Access funds starting from Rs. 5,000 to Rs. 2 crore, with competitive interest rates and an easy-to-use gold loan calculator.
Even though a wide percentage of the population has emergency savings, unforeseen and unplanned costs might pop up at any time! Having quick access to money can be quite helpful in times of need, whether it is for essential house repairs or a medical emergency. A gold loan is one of the most effective ways to receive quick funds, and Bajaj Finance has some of the greatest options available.
A gold loan allows you to borrow money against your gold jewellery. It’s a secured loan, which means you use your gold as collateral to get the loan. These loans are an excellent choice for those unforeseen financial requirements as they are easier to apply for and have quicker processing times. All you need to do is look for an option with a decent gold loan interest rate, and evaluate your gold loan amount. You can use the gold loan calculator to evaluate the amount.
A gold loan usually has a lower interest rate than other unsecured loans like credit card loans or personal loans since it is backed by your gold jewellery or other assets. This implies that obtaining funds comes at a much lesser cost!
To understand how interest rates vary let’s have a look at the factors bearing effect on these rates:
- Loan Amount: A bigger loan amount can slightly lower your interest rates.
- Loan Tenure: Like all loans, the length of your repayment period can affect the interest rate.
- Gold Purity: The gold karatage and quality also influence the rate.
Using the Gold Loan Calculator
Before you apply for a gold loan, it’s always a good idea to understand how much you can borrow and what your monthly payments might look like. This is where the gold loan calculator comes in handy. The Bajaj Finserv Gold Loan Calculator is an easy-to-use online tool that helps you estimate your loan amount and interest repayment schedule.
Here’s how to use the gold loan calculator:
Enter the Gold Weight: Input the total weight of your gold jewellery in grams.
2. Select the Purity: Choose the purity level of your gold (e.g., 22K, 24K).
3. Check the Loan Amount: The calculator will display the loan amount you’re eligible for based on the current market value of gold.
4. Adjust the Tenure: Select your preferred loan tenure to see how it affects your repayment schedules.
This tool is incredibly helpful in planning your finances and ensuring you’re comfortable with the repayment terms before you commit.
Benefits of Choosing Bajaj Finserv Gold Loan
Let’s dive into how a Bajaj Finserv Gold Loan can be your key to quick funds and why it might be the perfect solution for you.
- Get Instant Funds: Easily leverage your gold assets into funds without having to sell them.
- No Need To Sell Your Gold Assets: Keep your gold safe while you use the funds for your immediate needs.
- Flexible Repayment Terms: Repay comfortably within the selected tenure
- No Credit Score Impact: Since it’s a secured loan, your credit score isn’t the primary factor for approval, making it accessible to more people.
In times of financial need, a Bajaj Finserv Gold Loan can be your best ally. With competitive gold loan interest rates, a user-friendly gold loan calculator, and a quick, hassle-free process, it’s a reliable and efficient way to access quick funds. Whether you need funds for an emergency or any other purpose, leveraging your gold assets through a Bajaj Finserv Gold Loan can provide the liquidity you need without having to sell your precious gold.
So next time you find yourself in need of funds, remember that your gold can unlock the quick funds you require, with Bajaj Finance making the process smooth and beneficial.
*Terms and conditions apply.
