Gold Loan at Home

You can now get a doorstep gold loan from the comfort of your home from the lenders available on Bajaj Markets. The loan enhances the borrowing process with improved security and more comfort. Thus, it is important to learn about their advantages and strategies to utilise them well. Know how you can get a gold loan at home, its benefits and much more.

By getting a gold loan at home, you can enjoy the following advantages:

Convenience

Instead of visiting a branch office, consider starting the loan application process from the comfort of your home. This eliminates the need for time-consuming travel and results in a seamless borrowing experience.

Flexible Amount and Tenure 

You can submit your gold assets and get loans based on your collateral’s value. Lenders usually offer up to 75% of the appraised value of gold as a loan. This allows you to get the required funds as per your specific requirements. Also, lenders may offer different tenure options, usually for up to 60 months. Through this, create a repayment plan that aligns with your financial situation and capabilities.

Safety and Free Insurance

Transporting the gold to the branch office yourself puts it at risk of theft, damage and loss. To solve this problem, many lenders provide safe transportation facilities for your gold, which is then stored in secure vaults. The lender may offer free insurance on the gold submitted as collateral. This ensures your gold’s safety against potential damages and risks. 

Privacy and Discretion

Lenders provide an added layer of confidentiality with doorstep gold loans. The process usually takes place at the location of your choice, adding a layer of privacy. It ensures that your financial and personal data remains protected and secure.

Expertise and Transparency

A team of lender representatives visit your office or home when you opt for a doorstep gold loan. These professionals bring their experience and knowledge to your doorstep. They appraise your gold’s value with special equipment and tools, right in front of you. Herein, they assess the quality of your gold by checking the BIS hallmark, purity of gold (which should be between 18 and 24 karats), and so on. They also advise and offer effective tips by explaining the terms of the loan and answering your queries. This ensures a smooth overall borrowing experience.

Financial Inclusivity 

Doorstep gold loan services can help those living in remote areas access formal funding solutions. A doorstep gold loan allows providers to reach a broader audience, promoting financial inclusivity through this service.

Timely Access to Funds

You can get instant access to funds during emergencies with the help of doorstep gold loans. Also, the approval of the loan and its disbursement processes are usually quick. Be it for medical emergencies or new business opportunities, speedy access to funds through a doorstep gold loan can help.

Competitive Interest Rates

Lenders who offer doorstep gold loan services often offer low gold loan interest rates. Usually, this is because the borrowed amount is secured by the pledged gold, which reduces the associated risk for the lender. Be sure to compare and research offers from various lenders to find an offer that suits your budget and financial requirements.

Retention of Gold Ownership

You can retain the ownership of your gold assets over the loan tenure. This allows you to retrieve your ornaments and items once you repay the loan. This can be an additional advantage in case your gold holds sentimental value. Some lenders may also provide a part-release facility. You can retrieve a portion of your gold equivalent to the additional lumpsum paid before the tenure ends.

No Credit History Requirements

Usually, credit checks are not compulsory in the case of gold loans at home. This makes it an ideal choice if you have a weaker credit profile. However, having a healthy credit history and a high CIBIL score is advantageous. A positive repayment track record and a strong score can help you secure the loan on more favourable terms. It may also help you to negotiate and get lower gold loan interest rates.

You can get a doorstep gold loan by following the simple steps mentioned below:

• Click on ‘CHECK ELIGIBILITY’ option on this page or download the %$$BrandName$$ App on your Android or iOS device

• Opt for ‘New Gold Loan’

• Fill in your personal information, including your name, mobile number, and date of birth

• Enter the loan amount you are seeking and your pincode

• Select your gender (male, female, or others) and add your email address

• Hit the ‘SUBMIT’ button

After this, a loan representative will contact you to further process your loan application.

Here are the lending partners of Bajaj Markets’s offering gold loans at home:

• Muthoot FinCorp One

• Muthoot Finance

• Rupeek

• Indiagold

• Bajaj Finserv

• IIFL Finance

You can compare different gold loan offers to find the one that best suits your financial needs. Moreover, you can apply for it easily online to book an appointment for gold collection from your doorstep.