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BAJAJ FINSERV DIRECT LIMITED

Gold Loan in Chennai

A gold loan offers a quick and hassle-free way to access credit with minimal risk. Since the loan is secured against your gold, the approval process is smooth and straightforward.

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Required Gold Weight

9 gms

Monthly EMI

₹ 8,367

Total Interest

₹ 401

Total Payment

₹ 1,00,401

Today’s Gold Rate @ ₹ 15740 / Gm for 22k purity

Select Type

Required Loan Amount

Interest Rate

- +

Tenure

- +

Check Eligibility

You can also make instant comparisons between gold loan offers from over 6 loan providers on Bajaj Markets

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A gold loan offers a quick and hassle-free way to access credit with minimal risk. Since the loan is secured against your gold, the approval process is smooth and straightforward.

With the availability of online application options, getting a gold loan has become even more convenient. If you are in Chennai and seeking an easy way to get a gold loan, you can apply online through Bajaj Markets.

You can also make instant comparisons between gold loan offers from over 6 loan providers on Bajaj Markets.

Understanding Gold Loans in Chennai

When you choose a gold loan in Chennai, you enter a secured loan arrangement where your gold ornaments act as gold collateral. The gold loan process begins with a quality check of the gold, evaluating the gold rate today Chennai and determining the weight and purity.

Based on that value, the lender calculates the eligible amount using the loan‑to‑value ratio (LTV). Commonly the LTV may go up to 70‑75 %. The lender might also state a fixed gold loan per gram figure. After you accept the offer, documentation is completed and finally loan disbursement happens into your account, often the same day.

Loan tenure is typically short‑term, ranging from a few months to a year, though extensions may be permitted. As the loan is secured by your pledged jewellery, the risk for the lender is lower and processing is quicker than for unsecured loans. Always check how the current market gold rate and purities affect the value of your collateral.

Why Choose Bajaj Markets for Your Gold Loan in Chennai

You can get a gold loan from different local and online gold loan providers; however, each of them may offer varying interest rates and loan-to-value (LTV) ratios. Instead of visiting multiple local gold dealers, Bajaj Markets allows you to compare multiple lenders online. This helps you secure the best possible deal without the hassle of traveling to different branches.

Here are some of the key benefits of getting a gold loan from Bajaj Markets:

Fast Processing

A smooth digital application process ensures that your loan request is reviewed and approved quickly.

Minimal Documentation

The online system simplifies documentation, making the application process hassle-free.

No Hidden Fees

With Bajaj Markets, you get complete transparency, as there are no undisclosed charges.

Reliability

The gold loan process is conducted with full transparency, ensuring trust and peace of mind.

Features and Benefits of Gold Loans in Chennai

Gold loans have simple eligibility criteria and minimal documentation requirements. They come with affordable interest rates and flexible repayment options, making them a convenient choice for quick financing.

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

Part-release Facility

Repay a portion of your loan and reclaim part of your pledged gold before the tenure ends.

High Loan Amount

Get up to 75% of your gold’s current market value, providing easy access to funds.

Flexible Repayment Options

Choose to repay through monthly, bi-monthly, quarterly, half-yearly, or annual payments as per your preference.

No Pre-closure Charges

Close your loan early without incurring additional fees.

No CIBIL Score Requirement

Gold loans do not depend heavily on your credit score, increasing their accessibility to more borrowers.

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

Eligibility Criteria for Gold Loans in Chennai

Before applying for a gold loan, it is important to know the loan eligibility criteria that lenders may require for approval.

Here are the key requirements:

Citizenship: You must be an Indian citizen
Employment Type: You must be an entrepreneur/ farmer/ trader/salaried employee/self-employed individual
Age: You need to be at least 18 years old
Gold as Collateral: The purity of the gold submitted as collateral should be at least 18 karats

Documents Required for Gold Loans in Chennai

Once you meet the gold loan eligibility criteria, you need to submit specific documents when applying for a gold loan.

Here are the required documents:

Any one of the following address proofs

Driving licence
Utility bills
Aadhaar card
Passport

Any one of the following identity proofs:

Aadhaar card
Passport
Driving licence
Voter ID

Gold Loan Interest Rates in Chennai

Our Partners	Minimum Interest Rate	Minimum Loan Amount	Loan Tenure
Bajaj Finserv	9.50% p.a.	₹5,000	Up to 12 Months Check Eligibility
IIFL Finance	11.88% p.a.	₹3,000	24 Months Check Eligibility
indiagold	9.24% p.a.	₹ 20,000	61 Days - 12 Months Check Eligibility
Muthoot FinCorp ONE	9.96% p.a	₹1,550	3 Months - 12 Months Check Eligibility
Rupeek	9.48% p.a.	₹25,000	3 Months - 12 Months Check Eligibility

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

How to Apply for a Gold Loan in Chennai

Applying for a gold loan is a simple and quick process that can be completed online.

You can follow the below given steps:

1. Visit the Bajaj Markets gold loan age

2. Click on ‘CHECK ELIGIBILITY’

If you want to estimate the loan amount you may be eligible for, use the amount-to-weight calculator on the page. Enter the weight of the gold you plan to pledge, and the calculator will display an approximate loan amount.

3. Provide your name, mobile number, date of birth, email address, and pincode in the adjacent form

4. Select loan type and amount

5. Agree to the terms & conditions

6. Click ‘SUBMIT’

After submission, your application will be reviewed, and a representative will get in touch to guide you through the next steps.

How to Calculate Your Gold Loan in Chennai

To estimate how much you can borrow via a gold loan in Chennai, start with the current market gold rate and your pledged jewellery’s net weight and purity:

Multiply the weight (in grams) by the gold rate per gram to arrive at the gross value of your gold.
Apply the lender’s approved Loan‑to‑Value (LTV) ratio (for example up to 75 %) to compute the maximum loan amount.
The resulting amount gives you an estimate of the secured loan you can receive against your gold collateral.
Next, consider the “gold loan per gram” figure some lenders quote: this is effectively the sanctioned amount divided by grams pledged.
From this estimate you can determine typical monthly interest, actual “loan tenure” options offered and what disbursement you will get after deduction of any fees.

Disclaimer: The calculation example provided is for illustrative purposes only and does not constitute a binding offer or guarantee. Actual amounts sanctioned under a gold loan may vary based on the jeweller’s assessment, prevailing gold rate today in Chennai, your chosen loan‑to‑value ratio, loan tenure, lender’s policies, and applicable fees.

Fees and Applicable Charges on Gold Loan in Chennai

The following table outlines the key fees and applicable charges you may encounter when availing a gold loan in Chennai reviewing these helps ensure clarity before the loan disbursement:

Fee Type	Approximate Charge / Example
Processing Fee	Up to 1% of the disbursed amount at one bank.
Valuation / Appraisal Charge	For example: ₹300 for small loans, ₹700‑₹900 for larger sums at one lender.
Foreclosure / Pre‑closure Charge	Example: 2% of outstanding if repaid within 30 days at one bank.
Documentation / Renewal Charges	Example: ₹350 renewal fee + applicable taxes at one institution.
Top‑Up / Renewal / Continuation Fee	Example: 1% of top‑up amount (minimum ₹250) for one lender’s gold‑loan facility.

Disclaimer: These figures are illustrative samples from specific banks. Actual charges in Chennai will vary by lender, loan amount, gold quality, and date. Always verify the current schedule of charges before proceeding.

Why is Gold Loan a Feasible Borrowing Option in Chennai

A gold loan is a secured loan backed by your gold jewellery as gold collateral, making the lending process faster and documentation simpler compared with many unsecured loans. Because the lender holds the collateral, risk is lower for them and that often translates into quicker loan disbursement.

Many borrowers in Chennai prefer this option when they have an instant cash requirement, given its lower interest rates and no income proof needed, and because the value of the pledged gold may benefit from gold value appreciation. With flexible repayment including easy loan renewal and “top‑up” options, the loan tenure is often manageable and shorter term.

The assured nature of collateral‑backed security appeals in a region where gold traditions are strong. Moreover, since the loan‑to‑value ratio (for example up to 75 %) is defined by regulations, borrowers can more reliably estimate how much they can borrow. For people with genuine short‑term cash needs, a well‑managed gold loan can be a feasible borrowing option, provided they understand the process, charges and their repayment capacity.

Gold Loan Bangalore	Gold Loan Chennai
Gold Loan Delhi	Gold Loan Kerala
Gold Loan Pune	Gold Loan Dehradun

Frequently Asked Questions (FAQs)

Can I get a gold loan from the Chennai branch without residential proof?

No, for a gold loan, most lenders in India require both identity and proof of address as part of KYC. Without valid residential proof, the application may be declined or require a co‑applicant who can furnish the address.

How to calculate the gold loan per gram in Chennai?

Calculate the amount by multiplying the current market gold rate per gram by the purity factor (e.g., 22k is 22/24) and then by the allowable loan‑to‑value ratio.