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In India, gold is not just a precious metal. It is woven into the country’s culture, celebrations, and even finances. When a need for funds arises, many Indians turn to one of the oldest and most trusted solutions: the gold loan. But what exactly is a gold loan, and how does it work? This article unpacks it all in simple terms and shows how smart tools like a gold loan calculator can help you make better decisions.
What is a gold loan?
A gold loan is a type of secured loan where you pledge your gold jewellery as collateral in exchange for funds. The lender evaluates the value of your gold and offers a percentage of it as a loan. Once you repay the loan, you get your gold back.
The biggest advantage? You do not need to sell your jewellery. You retain ownership and still get the funds you need.
With Bajaj Finserv Gold Loan, you can get a loan starting from Rs. 5,000 to Rs. 2 crore against your 18-22 karat gold jewellery. This loan comes with competitive interest rates, convenient repayment options and minimal paperwork.
Why gold loans are popular in India
Gold loans have become a popular financial solution in India due to their simplicity and quick access to funds. Here are some features that make Bajaj Finserv Gold Loan an ideal financial instrument:
- Quick disbursal: Funds are often disbursed within 1 branch visit*.
- Minimal paperwork: Usually, only basic KYC documents are required.
- High loan amounts: Thanks to rising gold prices, you can get a substantial amount.
- Multiple repayment: Choose a repayment option that fits your budget.
- Free insurance of gold: Pledged gold is insured against theft or misplacement while in custody
With high gold prices today, you can unlock even higher loan amounts against your gold jewellery. This makes it a timely and practical borrowing option.
How a gold loan works: Step by step
Here’s a simple breakdown of how the process works with Bajaj Finance:
The role of a gold loan calculator
A gold loan calculator is an online tool that helps you estimate how much loan you can get against your gold jewellery, interest rate, your repayment frequency, and the overall repayment amount. This makes your borrowing experience smarter and more informed.
Benefits of using a gold loan calculator:
- Estimate your eligible loan amount.
- Check your repayment frequency based on the tenure and loan amount.
- Compare repayment options easily.
- Plan your gold loan comfortably.
How to apply for a Bajaj Finserv Gold Loan online
Applying for a gold loan is simple with Bajaj Finance:
- Open the on the Bajaj Finserv website or App.
- Click on “Apply” to initiate online application.
- Enter your 10-digit mobile number and click on “Get OTP.”
- Submit the OTP to verify your identity.
- Fill in your personal details and select the nearest gold loan branch.
- Download the loan eligibility letter.
Once done, you will receive a call from their representative to guide you on the next steps.
Tips to maximise your gold loan benefits
- Use the gold loan calculator: Avoid surprises and know your eligibility upfront.
- Apply when gold prices are high: This helps you get the maximum loan amount.
- Choose the right tenure: Balance your repayment comfort with your loan needs.
- Pay on time: Keep your repayment track record clean to avoid penalties and ensure the safe return of your jewellery.
Final thoughts
A gold loan is more than just a quick fix — it is a smart, convenient, and culturally familiar way to access funds. With minimal paperwork, fast processing, and convenient terms, it is an ideal financial solution for many Indians.
With a trusted lender like Bajaj Finance, you get an added confidence and benefit from high-value loans, digital tools like the gold loan calculator, and app-based convenience through the Bajaj Finserv App. Whether you need funds for an emergency or a planned expense, your gold can unlock the support you need.
Apply for a Bajaj Finserv Gold Loan today and unlock the maximum value for your gold to meet your needs with ease!
“This article is part of the sponsored content programme.”
Published on May 7, 2025
This article first appeared on The Hindu Business Line
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