Bajaj Finserv offers gold loans at an interest rate of 9.50% per annum for loan amounts up to Rs 2 crore with a tenure of 1 year. You can get a Bajaj Finserv Gold Loan by pledging your gold jewelry of 18 to 22 carat purity. They claim to provide the loan within 15 minutes of applying and offer free insurance on your gold jewelry.
Bajaj Finserv Gold Loan Highlights | |
---|---|
Interest Rate | 9.50% - 28% p.a. |
Processing Fees | NIL |
Loan Tenure | 1 year |
Loan Amount | Rs 5,000 to Rs 2 crore |
Gold Loan Repayment Facility | Monthly, Bi-Monthly, Quarterly, Half-Yearly and Annually |
Collateral | Security of 18 to 22-carat gold jewellery |
Bajaj Finserv gold loan interest rates begin at 9.50% per annum. The NBFC takes into account factors such as the applicant's credit profile, loan tenure, and quality of the gold jewelry offered as collateral when determining gold loan rates for its customers.
Particulars | Interest Rates (p.a.) |
---|---|
Gold Loan | 9.50% - 28% |
Also read: Best Gold Loan Interest Rate
Bank/NBFC/Fintech | Interest Rate | |
---|---|---|
State Bank of India | 8.75% p.a. onwards | Apply Now |
Axis Bank | 17% - 19% p.a. onwards | Apply Now |
Punjab National Bank | 9.25% p.a. onwards | Apply Now |
Bank of India | 8.80% p.a. onwards | Apply Now |
IndusInd Bank | 8.80% p.a. onwards | Apply Now |
Bank of Baroda | 9.40% p.a. onwards | Apply Now |
Union Bank of India | 9.30% – 10.65% p.a. | Apply Now |
Canara Bank | 9.25% p.a. onwards | Apply Now |
HDFC Bank | 8.50% - 15.97% p.a. | Apply Now |
Federal Bank | 8.99% p.a. onwards | Apply Now |
ICICI Bank | 10% p.a. onwards | Apply Now |
Bajaj Finserv | 9.50% – 28% p.a. | Apply Now |
Manappuram Finance | 12% p.a. onwards | Apply Now |
Bank of Maharashtra | 9.30% p.a. onwards | Apply Now |
Kotak Mahindra Bank | 8% - 24% p.a. onwards | Apply Now |
Indian Bank | 0.77% per month | Apply Now |
IIFL Finance | 11.88% - 27% p.a. | Apply Now |
Rupeek | 8.88% p.a. onwards | Apply Now |
Muthoot Finance | 10.90% p.a. onwards | Apply Now |
Shriram Finance | 11.40% p.a. onwards | Apply Now |
Gold Loan
If you're considering a gold loan from Bajaj Finserv, you can use 18-carat gold jewelry as security. They also provide loans against embedded jewelry, where the loan amount is determined based on the value of the gold jewelry minus the weight of the stones.
Repayment Facility
Bajaj Finserv offers various repayment options for its gold loans, including monthly, bi-monthly, quarterly, half-yearly, and annually. Applicants can choose to repay the pending interest and principal at the end of the loan tenure.
Loan amount
You can get Bajaj Finserv gold loans for amounts up to Rs 2 crore.
Tenure
Bajaj Finserv offers gold loans with fixed tenures of 1 year.
Gold loan borrowers have the option to transfer their existing gold loan to Bajaj Finance through the Gold Loan Balance Transfer Facility. All they need to do is provide the details of their existing gold loan and Gold Deposit Receipt (GDR).
Also read: Best Gold Loan EMI Calculator
Particulars | Charges |
---|---|
Processing Fees | The charges for the gold loan balance transfer facility are 0.12% of the loan amount, with a minimum of Rs 99 and a maximum of Rs 600. |
Part-payment Charges | NIL |
Penal interest | 3% p.a. on the outstanding loan balance |
Cash Handling Charges | Rs 50 (applicable for cash disbursement only) |
Stamp Duty | Payable as per state laws |
Foreclosure Charges | There are no foreclosure charges for closing the loan. However, if the borrower decides to foreclose the loan within 7 days of booking, a minimum of 7 days' interest will be charged. |
Auction Charges |
|
Bajaj Finserv provides gold loans to Indian residents aged between 21 to 70 years, using 18 to 22 karat gold jewelry as collateral.
Also read: Best Gold Loan Eligibility
Here is the list of documents (any one) required for availing Bajaj Finserv Gold Loan:
Additionally, PAN Card is required for gold loans of Rs 5 lakh and above.
Also Read : Best Gold Loan Documents Required
Here are the key features and benefits of the Bajaj Finance gold loan:
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.