Gold Loan in Kannur

With easy access to funds, you can unlock the value of your gold to meet personal, agricultural, or business needs. Key benefits include: 

• Financial Inclusion

You can access credit in Kannur without extensive documentation or a credit history. By choosing this straightforward borrowing option, you reduce your reliance on informal lenders and benefit from a more inclusive financial environment. 

• Economic Growth

By taking a gold loan, you increase liquidity in the local economy, supporting spending and investment. This increased economic activity can, in turn, generate employment and promote growth in Kannur.

• Support for Small Businesses and Entrepreneurs

You can use a gold loan to manage working capital for your business efficiently. With high loan-to-value ratios, quick approvals, and competitive interest rates, you can sustain growth, innovate, and grow your business.

A gold loan in Kannur provides a convenient and reliable way for you to access funds quickly, with minimal documentation and maximum flexibility. It is ideal if you need short-term financial support without selling your gold assets.

• Immediate Capital: You receive instant funds directly in your bank account upon approval, ensuring quick financial assistance when required

• No End-Use Restrictions: You have complete freedom to use the loan amount for any purpose, including personal, business, or emergency needs

• Better Liquidity: You can unlock the value of your idle gold assets to gain easy liquidity and manage urgent expenses

• Online Process: You can apply online through Bajaj Markets for a smooth, paperless, and hassle-free experience without visiting a branch

• Minimal Paperwork: You benefit from a simple application process with limited documentation and faster loan disbursal

• Gold Loan Tax Benefits: If used for home construction, purchase, or improvement, you may be eligible for tax benefits under Section 80C of the Income Tax Act

• No Credit Score Requirement: You can secure a gold loan even without a high CIBIL score, making it widely accessible

• Lower Interest Rates: You can take advantage of comparatively low interest rates since the loan is secured against gold, reducing your borrowing costs

• Security of Physical Gold: The pledged gold is stored in secure, insured vaults and is returned to you after the loan is fully repaid, subject to lender policies

Before applying for a gold loan, you need to pass certain age and nationality eligibility criteria. Also, you might be required to provide documentation for your identity and address proof, listed below. 

• Nationality: You need to be an Indian citizen

• Age: Minimum age requirement is 18 years

• Employment: Salaried employees, self-employed individuals, entrepreneurs, farmers, and traders are eligible

• Gold Purity: The pledged gold needs to have a purity of at least 18 karats

Disclaimer: Eligibility criteria are subject to change and may vary as per the lender’s terms and policies.

You can apply for a gold loan either by visiting a nearby lender branch for an offline process. You can also apply online on Bajaj Markets as the process is simple, quick, and completely paperless. Here are the steps you can follow: 

1. Click on ‘CHECK ELIGIBILITY’ on the official gold loan page of Bajaj Markets

2. Select your gold loan type as ‘New Gold Loan’ 

3. Enter your basic personal details, such as name, mobile number, gender, and email address 

4. Provide the required gold loan amount and enter your pincode 

5. Accept the terms and conditions and click on ‘SUBMIT’ to proceed 

6. Your application will be reviewed, and a customer care executive will contact you for the next steps

The Gold Loan Calculator on Bajaj Markets allows you to estimate the amount you can borrow against your gold, based on its weight and purity. 

This online tool enables you to adjust the loan amount, interest rate, and tenure to calculate your monthly EMI, total interest, and overall repayment instantly. It simplifies planning your repayment and helps you select the most suitable loan option.

You can choose from multiple repayment options for your gold loan, allowing you to manage your finances with ease. Consider the following:

• Pay Interest as EMI and Principal Later

You pay only the interest amount as EMIs during the loan tenure and settle the principal at maturity. This option provides flexibility and reduces your monthly repayment burden.

• Make Partial Payments

You can repay the loan in parts at your convenience, either principal or interest. This reduces the overall interest outgo and gives you greater financial control.

• Bullet Repayment

Both the principal and interest are paid together at the end of the loan tenure. This option is suitable if you prefer to avoid monthly EMIs and settle the entire amount in a single payment.

• Regular EMIs

You pay fixed monthly EMIs covering both principal and interest. This method is ideal if you have a steady income, ensuring timely and consistent repayments.

Financial institutions ensure the highest safety standards for gold pledged as collateral to protect your assets. Here is how your gold assets are protected: 

• Vaults: Your gold is kept in highly secure vaults equipped with advanced surveillance and alarm systems

• Insurance Coverage: Institutions provide insurance coverage to safeguard your gold from risks such as burglary, fire, or natural disasters

• Restricted Access: Only authorised personnel can access stored gold, maintaining confidentiality and preventing unauthorised handling

• Regular Audits: Frequent audits and inspections are conducted to verify the security and integrity of stored gold

• Accountability of Institutions: Gold loan providers take responsibility for the collateral and clearly document insurance and safety clauses

On Bajaj Markets, you can get a gold loan online, ensuring quick access to funds with minimal hassle. Here are some additional reasons: 

• Substantial Loan Amount

Depending on the value of your gold and the lender's terms, you can access high loan amounts suitable for a wide range of financial needs.

• Competitive Interest Rate

You can benefit from competitive interest rates starting at 9.48% p.a., ensuring affordable repayments.

• Flexible Tenure

You can select a repayment tenure of up to 24 months, allowing you to plan repayments according to your financial comfort.

• Quick Processing

You can apply online through a simple process and get your gold loan reviewed, verified, and approved quickly.

• Minimal Paperwork

With simplified digital documentation, applying for a gold loan is smooth, saving you time and effort.

• Zero Hidden Charges

With lenders on Bajaj Markets, you benefit from complete transparency with no hidden fees or extra costs. 

• Security and Trustworthiness 

Your pledged gold is stored securely in high-safety vaults with advanced surveillance, supported by a reliable and transparent loan process.