Gold Loan Per Gram Rate: Everything You Need to Know

Details about Bajaj Gold Loan Per Gram Rate

Gold loans are an option in some cases the interest, is indispensable when one needs to release the worth of the gold ornaments but does not have a choice to dispose of it. With one of the best per-gram rates of gold in India, Bajaj Finserv also emerges as the most preferred lender of gold loans, while being among the top providers of gold loans in the country. In this blog, we will understand everything regarding the Bajaj Gold Loan per gram rate, its benefits, and how it works.

So the question arises — what is the gold loan per gram rate?

The amount a lender grants per gram of gold pledged is the gold loan per gram rate. A list of things that rate is based on, for example:

• Gold Purity: Generally, the higher the purity of the gold, the higher will be the price.
• Market Rate: The price for a gram of gold is largely dependent on the international price of gold.
• Loan-to-Value Ratio (LTV): The Reserve Bank of India (RBI) permits lenders to give out a maximum of 75% of the current market value of the gold as a loan.

Highlights: Rate of Per Gram Loan from Bajaj Gold Loan

With Bajaj Finserv gold loans, get the best gold prices and appealing gold loan rates. Here are some key highlights:

Loan Amount up to High: Depending on the weight and purity of the gold, you can get a loan starting from as low as ₹500 to several lakhs.

Competitive Per Gram Rate → Bajaj offers monetary costs by the existing market costs to get the maximum gold worth from the loan.

Tenure Flexibility: Borrowers can select the tenure option that best accommodates their repayment abilities, offering this type of financing over periods spanning from several months to many years.

Bajaj Finserv offers a transparent policy of interest rates, processing fees, and other charges.

What is the Formula to Calculate the Bajaj Gold Loan Per Gram Rate?

Here is how to work out how much will be available to you:

• Step 1: What is the weight of your gold jewelry? – For this, weigh the gold in grams.
• Scroll right to check Purity: Purity tester or check hallmarks say if it is 24K | 22K | 18K gold.
• Current Rate: The per-gram rate by Bajaj is based on the trends in the market. Check their site or part of a branch for the actual price.
• LTV Ratio: The market rate and LTV ratio (typically 75%) are multiplied by the weight and purity percentage.

For example:

• Gold Weight: 50 grams
• Purity: 22K (91.67%)
• Market Rate: ₹5000 per gram
• Loan Amount = 50×0.9167×5000×75% = ₹172,501

Advantages of Going with Bajaj Gold Loan

1. Fast Approval and Disbursement: Gold loans are quickly approved and disbursed by Bajaj Finserv, sometimes within 24 – 48 hours.
2. Nominal Documentation: Provide only simple identity and proof of address to initiate.
3. Storage in a Safe Place: Gold is kept in tamper-proof lockers.
4. Zero Credit Rating: With this loan being collateral-based, a poor credit history will not be an issue.
5. Partial-Release Option: Borrowers have the opportunity to partially pay back the loan and receive some of the gold stored in case they need it back.

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Bajaj Gold Loan Per Gram Rate: Factors Affecting It

Some different factors can influence the rate you receive.

• Market Movement: Since the rate of gold is subject to change every day, the loan rates are also affected.
• Note that loan rates can differ very slightly by region.
• Mass of Pure Gold: The weight of only pure gold is counted, stones or some other materials are not counted.
• Inflation and global economic trends can affect rates: Economic Conditions

How to Apply for a Bajaj Gold Loan

Bajaj Gold Loan As simple and easy as this:

• Step 2: Visit Nearest Branch or Apply Online – You can apply at a branch that is nearest to your residence or apply online.
• Provide your gold and – for simple verification – basic documents
• Gold Testing: The experts at Bajaj evaluate the weight and purity of your gold.
• Loan disbursal: After approval, the loan amount is instantly credited to your account.

Conclusion

Bajaj Gold Loan per gram rate is the simplest method to fulfill an immediate financial requirement and one of the most economical gold loan schemes in the market. Bajaj Finserv makes your borrowing experience hassle-free by providing no transparency in the policies and procedures, flexible tenure ranging up to 60 months, and a safe storage facility for your jewelry. So whether you need cash for education, medical emergencies, or business expansion, you can be sure that the cash loan of your gold is a wise option.

Get started with Bajaj Gold Loan and put your gold to work for you today!