Our gold loan helps you manage all your planned and unexpected expenses with great ease, offering several benefits.
- Part-release facility
With our gold loan 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.
- Quick approval and disbursal
With easy application process and minimal documentation, the loan is often approved and disbursed in just 1 branch visit.
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” to initiate online application.
Enter your 10-digit mobile number and click on “Get OTP.”
Submit the OTP to verify your identity.
Fill in your personal details and select the nearest gold loan branch.
Download In-principal loan eligibility letter.
Once done, you will receive a call from our representative and guide you on the next steps.
Eligibility criteria and documents required to apply for gold loans in Tamil Nadu
Tamil Nadu has a deep cultural connection with gold, reflected in its numerous jewellery shops offering traditional and modern designs. Gold is not just an ornament but also a valuable financial asset for many households.
Given this strong affinity, gold loans have become a preferred financial solution, providing quick funds while allowing borrowers to retain ownership of their jewellery. These loans are widely used for farming, business, medical emergencies, and other financial needs.
Anyone can request a gold loan, provided they meet the eligibility criteria for gold loan. Applicants must be Indian citizens aged 21 to 70 years and submit 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:
- 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 from 9.50% to 26% per year with us. Rest assured, our terms and conditions are 100% transparent, and there are no hidden charges.
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 minimal processing fees, 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. In Tamil Nadu, borrowers 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 low interest gold loan in Tamil Nadu and convenient tenure, making it easier to manage your finances without any hassle.
How to calculate your gold loan in Tamil Nadu
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.
Key benefits of using a gold loan calculator:
Instant loan estimation – Quickly calculates the loan amount based on the gold's weight and purity.
Gold rate-based calculation – Uses the latest gold loan rate per gram for accurate estimates.
Customisable inputs – Allows users to enter gold weight, purity, and required loan amount for personalised results.
Interest rate calculation – Displays applicable interest rates based on loan tenure and amount.
Repayment insights – Provides details on different repayment options, helping users choose a suitable plan.
User-friendly interface – Simple and easy-to-use tool, requiring minimal inputs for instant results.
Accessible anytime, anywhere – Available online 24/7, making financial planning convenient.
Utilising this tool simplifies the loan planning process, offering clear insights into your borrowing potential. For a more detailed breakdown and accurate calculations, you can access the Bajaj Finserv Gold Loan Calculator directly.
Why choose Bajaj Finance to avail a gold loan in Tamil Nadu?
In Tami Nadu gold loan has emerged as a wise financing option. 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. One of the standout features is the competitive interest rates, starting as low as 9.50% to 26% per annum, ensuring affordability for borrowers. The application process is straightforward, requiring minimal documentation, which facilitates quick disbursal of funds. Applicants need to be Indian citizens aged between 21 to 70 and must provide basic KYC documents such as an Aadhaar card, voter ID, passport, driving licence, NREGA job card, or a letter issued by the National Population Registration.
We emphasize transparency and customer convenience. Advanced karat meters are used for accurate gold valuation, ensuring customers receive the best value for their pledged gold. Additionally, complimentary insurance coverage is provided for the gold while it remains in our custody, offering peace of mind to borrowers.
We provide extra perks like multiple 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.
With a strong presence across Tamil Nadu, Bajaj Finance ensures accessibility and a smooth borrowing experience, making it a preferred choice for gold loans in the region.
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.
Know more about gold Loans in Indian states & Union Territories
Know more about gold loan in other cities
Visit the nearest Bajaj Finserv Gold Loan branch in your city.
