Are you in need of immediate funds to fulfil your financial requirements? Bajaj Finserv Gold Loan offers a simple and hassle-free solution to get quick access to money. Whether it is for medical emergencies, higher education expenses, home renovations, or any other personal needs, this gold loan allows you to unlock the true value of your gold and meet your financial goals without any delays.
With Bajaj Finserv, you can get an instant gold loan starting from Rs. 5,000 up to Rs. 2 crores against your gold jewelry. The interest rate on gold loan is lower than most unsecured loan options, starting from just 9.50% per annum. An added advantage of a Bajaj Finserv Gold Loan is its easy verification and application process. You can avail of this loan with just one of your basic KYC (Know Your Customer) documents, making the borrowing process even more convenient. The list of documents includes proof of identity and residence like- Aadhaar Card, voter ID card, passport, driving license, NREGA job card and letter issued by National Population Registration.
Here is a closer look at the benefits of availing a gold loan from Bajaj Finance.
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Quick loan disbursal
Opting for a gold loan with just one KYC document makes the borrowing process quick and easy. To apply for a gold loan, you just have to be an Indian citizen, aged between 21 and 70 years. You will need to submit your KYC document and the gold jewellery you want to pledge. This simplifies the application process, speeds up loan approval and disbursal. The swift turnaround time can be immensely beneficial during urgent financial needs.
High value per gram of gold
The loan amount that you can receive through a gold loan is calculated based on the value of gold loan per gram. Bajaj Finserv offers a maximum loan of up to 75% of the market value of your 18-22 karat gold jewellery. The jewellery is evaluated using state-of-the-art karat metres and kept in secure vaults under constant surveillance. Additionally, you get the advantage of free insurance coverage for the pledged gold jewellery. This not only gives you peace of mind but also adds an extra layer of protection throughout the loan duration.
Multiple repayment schedules
Bajaj Finserv Gold Loan comes with the flexibility to choose a tenure that suits your financial condition the best. You can choose to pay your interest monthly, bi-monthly, quarterly, half-yearly, or annually, as per your convenience.
No credit score dependency
One of the biggest advantages of instant gold loans is that they do not require a strict credit check. This means that even if you have no credit history or a low credit score, you can still avail these loans based on the value of your gold jewellery.
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No hidden charges
When you take a gold loan, you will not be charged extra if you decide to repay the loan partially or fully before the agreed-upon time. This gives you the freedom to manage your finances better, as you can pay back the loan whenever it suits you, potentially saving on interest costs. With no additional fees, a gold loan becomes a financially practical and convenient choice for your borrowing needs.
Gold loans have emerged as a game-changer in the lending landscape, providing quick and hassle-free access to funds during financial emergencies. The streamlined borrowing process, convenience, and online application make it an attractive financing option for a wide range of borrowers. By leveraging the value of your gold jewellery, you can address urgent financial needs, capitalise on opportunities, and navigate through challenging times with ease.