Manage your gold loan repayment
Keep your bank details updated to ensure smooth EMI payments. Follow these quick steps on the Bajaj Finserv App to change the bank account linked to your gold loan.
-
Change your bank account – Step-by-Step Guide
- Log in to the Bajaj Finserv App
- Go to “Service”
- Click on “Relations”
- Select the loan and click on “View loan details”
- Click on the “Change bank account”
- Enter the “New bank details” like Account number, IFSC code, etc. and click on “Proceed”
- Enter the OTP sent to your mobile number
- Complete the “Digilocker Validation” and click on “Submit” to complete the process
Alternatively, you can click on the ‘Pay your gold loan interest’ option given below to go to the service portal. You’ll be asked to sign-in. Once signed-in, select your loan account from the ‘relations’ section. Click on 'Make Loan Payments' within the section and proceed.
-
You can make interest payment online by visiting our service portal. You can also choose to part-prepay your loan by paying both the principal and interest.
-
Check your gold loan account
Visit our service portal to find details of your ongoing loan.
Frequently asked questions
You do not need to pay any foreclosure charges on your gold loan. However, you must pay outstanding principal, interest, and dues (if any) at the time of foreclosure or full release of your gold jewelry.
Note: Please visit your Bajaj Finance Gold Loan branch to foreclose your gold loan.
When you part-prepay your Bajaj Finserv Gold Loan, your loan amount gets adjusted in the following order:
- The amount you prepaid will first get adjusted towards the due interest amount.
- Then, the amount gets adjusted against the outstanding principal amount.
- After this, the prepaid amount will be adjusted towards fees and charges, that are payable/overdue.
If your loan eligibility against the gold ornaments pledged is more than your current loan amount outstanding with Bajaj Finance Ltd., you can avail the balance amount as a top-up loan.
Apart from stamp duty (charged as per the rates applicable in your respective state), no other fee is applied when you renew your Bajaj Finserv Gold Loan.
