Manage your gold loan repayment
When you borrow a gold loan from us, you have multiple options to repay your loan. You can pay your interest amount monthly, bi-monthly, quarterly, half-yearly, or annually depending on the repayment scheme you’ve opted for. You can pay your principal amount anytime during the tenure or at the end of it.
However, our service portal offers you multiple payment options to manage your loan repayment. You can make interest payments online anytime when you have surplus funds. You can also pay both principal and interest components online by choosing the part-prepayment option.
-
Make your gold loan payment
- Visit the service portal by clicking on the ‘Sign-in’ button.
- Enter the registered mobile number and the OTP.
- Verify yourself with your date of birth and proceed.
- Go to 'Service.'
- Click on 'Relations' and select the 'Gold loan.'
- Click on 'Make payments.'
- Select the type of payment you want to make.
- Enter the required details.
- Proceed to pay using the secured payment gateway method.
Alternatively, you can click on the ‘Pay your gold loan EMIs’ 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 Payment’ and proceed.
-
You can check your repayment status with the statement of account. Click on the respective link at the top of this page for more information.
-
Check your gold loan account
Visit our customer portal – My Account 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.
