Different gold loan providers in Bangalore may offer a loan with varying interest rates and Loan-to-value (LTV) ratios. Instead of going from one local gold dealer to another, Bajaj Markets lets you compare multiple lenders in one place. This ensures you get the best possible deal without the hassle of visiting multiple branches.

Here are some more benefits you should know:

Fast Processing

With a seamless digital application process, your loan request can be reviewed and approved swiftly.

Minimal Documentation

The online documentation system simplifies the gold loan application, making it hassle-free.

No Hidden Fees

Applying for a gold loan through Bajaj Markets ensures complete transparency, with no undisclosed charges.

Reliability

The entire gold loan online application process is conducted transparently, ensuring trust and peace of mind.

Gold loans come with easy-to-meet eligibility criteria and documentation. They are offered at affordable gold loan interest rates and flexible repayment options. 

Here are some more of the key features and benefits of getting a loan for gold:

Part-release Facility

You have the option to repay a portion of your loan and reclaim part of the pledged gold before the tenure ends.

High Loan Amount

You can secure up to 75% of your gold’s current market value, making it easier to access funds.

Flexible Repayment Options

Repay your loan through monthly, bi-monthly, quarterly, half-yearly, or annual payments based on your preference.

No Pre-closure Charges

You can repay or close your loan early without any additional fees.

No Credit Score Requirement

Your credit score is not a major factor in the approval process of loan on gold jewellery, so it is accessible to a wider range of borrowers.

*Disclaimer: Terms and conditions apply to the benefits mentioned above, and these may vary from one lender to another.

Before applying for a gold loan in Bangalore you need to understand the eligibility criteria you might be required to fulfill for your application to be approved. 

Here are the requirements listed:

Age

You need to be at least 18 years old

Nationality

You must be an Indian citizen

Employment

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

Gold Purity

The purity of the gold submitted as collateral should be at least 18 karats

In addition to fulfilling the eligibility criteria for loan against gold requirements, you also have to provide a list of documents when apply for a loan for gold:

Here’s the list:

Any one of the following identity proofs:

• Driving licence

• Voter ID

• Aadhaar card

• Passport

Any one of the following address proofs

• Aadhaar card

• Passport

• Driving licence

• Utility bills

The application procedure can be completed online with minimal steps involved. Here is how you can proceed to apply for a gold loan through Bajaj Markets:

1. Visit Bajaj Markets gold loan page

2. Click on ‘CHECK ELIGIBILITY’

If you want to calculate the loan amount you might be eligible for approximately, you can use the amount:weight gold loan calculator available on the page. Just enter the weight of the gold you are about to pledge, and the calculator will display the approximate loan amount.

1. Once you have checked this loan amount, you can further enter your basic personal details in the adjacent form

2. Select the loan type 

3. Enter your name, mobile number, date of birth, email address, and pincode 

4. Add the required loan amount

5. Select your gender

6. Tick mark the terms and conditions you agree with 

7. Click on ‘SUBMIT’

8. After this, your application will be reviewed and an executive will contact you for further proceeding

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