Gold Loan in Kerala

A gold loan is a convenient way to meet urgent financial needs by pledging your gold jewellery as collateral. Since the loan is secured, the approval process is simple, with minimal documentation.

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Required Gold Weight

16 gms

Monthly EMI

₹ 8,367

Total Interest

₹ 401

Total Payment

₹ 100,401

Today’s Gold Rate @ ₹ 9102 / Gm for 22k purity

Select Type

Required Loan Amount

Interest Rate

- +

Tenure

- +

Check Eligibility

You can also make instant comparisons between gold loan offers from over 6 loan providers on Bajaj Markets

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Why Choose Bajaj Markets for Your Gold Loan in Kerala

Gold loans are available from various lenders, each offering different interest rates and loan-to-value (LTV) ratios. Instead of visiting multiple lenders, Bajaj Markets lets you compare options online in one place, helping you find the best deal effortlessly. With such comparison, you can look for lowest gold loan interest rates in Kerala.

Here’s why Bajaj Markets can be a smart choice for your gold loan in Kerala:

Quick Approval

A seamless online process ensures that your loan is reviewed and approved without unnecessary delays

Simple Documentation

You only need to submit a few basic documents, making the application process hassle-free

Transparent Process

Transparent terms ensure that you are aware of all costs upfront, with no hidden fees. And the loan process is carried out with complete transparency

Features and Benefits of Gold Loans

Gold loans offer an easy and accessible way to secure funds with minimal paperwork and simple eligibility requirements. With competitive gold loan interest rates and multiple repayment options, they provide a hassle-free financing solution.

Here’s what makes gold loans a convenient choice:

Partial Gold Release

You can repay a portion of your loan and get back some of your pledged gold before the loan term ends

High Loan-to-value Ratio

You can borrow up to 75% of your gold’s current market price, ensuring maximum value

Flexible Repayment Plans

You can choose a repayment schedule that suits you—monthly, bi-monthly, quarterly, half-yearly, or annually

Zero Prepayment Charges

You can opt for repaying your loan early without worrying about extra fees

No Credit Score Dependency

Gold loans are secured, so lenders primarily assess the gold's value rather than your credit score for approval

*Disclaimer: Terms and conditions apply to the benefits mentioned above, and these may vary from one lender to another.

Eligibility Criteria

To qualify for a gold loan, you must meet certain basic requirements. Here’s what lenders typically look for:

Citizenship

You must be an Indian citizen

Employment Type

Entrepreneurs, farmers, traders, salaried employees, and self-employed individuals are eligible

Age

You should be at least 18 years old

Gold Purity

The pledged gold must have a minimum purity of 18 karats

Documentation Required

If you meet the eligibility criteria, you’ll need to provide a list of documents for the gold loan verification process.

These include:

Identity Proof (Any one of the following):

Aadhaar card
Passport
Driving licence
Voter ID

Address Proof (Any one of the following):

Driving licence
Utility bills
Aadhaar card
Passport

How to Apply for a Gold Loan in Kerala

You can easily apply for a gold loan online with just a few simple steps.

Here’s how:

1. Visit the Bajaj Markets Gold Loan Page

2. Click on ‘CHECK ELIGIBILITY’ to begin

You can use the gold weight-to-loan calculator on the page to get an estimate of how much loan amount you can get. Enter the gold weight you plan to pledge, and the calculator for the gold loan will show an approximate loan amount.

3. Fill in your name, mobile number, date of birth, email address, and pincode in the form

4. Select the loan type and enter the required loan amount

5. Select your gender and agree to the terms and conditions

6. Click on ‘SUBMIT’ to complete the process

Once submitted, your application will be reviewed, and a representative will contact you to guide you through the next steps.

Gold Loan Interest Rates in Kerala

Our Partners	Minimum Interest Rate	Minimum Loan Amount	Loan Tenure
Bajaj Finserv	9.50% p.a.	₹5,000	Up to 12 Months Check Eligibility
IIFL Finance	11.88% p.a.	₹3,000	24 Months Check Eligibility
indiagold	9.24% p.a.	₹ 20,000	61 Days - 12 Months Check Eligibility
Muthoot Finance	9.96% p.a.	₹1,500	7 Days - 36 Months Check Eligibility
Muthoot FinCorp ONE	9.96% p.a	₹1,550	3 Months - 12 Months Check Eligibility
Rupeek	8.88% p.a.	₹25,000	3 Months - 12 Months Check Eligibility

*Disclaimer: The rates are subject to change at the lender’s discretion.

Frequently Asked Questions (FAQs)

What is a gold loan, and how does it work?

A gold loan is a secured loan where you pledge your gold jewellery (18-24 karats) as collateral. The loan amount is based on the gold’s purity, weight, and market value. Once approved, the funds are disbursed, and you repay the loan within the agreed tenure.

Who can apply for a gold loan in Kerala?

Any Indian citizen aged 18 or above who owns gold with a minimum purity of 18 karats can apply for a gold loan.

What documents do I need to apply for a gold loan?

You need to provide identity and address proof, such as an Aadhaar card, passport, voter ID, driving licence, or a utility bill.

How does the lender determine the loan amount?

The lender assesses the gold’s purity, weight, and the current market price. Based on these factors, a Loan-to-value (LTV) ratio is applied to determine the loan amount you are eligible for.

What are the interest rates for gold loans in Kerala?

Gold loan interest rates on Bajaj Markets start from 8.88% p.a. The final rate depends on the lender, loan amount, and tenure.

How long does it take to process and disburse a gold loan?

Gold loans are typically processed quickly. Once your gold is evaluated and documents are verified, the loan amount is disbursed within a few hours.

What repayment options are available for gold loans?

Lenders offer multiple repayment plans, including monthly EMIs, bullet payments, and part-payment options. The flexibility depends on the lender’s terms.

What happens if I fail to repay my gold loan on time?

Missing repayments may lead to penalties. If the loan remains unpaid for an extended period, the lender may auction the pledged gold to recover the outstanding amount.

Can I repay my gold loan early? Are there any charges?

Yes, most lenders allow prepayment or foreclosure. Some may charge a nominal fee, while others offer free foreclosure—terms vary by lender.

Will changes in gold prices affect my loan?

An increase in gold prices may enhance your borrowing limit, while a price drop can reduce the loan amount you qualify for.

How much loan can I get per gram of gold in Kerala?

The amount you can borrow for a gold loan per gram in Kerala depends on the current gold rate and the lender’s LTV (Loan-to-Value) ratio. You can check the latest 18,24, or 22-karat gold rates in Kerala on Bajaj Markets to get an estimate.

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Gold Loan in Kerala

Why Choose Bajaj Markets for Your Gold Loan in Kerala

Features and Benefits of Gold Loans

Eligibility Criteria

Documentation Required

How to Apply for a Gold Loan in Kerala

Gold Loan Interest Rates in Kerala

Frequently Asked Questions (FAQs)

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