs. 19,999.

How safe and secure will my gold be?

With Bajaj Finance, your gold ornaments are kept in secure vaults under 24x7 surveillance, with world-class safety protocols. We have motion detectors installed in all branches to ensure the highest safety of your ornaments.

What if my gold is stolen from your branch?

With Bajaj Finance, your pledged gold is insured. If your gold ornaments are stolen, you will be compensated for the full value of your gold based on the current gold price as per the recorded weight and karat.

What happens to my gold if I die?

In this unforeseen event, your nominee can claim the gold you pledged with Bajaj Finance Limited by paying the outstanding amount and showing the required documents.

Can I take a gold loan on gold jewellery embedded with diamonds?

Yes, you can get a gold loan on your embedded jewellery. But the loan will be provided on the value of your jewellery after deducting the weight of the stone.

Can I pay off my loan in 2 part-payments?

Bajaj Finance offers gold loans with multiple repayment options and a free part-prepayment facility. You can pay off your gold loan in 2 part-payments without incurring any additional charges.

What frequency can I choose for interest repayment?

You have the flexibility to pay the interest amount at below frequencies such as Monthly - once a month Bi-monthly - once every 2 months Quarterly - once every 3 months Half-yearly - once every 6 months Annually - one-time interest payment along with principal on loan maturity

How can I transfer my ongoing gold loan to Bajaj Finance Limited?

You can transfer your existing gold loan from your previous lender to Bajaj Finance Limited. You just need to provide us with the details of your existing gold loan, including the Gold Deposit Receipt (GDR).

Which documents do I need to carry with me?

To avail of a gold loan from Bajaj Finance, you just need to submit your proof of address, along with basic KYC documents like: Aadhaar Card Voter ID card Passport Driving licence NREGA job card Letter issued by National Population Registration

Is a PAN card needed to apply for a gold loan?

PAN card is required to apply for a gold loan . If you do not have a PAN card, you will have to sign Form 60. Form 60 is a signed declaration stating that you do not have a PAN card and your income is below taxable limits. PAN card is mandatory for loans greater than Rs. 5 lakh.

What is a GDR and why is it important?

Gold Deposit Receipt or GDR is a proof of your gold being pledged with a lender for gold loan. This document is important in case an individual wishes to change their existing lender from where they have borrowed a gold loan to another lender.