Opt for a Bajaj Finserv Gold Loan on Bajaj Markets at pocket-friendly rates
✓ Interest rate starting @0.79% p.m. ✓ Minimal documentation ✓ Tenure up to 12 months
Get a Bajaj Finserv Gold Loan of up to ₹2 Crores on Bajaj Markets and enjoy affordable interest rates starting at 9.50% p.a. Choose a convenient repayment timeline from 1 day up to 1 year. Apart from these benefits, you can enjoy additional perks like industry-grade standards of operation, security and zero foreclosure charges.
The details for Bajaj Finserv Gold Loan are as follows:
Fees and Charges |
Amount (₹) / Percentage (%) |
Interest Rates |
9.50% p.a - 24.00% p.a. |
Processing Fee |
|
Stamp duty (as per respective state) |
Payable as per state laws and deducted upfront from 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 Pre-payment Charges |
Nil |
Foreclosure Charges |
Nil, any time post disbursement of loan |
PG Facility Charges |
₹11 (Inclusive of applicable taxes) will be charged for utilising the payment gateway to make part or full payments towards the loan through digital properties |
Convenience Fee |
Convenience fee of ₹149 (inclusive of applicable taxes) shall be levied for part release of ornament(s) pledged. |
Auction Charges |
Nil |
Renewal of loan |
a) Renewal prior to actual loan maturity date Borrowers may renew Gold Loans at the end of loan tenure subject to LTV being as per regulatory norms. A fresh credit appraisal will be done by the company prior to renewal. b) Renewal post actual loan maturity date The company has restricted renewal of gold loans post loan maturity. |
Top Up of loan |
a) Top-up prior to loan maturity Top-up of existing gold loans are allowed to customers prior to maturity, provided LTV is as per regulatory norms. A fresh credit appraisal will be done by the company prior to top-up. b) Top-up post loan maturity but loan still active due to outstanding dues The same is not allowed. |
Permissible purpose of loan |
Providing short/medium period loans to individuals for Personal and Business use. |
*Disclaimers:
The values given above may vary according to the policies and regulations of the financial organisation
Penal interest rates will be over and above the interest rates mentioned above
It shall be chargeable to the borrower in case of non-payment of dues after maturity
Cash handling charges are applicable if disbursement is made in cash
Although foreclosure charges are “0”, but in cases the Borrower closes the loan, interest on a pro-rated basis will be applicable.
- Auction charges are inclusive of applicable taxes
Features and Benefits of Bajaj Finserv Gold Loan
Check out the attractive features and benefits of the gold loan by Bajaj Finserv:
Higher Loan Amount
Get ample funding of up to ₹2 Crores to meet your financial obligations effortlessly
Competitive Interest Rates
Enjoy high affordability with interest rates starting at just 9.50% p.a.
Multiple Repayment Options
Repay the loan through regular monthly, bi-monthly, quarterly, half-yearly, or annual payments. You can also make partial payments based on your convenience.
No Prepayment or Foreclosure Charges
Close the gold loan anytime without worrying about any prepayment or foreclosure charges
Gold Withdrawal
Take a part of the pledged gold by depositing money equivalent to the value of the collateral
You need to meet the following eligibility criteria to apply for the gold loan:
Age: Your age must be between 21 and 70 years
Purity of Gold: The gold must be between 18 to 22 karats. Gold bars or gold coins do not qualify as collateral
Here are the documents you need to submit:
Address Proof: Any one of the following
Aadhaar card
Passport
Driving licence
NREGA job card
An issued letter from the National Population Register
Voter ID Card
Identity Documents: Any one of the following
Aadhaar card
NREGA job card
Passport
Voter ID
Driving licence
Given above are OVDs (Officially Valid Documents) and often, address discrepancies exist in such documents. As a temporary solution, the applicant can provide the following documents to register an address for a Bajaj Finserv Gold Loan. However, the borrower is required to submit OVDs with the updated address within three months of application.
Pension or family pension document
Utility bill of the current or previous month
Property or Municipal tax receipt
Letter of allotment of accommodation from employer
Get a Bajaj Finserv Gold Loan on Bajaj Markets through the official app or website:
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
Choose ‘New Gold Loan’ as your loan type
Fill in your personal details, such as your name, mobile number, and date of birth
Enter the loan amount you require and your pincode
Select your gender (male, female, or other) and provide your email address
Click on ‘SUBMIT’ to proceed
After this, a representative of the lender will reach out to you and schedule a date to appraise your gold’s value.
You can get a repayment tenure of up to 1 year with a Bajaj Finserv 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 Finserv by following these simple steps:
Head over to the App Store or Google Play Store and download the Bajaj Finserv Loans App
Log into the app using your credentials or register yourself as a new user
Navigate to the ‘BILLS AND RECHARGES’ section, then choose the ‘LOAN REPAYMENT’ option
Next, choose your loan issuer from the options provided
Provide your loan number and select ‘FETCH YOUR BILL’
Choose your preferred payment method from the list provided
Enter the required payment details, then click on ‘PAY NOW’
After the transaction is completed, you will receive a notification from Bajaj Finserv 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:
Visit the official website of Bajaj Finserv - https://www.bajajfinserv.in/
Head over to the ‘PAYMENTS’ section and click on the ‘BILLS AND RECHARGES’ option
Now, select ‘LOAN REPAYMENT’ under the ‘FINANCIAL SERVICES AND TAXES’ section
From the drop-down list, select your issuer
Provide your loan number and select ‘FETCH YOUR BILL’
From the list of payment options, choose the one that suits your preferences
Next, enter the payment details as requested and click on the ‘PAY NOW’ option
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.
FAQs On Bajaj Finserv Gold Loan
What is the tenure of the Bajaj Finserv Gold Loan?
A Bajaj Finserv Gold Loan has a fixed tenure of up to 12 months.
What is the interest rate of a Bajaj Finserv Gold Loan?
You can get a gold loan from Bajaj Finserv 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 is the quality range accepted by Bajaj Finserv for jewellery loans?
The purity of the gold offered as collateral must be between 18 and 22 karats.
Do I require a guarantor to get a Bajaj Finserv Gold Loan?
No, a guarantor is not a mandatory requirement for a Bajaj Finserv Gold Loan. This is subject to the lender’s policies and your loan eligibility.
What happens if I fail to repay the loan amount on the due date?
Not being able to repay one’s loan amount or an EMI repayment brings numerous consequences upon the borrower. Some lenders could extend deadlines and due dates in favour of the borrower and allow them some more time.
If the borrower extends 180 days without repaying the loan amount, the lender can take legal action against the borrower under the Negotiable Instrument Act of 1881. The lender also has the right to auction the collateral if the borrower fails to repay the loan.
In conclusion, the borrower’s credit health would be severely impacted along with their legal records and history as a country citizen.
