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Turn your gold jewellery into quick cash through a gold loan.
Gold has always held deep financial and cultural value in India. Beyond being a store of wealth, it also serves as a reliable source of emergency funding through gold loans. Many borrowers worry about missing jewellery bills or invoices. The good news is that lenders in India allow borrowers to secure funds even without such paperwork, as long as the gold itself meets purity standards.
In India, gold loans work on a simple principle. You pledge your physical gold jewellery to a lender and receive a loan against its value. The loan amount depends on purity, weight, and prevailing gold prices. Unlike other loans, ownership documents for jewellery are not mandatory. Lenders focus on the metal’s authenticity rather than purchase proof. In many cases, customers can access funds quickly, with minimal documentation when the gold’s value and ownership are clear. This makes gold loans practical for households holding inherited or gifted jewellery.
Gold loans offer several benefits when compared to unsecured credit options. They combine swift approvals, safety, and tenure flexibility. Explore some benefits of gold loans below:
Gold loans are processed faster than most traditional loans. Verification focuses on gold evaluation rather than lengthy income checks. Thus:
Funds can be credited within hours
Processing requires minimal documentation
It is ideal for urgent financial needs
Borrowers can use the loan amount for any personal or business purpose. For instance:
Medical expenses
Education fees
Business working capital
Personal emergencies
Since gold acts as collateral, lenders charge lower interest than unsecured loans:
Rates are usually lower than personal loans
Interest depends on tenure and loan type
Predictable repayment structure
Gold loans barely focus on your credit history. Hence:
They are suitable for first-time borrowers
They are considered helpful for those with limited credit records
The gold loan approval depends mainly on gold value
Lenders provide multiple repayment choices to align with your income. For example:
Interest-only payments
Bullet repayment at maturity
Regular EMIs
Some lenders allow you to reuse repaid amounts or opt for overdraft features. Thus, you can:
Borrow again without fresh evaluation
Pay interest only on used funds
Ensure a better cash flow management
Gold loans suit salaried individuals, self-employed professionals, and small business owners, since:
No strict income proof is required
It is suitable for rural and urban borrowers
You can obtain a gold loan without a bill. Lenders in India understand that many people own gold passed down through generations. Instead of asking for purchase proof, they rely on scientific evaluation methods. As long as the jewellery is genuine and meets purity norms, the absence of a bill does not block loan approval.
When a jewellery bill is unavailable, lenders follow a structured evaluation process to determine loan eligibility.
Jewellery is first classified based on type and purity. Simple bars or coins may be valued differently from intricate jewellery. Purity of gold is classified under: 18, 20 or 22 Carat gold. Stones and alloys are generally excluded. This classification ensures fair valuation.
Lenders use X-Ray Fluorescence machines to check purity. This entails a non-destructive testing method that verifies metal purity and Carat value instantly. It removes the dependence on paperwork.
The final loan amount is calculated using a standard formula.
Final Loan Amount = Pure gold weight × market gold rate
The Loan-to-value ratio is based on the RBI norms.
Here are the steps to apply for a gold loan on Bajaj Markets:
Go to the Gold Loan page
Click on the ‘CHECK ELIGIBILITY’ button
Enter the required details including loan amount that you need
Yes, lenders approve gold loans without bills. They rely on purity testing and valuation methods instead of purchase invoices.
Lenders use XRF machines and manual checks to assess purity and weight. These methods replace the need for documentation.
Bajaj Markets connects borrowers to lenders who accept gold based on evaluation. The absence of a bill does not affect eligibility.
Yes, the loan amount depends on gold purity and weight. If the jewellery meets standards, you receive a competitive loan value.
Carry valid identity proof, keep your jewellery clean, and choose a trusted lender. Understanding purity standards also helps speed up approval.
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