If you are planning to take a gold loan anytime soon, this might be the best opportunity to grab on to. Bajaj Finserv has launched its Prime Loan Festival that runs from August 1st to 31st this year, where people can access gold loans at flexible tenures and affordable interest rates.
As we get closer to festivals such as Onam and Diwali, which are usually the peak season for gold purchase due to the cultural and spiritual value they hold, prices are likely to go up than ever. And you know the gold loan rates are dependent on the market price of gold.
So, would you prefer to wait until the festive rush hits or join the current festival by Bajaj that will close soon? Let’s help you figure out.
What Is the Bajaj Prime Loan Festival 2025?
The Bajaj Prime Loan Festival is in fact a one month limited period offer that aims to provide easy access to different types of loans. It also provides various exclusive rewards and benefits.
In short, it can be considered as a festive sale for loans. Here’s what you can get on different loans:
- Gold Loan: As per the Prime Loan Festival, you can get a loan against your gold for up to ₹2 Crore, along with flexible repayment options.
- Business Loan: Business owners can apply for loans at this festival and get special deals such as rewards and cashback on loan disbursals. This can be useful for business expansion or other financial needs.
- Personal Loan: As per official sources, customers may get Amazon voucher worth ₹200 and a free Bajaj Prime Membership.
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Prime Loan Festival Benefits You Shouldn’t Miss
Now, let’s unlock the various benefits offered by Bajaj Prime Loan Festival this month:
- Affordable interest rates: Bajaj offers gold loans this festive season at lower interest rates, which is less compared to regular gold loans or unsecured personal loans.
- High LTV ratio: You can access a loan of up to ₹2 crore by pledging your gold. As per RBI, the loan amount must be 75% of your gold’s current market value, also known as the Loan to Value ratio or LTV.
- Minimal documentation: The application process is simple and comes with only KYC verification.
- Festive Perks: Flexible repayment tenure, zero hidden charges, and so on are some of the extra benefits you can get in this limited-time festive offer.
- Quick Processing: Once the loan application against your gold is approved, the amount is disbursed to your bank account in a short time.
The key aspect of this festive offer is not just quick access to quick funds but also getting the best value from your gold.
How To Apply For Gold Loan At Bajaj Prime Loan Festival?
The application process for gold loan offer at Bajaj festival is easy and comes with the following steps:
- Visit the official website of Bajaj Finserv website or download their app.
- Fill the application form with your basic personal details and the required loan amount.
- A representative will contact you to schedule a visit to the nearest branch for gold valuation.
- An expert will check the purity and weight of your gold to determine the maximum loan amount you can get.
- Submit your KYC documents and sign the loan agreement.
- Once the process is complete, the loan amount is quickly disbursed to your bank account.
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Should You Grab The Offer Now Or Wait For Later?
Gold prices are changing every day and based on these market trends and fluctuations, the value of your gold loan increases. That is, when you pledge your gold at a time when the prices are high, you may attract gold loans at bigger amount and better interest rates.
Compared to the usual festive season gold loan offers, the Bajaj Prime Loan Festival is mostly designed for immediate benefits via its limited period offer.
Here’s what makes it different:
- Unlike the regular festive offers, this festival has a strict closing date of August 31st, 2025, making it more limited and high-value.
- Interest rates during this festive campaign are lower than standard festive-season gold loans.
- You can get more funds per gram of gold compared to usual offers as gold prices are increasing in regards to upcoming festivals.
- Since it is limited period, loan approvals are quicker, which is not always guaranteed in traditional loan seasons.
- Repayment options are more borrower-friendly, with fewer hidden charges.
The choice of going for the Bajaj Loan Festival offer or waiting out till later may vary from person to person. It is always a wise choice to compare the loan offers and lenders regardless of the attractive perks.
At loan aggregator platform Buddy Loan, you can compare various verified banks and NBFCs to select the one that is best for your financial needs. This also lets you explore all the available options in addition to Bajaj festive offer and come to the right decision.
Conclusion
The Bajaj Prime Loan Festival serves a unique opportunity to access gold loans at attractive interest rates almost immediately.
With various other benefits offered along with this festive gold loan, you can apply at minimal documentation and gain faster access to funds compared to the traditional gold loan. So, if you are planning to take a gold loan, this might be a good time to make use of the opportunity. However, time is running out and the Prime Loan Festival ends on August 31st.
So, have you made your mind?
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