Bajaj Finance Gold Loan

Gold Loan @ 7%

Apply & Get Instant Money

Bajaj Finance Gold Loan Key Features

Bajaj Finance Gold Loan Amount Up to Rs. 1 Crore (With Income Proof)
Bajaj Finance Gold Loan Interest Rate 7.0% per annum
Bajaj Finance Gold Loan Per Gram Rate Per Gram Today is ₹ 5,268
Bajaj Finance Gold Loan Processing Fee 1.50% of the Principal Loan Amount
Bajaj Finance Gold Loan Prepayment Charges 2%+GST (Within 3 Months), 0 (After 3 months)
Bajaj Finance Gold Loan Repayment Tenure 3 Months to 24 Months
Bajaj Finance Gold Loan Repayment Scheme Bullet Payment Scheme, Overdraft Scheme

Advantages of taking Bajaj Finance Gold loan:-

  • Quick Procedure: Bajaj Finance Gold Loan aids you with easy and quick processing. The loan gets approved in 30 minutes.
  • Simple Documentation: Necessary documents will be required for the Bajaj Finance Gold Loan.
  • Duration of Loan: According to individuals’ comfort, they can choose the duration from 3 months to 2 years.
  • Available for everyone: Any individual can apply for loans, there are no restrictions on the salary of applicants.
  • Transparent System: The bank does not charge any extra amount, customers are completely given transparency.
  • Burden free: The applicants should be tension free from debt if they are not able to repay the loan amount. The bank will only seize the ornaments.
  • Amount of Loan: The amount of loan differs from Rs. 15000  to Rs.  10000 depends on the rural and urban areas respectively.
  • No Debt Bound- If in case, an applicant doesn’t repay the amount, the bank will not hold them for debt charges.
  • Benefits to farmers– Cultivators are awarded special benefits if a low rate of interest.

How Much Gold Loan can I Get through Bajaj Finance Gold Loan?

Bajaj Finance Gold Loan Per Gram – Updated September 2020:

Updated - Gold Loan Per Gram Rate

Gold Weight

Gold Purity

Gold Purity

Gold Purity

Gold Purity

24 Carat

22 Carat

20 Carat

18 Carat

1 gram

4680 4290 3900 3510

10 gram

46800 42900 39000 35100

20 gram

93600 85800 78000 70200

30 gram

140400 128700 117000 105300

40 gram

187200 171600 156000 140400

50 gram

234000 214500 195000 175500

100 gram

468000 429000 390000 351000

200 gram

936000 858000 780000 702000

300 gram

1404000 1287000 1170000 1053000

400 gram

1872000 1716000 1560000 1404000

500 gram

2340000 2145000 1950000 1755000

 

Bajaj Finance Bank Gold Loan Eligibility:

Applicants who want to apply for a loan must fulfill the eligibility criteria:

Age

18-70 years of age

Nationality

Indian

Employment Status

Salaried, Self-Employed

Gold Quality

Minimum 18 Carats

 

Bajaj Finance Bank Gold Loan Documents Required:

Applying for a gold loan is easy in Bajaj Finance Bank, the necessary documents required are given below-

Photographs

2 Passport Size

Identity Proof

Aadhar Card, Passport, PAN Card, etc. (Only 1 is required)

Residence Proof

Aadhar Card, Driving License, Ration Card, etc. In the case of Rented House then the rent agreement or water/electricity bills for the last three months can be considered. (Only 1 is required)

 

Bajaj  Finance Bank Gold Loan Interest Rate, Fees, and Charges:

The gold loan is secured and thus the credit is against gold as the security is available at the low-interest rate. The gold loan interest rates are quite low in comparison to personal loans, as the rate of gold loan keeps changing timely from person to person.

Gold Loan Interest Rate

7.00% per annum

Processing Fee

1.50% of the Principal Loan Amount

Prepayment/Foreclosure Charges

2%+GST (Within 3 Months), 0 (After 3 months)

Valuation Fee

Rs 250 for a loan up to Rs 1.5 lacs and Rs 500 for a loan over and above Rs 1.5 lacs

Late Repayment Charges

2% p.a. + Applicable rate of interest.

Renewal Processing Fees

Rs 350 + GST

 

About Bajaj Finance Gold Loan:

Financial difficulties are uncertain and any individual can face a financial crisis. But, patience and intelligence are what you need in such hard times. Thus, Gold Loan helps you to get out of such difficulties. Gold Loan is a secured loan. There are various banking and non-banking companies that provide you the gold loan but Bajaj Finance Gold Loan comes out to be the best. It provides you with the best financial services.

  • Bajaj Finance Gold Loan Interest Rate is7.0% per annum
  • Bajaj Finance Gold Loan Per Gram is ₹ 5,268
  • Bajaj Finance Gold Loan Tenure: Up to 24 months
  • Bajaj Finance Gold Loan Processing Fee is Up to 1.50% of the Loan Amount + GST

Types of Bajaj Finance Bank Gold Loan:

Let’s have a look over several gold loan schemes provided by the Bajaj Finance Bank:

  • Loan Against Gold – Comparatively, the gold loan is completely a secured loan than another form of loan products, thus; the bank can easily lend and amount to the applicant at a low-interest rate In this way, the Bajaj Finance Bank provides the gold loan at feasible rates so that it can fulfill the needs of an individual professionally and personally.
  • Loan Against Gold for Agriculture–  Bajaj Finance Bank provides the gold loan to the farmers at a special rate of interest in comparison to other uses. Land proofs are a must as it specifies the purpose behind taking a loan and should be provided to the bank.

Bajaj Finance Bank Gold Loan EMI Calculator:

Rate of Interest
6 months
1 Yr
2 Yrs
3 Yrs
7.00% 17008 8652 4477 3088
8.00% 17058 8699 4523 3134
8.50% 17082 8722 4546 3157
9.00% 17107 8745 4568 3180
9.50% 17131 8678 4591 3203
10.00% 17156 8791 4614 3227
10.50% 17181 8815 4637 3250
11.00% 17205 8838 4661 3274
11.50% 17230 8861 4684 3298
12.00% 17254 8885 4707 3321
12.50% 17279 8908 4731 3345
13.00% 17304 8932 4754 3369
13.50% 17329 8955 4778 3393
14.00% 17354 8979 4801 3418
14.50% 17378 9002 4825 3442
15.00% 17403 9026 4845 3466

 

How to Pay Your Bajaj Finance Gold Loan EMI?

Bajaj Finance Gold Loan can be repaid in the following ways-

  • Standing Instruction (SI): If you are a current account holder of Bajaj Finance Bank, Standing instruction is the most trustworthy compensation method. Monthly your EMI amount will be credited automatically from the Bajaj Finance Bank.
  • Electronic Clearing Service (ECS):  If you do not have a Bajaj Finance Bank record, you can easily get your EMI’s debited consequently near the end of the month to month period from your this account.
  • Post-Dated Checks (PDC): You can present post-dated EMI analyses from the non-Bajaj Finance statement at your Bajaj Finance Bank Loan center. PCDs should be presented immediately.

 Bajaj Finance Bank Gold Loan Contact Number:

For the acknowledgment of the best offers on Gold Loan available and best deals worthy of your needs, you can contact on the given number 9878981144. This will help you to solve your queries regarding approval for Bajaj Finance Bank Gold Loan.

Gold Ornaments Accepted by Bajaj Finance Bank:

  • Gold Jewellery-   Bajaj Finance Bank accepts Gold Bangles, Gold anklets, Gold necklaces, Gold rings for availing a Gold Loan.
  • Quality- The quality of the gold should lie between 18 carats to 22 carats. 24-carat gold ornament is not accepted to avail gold loan at Bajaj Finance Bank.

Use of Bajaj Finance Bank Gold Loan:

The fund obtained by Bajaj Finance Gold Loan can be used for various other purposes-

  • Fulfills your marketing requirements such as fresh supply, developing marketing, and many more.
  • Helps in funding any specific investments like higher tuition fees, matrimony, etc.
  • The bank provides a loan at a lower interest rate for farmers or related fields.

Gold Loan Interest Rate of Major Banks

Bank

 Interest Rates

HDFC Bank Gold Loan

7.00% – 14.50%

ICICI Gold Loan

7.00% – 16.10%
Muthoot Finance Gold Loan

7.00% – 24.00%

Axis Bank Gold Loan

7.00% – 17.00%
Manappuram Gold Loan

7.00% – 26.00%

Yes Bank Gold Loan

7.00% – 15.99%
Bank of India Gold Loan

7.00% – 26.00%

Federal Bank Gold Loan 

7.00% – 13.50%
IIFL Gold Loan

7.00% – 12.00%

Central Bank of India Gold Loan

7.00% – 14.65%

Canara Bank Gold Loan

7.00% – 12.65%

Allahabad Bank Gold Loan

7.00% – 10.45%

Induslnd Bank Gold Loan

7.00% – 15.75%
PNB Gold Loan

7.00% – 11.75%

Bajaj Finance Gold Loan

7.00% – 26%
SBI Gold Loan

7.00% – 15.99%

Indian Bank Gold Loan

7.00% – 15.99%
UCO Bank Gold Loan

7.00% – 26.00%

Kotak Mahindra Bank Gold Loan

7.00% – 13.50%
Syndicate Bank Gold Loan

7.00% – 12.00%

 

FAQs About Bajaj Finance Gold Loan:

  • What is Bajaj Finance Gold Loan?

Bajaj Finance Gold Loan is a loan scheme where one gives an undertaking of their gold ornaments to avail loan to fulfill their short term needs. It also provides good interest rates and EMI based loan.

  • How can I get the Gold Loan from Bajaj Finance Bank?

You can avail of the gold loan from Bajaj Finance Bank either by applying online at the BookMyLoans website for home service or you can visit any of the Bajaj  Finance Bank branches.

  • How much Gold Loan can I get per gram in Bajaj Finance Bank?

Bajaj Finance Bank accepts pure gold between 18 carats to 22 carats. Per gram gold, loan availability depends on n purity of gold.  You can avail up to 5,268 per gram in Bajaj Finance Bank.

  • What is Gold Loan Interest Rate in Bajaj Finance Bank?

The rate of interest in Bajaj Finance Bank is 7.0%. The rate of interest is completely dependent on loan amounts, relationship with the bank, and duration of the loan.

  • How to check Gold Loan status in Bajaj Finance Bank?

You can check your gold loan status by visiting the Bajaj Finance Bank gold loan tracker webpage. You can check and stay updated about your gold loan status.

  • How to calculate Gold Loan Interest in Bajaj Finance Bank?

You can calculate the gold loan interest by the EMI calculator that helps you with the accurate amount based on the information entered.

  • How to Pay Bajaj Finance Bank Gold Loan Interest Online?

You can pay gold loan interest either through net banking on Bajaj Finance Bank or you can use Paytm or any other payment method you are suitable with.

  •  What if I can’t pay the interest on Bajaj Finance Bank Gold Loan for 3 months?

Firstly, the bank will remind you of your pending dues and if the payment is still not done then official legal notice is sent demanding the repayment and closure of the loan.

  • How can I apply for EMI Moratorium on Bajaj Finance Bank Gold Loan?

You can apply for EMI Moratorium on Bajaj Finance Bank Gold Loan between 1st September and 31st October 2020 and has to be done by contacting the Bank customer care or visiting the nearest  Bajaj Finance Bank Bank branch.