Gold loan in Amritsar
Historically known as Ramdaspur and carrying the colloquial name Ambarsar, Amritsar is one of Punjab’s critical economic and cultural centres in the state’s Majha region. The Government of India has identified it as a heritage city under the HRIDAY scheme.
Residents of the city can easily avail of a gold loan in Amritsar at affordable rates with some industry-best features provided by Bajaj Finserv.
Gold loan in Amritsar: Features and benefits
Here are some notable advantages of a gold loan from Bajaj Finserv:
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Gold storage with 24x7 surveillance
Bajaj Finserv ensures maximum safety of your collateralised gold with storage in motion-detecting tech-enabled vaults under 24x7 surveillance.
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High financing value
Meet simple gold loan eligibility requirements to avail financing of up to Rs. 2 crore from Bajaj Finserv.
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Flexible options for repayment
Choose your desired repayment option from standard EMIs, interest-only EMIs, etc. You can use a gold loan calculator to learn more.
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Transparent evaluation of gold
Use of industry-grade carat meter ensures accurate and transparent evaluation of collateralised gold with at-home evaluation.
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Prepayment options
A gold loan in Amritsar Bajaj Finserv does not attract any additional charges when opting for part-prepayment or foreclosure facility.
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Insured collateral
The collateralised gold is covered with complimentary insurance to prevent borrower losses if stolen or misplaced.
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Partial collateral release
Bajaj Finserv Gold Loan comes with the choice of receiving the partial release of collateralised gold items. Make repayment in equivalent amount to release.
Along with being home to the Golden Temple, one of the most popular gurudwaras, Amritsar also has places of Hindu religious significance and carries a rich history. Several other important temples, gurudwaras, and palaces dot the city, making it an important tourism location. One of Punjab’s fastest-growing cities is well-known for its textile industry and handicraft industry.
Residents here availing a gold loan in Amritsar from Bajaj Finserv need to meet only a handful of eligibility and document requirements to avail funding. The underlying value of unutilised gold ornaments that households possess can be of much use when availing of quick financing.
Gold loan in Amritsar: Eligibility criteria
The gold loan eligibility criteria laid down by Bajaj Finserv are simple and easy to meet. The common requirements to meet include -
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Age
Should be between 21-70 years
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Employment status
Loan available for salaried as well as self-employed professionals and non-professionals
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Nationality
Must be a residing Indian citizen
Gold loan in Amritsar: Documents required
Here is a list of essential documents that you need to submit to a loan against gold in Amritsar:
- Aadhaar card
- Voter ID card
- Passport
- Driving licence
- Utility bills
- Income proof (salary slip, ITR, form 16, business turnover details), if asked
You need to submit any additional documents as required by Bajaj Finserv.
Gold loan in Amritsar: Interest rate and charges
Repay your advance affordably with competitive gold loan interest rates and fees levied by Bajaj Finserv. We also keep the charges 100% transparent. Check all charges applicable before applying by clicking here.
Frequently asked questions
You can apply for a loan against gold online by filling in the gold loan application form with relevant details. Otherwise, you apply for this credit instrument by visiting the nearest branch of Bajaj Finserv.
No, there are no end-use restrictions on the usage of gold loans. Thus, you can meet an array of personal and professional financial needs.
An LTV or loan-to-value ratio signifies the loan you are eligible to qualify for basis the current market value of your gold ornaments. Typically, it is expressed in '%' format.
