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Gold Loan in Pune

A gold loan, also known as loan against gold, is one of the simplest ways to secure quick credit with minimal risk.

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Required Gold Weight

16 gms

Monthly EMI

₹ 8,367

Total Interest

₹ 401

Total Payment

₹ 100,401

Today’s Gold Rate @ ₹ 9102 / Gm for 22k purity

Select Type

Required Loan Amount

Interest Rate

- +

Tenure

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Check Eligibility

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

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Why Choose Lenders on Bajaj Markets for a Gold Loan in Pune

Gold loan lenders in Pune may have different gold loan interest rates and Loan-to-value (LTV) ratios. Instead of visiting multiple lenders individually, Bajaj Markets offers a convenient way to compare various options in one place. This simplifies the process and helps you find the most suitable deal without unnecessary effort.

Here’s why you should choose this marketplace to compare different lenders and apply for a gold loan in Pune:

Quick Approval

Its streamlined digital application process ensures your loan request is evaluated and approved swiftly.

Minimal Documentation

This marketplace comes with an online application system that reduces the paperwork, making the process hassle-free.

Transparent Charges

With Bajaj Markets, you can be assured of complete transparency. There are no hidden fees or unexpected charges.

Trustworthy Process

The gold loan application process is made entirely transparent throughout the different stages, ensuring your peace of mind.

Features and Benefits of Gold Loans

Gold loans are easy to obtain, requiring minimal documentation and eligibility criteria. They come with competitive interest rates and flexible repayment options.

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

Part-release Facility

You can repay a portion of your loan and retrieve part of your pledged gold before the gold loan tenure ends.

High Loan Amount

You can get up to 75% of your gold’s current market value, ensuring quick access to funds.

Flexible Repayment Options

You can choose from monthly, bi-monthly, quarterly, half-yearly, or annual repayment plans as per your convenience.

No Pre-closure Charges

You can easily close your loan early without worrying about additional fees.

No Credit Score Requirement

Your credit score does not heavily impact loan approval, making gold loans more accessible.

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

Eligibility Criteria

Before applying for a loan against gold in Pune, you must meet certain eligibility requirements for approval.

Here are some of the criteria to apply for a gold loan:

Age

You must be at least 18 years old

Nationality

Only Indian citizens are eligible

Employment

Salaried employees, self-employed individuals, entrepreneurs, farmers, and traders can apply

Gold Purity

The pledged gold should have a minimum purity of 18 karats

Documentation Required for a Loan against Gold

Along with meeting the gold loan eligibility criteria, you need to submit specific documents when applying for a gold loan:

Identity Proof (any one):
- Voter ID
- Aadhaar card
- Driving licence
- Passport
Address Proof (any one):
- Passport
- Driving licence
- Aadhaar card
- Utility bill

How to Apply for a Gold Loan in Pune

Applying for a gold loan financing in Pune is a simple and hassle-free process that can be completed online in just a few steps.

Here’s how you can apply for loan for gold in Pune through Bajaj Markets:

Visit the gold loan page of Bajaj Markets
Click on the ‘CHECK ELIGIBILITY’ tab to proceed

If you wish to estimate your loan against gold amount, enter the gold weight in the gold loan EMI calculator. It will display an approximate loan amount based on the current gold rate.

Fill in your personal details, such as, your name, mobile number, date of birth, email address, and pincode on the redirected application page
Choose the type of loan and specify the required loan amount
Select your gender and agree to the terms and conditions
Click on ‘SUBMIT’ to complete the process

Once submitted, your application will be reviewed, and a representative will contact you for the next steps.

Gold Loan Interest Rates in Pune

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 Finance	9.96% p.a.	₹1,500	7 Days - 36 Months Check Eligibility
Muthoot FinCorp ONE	9.96% p.a	₹1,550	3 Months - 12 Months Check Eligibility
Rupeek	8.88% p.a.	₹25,000	3 Months - 12 Months Check Eligibility

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

Frequently Asked Questions (FAQs)

What is a gold loan, and how does it work?

A gold loan is a secured loan where you pledge your gold ornaments (18-24 karats) as collateral in exchange for funds from a lender.

Who is eligible to apply for a gold loan in Pune?

Any Indian citizen aged 18 or above with gold of at least 18 karats can apply for a gold loan.

What documents are required to apply for a gold loan?

You will need to provide identity and address proof, such as an Aadhaar card, passport, driving licence, voter ID, or utility bill.

How is the value of my gold determined?

The loan amount is calculated using the Loan-to-Value (LTV) ratio applied to the gold’s market value. Usually your gold is evaluated based on its purity (e.g., 22K or 24K), weight, and current market price.

What are the current interest rates for gold loans in Pune?

Gold loan interest rates in Pune on Bajaj Markets start from 8.88%. Whether you reside in Pune or any other city, applying online can provide a seamless experience.

How long does it take to process and disburse the loan amount?

Once your gold and documents are verified, the loan amount is processed and disbursed quickly, often within a few hours.

What repayment options are available for gold loans?

You can choose from multiple repayment options, including bullet payments, EMIs, or part payments, based on your financial preference.

What happens if I default on my gold loan repayment?

If repayments are not made on time, penalties may be applied. Continued default may lead to the lender auctioning your pledged gold.

Can I prepay or foreclose my gold loan? Are there any charges?

Many lenders allow prepayment or foreclosure. However, some may charge a fee depending on their loan terms.

How do fluctuations in gold prices impact my gold loan?

If gold prices increase, your loan eligibility may rise. Conversely, a drop in gold prices may reduce the loan amount you can get.

How much loan can I get per gram for a gold loan in Pune?

The loan amount per gram is calculated based on the gold rate, which is currently ₹6,785 per gram for 22-carat gold on Bajaj Markets.

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Gold Loan in Pune

Why Choose Lenders on Bajaj Markets for a Gold Loan in Pune

Features and Benefits of Gold Loans

Eligibility Criteria

Documentation Required for a Loan against Gold

How to Apply for a Gold Loan in Pune

Gold Loan Interest Rates in Pune

Frequently Asked Questions (FAQs)

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