There will always be extra costs, no matter how meticulously you budget. There’s suddenly a pressing need for cash, whether it’s a medical crisis or the need to meet payroll. Bajaj Finserv’s gold loan is an easy solution to handle short-term cash needs because the interest rate does not change during the loan’s duration. It’s not only quick, but also safe.
Applying for and receiving approval for a gold loan will only take a few hours. Now, here’s what you’re supposed to do. If you want to deposit gold, you can do it at any Bajaj Finserv branch, and a trained valuer will assess its condition and give you an accurate valuation based on the current market value of gold and you can get the instant gold loan you need in a matter of minutes.
Gold loans—why are they necessary?
One of the most significant advantages we enjoy as Indians is the fact that we have been hoarding and investing in gold for hundreds of years. This has allowed us to accumulate tremendous wealth. Because gold is recognized as suitable security when applying for a loan, this investment has generated substantial returns over the course of the past few years. Lakhs of people have been utilizing their newly acquired financial power and taking out loans against gold for a wide variety of purposes, ranging from medical care and housing to commercial endeavors and educational opportunities.
Want to get a gold loan instantly?
Bajaj Finserv offers one of the most competitive gold loan rates and the best gold loan scheme available. The following are just some of the many perks and advantages of Bajaj Finserv gold loans:
Excellent Interest Rates
Gold loans start with an attractive interest rate of 11.5%. Bajaj Finserv offers quick gold loans with cheap processing fees, as low as 0.1%. The organization also offers you a personalized repayment plan to make the process as easy and stress-free as possible.
Maximum loan amount
You can get a loan for up to 75% of your gold’s value with the help of Bajaj Finserv’s instant gold loan scheme. This sizable part not only protects you from potential increases in the price of gold but also allows you to maximize the value of your unused gold.
Hassle free process
Bajaj Finserv makes it simple to receive a fast gold loan with little paperwork required. Aadhar Card, another form of identification, an address verification document, and two current passport-sized photos are all that is required to obtain the loan.
Instantaneous disbursal
Your gold loan will be disbursed immediately following approval. The value of your gold will be determined within a day, and the loan amount you qualify for will be conveyed to you instantly. The money will be deposited into your account within minutes of final approval.
Safety and insurance
Your gold is 100% safe in Bajaj Finserv’s care, according to their insurance policy. Insurance for the gold is also provided for your peace of mind.
No financial necessity
You don’t need to prove that you fall into a certain income bracket or provide proof of a certain credit history. They care only about the monetary value of the gold you possess.
Loan extension
Renewing your loan gives you the option to extend the time period during which you make payments. The firm works to ensure that you can achieve your personal and professional objectives without experiencing undue difficulty in accumulating liquid assets.
Life coverage
You have two layers of security for your loan: gold insurance and a life insurance policy. If the loan applicant were to die before the loan was paid off, the loan would be forgiven. After this is completed, the family will receive the loan they used as collateral.
Payment choices
You may rest easy knowing that you have several alternatives for paying back your loan from Bajaj Finserv. You can choose from a variety of solutions, some of which do not involve EMI, for the same.
Individuals and families sometimes find themselves in precarious situations when the economic climate is unstable and there is no assurance regarding their income. In circumstances like these, the absence of liquid assets can be a barrier to the achievement of goals. In order to prevent this from occurring, Bajaj Finserv’s instant gold loan scheme provides gold loans that are highly flexible, have low interest rates, and can help you obtain immediate cash in exchange for your gold.