Exploring the Various Types of Gold Loans for Quick Funds

When you need quick access to cash, gold loans offer a convenient and secure way to get funds by leveraging your gold ornaments. With rising popularity, various types of gold loans are now available in India to meet different financial needs. Let’s explore the key types of gold loans you can consider.

1. Term Loan

A term gold loan is the most common type. You pledge your gold and receive a lump sum amount, which you repay over a fixed tenure in EMIs. It’s ideal for planned expenses like education, medical bills, or weddings.

2. Overdraft Facility

This type of gold loan works like a credit line. Based on your gold’s value, a credit limit is sanctioned, and you can withdraw funds as needed. Interest is charged only on the utilized amount, making it perfect for business owners and self-employed professionals who need flexible funding.

3. Bullet Repayment Loan

In this option, you pay the interest and principal amount together at the end of the loan tenure. It is a great option if you expect to receive a lump sum in the future and want to avoid monthly EMIs.

4. EMI-Based Gold Loan

With EMI-based loans, you can repay in monthly installments, which include both principal and interest. This option ensures easy budgeting and structured repayment.

5. Agricultural Gold Loan

Specially designed for farmers, this loan comes with lower interest rates and flexible repayment options. It helps them finance agricultural activities like buying seeds, fertilizers, or equipment.

Why Choose Bajaj Markets for Gold Loans?

At Bajaj Markets, we offer hassle-free gold loans with minimal documentation, quick disbursal, and attractive interest rates. Whether you need funds for personal, professional, or agricultural needs, you can choose from a variety of gold loan types that suit your financial goals.

Explore our gold loan offerings today and make the most of your gold’s value!