As the value of gold increases, the loan amount on gold jewelery is also increasing. And the lenders offer high value gold loans based on the purity of the gold jewelery and the intrinsic loan-to-value (LTV) ratio. LTV ratio refers to the loan amount that you can avail against the value of your gold asset.
Lenders usually with an LTV of 75% gold loan provide. Among the many options available, you should definitely consider a Bajaj Finserv Gold Loan.
You can avail a Gold Loan up to Rs.2 crore from Bajaj Finserv and enjoy a host of attractive benefits. It includes easy gold loan application process, competitive interest rates, accurate appraisal process and much more.
Read on to know more about why taking a Gold Loan from Bajaj Finserv is a good idea.
Easy eligibility and minimum documents with simple application
You can get a Gold Loan from Bajaj Finserv by meeting the eligibility criteria, which are as follows:
- The age of the borrower should be between 21-70 years
- The person taking the loan should be a self-employed businessman, salaried, businessman, businessman, or farmer.
Once you meet the basic gold loan eligibility criteria, you can apply for a Bajaj Finserv Gold Loan with minimal paperwork. Accepted documents include the following:
- Aadhar card
- driving license
- voter id card
- NREGA Card
In some cases, you may be required to submit proof of income to prove your ability to make timely payments. On submission of these documents, you can complete your gold loan application and wait for the approval. This usually happens very quickly and you can get approval within a few hours.
Accurate evaluation methods ensure proper evaluation
The amount you get as a gold loan depends on the purity of your gold and the appraisal method used by the lender. Keep in mind that with any lender, you can only get a gold loan against jewelry. Bajaj Finserv offers Gold Loan for gold jewelery of 22 karat and above purity. Bajaj Finserv uses an industry-grade carat meter for evaluation. This ensures that your jewelery is properly valued and your transactions are transparent. To avail attractive loan offers per gram of your property, choose Bajaj Finserv and access funds with ease.
Flexible repayment solutions with competitive interest rates
The interest charged by the lenders determines the cost of availing the gold loan. Since it is a secured loan, the rates are low. Bajaj Finserv a Competitor gold loan interest rate and it ensures a cost effective experience. You also need to opt for flexible repayment provisions to ensure that your EMI remains pocket friendly. Opt for Standard EMI or choose to pay interest periodically.
No charges for partial or full repayment with part-release facility
Bajaj Finserv not only offers easy ways to get a gold loan but also makes repayment easy. Here, you can pre-pay in full or in part at no extra cost. Such payments greatly reduce interest expense and can help you save money. You also get part-release facility and you can get some of the pledged jewelery by paying the same amount. With these facilities, you can easily avail and repay a Gold Loan without any stress.
high-end Complimentary gold insurance for safety protocols and protection
When you take a gold loan from a lender, you pledge the gold jewelery with the lender as collateral. In view of this, it becomes prudent to select a lender who has excellent security protocols in place to ensure their safety and security. With Bajaj Finserv, your gold assets are kept securely in a top-tier vault with 24×7 monitoring, and rooms are equipped with motion detectors.
Additionally, you can opt for a complimentary gold loan policy against missing and theft. All this ensures that your gold assets are safe and secure, while also giving you the freedom to use the gold loan amount as per your need.
Considering the many features of a Bajaj Finserv Gold Loan, avail it and get the amount you need to meet your goals. To get started, apply online or visit your nearest Bajaj Finserv Gold Loan branch.