Gold Loan in Surat

Here’s a comprehensive guide on how to get a gold loan in Surat.
Gold loan in Surat
3 min
07 April 2025

In Surat, gold holds significant cultural importance, symbolising prosperity, tradition, and elegance. The city's love for gold is evident during weddings and festivals, where intricate gold jewellery adorns both men and women, reflecting Surat's rich craftsmanship and artistic heritage.

Get a gold loan in Surat from Bajaj Finance and manage various financial requirements with ease. Get a ​​gold loan per gram at a competitive interest rates, multiple repayment options, and more.

Features and benefits of gold loans in Surat

  • Part-release facility
    With our gold loan part release facility, you can repay a part of your loan and take part of your gold jewellery back before the end of your loan tenure.
  • No part-prepayment or foreclosure fee*
    Repay a part of your loan in advance or pay the entire amount at no extra cost.
  • Transparent evaluation
    We use the most advanced karat metres across all our branches to make sure you get the most value for your gold.
  • Free insurance for gold
    Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.
  • Convenient repayment options
    We offer multiple repayment options where you may choose to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis as per your convenience. Please note that the principal amount and pending interest, if any, will be due for payment at the time of loan maturity.
  • Easy application process
    Apply for a gold loan online. Our representatives 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 instant gold loans starting from Rs. 5,000 up to Rs. 2 crore. You can choose the amount that suits you best from the offer extended to you.
  • 800 branches and growing
    We have recently opened 60 new branches and are adding more across India. We are also opening new branches in the cities that we operate in.
  • Quick approval and disbursal
    Get fast approval and disbursal with minimal paperwork. A gold loan ensures you receive funds quickly, often within 24 hours*, making it ideal for urgent financial requirements.

Why is gold loan verification important?

Gold loan verification is a crucial step that ensures both the lender and borrower are protected during the loan process. Verification helps lenders assess the authenticity and purity of the gold being pledged. It also determines the loan amount that can be sanctioned based on the current market value. For borrowers, this step assures transparency and trust, as they receive a fair valuation for their gold. Accurate verification reduces the chances of disputes later and safeguards against fraudulent transactions. This process also ensures the gold pledged meets the minimum purity standards (18-22 karats) required for loan approval. Overall, gold loan verification is essential to maintain trust, ensure proper documentation, and provide a secure borrowing experience.

How lenders verify the purity of gold for loans

Lenders follow a standardised process to check the purity of gold before approving a loan. Typically, they use a non-destructive method such as XRF (X-ray fluorescence) testing to examine the gold without causing any damage. This method accurately detects the karat value, usually ranging between 18-22 karat, which helps determine the loan eligibility and amount. In addition to purity, the lender also checks the weight of the jewellery after removing any stones or non-gold attachments. Once verified, the gold is securely stored until the loan is repaid. This thorough verification ensures the borrower gets a fair value for their gold and enables the lender to mitigate the risk involved.

Dos and don’ts during gold loan verification

To ensure a smooth verification process when applying for a gold loan, there are certain do’s and don’ts to follow.

Do’s:

  • Carry valid ID and address proof for documentation.
  • Ensure the gold jewellery is clean and free from stones or other embellishments.
  • Be present during the evaluation for transparency.
  • Ask questions about the purity test and loan value offered.

Don’ts:

  • Do not provide gold that is below 18 karats, as it may not be accepted.
  • Avoid submitting fake or altered jewellery, as it could lead to loan rejection.
  • Do not conceal any details regarding ownership or source of the gold.

Following these tips can help speed up the process and improve your chances of loan approval.

How to apply for a gold loan in Surat?

Applying for gold loan in Surat is a simple process. To apply online, just follow these few simple steps:

  1. Click on ‘APPLY’ located at the top of this page to open our online application form.
  2. Enter your 10-digit mobile number and click on ‘GET OTP’.
  3. Submit the OTP to verify your identity.
  4. Select your state and city to find the branch nearest to you.
  5. Enter your full name and date of birth as per your PAN.
  6. Set up your appointment at our branch.

Once done, you will receive a call from our representative to confirm your appointment and guide you on the next steps.

Eligibility criteria to avail gold loans in Surat

The eligibility criteria for gold loans in Surat are straightforward, making this form of financing easily accessible. Here are the basic gold loan eligibility criteria you need to meet:

  • You must be between an Indian citizen, between 21 to 70 years of age.
  • You need to own gold jewellery of 18-22 karat purity to pledge as collateral.
  • There are no restrictions based on employment type—salaried individuals, homemakers, and self-employed persons can apply.

As gold serves as collateral, the focus is not heavily on your credit score or income level. This makes a gold loan in Surat easily accessible, even for those who may not meet the criteria for other types of loans. It provides a convenient financing option for a wider group of individuals, including those with limited credit history.

Documents required to get gold loans in Surat

  • Aadhaar card
  • Voter ID card
  • Passport
  • Driving licence
  • NREGA job card
  • Letter issued by National Population Registration

Though the PAN card is not a mandatory requirement, if you apply for a gold loan of Rs. 5 lakh or above you will be asked to submit your PAN card as well.

Gold loan interest rates and charges in Surat

With us, you can get a gold loan interest rate starting at just 9.50% per annum. You can stay assured of zero hidden charges with our 100% transparent terms and conditions.

Know all about our gold loan interest rates and charges before applying.

How to calculate your gold loan in Surat

A gold loan calculator is a convenient online tool designed to help you estimate the loan amount you can receive against your gold. By entering simple details such as the weight and purity (karat value) of your gold, the calculator uses the current gold rate in India to provide an instant loan estimate. You can also include your preferred interest rate and tenure to understand your repayment schedule more clearly.

This tool makes it easier to plan your finances in advance, especially if you are considering applying for a gold loan. It ensures transparency by giving a clear view of your loan eligibility and expected repayments, helping you make well-informed financial decisions.

Why it is useful:

  • Provides quick loan estimates based on gold weight and purity
  • Easy-to-use interface with minimal data required
  • Offers a transparent loan and repayment overview
  • Accessible online 24/7, from anywhere

How to use the gold loan calculator:

  1. Enter the total gold weight in grams
  2. Choose the purity (18K, 22K, or 24K)
  3. Get an estimated loan amount
  4. Adjust interest rate and tenure to view repayment info

This calculator is ideal for anyone in Jamshedpur looking to know how much loan they can avail of against their gold.

Why choose Bajaj Finance to avail a gold loan in Surat?

Bajaj Finance offers a hassle-free application process, requiring minimal documentation and ensuring quick approval, making it an ideal choice for those in urgent need of funds. With additional benefits like multiple repayment options and transparent terms, we ensure a smooth and customer-focused borrowing experience, making it the preferred choice for availing of a gold loan in Surat.

Why is gold loan a feasible borrowing mode in Surat?

Availing a gold loan in Surat is a popular choice for many residents seeking quick and hassle-free financial assistance. These loans offer flexibility and convenience, allowing individuals to leverage their gold assets without relinquishing ownership. With transparent terms and minimal documentation requirements, gold loans in Surat provide a convenient solution for meeting various financial needs, from emergency expenses to investment opportunities.

So, if you are looking for quick funds, the Bajaj Finserv Gold Loan offers you an easy and hassle-free option. You can avail funds starting from Rs. 5,000 up to Rs. 2 crore with interest rates starting at just 9.50% p.a. With our gold loan, you can meet all your planned and unplanned expenses with great ease. Our gold loan offers several benefits.

Uses of loan against gold in Surat

A loan against gold in Surat offers a quick and reliable way to access funds by pledging your gold jewellery. This type of loan is especially helpful for individuals looking to meet immediate financial needs without selling their gold. With minimal paperwork and fast processing, a gold loan in Surat is ideal for those who want quick access to funds.

One of the common uses of a gold loan is to manage personal expenses, such as medical emergencies, family events, or unexpected travel costs. It can also help cover educational expenses like school or college fees, especially during the start of an academic year. Many individuals in Surat also use gold loans to renovate their homes, buy essential appliances, or fund daily living costs during temporary income gaps.

Additionally, since the loan is secured by gold, lenders usually offer flexible repayment options and competitive interest rates. This makes it a convenient and cost-effective choice. Importantly, borrowers retain ownership of their gold, which is returned once the loan is repaid in full.

If you are in Surat and have gold jewellery, you can unlock its value without parting with it. Check your eligibility for a gold loan in Surat and get started today.

Know more about gold loan in other cities

Gold Loan in Andhra Pradesh

Gold Loan in Rajasthan

Gold Loan in Maharashtra

Gold Loan in Chandigarh

Gold Loan in Karnataka

Gold Loan in Manipur

Gold Loan in Goa

Gold Loan in Kerala

Gold Loan in Gujarat

Gold Loan in Puducherry

Gold Loan in Delhi

Gold Loan in Tamil Nadu

 

Bajaj Finserv Gold Loan branches in Surat

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Gold Loan in Ved Road

Gold Loan in Katargam

Gold Loan in Yogi Chowk

Gold Loan in LP Savani Road

 

Visit the nearest Bajaj Finserv Gold Loan branch in your city.

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the minimum loan amount I can get against gold in Surat?

With Bajaj Finance, you can a minimum of Rs. 5,000 as a loan against gold.

What is the maximum tenure of a Gold Loan in Surat?

With us, you can get a maximum gold loan tenure of up to 12 months.

Can I get a gold loan from the Surat branch without a residential proof?

No, if the customer's current city differs from their permanent address, presenting current address proof becomes mandatory to access a gold loan, alongside proof of identity.

Acceptable documents for "Current address proof" include:

  1. Utility bills (issued within the last two months) from service providers such as electricity, telephone, post-paid mobile phone, piped gas, or water bills.
  2. Pension or family pension payment orders (PPOs) issued by Government Departments or Public Sector Undertakings (PSUs) if they feature the address.
  3. Property or municipal tax receipts.
  4. Letters of accommodation allotment from employers issued by State/ Central Government Departments, statutory or regulatory bodies, PSUs, scheduled commercial banks, financial institutions, and listed companies, as well as leave and license agreements with such employers for official accommodation.

Accepted documents for "Permanent address proof" include Aadhar Card, Passport, Driving License, Voter Card, Letters issued by the National Population Register, and NREGA job cards.

Can I pay gold loan interest online in Surat?

Yes, you can pay your gold loan interest online in Surat.

How can I check gold loan status in Surat?

To check the status of your gold loan just visit the nearest gold loan branch or simply sign-in to ‘My Account’ on Bajaj Finserv website or app.

How can I repay my gold loan faster in Surat?

We offer multiple gold loan repayment options where you may choose to pay interest on a monthly, bi-monthly, quarterly, half-yearly, or annual basis as per your convenience. Please note that the principal amount and pending interest for your loan against gold, if any, will be due for payment at the time of loan maturity.

How safe are my gold ornaments with Bajaj Finance in Surat?

Our free insurance covers against theft or misplacement of your gold jewellery while it is in our custody.

What are the different schemes available for Gold Loan in Surat?

Some of the most popular government gold loan schemes are: Sovereign gold bond scheme, gold monetisation scheme, gold metal loan scheme, revamped gold deposit scheme, gold coin and bullion scheme.

Can you get a gold loan on jewellery in Surat?

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’ option on the top of this page. You could also walk into the nearest Bajaj Finserv Gold Loan branch in your city.

How do fluctuations in gold prices impact your gold loan in Surat?

Fluctuations in gold prices directly influence your gold loan value. As the gold price changes, so does the collateral's worth, affecting the loan amount. It's essential to monitor the gold rate to understand these variations and make informed decisions about your gold loan, ensuring financial stability.

What documents are required for gold loan verification?

To apply for a gold loan, you need any one of your basic KYC documents like, Aadhaar card, Voter ID card, passport, driving licence, NREGA job card or a letter from NPR. Though PAN card is not a mandatory documents, you may have to submit it if you are taking a loan above Rs. 5 lakh.

Can I get a gold loan without proof of income?

Yes, Bajaj Finance does not require income proof for availing a gold loan. Since the loan is secured by your gold jewellery, income documents are not mandatory. This makes it easier for self-employed individuals, homemakers, or people without formal income records to apply for a gold loan.

How long does gold loan verification take?

The verification process at Bajaj Finance is quick and usually completed within a day at the branch. Once your gold is evaluated for weight and purity, and your documents are verified, the loan is approved and disbursed on the same day, often within a few hours.

What are the steps of a gold loan?

Applying for a gold loan online is a fairly simple process. Once a appointment is booked, all you have to do is:

  • Visit the nearest Bajaj Finserv branch.
  • Submit your ID and address proof.
  • Get your gold evaluated for purity and weight.
  • Review the eligible loan amount and terms.

Once approved, receive the disbursal directly into your bank account.

What is the new rule of gold loans?

While the Reserve Bank of India may advise banks on regulatory changes, Bajaj Finance continues to follow a customer-friendly and transparent process. Your gold is securely stored, and you can borrow up to 75% of its value. You benefit from flexible repayment options and no income proof requirement, keeping the process simple and secure.

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