A gold loan serves as a practical solution for individuals seeking immediate financial support. Gold loans offer a simple and accessible way to access funds without having to compromise on the ownership of the gold jewellery. A loan against gold jewellery can be especially helpful in times of financial need, such as medical emergencies, education expenses, or starting a new business venture.
Bajaj Finserv Gold Loan
As the loan is secured against physical gold jewellery, it offers a lower gold loan interest rate, unlike loans like personal loans or education loans. Another added advantage is the quick gold loan process for application and disbursal. Unlike secured loans that involve extensive documentation and credit checks, a gold loan offers a quicker and simpler application process.
With a Bajaj Finserv Gold Loan, borrowers can effortlessly access funds ranging from Rs. 5,000 to Rs. 2 crore, with interest rates starting at just 9.50% per annum. They can conveniently apply online by providing minimal information such as their name, 10-digit mobile number, and OTP.
What makes gold loan a smart choice for quick finance | Bajaj Finserv
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Here are five simple tips that can help individuals navigate the process easily and efficiently.
Get the gold ready: Before starting the application, individuals should gather their gold jewellery that they plan to use as collateral. It is important to ensure that the gold is in good condition and accurately weighed and assessed for purity. This step will help streamline the evaluation process and make the application smoother.
Checkeligibility criteria: Individuals should review eligibility requirements beforehand to ensure they meet the necessary conditions. To get a Bajaj Finserv Gold Loan, one just needs to be an Indian citizen aged between 21 and 70 years, with 18-22 karat gold jewellery at their disposal. Being aware of these factors can prevent unnecessary delays.
Minimal documentation: Gold loans involve minimal paperwork. Borrowers only need to have any of the following essential documents – Aadhaar Card, Voter ID card, passport, driving licence, NREGA job card, or a letter from National Population Registration.
Choose the right repayment plan: Bajaj Finance offers multiple repayment options, allowing borrowers to choose a plan that suits their financial situation. Individuals should carefully consider their ability to repay and select a tenure and repayment frequency that aligns with their budget.
Additional charges: Borrowers should consider possible extra costs linked to a gold loan, like processing and evaluation fees, along with prepayment charges. With Bajaj Finance, borrowers do not have to pay any foreclosure* or prepayment charges on their gold loan.
By following these five simple tips, individuals can streamline their gold loan application process and make it a hassle-free experience.
How to apply for a quick gold loan
To apply for a Bajaj Finserv Gold Loan online, just follow these few simple steps.
Visit the Bajaj Finserv Gold Loan page.
Access the online application form.
Provide your 10-digit mobile number and receive the OTP.
Submit the OTP to verify your details.
Choose your state and city to find the nearest branch.
Enter your complete name and date of birth as per your PAN.
Schedule an appointment at the nearest branch.
Once you have submitted the application, a Bajaj Finance representative will reach out to guide you through the next steps. With a vast network of more than 800 branches throughout India, Bajaj Finance ensures prompt and hassle-free loan processing, ensuring a convenient experience. To apply for a gold loan today, visit the Bajaj Finserv website.
Terms and conditions apply.
About Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 72.98 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.
To know more, visit www.bajajfinserv.in.