As of August 26, 2025, Bajaj Finserv is offering a gold loan of up to ₹2 crore during the Prime Loan Festival, which runs from August 1 to August 31, 2025. Gold has long been a valuable asset in Indian households, not only as jewelry but also as a sign of wealth and security. When faced with an emergency or needing extra funds, pledging gold jewelry can provide quick access to money.
The gold price in Punjab plays a crucial role in determining the loan amount, as the value of the gold jewelry decides the loan value. If gold prices increase, the loan value also increases, and vice versa. To make the process easier, a gold loan calculator can be used to estimate the loan amount based on the weight and purity of the gold.
The documents required for a gold loan are minimal, including an Aadhaar card, Voter ID, Passport, Driving license, NREGA job card, or a letter from the National Population Registration. There is no need for income proof or a credit score check, as the loan is secured against the gold jewelry. However, for loans above ₹5 lakh, a PAN card may be required.
The eligibility criteria for a gold loan with Bajaj Finance are simple: the applicant must be an Indian citizen between 21 and 70 years old and have gold jewelry of 18-22 karat purity or higher. With Bajaj Finserv, gold loans can range from ₹5,000 to ₹2 crore, with instant approval, competitive interest rates, and multiple repayment options. The gold is stored securely in vaults with 24×7 surveillance.
The Prime Loan Festival is an ideal time to apply for a gold loan, as it offers special benefits and discounts. A gold loan is considered a smart choice because it is a safe and reliable way to borrow money, with no need for a long approval process or high credit score. The entire process is hassle-free, and funds can be disbursed in just one branch visit. By checking the current gold price in Punjab and having the required documents ready, applicants can make the most of their gold and apply for a Bajaj Finserv Gold Loan during the Prime Loan Festival.