The final loan amount is subject to gold valuation, applicable Loan-to-Value (LTV) limits and eligibility requirements.
Bajaj Finance Gold Loan allows eligible borrowers to pledge gold jewellery, ornaments and coins to access funds for planned or urgent financial needs. The Bajaj Finance Gold Loan interest rate starts at 9.50% per annum. The applicable rate directly affects the interest payable over the selected loan period, making it important for borrowers to check the rate before finalising the loan amount and repayment tenure. Processing fees and other applicable charges should also be reviewed as part of the overall borrowing cost.
The repayment tenure determines how long borrowers have to repay the loan under the applicable repayment plan. Bajaj Finance Gold Loan offers repayment tenure starting from 1 day and extending up to 12 months for interest-servicing plans. The applicable tenure may vary depending on the repayment arrangement selected. Choosing a suitable tenure can help borrowers align repayments with their financial situation.
Borrowers can also use the online gold loan calculator offered by Bajaj Finance Gold Loan to estimate their interest repayment before applying. To use the calculator, borrowers first need to enter the amount they plan to borrow, followed by the applicable gold loan interest rate. They can then select the preferred repayment tenure based on the available repayment options.
The calculator provides an indicative estimate of interest repayment based on the details entered. Borrowers seeking to estimate how much their eligible gold may support can separately use Bajaj Finance’s gold rate calculator. The potential loan amount depends on the assessed gold purity, eligible weight, applicable LTV and prescribed valuation methodology.
The final loan amount is confirmed only after the lender physically assesses the pledged gold and completes the required eligibility and valuation checks.
Using the calculator before applying can help borrowers estimate interest repayment, compare different loan amounts and tenures, and get a clearer understanding of the expected repayment commitment. The calculator can be accessed online through a mobile phone or computer.
The applicable Bajaj Finance Gold Loan interest rate may vary within the stated range. Calculator results are indicative and should be used for planning purposes. The gold loan calculator estimates interest repayment, while the gold rate calculator can help estimate the potential loan amount.
The final loan amount depends on eligible gold weight, purity, applicable LTV and valuation. Bajaj Finance considers the lower of the previous day's closing price or the 30-day average closing price for the relevant gold purity, as published by IBJA or a SEBI-regulated commodity exchange. Applicable processing fees and other charges should be checked separately.
A Bajaj Finance Gold Loan offer can be planned by understanding the applicable interest rate, available tenure and the purpose of each calculator. Reviewing these details before applying can provide borrowers with a clearer view of the possible repayment commitment and help them approach the loan process with better information.
T&C Apply.
Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits.
The company has a diversified lending portfolio across retail, SMEs and commercial customers, with a significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers.
BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and, on a consolidated basis, has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.
For more information, visit www.bajajfinserv.in.
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