No Income Proof, No Minimum Credit Score —Bajaj Finance Extends Its Low Interest Gold Loan to Salaried Individuals, Self-Employed, Homemakers, and pensioners Across India.
27 March 2026, Pune, India – As demand for secured credit continues to rise across India, Bajaj Finance Limited has reaffirmed its commitment to accessible lending by maintaining one of the most straightforward gold loan eligibility criteria in the non-banking financial sector. Unlike most conventional loan products that require income proof, credit history, or employment documentation, the Bajaj Finserv Gold Loan is secured entirely against the value of pledged gold — making it one of the few institutional credit products in India that is genuinely available to all adult citizens aged 21 to 80, regardless of their income profile or credit score.
Who Can Apply for a Bajaj Finance Gold Loan?
The eligibility criteria for a Bajaj Finserv Gold Loan are designed to be simple and inclusive.
Eligibility Criteria at a Glance
1. Age
To meet the gold loan eligibility requirements, the applicant must be an Indian citizen between 21 to 80 years of age. This broad age range ensures that both young working professionals and senior citizens can leverage the value of their gold assets.
2. Income
One of the most significant advantages of the Bajaj Finance gold loan is that even if an applicant does not have a steady income source, they can still avail a gold loan by pledging sufficient physical gold jewellery, ornaments and coins. No income documents are required, making this product uniquely accessible for homemakers, self-employed individuals, pensioners, and those with irregular income streams.
3. Gold purity
The gold pledged must meet an accepted purity range of 18 to 22 karat for jewellery and ornaments, as purity directly impacts the loan amount the borrower may receive. Gold coins of up to 24 karat purity are also accepted as collateral when pledging for a gold loan.
4. Credit score
As a secured advance, a gold loan does not mandatorily require the borrower to hold a minimum credit score. Neither does the credit score affect the interest rate levied on the loan. This makes the Bajaj Finance gold loan one of the few financial products in India that remains genuinely accessible regardless of an individual’s credit history.
5. Accepted collateral
Only gold jewellery, ornaments, and coins are accepted as collateral.
6. Who is eligible
All salaried individuals, self-employed individuals, housewives, and pensioners can apply for a gold loan with Bajaj Finance, provided they meet the basic gold loan eligibility criteria.
Low Interest Gold Loan — Interest Rates and Charges
For borrowers seeking a low interest gold loan, Bajaj Finance offers one of the most competitive rate structures in the market. The gold loan rate of interest starts are lower than the unsecured loans and may vary based on the loan amount, the value of the pledged gold, loan tenure, and other factors such as market conditions, LTV norms, and the purity of the pledged jewellery.
Key rate-related features include:
- Repayment tenure ranges from 1 day to 12 months, with no prepayment or foreclosure charges*.
- Borrowers can select a monthly, bimonthly, quarterly, half-yearly, or annual payment schedule for the interest. The principal amount and any outstanding interest must be settled upon maturity of the loan.
- Loan amounts range from Rs. 5,000 to Rs. 2 crore, making the product suitable for a wide range of financial needs.
- As per RBI guidelines, lenders can sanction up to 85% of the gold’s assessed value as a loan.
How Gold Purity Affects the Loan Amount
Understanding the relationship between gold purity and loan eligibility is important for borrowers planning to apply. The loan amount depends on the purity, weight, and market value of the gold as per IBJA rates, ensuring fair valuation and transparency. Gems, stones, and other embellishments attached to the jewellery are not included in the valuation.
Additionally, the total weight pledged across all loans for a borrower cannot exceed 1 kilogram for ornaments, and the aggregate weight of gold coins pledged shall not exceed 50 grams per borrower.
*T&C Apply
About Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.
