Make smart financial decisions with our online Gold Loan calculator

Use the free online Bajaj Finserv Gold Loan Calculator to make smart borrowing decisions and get the funds you require.
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Make smart financial decisions with our online Gold Loan calculator
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2 min read
18 July 2023

When you are dealing with financial emergencies or unexpected expenses, a loan can be a helpful option. However, unsecured loans often have high interest rates. Fortunately, there is a better alternative available for you.

Obtaining a quick loan has become easier in recent years by using your gold jewellery as collateral. Gold loans are simple to acquire, with the loan amount typically determined by the value of the gold you pledge.

Understanding the payment obligations and loan terms is crucial when considering borrowing against your gold. That is where a gold loan calculator comes in handy. Reputable lenders like Bajaj Finserv provide free gold loan calculators, helping you to effectively plan your loan.

Read to know how a gold loan calculator can be help you plan your loan better.

Calculate the loan amount

By using an online gold loan calculator, you can easily calculate the loan amount you qualify for based on the value of your gold. This calculator takes into account the current market value of gold and the loan-to-value (LTV) ratio to assess your eligibility for the loan.

Plan your repayment

Using an online calculator, you can easily determine your interest payment for a gold loan. This calculator takes into account factors such as loan amount, tenure, and interest rate to provide an accurate estimate. By adjusting repayment options, you can find the most suitable plan based on your income and ability to repay.

How to use an online gold loan calculator?

  • Step 1: Visit the Bajaj Finserv Gold Loan page and locate the gold loan calculator
  • Step 2: Choose the desired loan amount or enter the weight of your gold
  • Step 3: Select your preferred repayment tenure

By entering these details into the calculator, you will obtain the interest amount for your gold loan. You can then customise the repayment option based on your repayment capacity.

If you need a loan to handle your planned or unplanned expenses, you can look at the gold loan offered by Bajaj Finserv. You can get with funds as low as Rs. 5,000 and enjoy multiple part-prepayment options and a part-release facility. Use your idle gold at home to get the funds you require. To apply, visit the Bajaj Finserv website.

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

How can I apply for a gold loan with Bajaj Finserv?

You can apply for our gold loan by filling out the online application form with your basic details. After this, you will be able to choose a convenient appointment slot at our nearest gold loan branch. Visit the branch at your appointed time with your gold jewellery and documents, for the valuation process. Once your jewellery has been valued and your sanction is approved, you will get the funds in your account.

What are the interest rates on Bajaj Finserv Gold Loans?

The interest rates on our gold loan begin at 9.50% per annum.

Is the pledged gold kept safe during the loan tenure?

Our gold loan valuation process is transparent and quick. Once your gold has been valued and your loan is sanctioned, your pledged jewellery is kept with us in our facilities for the entire gold loan tenure, with state-of-the-art security protocols to ensure its safety.