✓ Interest rate starting @0.79% p.m. ✓ Minimal documentation ✓ Tenure up to 12 months Check Eligibility

Bajaj Finance Gold Loan Fee and Charges

The Bajaj Finance Gold Loan interest rate and applicable charges are as follows:

Fees and Charges

Amount (₹) / Percentage (%)

Minimum Loan Amount

₹5,000

Maximum Loan Amount

₹2 Crores

Interest Rates

From 9.50% p.a*. up to 24% p.a.*

Processing Fee

₹99

Stamp duty (as per respective state)

Payable as per state laws and is deducted upfront from the loan amount

Cash Handling Charges

₹50 (Inclusive of applicable taxes), applicable for cash disbursement only

Penal Charge

3% per annum on outstanding balance. Penal interest will be over and above the interest rate, which shall be applicable/chargeable in case of default in repayment of the outstanding dues post-maturity

Part Prepayment Charges

Nil

Foreclosure Charges

Nil, any time post-disbursement of the loan

Convenience Fee

A convenience fee of ₹149 (inclusive of applicable taxes) shall be levied for part release of ornament(s) pledged.

Disclaimer: The rates are subject to change at the lender’s discretion.

Features and Benefits of Bajaj Finance Gold Loan

Bajaj Finance Gold Loan | Apply for Instant Loan Against Gold

Higher Loan Amount

You can get substantial financing of up to ₹2 Crores to seamlessly fulfil your financial requirements.

Competitive Interest Rates

You can benefit from attractive interest rates starting at just 9.50% p.a., ensuring cost-effective borrowing.

Flexible Repayment Options

Choose from various repayment schedules — monthly, bi-monthly, quarterly, half-yearly, or annually. You can also make partial payments at your convenience.

No Prepayment or Foreclosure Charges

You can repay your gold loan ahead of schedule without incurring any prepayment or foreclosure penalties.

Partial Gold Release Option

You can withdraw a portion of the pledged gold by depositing the equivalent value of the released collateral.

Fair and Transparent Evaluation

Bajaj Finance uses advanced and standardised equipment across all their branches to ensure you receive the best possible value for your gold.

Complimentary Gold Insurance

Your gold jewellery is protected with free insurance coverage against theft or loss while it remains in our custody.

 

Hassle-free Loan Renewal

You may renew your gold loan with Bajaj Finance at the end of the loan tenure, provided the loan-to-value (LTV) ratio complies with regulatory norms.

Gold Loan Top-Up Facility

You can apply for a top-up on your existing gold loan before it matures in case you need additional funds. Note that approval is subject to regulatory LTV limits and successful completion of a credit a Read Moressessment. Read Less

Eligibility Criteria and Documents Required for a Bajaj Finance Gold Loan

To apply, the following gold loan eligibility criteria are applicable:

  • Nationality: You must be an Indian citizen
  • Age: Your age must be between 21 and 70 years

  • Purity of Gold: The gold should have a purity between 18 and 22 karats

Here are the documents you need to submit (any one of the following):

  • Aadhaar card

  • Passport

  • Driving licence

  • NREGA job card

  • A letter issued by the National Population Register

  • Voter ID Card

How to Apply for a Bajaj Finance Gold Loan via Bajaj Markets

Step-by-step guide to apply for a Bajaj Finance Gold Loan on Bajaj Markets through the official app or website:

  1. To start, click on the ‘CHECK ELIGIBILITY’ button available on this page, or download the Bajaj Markets App from the Google Play Store or App Store

  2. Choose ‘New Gold Loan’ as your loan type

  3. Fill in your personal details, such as your name, mobile number, and date of birth

  4. Enter the loan amount you require and your pincode

  5. Select your gender (male, female, or other) and provide your email address

  6. Click on ‘SUBMIT’ to complete your request

After this, a representative of the lender will reach out to you and schedule a date to appraise your gold’s value.

Tenure and Repayment Procedure for Bajaj Finance Gold Loan

You can get a repayment tenure of up to 12 months with a Bajaj Finance Gold Loan. Over this period, you need to make timely payments each month to service the loan and avoid any late payment charges and penalties. There are two ways in which you can pay your EMIs. These are as follows:

Bajaj Finserv Loans App

Pay your gold loan instalments using the official mobile app of Bajaj Finance by following these simple steps:

  1. Head over to the App Store or Google Play Store and download the Bajaj Finserv Loans App

  2. Log in to the app using your credentials or register as a new user

  3. Navigate to the ‘BILLS AND RECHARGES’ section, then choose the ‘LOAN REPAYMENT’ option

  4. Next, choose your loan issuer from the options provided

  5. Provide your loan number and select ‘FETCH YOUR BILL’

  6. Choose your preferred payment method from the list provided

  7. Enter the required payment details, then click on ‘PAY NOW’

After the transaction is completed, you will receive a notification from Bajaj Finance confirming your payment.

Bajaj Finserv Website

Depending on your convenience and preference, you can choose to repay your gold loan on the lender’s official website. Here’s how:

  1. Visit the official website of Bajaj Finance - https://www.bajajfinserv.in/

  2. Select ‘LOAN REPAYMENT’ under the ‘PAYMENTS’ section and click on ‘PAY NOW’

  3. From the drop-down list, select your issuer

  4. Provide your loan number and select ‘FETCH YOUR BILL’

  5. From the list of payment options, choose the one that suits your preferences

  6. Next, enter the payment details as requested and click on the ‘PAY NOW’ option

Using Your Gold as Collateral for a Loan

Pledging your gold jewellery offers a quick and efficient way to access funds in times of need. You can use 18 to 22 karat gold as collateral, assessed for purity and weight to determine its value. Following a successful valuation, minimal documentation is required for verification. 

Once approved, the loan amount is disbursed directly to your account. You can receive up to 75% of your gold’s value as a loan, based on its weight and purity. The ownership of the gold remains with you while it is securely stored. This process allows you to unlock your gold’s financial potential without giving up ownership.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

What is the tenure of the Bajaj Finance Gold Loan?

A Bajaj Finance Gold Loan has a fixed repayment tenure of up to 12 months.

What is the interest rate of a Bajaj Finance Gold Loan?

You can get a gold loan from Bajaj Finance at interest rates starting from just 9.50% p.a. However, do note that the rate offered to you is subject to your eligibility for the loan and the lender’s policies

Can I prepay the gold loan? Are there any charges levied on prepayment?

Yes, you can prepay your loan amount. Also, there are no charges or penalties levied on the prepayment.

What are the benefits of taking a Gold Loan from Bajaj Finance Ltd.?

Bajaj Finance Gold Loan offers several benefits, including a high loan amount of up to ₹2 Crores, part-release facility, minimal documentation, and fast disbursal. You also enjoy zero charges on part-prepayment or foreclosure, along with the option to top up your existing loan when needed.

Who is eligible to get a gold loan from Bajaj Finance?

Indian citizens aged between 21 and 70 years can apply for a Bajaj Finance Gold Loan. The pledged gold must be in the form of 18K or 22K jewellery.

How can I repay my loan at Bajaj Finance? What different options are available for the repayment?

You can repay your Bajaj Finance Gold Loan using UPI, net banking, debit or credit card, e-wallets, or through the Bajaj Finance mobile app.

Where do I repay my loan from Bajaj Finance? Can partial repayment be made towards the gold loan?

You can repay your Bajaj Finance Gold Loan at any branch or online through various modes. Partial repayment is allowed through the part-payment facility, covering both principal and interest.

How and when can I get back the pledged gold jewellery/ornaments from Bajaj Finance?

Once you repay the full loan amount, you can collect your gold from the Bajaj Finance branch after verification. Partial release of ornaments is also available on partial payments.

What is the minimum amount that I get with a Bajaj Finance Gold Loan?

The minimum loan amount available under a Bajaj Finance Gold Loan is ₹5,000.

Is my gold jewellery or ornaments safe with Bajaj Finance Ltd.?

Yes, your pledged gold is stored in secure vaults with 24x7 surveillance and strong safety protocols at Bajaj Finance. 

What is the maximum amount that I can get with a Bajaj Finance Gold Loan?

You can apply for a maximum loan amount of ₹2 Crores, enabling you to meet both planned and unforeseen expenses with ease.

How can I apply for a gold loan with Bajaj Finance Ltd.?

To apply for a Bajaj Finance Gold Loan, you can navigate to the official Bajaj Markets website. Log in using your credentials, navigate to the loans section, and apply through the online application form.

How much can I expect for my gold from Bajaj Finance?

Bajaj Finance offers up to 75% of your gold’s market value as a loan, based on the purity, weight, and valuation of the pledged gold.

I need some more information. How can I contact Bajaj Finance Ltd.?

You can reach Bajaj Finance through customer care on 8698010101 (Monday to Sunday, 9 AM to 9 PM), email, mobile app, or by visiting the nearest branch.

What is the quality range accepted by Bajaj Finance for jewellery loans?

The purity of the gold offered as collateral must be between 18 and 22 karats.

How does Bajaj Finance ensure the safety of the gold I pledge?

Your pledged gold is stored in secure, surveillance-equipped vaults to protect it from theft, damage, or loss.

Is it mandatory to have a co-applicant when applying for a Bajaj Finance Gold Loan?

No, you do not need a co-applicant. The pledged gold itself serves as security for the loan.

Do I require a guarantor to get a Bajaj Finance Gold Loan?

No, a guarantor is not a mandatory requirement for a Bajaj Finance Gold Loan. This is subject to the lender’s policies and your loan eligibility.

What is the loan-to-value (LTV) ratio for gold loans?

On Bajaj Markets, you can get up to 75% of your gold amount as a loan-to-value (LTV) ratio in a gold loan.

How does a gold loan affect my credit score?

Timely repayment of a gold loan can help maintain or improve your credit score. However, missed or delayed payments may lead to defaults, negatively impacting your credit report.

Can I renew my gold loan after the tenure ends?

Yes, you can renew your gold loan once the original tenure ends, subject to lender approval and evaluation.

What are the tax implications of taking a gold loan?

Gold loan proceeds are not treated as income, so they are not taxable. However, there are no specific tax exemptions on the interest paid.

What is the difference between an overdraft gold loan and a regular gold loan?

A regular gold loan gives you a lump sum with fixed repayment terms. An overdraft gold loan offers a credit limit against gold, where you pay interest only on the amount withdrawn.

What happens if I fail to repay the loan amount on the due date?

Failing to repay the loan amount or an EMI repayment can have numerous consequences. They may levy a late payment penalty or take legal action against you under the Negotiable Instrument Act of 1881. The lender also has the right to auction the collateral if you fail to repay the loan.

Some lenders could extend deadlines and due dates in your favour and allow you some more time.

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