✓ Gold Loan up to 2 Cr ✓ Interest Rate Starting @ 8.28% ✓ Highest Gold Loan / Gram

Gold Loan

Known for our love for gold, most Indian households have their share of gold kept well-guarded in lockers and safes. While gold indeed carries significant value, it is an excellent source of capital too. You can easily use it to fund a cash crunch that may come in the form of a medical emergency, child’s education, business expansion, or just about anything. 


Rather than keeping your gold locked, using it to get some credit is considered a smart move by most financial experts. And the easiest way to do so is through a gold loan. Taking a gold loan is one of the quickest ways to obtain credit. By pledging your gold articles as collateral, you can take a loan up to 75% of the current market value of your gold articles. You can now apply for a Gold Loan on Bajaj Markets.

Here are some important details you should know before choosing to apply for a gold loan:

Rate of Interest

8.28% - 28% p.a. 

Amount of the Loan

Up to ₹2 Crores

Tenure of the Loan

12 months

Note: The values mentioned above are specific to Bajaj Finserv Gold Loan.

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Interest Rate Range

Bajaj Finserv

9.50% p.a. - 28% p.a.
Indiagold 8.28% p.a. onwards

Disclaimer: The above details are subject to change as per the policies of the financial institution.

Gold Loan Features and Benefits

These are the features and benefits you can avail, by applying for a loan against gold:

  • Maximum Loan Amount of up to ₹2 Crores

You can avail an amount matching up to ₹2 Crores against your gold articles for all your immediate financial requirements.

  • Easy Repayment Solutions

Pay regular EMIs or opt to pay interest periodically; you can select from a comprehensive suite of repayment options.

  • Part Release Facility

You can release pledged gold items partially when necessary by repaying the equivalent amount.   

  • Transparency in Evaluation

The market value of the deposited gold articles are carefully evaluated and calculated using industry-grade karat metres. So, you can rest assured that you get the right value for your collateral.

  • Industry Best Safety Protocols

Your gold items are stored in high-quality vaults in motion detector-equipped rooms and monitored 24*7.

  • Effortless Application Process

The process of applying for a gold loan is speedy and transparent, which makes it ideal for urgent monetary requirements.

  • Part-Prepayment & Foreclosures

While taking a loan on gold, you are given an option to either repay part of the amount or foreclose the entire loan, with no cost incurred to you.

Gold Loan Eligibility Criteria

To be eligible for a gold loan:

  • You must be an Indian citizen between 21 and 70 years of age.

  • You must be a salaried employee/self-employed individual/ entrepreneur/ farmer/ trader.

Documents Required for Gold Loan

It is suggested that you keep the following documents handy while applying for a Gold Loan:



Identity Proof 

  • Aadhaar Card

  • Passport

  • Driving Licence

  • Voter ID

  • NREGA job card



Address Proof 

  • Aadhaar Card

  • Passport

  • Driving Licence

  • Utility Bills

How to Apply for a Gold Loan

Applying for a gold loan is easy via Bajaj Markets. Here are the basic steps required:

  • Step 1: Visit the apply for gold loan page on the Bajaj Markets website.

  • Step 2: Enter your name, mobile number, and date of birth. Also, select the state, city, and nearest branch.

  • Step 3: Once you’ve filled in the details, a loan representative will get in touch with you for further processing of your application.

Key Points to Consider Before Taking a Gold Loan

Here are some factors to bear in mind while considering taking a loan on gold:

  • Loan Amount Offered

It is important to note that the loan amount authorised depends on the gold you pledge as collateral. Additionally, the loan amount offered varies for every lender. Therefore, while choosing to take a loan against gold, you must ensure that you have the required value of gold with you to ensure a smooth transaction.

  • Rate of Interest

Gold loan interest rates are lower than rates applicable on unsecured loans due to the collateral pledged as security. However, the rate of interest varies from lender to lender, so it is best to compare the rates offered in the market and choose the one that suits you best.

  • Applicable Charges

Besides the rate of interest, lenders also tend to levy additional charges, such as processing fees, documentation fees, appraiser fees, and loan overdue fees. It is viable to consider these factors before choosing an appropriate lender to meet your requirements.

  • Tenure

Another aspect to bear in mind is the tenure for your gold loan. It is 12 months in this case. The tenure you select affects your EMIs, so make sure you choose the tenure at your own convenience.

  • Lender’s Credibility

Regardless of the offers provided by lenders, it is recommended to conduct appropriate market research to determine the credibility of a lender for your loan on gold and consider aspects such as the safety measures they undertake, reviews, customer service channels offered, and so on.

  • Repayment Schedule

Another important criterion to keep in mind is the flexibility offered in the repayment of the loan. The repayment mode such as EMIs or other fixed payment periods often differ from lender to lender, so choose the right one according to your repayment plans.

So why wait? Get a Gold Loan of up to ₹2 Crores, with flexible repayment tenures and attractive rates of interest.

Frequently Asked Questions about Gold Loan

  • ✔️What is a gold loan?

    A gold loan, sometimes called a jewellery loan, is a secured form of loan where you can provide collateral in the form of gold articles in exchange for an amount that is determined by the current market value of your gold.

  • ✔️Who can avail a gold loan?

    Any citizen of India, either a salaried or self-employed individual between the ages of 21 and 70, can apply for a gold loan.

  • ✔️Is a gold loan safe?

    Gold loans are one of the safest ways to borrow money. Your assets will be safe, however, if you are someone who defaults on the repayments, your assets may be auctioned off.

  • ✔️Is my gold secured if I avail a gold loan?

    Gold loans are secured loans. They are offered against the gold that you pledge as collateral. You can borrow money against gold jewellery, coins etc. once you repay the loan amount, the lender will give back the gold.

  • ✔️Is it possible to get a gold loan on jewellery?

    Yes, you can get a gold loan on jewellery.

  • ✔️What is the gold loan offered per gram?

    A gold loan offered per gram is determined by the total weight of the gold, its purity, and a 30-day average price of the gold on the carat value basis.

  • ✔️What will happen if I am unable to repay the gold loan amount?

    In most cases, the lender will charge an overdue fee over the gold loan amount. However, if you’re still unable to repay the amount, the collateral you’ve pledged will be auctioned.

  • ✔️Is a guarantor necessary for a gold loan?

    No, a guarantor is not necessary for authorising a gold loan.