✓ No Limit on Loan Amounts ✓ Interest Rate Starting @0.74% p.m. ✓ Minimal Documentation Apply Now

Gold loans are a form of secured loans. To acquire one, an individual can pledge gold articles as collateral to their lender in order to borrow funds. Bajaj Finserv is one such lender that provides gold loans with large loan amounts at minimal interest rates. Bajaj Finserv as a lender can offer a loan to value ratio of up to 75% of the gold submitted as collateral. This is decided on the basis of the current value of gold in the market and the quality of the collateral.

They offer a simple application process with only basic documentation and an online application process for the borrower’s convenience. Bajaj Finserv gold loans are managed at industry-grade standards of operation and security, making it a safe, reliable, transparent and hassle-free lending system for their clients.

Interest Rates & Charges of Bajaj Gold Loan

Given below are all the relevant values which explain interest rates and various charges that are applicable to a Bajaj gold loan.

Types of Charges

Applicable Charges

Interest Rates

 9.50% - 28%

Stamp Duty

 Payable according to state laws

 Deducted from loan amount.

Processing Fees

 Min- 0.12% of loan amount or Rs. 99

 Max- 0.12% of loan amount or Rs.600

Penal Interest

 3% p.a. on outstanding balance

Cash Handling Charges


Foreclosure Charges


Part Prepayment Charges


Auction Charges

 Recovery Charges: Rs. 500

 Physical Notice Charges: Rs. 40 per notice.

 Advertisement Fee: Rs. 200


  • The values given above may vary according to policies and regulations of the financial organisation.

  • Penal interest rate 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 zero, you will have to pay interest of 7 days at least, if you have closed the loan within 7 days of booking.

  • Auction charges are inclusive of applicable taxes

Features & Benefits of Bajaj Finserv Gold Loan

Large Loan Amount

Borrowers can get up to Rs. 2 Crores through Bajaj Finserv gold loans, helping you fulfil all your financial requirements. The interest rates on the loan amount are minimal as well, starting from 10% per year.

Industry-rate Testing

In order to pledge their gold articles as collateral, the borrower must submit their gold for an evaluation. Such testing determines the quality and carat of the collateral which further on determines the loan amount the borrower can receive from the lender. As part of the evaluation process for a Bajaj Finserv gold loan, the submitted collateral is tested in a professional and trustworthy manner which provides the borrower with all-round transparency and assurance.

No Prepayment or Foreclosure Charges

Prepayment or foreclosure charges are applied if the loan is closed any time during the tenure. Prepayment refers to an expedient that allows the borrower to repay their loan in part or full before the loan term ends. Foreclosure, on the other hand, is another facility that allows the borrower to repay the full loan before the closing of the loan term. Some banks and NBFC’s do implement charges and penalties for foreclosure or prepayment but Bajaj gold loans are part of the many expedients that don’t impose a foreclosure or prepayment penalty on the borrower.

Gold Withdrawal

Bajaj Finserv allows their borrowers to take back a part of the gold they pledged as collateral. Here, the borrower can offer a sum of money equivalent to the value of the collateral that they would like to retract. In the case of Bajaj Finserv gold loans, the borrower can request for a portion of their pledged gold articles to be released in exchange for its value and through an easy and transparent process, they may withdraw that gold in a hassle-free manner.

Multiple Repayment Options

The borrower may repay their Bajaj Finance gold loan in many ways. They have the option to pay the interest amount in the form of EMIs and finally, pay the principal amount towards the end of the loan tenure. Partial payments to repay the interest amount and principal amount could also be made over time without conforming with the EMI schedule. Bajaj gold loans can be repaid through regular EMI payments among other options.

Convenient Application

If you wish to apply for a Bajaj gold loan, you will not have to deal with any elaborate application process. All the borrower has to do is use the Bajaj Finserv website or visit the closest Bajaj Finserv branch.

Disclaimer: Terms and conditions apply to the above-mentioned benefits, and these may vary based on the lender.

Eligibility for Bajaj Finserv Gold Loan

Given below are the criteria that make an individual eligible to borrow funds through a Bajaj Finserv gold loan.

  • Employment Status

In order to be eligible for a Bajaj Finance gold loan, the applicant must be a farmer/salaried individual, trader, business person or self-employed. They must have a steady flow of income.

  • Age Criteria

According to the organisation’s regulations, the applicant must be between the ages of 21 years to 70 years old to be eligible for a Bajaj Finserv gold loan.

  • Eligibility of Gold

The gold submitted by the applicant has its eligibility criteria. Bajaj Finserv accepts gold between 18 to 22 carats. Additionally, a Bajaj gold loan cannot be acquired against gold bars or gold coins.

Documents Required for Bajaj Finserv Gold Loan

An applicant is required to present only an address proof and an identity document. Listed below are the documents an applicant could provide while applying for a Bajaj Finserv gold loan.

  • Address Proof:

  1. Aadhaar Card

  2. Valid Passport

  3. Valid Driving Licence

  4. NREGA Job Card

  5. An issued letter from the National Population Register

  6. Voter ID Card

  • Identity Documents

  1. Aadhar Card

  2. NREGA Job Card

  3. Valid Passport

  4. Voter ID Card

  5. Valid 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 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

Bajaj Finserv Gold Loan Calculator

It is recommended that an applicant should understand clearly the interest repayment liability by utilising a gold loan calculator. Before applying for a Bajaj gold loan, Bajaj Finserv’s website helps you with a gold loan calculator to analyse your interest repayment depending on the weight of the gold, the required loan amount, your desired repayment frequency and interest rates. All you need to do is click on Gold Loan Calculator to check the same.

Here’s how one can understand the calculator through a step-by-step analysis.

  • Step 1: The applicant can enter their required loan amount into the calculator.

  • Step 2: Immediately, the weight of the gold that could be pledged for that particular loan amount will be displayed under “Gold to be pledged (in grams)”.

  • Step 3: Upon scrolling down, interest repayment frequency options will be given. The applicant can choose between monthly, bi-monthly, quarterly, half-yearly or annual repayments. Here, the applicant must keep an eye on a banner below which will display the interest repayment amount in accordance with the changes made as per repayment frequency and rate of interest.

  • Step 4: The applicant may also make several calculations of hypothetical interest repayments by adding varying values for interest rates. The scale will allow you to choose between 12% to 24% rate of interest. The banner below will recalculate the interest repayment amount every time you change the rate of interest.

  • Step 5: Finally, the applicant may carefully note the final calculations presented on the banner below which will display the required gold weight, repayment frequency and the interest repayment amount.

Disclaimer: All the calculations made through the Bajaj Finserv Gold Loan Calculator are indicative and may change after actual valuation and testing of the collateral.

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How to Apply for Bajaj Finserv Gold Loan?

An applicant can apply for a Bajaj Finserv gold loan in two ways. They can visit the closest Bajaj Finserv branch or use the Bajaj Markets website to apply for a gold loan. Here’s how you can apply for a Bajaj gold loan online.

  • Click on ‘APPLY NOW’

  • You will be asked to enter your personal details such as your name, mobile number, date of birth, required loan amount, pincode, email address, etc.

  • Once all the details have been filled in accurately and submitted, a representative will contact you to continue with the process

How to Repay Bajaj Gold Loan Online?

In order to repay a Bajaj Finserv gold loan, the borrower must choose a from paying interest amount according to the decided repayment schedule and repay principal amount at the end of the loan tenure, to pay regular EMIs of interest added to principal amount or to pay the interest at the beginning of the loan tenure and the principal amount gradually.

Once this is determined, the borrower can follow the steps given below to repay their Bajaj gold loan online.

  • Step 1: Visit the Bajaj Finserv website.

  • Step 2: Click on the ‘My Account’ header.

  • Step 3: Select ‘Pay Now’.

  • Step 4: Fill in your loan account number. 

  • Step 5: Confirm your loan account number and click on ‘Verify’. 

  • Step 6: Select an online payment method of your choice such as UPI, debit card, online transfer, etc. to repay the pre-decided amount. 

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Bajaj Finserv Gold Loan FAQs

Bajaj Finserv gold loans have a fixed tenure of 12 months.

Yes, the borrower can prepay their Bajaj Finserv gold loan amount and there are no charges or penalties levied on prepayment.

The quality of the gold offered as collateral for a Bajaj Finserv gold loan must be between 18 to 22 carats.

No, a guarantor is not required to authorize a gold loan.

Not being able to repay one’s loan amount or an EMI repayment brings a plethora of 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 of not 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.

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