Doorstep Gold Loan - Apply Instant Gold Loan at Home

Gold loan is an ideal solution for various financial needs. Be it wedding expenses, medical emergencies, or education expenses, you can get a significant amount of loan quickly. You can now get a doorstep gold loan from the comfort of your home from the lenders available on Bajaj Markets. 

The loan enhances the borrowing process with improved security and more comfort. Thus, it is important to learn about their advantages and strategies to utilise them well. Know how you can get a gold loan at home, its benefits and much more.

A doorstep gold loan lets you secure a gold loan from the comfort of your home, without needing to visit a bank or branch. Once you apply, a representative from the lender will visit your home or office to evaluate your gold and immediately disburse the loan.

This convenient service is free and especially helpful for those in remote areas or with mobility challenges, saving both time and the hassle of travel.

In India, gold loan providers offer various ways to get a loan at the borrower's convenience. Some popular ways are branch visits, online applications, and doorstep facilities. Apply for a doorstep gold loan and get the required funds from the comfort of your home without visiting a branch. 

Here are some key reasons why you must consider this service:

• You can get a gold loan without leaving your home

• You can save time by avoiding trips to the bank or branch

• You can receive a free service for evaluation and loan disbursement

• You can access the service even if you're in a remote area

• You can take advantage of this option if you have limited mobility

• You can enjoy quick processing with instant loan disbursement after evaluation

By getting a gold loan at home, you can enjoy the following advantages:

• Convenience

Instead of visiting a branch office, consider starting the gold loan application process from the comfort of your home. This eliminates the need for time-consuming travel and results in a seamless borrowing experience.

• Flexible Amount and Tenure 

You can submit your gold assets and get loans based on your collateral’s value. Lenders usually offer up to 75% of the appraised value of gold as a loan. This allows you to get the required funds as per your specific requirements. 

Also, lenders may offer different tenure options, usually for up to 36 months. Through this, create a repayment plan that aligns with your financial situation and capabilities.

• Safety and Free Insurance

Transporting the gold to the branch office yourself puts it at risk of theft, damage and loss. To solve this problem, many lenders provide safe transportation facilities for your gold, which is then stored in secure vaults. 

The lender may offer free insurance on the gold submitted as collateral. This ensures your gold’s safety against potential damages and risks. 

• Privacy and Discretion

Lenders provide an added layer of confidentiality with doorstep gold loans. The process usually takes place at the location of your choice, adding a layer of privacy. It ensures that your financial and personal data remains protected and secure.

• Expertise and Transparency

A team of lender representatives visit your office or home when you opt for a doorstep gold loan. These professionals bring their experience and knowledge to your doorstep. They appraise your gold’s value with special equipment and tools, right in front of you. 

Herein, they assess the quality of your gold by checking the BIS hallmark, purity of gold (which should be between 18 and 24 karats), and so on. 

They also advise and offer effective tips by explaining the terms of the loan and answering your queries. This ensures a smooth overall borrowing experience.

• Financial Inclusivity 

Doorstep gold loan services can help those living in remote areas access formal funding solutions. This service allows providers to reach a broader audience, promoting financial inclusivity through this service.

• Timely Access to Funds

You can get instant access to funds during emergencies with the help of doorstep gold loans. Also, the approval of the loan and its disbursement processes are usually quick. Be it for medical emergencies or new business opportunities, speedy access to funds this way can help.

• Competitive Interest Rates

Lenders who offer doorstep gold loan services often offer low gold loan interest rates. Usually, this is because the borrowed amount is secured by the pledged gold, which reduces the associated risk for the lender. 

Be sure to compare and research offers from various lenders to find an offer that suits your budget and financial requirements.

• Retention of Gold Ownership

You can retain the ownership of your gold assets over the gold loan tenure. This allows you to retrieve your ornaments and items once you repay the loan. This can be an additional advantage in case your gold holds sentimental value. 

Some lenders may also provide a part-release facility. You can retrieve a portion of your gold equivalent to the additional lumpsum paid before the tenure ends.

• No Credit History Requirements

Usually, credit checks are not compulsory in the case of gold loans at home. This makes it an ideal choice if you have a weaker credit profile. However, having a healthy credit history and a high CIBIL score is advantageous. 

A positive repayment track record and a strong score can help you secure the loan on more favourable terms. It may also help you to negotiate and get lower gold loan interest rates.

Here are the lending partners of Bajaj Markets offering gold loans at home:

• Muthoot FinCorp One

• Muthoot Finance

• Rupeek

• Indiagold

• Bajaj Finserv

• IIFL Finance

You can compare different gold loan offers to find the one that best suits your financial needs. Moreover, you can apply for it easily online to book an appointment for gold collection from your doorstep.

Before applying for the gold loan via Bajaj Markets, ensure you meet the gold loan eligibility criteria. Here are the criteria:

• You must be an Indian citizen

• Your age must be at least 18 years

• You must be either a salaried employee, a self-employed individual, a trader, a farmer, or entrepreneur

• The gold item you are pledging should have a purity level of at least 18 karats

You will also need to submit the following documents for verification:

• Identity Proof: Aadhaar card, Passport, Driving licence, Voter ID

• Address Proof: Aadhaar card, Passport, Driving licence, Utility bills

You can get a doorstep gold loan via Bajaj Markets by following the simple steps mentioned below:

1. Click on ‘CHECK ELIGIBILITY’ option on this page

2. Fill in your personal information, including your name, mobile number, and date of birth

3. Enter the loan amount you are seeking and your PIN code

4. Select your gender (male, female, or others) and enter your email address

5. Hit the ‘SUBMIT’ button

After this, a loan representative will contact you to further process your loan application.

Bajaj Markets allows you to explore and choose a gold loan from various lenders. Apply for a doorstep gold loan online from a lender whose rates and charges suit you most. Here are the lenders and the terms they offer:

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

Here are some essential charges that you should consider before applying:

Disclaimer: The fees and charges are subject to change at the lender’s discretion.

Bajaj Markets offers are versatile, and the loan amount makes sure it can serve all kinds of borrowers. You should consider opting for a loan via this platform due to the following reasons:

• High Loan Amount: Get up to 75% of your gold’s market value for easy access to funds

• Flexible Repayment: Choose to repay monthly, bi-monthly, quarterly, half-yearly, or annually

• Part-release Option: Repay a portion of your loan and reclaim part of your gold before the tenure ends

• No Pre-closure Charges: Prepay or close your loan anytime without extra fees

• No Credit Score Requirement: The loan approval depends on the purity of gold, not your credit score