Gold loan in Tamil Nadu
During this scenario, gold loans have become a well-liked and convenient financial choice for the people of Tamil Nadu. Gold loans offer flexibility and ease, making them a preferred option for individuals who need quick access to funds without giving up ownership of their precious jewellery.
If you require fast funds, Bajaj Finserv Gold Loan provides a simple and trouble-free solution. You can get funds ranging from Rs. 5,000 to Rs. 2 crore with interest rates starting at just 9.50% per year. Our gold loan helps you manage all your planned and unexpected expenses with great ease, offering several benefits.
- Part-release facility
With our part release facility, you have the option to pay back a portion of your loan and retrieve some of your gold jewellery before your loan period is over. - No part-prepayment or foreclosure fee*
You can repay a part of your loan in advance or pay the entire amount at no additional cost. - Transparent evaluation
We use top-quality karat metres in all our branches to ensure you get the best value for your gold. - Free insurance of gold
Our complimentary insurance covers against theft or loss of your gold jewellery while it is in our custody. - Convenient repayment options
We provide 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. Kindly be aware that the main loan amount and any remaining interest must be paid when the loan period ends. - 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 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 just opened 60 new branches, and we are continuing to add more all over India. We are also opening branches in the cities where we already have operations.
Eligibility criteria and documents required to apply for gold loans in Tamil Nadu
Anyone can request a gold loan for farming, business requirements, medical emergencies, and more, as long as they meet the basic eligibility conditions. You simply need to be an Indian citizen aged between 21 and 70. To complete your application, you must provide any one of the following KYC documents:
- 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.
Uses of loan against gold in Tamil Nadu
A loan against gold is one of the quickest ways to meet your financial needs, especially in Tamil Nadu, where gold holds cultural and financial significance. Here's how people across Tamil Nadu utilise their gold assets to secure funds for various purposes:
- Agricultural expenses: Many farmers use gold loans to cover farming costs such as buying seeds, fertilisers, or equipment, especially before harvest seasons.
- Business expansion: Small business owners, particularly in cities like Chennai, Coimbatore, and Madurai, use gold loans to fund their working capital needs, purchase inventory, or expand operations.
- Education and weddings: Tamil Nadu families often rely on gold loans to cover higher education fees for their children or manage wedding expenses, which are traditionally significant.
- Medical emergencies: In case of unexpected medical emergencies, a gold loan offers quick access to funds without lengthy procedures.
With minimal documentation and flexible repayment options, gold loans are a preferred choice for Tamil Nadu residents. The availability of Bajaj Finance Gold Loan makes it even more convenient to access funds quickly by leveraging your gold jewellery.
Gold loan interest rates and charges in Tamil Nadu
You can enjoy competitive gold loan interest rates as low as 9.50% per year with usa. Rest assured, our terms and conditions are 100% transparent, and there are no hidden charges.
Know all about our fees and charges before applying.
Fees and tenure for gold loans in Tamil Nadu
When applying for a gold loan in Tamil Nadu, understanding the fees and tenure is essential to make informed decisions. Gold loans typically come with processing fees, which can vary from 0.25% to 2% of the loan amount, depending on the lender. Apart from the processing charges, some lenders may also impose valuation fees to assess the quality and value of the pledged gold. It's crucial to check for prepayment or foreclosure charges as well, which are generally low or even waived by certain lenders.
The tenure for gold loans is usually short-term, ranging from 3 months to 12 months. Some lenders may offer flexible repayment options that allow borrowers to pay interest monthly and settle the principal at the end of the tenure. In Tamil Nadu, borrowers, especially farmers and small business owners, prefer gold loans due to their short tenure and quick disbursal process.
Whether you need funds for agricultural expenses, business expansion, or personal emergencies, the short tenure ensures you repay the loan quickly, avoiding long-term debt. By opting for Bajaj Finserv Gold Loan, you can benefit from competitive fees and flexible tenure, making it easier to manage your finances without any hassle.
Gold loan calculator
The Bajaj Finserv Gold Loan Calculator is an online tool that you can use to calculate your gold loan interest rate and loan term. Using our gold loan calculator has a big benefit – it gives you accurate loan estimates based on the gold loan rate per gram. The calculator makes things easy. Just enter your gold's weight or the loan amount that you want, and it quickly tells you the highest loan amount you can get.
Why choose Bajaj Finance to avail a gold loan in Tamil Nadu?
Getting a gold loan from Bajaj Finance is easy and quick, with a simple application process and minimal paperwork. It is a great option for those who need money urgently. We provide extra perks like different ways to repay and clear terms, ensuring a smooth and customer-friendly borrowing experience. That is why it is the top choice for getting a gold loan in Tamil Nadu.
Step-by-step application process to get a gold loan
Applying for a gold loan in Tamil Nadu is a quick and straightforward process, whether you choose to apply online or visit a branch. Here’s a step-by-step guide to help you navigate the application process smoothly.
Step 1: Start by gathering your gold jewellery or ornaments that you wish to pledge as collateral. Make sure they meet the purity criteria set by the lender, typically between 18 to 24 carats.
Step 2: Visit the nearest branch of your preferred lender or head to their official website. If you prefer the convenience of online applications, navigate to the gold loan section and click on the apply now option.
Step 3: Submit your basic details such as name, mobile number, and email address to begin the process. You will also need to provide identity and address proofs such as Aadhaar card, PAN card, or passport.
Step 4: The lender will assess the purity and value of your gold to determine the loan amount. Once the gold is evaluated, you will receive an offer based on the loan-to-value ratio.
Step 5: After accepting the loan offer, complete the documentation and verification process. Once verified, the loan amount is disbursed to your account, typically on the same day.
By following these simple steps, you can secure funds quickly through a gold loan, meeting your financial needs without any hassle.
How to apply for a gold loan in Tamil Nadu?
Here is a step-by-step guide to apply for a gold loan
- Click on ‘APPLY’ located 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 branch nearest to you
- Enter your full name and date of birth as per your PAN
- Please set up your appointment at our branch
After completing the process, our representative will give you a call to confirm your appointment and provide guidance on the next steps.
Gold loan in other cities
Visit the nearest Bajaj Finserv Gold Loan branch in your city.
