As a melting pot of culture, the state of Kerala in India stands out as one of the most bustling and rapidly developing urban centres in the country. Renowned for its abundant cultural heritage, historical landmarks, delectable cuisine, and lively nightlife, Kerala, with a population exceeding 34 million, serves as a thriving hub for commerce, trade, and tourism.
Delving into its rich history of gold trading, Kerala proudly hosts some of India's largest and most ancient gold markets. The city's deep affection for gold is unmistakable, reflected in the numerous jewellery stores and markets showcasing a diverse array of gold jewellery, spanning both traditional and contemporary designs.
Why is gold loan a feasible borrowing mode in Kerala?
Gold loans are a popular and feasible borrowing option in Kerala due to the state’s strong cultural affinity for gold. Many households possess gold jewellery, making it an easily accessible asset for securing funds during financial emergencies. Unlike other loans, a gold loan requires minimal documentation and is processed quickly, ensuring immediate access to funds.
The interest rates on gold loans are lower than unsecured loans like personal loans, making them more affordable. Borrowers can also choose from multiple repayment options, including interest-only payments and flexible EMI plans, based on their financial situation.
Additionally, gold loans do not impact credit scores significantly, as approval depends on the gold’s value rather than the borrower’s credit history. With a high loan-to-value (LTV) ratio of up to 75%, individuals can secure a substantial amount while retaining ownership of their gold, making gold loans a practical and convenient borrowing solution in Kerala.
Explore the Bajaj Finserv Gold Loan for seamless and hassle-free financial assistance. Avail funds ranging from Rs. 5,000 to Rs. 2 crore with interest rates commencing at just 9.50% p.a.
Features and benefits of gold loan in Kerala
Our gold loan ensures you meet both planned and unforeseen expenses effortlessly, providing various benefits such as:
- Part-release facility
Repay a portion of your loan to retrieve part of your gold jewellery before the loan tenure concludes with our gold loan part release facility. - No part-prepayment or foreclosure fee*
Settle a part of your loan early or the entire amount without incurring additional costs. - Transparent evaluation
Utilising top-notch karat metres ensures you receive the utmost value for your gold at all our branches. - Free gold insurance
Safeguard your gold jewellery against theft or misplacement while in our custody with our complimentary insurance. - Convenient repayment options
Choose from multiple repayment frequencies—monthly, bi-monthly, quarterly, half-yearly, or annually—based on your convenience. - 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 gold loans starting from Rs. 5,000 up to Rs. 2 crore. You can select the amount that suits your requirements from the offer extended to you. - 800 branches and growing
We currently opened 60 new branches and are adding more across India in the cities that we operate in.
Eligibility criteria and documents required for gold loans in Kerala
Any Indian citizen aged between 21 to 70 can apply for a gold loan for various purposes, such as farming, business needs, or medical emergencies. Submit one of the following KYC documents to complete the application process:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- NREGA job card
- Letter issued by National Population Registration
While the PAN card is not mandatory, applicants seeking a gold loan of Rs. 5 lakh or above may be required to submit it.
Gold loan interest rates and charges in Kerala
In Kerala, you can benefit from highly competitive gold loan interest rates that start at just 9.50% per annum. Our offerings come with completely transparent terms and conditions, ensuring that you never encounter any hidden charges throughout your loan process. We encourage prospective borrowers to review the gold loan interest rate and charges in detail before applying, so you have a clear understanding of your financial commitments. Our approach is designed to empower you with the knowledge needed to make informed decisions and plan your repayments effectively. With a focus on clarity and fairness, our gold loan products provide one of the most attractive and reliable deals available in the region, making your financial planning straightforward and stress-free.
Gold loan calculator
The Bajaj Finserv Gold Loan Calculator is an intuitive online tool that provides you with accurate estimates based on the current gold loan rate per gram. By simply entering the weight of your gold jewellery or the desired loan amount, the calculator instantly determines the maximum loan amount you can secure. This tool incorporates up-to-date interest rates and applicable charges, ensuring that you receive a precise calculation of your borrowing potential. It is an invaluable resource for planning your finances, as it offers a clear snapshot of the value of your assets and the funds available to you. By using this calculator, you can confidently assess your options and make decisions that align with your financial goals.
Why choose Bajaj Finance to avail a gold loan in Kerala?
Bajaj Finance is a trusted choice for gold loans in Kerala, offering a seamless and hassle-free application process tailored to meet your urgent financial needs. With minimal documentation required, our quick approval system ensures that you receive funds without unnecessary delays. We provide multiple flexible repayment options, allowing you to select a plan that best suits your financial situation. Our commitment to transparency means that all terms and conditions are clearly communicated, with no hidden charges to worry about. By choosing Bajaj Finance, you benefit from a customer-centric approach that prioritises your convenience and financial stability, making your gold loan experience both reliable and efficient.
How to apply for a gold loan in Kerala?
Follow these steps to apply for a gold loan:
- Click on 'APPLY' at the top of this page to open our online application form.
- Enter your 10-digit mobile number and click on 'GET OTP.'
- Submit the OTP to verify your identity.
- Select your state and city to find the nearest branch.
- Enter your full name and date of birth as per your PAN.
- Schedule your appointment at our branch.
Upon completion, our representative will contact you to confirm the appointment and guide you through the next steps.
Know more about gold loans in other cities
Visit the nearest Bajaj Finserv Gold Loan branch in your city.
