with Bajaj FinservGold LoanYou can reduce the financial burden and enjoy the festival to the fullest. Bajaj Finance Offers loans ranging from ₹5,000 to ₹2 crores, with a variety of repayment options, free insurance for pledged gold and more. Let’s find out why gold loans have become a sensible financing option.
Understanding Gold Loans
A gold loan is a secured loan in which gold ornaments or jewellery is used as collateral. This type of loan is ideal for individuals who need quick funds without selling their precious gold assets. Bajaj Finserv Gold Loan simplifies the process with its easy-to-use mobile app, ensuring you get a seamless experience from application to disbursement.
Why choose Bajaj Finserv Gold Loan?
Bajaj Finserv Gold Loan offers a practical solution for those who want to manage their expenses seamlessly. Here’s why it stands out:
- Quick Disbursement: Get instant cash on gold jewellery of 18-22 carat value, perfect for urgent needs during the festive season.
- Flexible Repayment: You can choose from multiple repayment options that can be tailored to your financial situation.
- Minimum documents: Apply with your original KYC documents like Aadhaar Card, Voter ID Card, Passport, Driving License, NREGA Job Card or letter received from National Population Registration.
- Free Gold Insurance: You can avail free insurance cover against theft or loss of your gold jewellery, as long as it is in their possession. You can rest assured as your gold is kept safe under strict surveillance.
Understanding Hallmark Gold
When applying for a gold loan, the quality of your gold can impact your eligible loan amount. Hallmark GoldLenders prefer gold that is certified for purity by the Bureau of Indian Standards (BIS). Hallmarked gold is gold that has been tested and certified for its purity by a recognised authority. In India, this is done by the BIS. Hallmarked gold is represented by a hallmark stamp, which confirms its purity and is thus more valuable when used as collateral for a gold loan.
Benefits of Hallmark Gold
- Higher loan amount: Hallmarked gold, certified for purity by the Bureau of Indian Standards (BIS), is considered more valuable by lenders. This often results in the possibility of getting a larger loan amount compared to non-hallmarked gold.
- Streamlined Assessment Process: The purity certification provided by hallmarking simplifies the process of evaluating gold. Lenders can avoid extensive testing, thereby speeding up loan disbursement.
- Increased transparency: Hallmarked gold ensures clarity in terms of its value, thereby reducing the chances of disputes between borrowers and lenders. This transparency promotes a seamless transaction.
- Increased Confidence: The certification of hallmarked gold builds trust and confidence between the borrower and the lender. It assures the authenticity of the gold and reduces the risk of fraud.
- Efficient Loan Processing: Since hallmarking gives a clear indication of purity, the overall loan process is more simple and efficient, benefiting both the borrower and the lender.
Choosing hallmarked gold for loan offers financial benefits and peace of mind, making it a preferred choice for availing gold loan.
Bajaj Finance accepts hallmarked gold for loans, ensuring you get the best possible value for your gold jewellery. The Bajaj Finserv Gold Loan app facilitates an easy application process, allowing you to manage your loan efficiently.
Steps to Apply for Bajaj Finserv Gold Loan
1. Download the Bajaj Finserv Gold Loan app: Available on both Android and iOS, this app lets you apply for a loan from the comfort of your home.
2. Submit your application: Provide basic information about your gold and your financial needs.
3. Get your gold valued: Make an appointment to get your gold valued at your nearest branch.
4. Receive your loan amount: Once your gold is valued, the loan amount will be disbursed directly into your bank account.
This Ganesh Chaturthi, celebrate with peace of mind by managing your expenses with ease with Bajaj Finserv Gold Loan. With quick disbursement, minimal documentation and the convenience to meet your financial needs, Bajaj Finserv ensures that you have one less thing to worry about during the festive season. Celebrate the festive cheer and let Bajaj Finserv meet your financial needs with ease.
DISCLAIMER – The above content is non-editorial, and TIL disclaims any and all warranties, express or implied, with respect thereto, and does not guarantee, or necessarily endorse, any of the content.
