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Learn about instant gold loans to meet urgent financial needs quickly. Compare top lenders on Bajaj Markets to find the best rates, pledge your gold with minimal paperwork, and access funds instantly.
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:
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.
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.
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.
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.
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:
Click on ‘CHECK ELIGIBILITY’ on this page
Choose the loan type from the two options given on the form
Enter the required personal details, such as your name, contact number, and date of birth
Provide the required loan amount
Enter your pincode, choose your gender, and type in your email address
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):
Address Proof (any one):
Bajaj Markets stands out as a platform to get instant gold loans due to several advantages:
Compare instant gold loans with other loan options on Bajaj Markets to understand which is faster, more convenient, and cost-effective for your financial needs:
| Parameter | Instant Gold Loan | Personal Loan |
|---|---|---|
Security |
Secured |
Secured or unsecured |
Loan amount |
Depends on the purity and value of gold |
Depends on the borrower’s income and credit score |
Interest Rates |
Lower, starting from 9.48% p.a. |
Higher, starting from 9.99% p.a. |
Processing Time |
Often within hours |
Usually takes longer, often several days |
Documentation |
Minimal, only KYC and proof of gold ownership |
More extensive with proof of income, identity, etc. |
Repayment Tenure |
Shorter, up to 36 months |
Longer, up to 96 months |
Credit Score Impact |
Not a major factor |
Primary factor for eligibility |
Disclaimer: The information added above is subject to change as per changes in lender policies and market conditions.
An Instant Gold Loan is a secured loan that allows you to quickly borrow money by pledging your gold jewellery or coins as collateral. The loan amount is generally up to 75% of the current market value of the gold.
The process involves valuing your gold, document verification, and disbursing funds within minutes or hours, making it an ideal solution for urgent financial needs.
Most lenders on Bajaj Markets disburse funds shortly after your application is reviewed and an executive contacts you. If you meet all criteria, your loan is approved quickly, and the amount is credited to your account within minutes or a few hours.
Yes, your gold is stored securely in a vault throughout the loan tenure. Lenders ensure strict safety measures so your asset remains protected until it is returned to you.
Yes, most lenders allow you early repayment of your loan. However, depending on the lender’s policy, a foreclosure or prepayment penalty may apply, so it is advisable to check the terms before repaying.
The gold loan amount depends on the loan-to-value (LTV) ratio. With lenders available on Bajaj Markets, you can get up to 75% of your gold price as a loan.
For an instant gold loan, your credit score is usually not a key factor in approval. Since the loan is secured against your pledged gold, lenders focus primarily on the asset rather than credit history.
