Instant Gold Loan

An instant gold loan offers multiple advantages, making it a practical choice for meeting financial needs while allowing you to retain ownership of your gold. Here are some advantages:

• Quick Help in Emergencies

You can rely on an instant gold loan during emergencies because the funds are disbursed quickly, and there are no restrictions on fund usage. Whether you need to pay medical bills, manage household expenses, or handle urgent travel needs, the loan ensures immediate financial support, giving you peace of mind in critical situations.

• Easy Management of Planned Expenses

You can also use an instant gold loan for larger planned expenses. It can help you pay for education, cover wedding costs, or support business requirements. By unlocking the value of your gold, you manage expenses on time without disturbing your long-term savings or investments.

• Unlock Value While Keeping Gold Safe

A gold loan allows you to access funds against your assets without the need to sell them. Your gold remains safely stored with the bank or NBFC in secure lockers, giving you peace of mind while you use the funds for urgent or planned needs.

• No Credit History Needed

You can get a gold loan without worrying about your credit score. Approval depends only on the purity and quantity of the gold you pledge, making it an easy option for self-employed individuals or those with limited credit history.

• Low Processing Cost

Since your gold serves as collateral, lenders can approve the loan quickly with minimal paperwork. This keeps the processing fee low or even zero in many cases, helping you save on extra costs.

The digital process makes submitting your gold loan application to your chosen lender quick and easy. Before applying, compare bajaj markets  interest rates and other terms to select the most suitable option. You can follow these simple steps to apply on Bajaj Markets:

1. Click on ‘CHECK ELIGIBILITY’ on this page

2. Choose the loan type from the two options given on the form

3. Enter the required personal details, such as your name, contact number, and date of birth

4. Provide the required loan amount 

5. Enter your pincode, choose your gender, and type in your email address

6. Accept the terms and conditions after reading carefully and click on ‘SUBMIT’  

After you apply, executives will verify your eligibility and guide you through the next steps of the process.

Applying for a loan against collateral has simpler criteria compared to an unsecured loan. You must meet the following criteria to apply for a loan against your gold via Bajaj Markets: 

• You must be an Indian citizen above 18 years of age 

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

• The gold ornament or coin should be at least 18 karats

To apply for an instant gold loan, you need to submit an application with identity and address proof. Here are documents valid for the two types of documents: 

Identity Proof (any one): 

• Aadhaar card
• Passport
• Driving licence
• Voter ID

Address Proof (any one):

• Aadhaar card
• Passport
• Driving licence
• Utility bills

Bajaj Markets stands out as a platform to get instant gold loans due to several advantages:

• Competitive Interest Rates: You can benefit from interest rates starting at just 9.48% p.a., making this a more cost-effective option compared to other borrowing options.

• Simple and Digital Process: The application process is quick and completely digital, with minimal documentation, ensuring you receive funds instantly.

• Flexible Repayment Options: You can choose from EMIs, part-payments, or bullet payments, allowing you to structure repayments conveniently according to your income and financial commitments.

• High Loan-to-Value Ratio: Lenders on Bajaj Markets allow you to borrow up to 75% of your gold’s value, helping you access maximum liquidity while keeping your asset secure.

• Secure Storage of Gold: Your pledged gold remains safe throughout the tenure as it is stored in fully insured and highly secure vaults, ensuring complete peace of mind.