For those looking for quick and easy access to funds, a gold loan comes as a smart financing option. Whether your expenses are planned or unplanned, a gold loan can be used for anything since it has no usage limitations. In this type of loan, the gold jewellery as collateral, resulting in typically lower interest rates compared to unsecured loans. With Bajaj Finance, individuals can use their 18-22 karat gold jewellery to get loans ranging from Rs. 5,000 to Rs. 2 crore, with interest rates starting at 9.50%* per annum. Gold loans have an easy application process, with minimal documentation, quick processing, and convenient repayment schedules. Borrowers can easily apply for a Bajaj Finserv Gold Loan online by providing minimal information such as their name, 10-digit mobile number, and OTP. Here is a closer look at the features of gold loan that makes it a wise financing option. Quick disbursal One of the biggest benefits of a gold loan is the instant disbursal of the loan amount.