Overview of Gold Loan in Ballabgarh

Gold loans in Ballabgarh, a thriving city in Haryana’s Faridabad district, provide quick access to cash by pledging gold ornaments or coins. In 2025, these loans are ideal for personal or business needs, with interest rates starting at 7.50% p.a. Lenders like Muthoot Finance, SBI, and ICICI Bank offer loans up to ₹50 lakh, with tenures ranging from 3 months to 3 years. Loanpao simplifies the process for Ballabgarh residents by offering eligibility checks, lender comparisons, and online applications.

Eligibility Criteria for Gold Loan in Ballabgarh

Criteria Details
Age 21 to 70 years
Gold Purity 18 to 24 carat gold (ornaments or coins)
Residence Permanent resident of Ballabgarh or nearby areas
Credit Score Not mandatory; gold acts as collateral
Ownership Applicant must own the pledged gold

Documents Required for Gold Loan in Ballabgarh

  • Identity Proof: Aadhaar, PAN Card, or Passport.
  • Address Proof: Utility bill, Aadhaar, or rental agreement (Ballabgarh address).
  • Photograph: Recent passport-size photograph of the applicant.
  • Gold Ownership Proof: Purchase receipt (if available).
  • Bank Details: Account details for loan disbursal.

Benefits of Gold Loan in Ballabgarh

  • Loan amounts up to ₹50 lakh based on gold value.
  • Low interest rates starting at 7.50% p.a. in 2025.
  • Flexible repayment tenures from 3 months to 3 years.
  • Minimal documentation and no credit score requirement.
  • Instant disbursal within hours in Ballabgarh.

Factors Affecting Gold Loan in Ballabgarh

Interest Rate

Rates range from 7.50% to 12% p.a., based on lender policies and loan tenure.

Gold Valuation

Loan amount depends on gold purity (18–24 carat) and current market rates.

Loan-to-Value Ratio

Up to 75% of the gold’s value as per RBI guidelines.

Repayment Capacity

While not mandatory, stable income may improve terms.

How to Apply for a Gold Loan in Ballabgarh

Follow these steps to apply for a gold loan in Ballabgarh through Loanpao:

  1. Visit loanpao.in and select "Gold Loan in Ballabgarh."
  2. Fill out the online application form with details (name, Ballabgarh address, gold details).
  3. Upload required documents (Aadhaar, address proof).
  4. Compare offers from top Ballabgarh lenders like Muthoot Finance, SBI, and ICICI Bank.
  5. Visit the lender’s branch for gold valuation and get funds disbursed within hours.

Loan Eligibility for Gold Loan in Ballabgarh

Check your eligibility for a gold loan in Ballabgarh with Loanpao’s tool:

  • Enter your age (21–70 years).
  • Specify gold details (weight, purity: 18–24 carat).
  • Provide your Ballabgarh residential address for localized offers.
  • Confirm ownership of the gold to be pledged.

Loanpao will assess your eligibility and suggest the best gold loan offers in Ballabgarh.

Check Eligibility Now

Track Your Gold Loan Application in Ballabgarh

Loanpao provides a seamless tracker for your gold loan application:

  • Submit your application ID on the Loanpao Tracker page.
  • Get real-time updates on status (e.g., under review, gold valuation, disbursed).
  • Receive notifications for disbursal updates in Ballabgarh.
  • Contact Loanpao support for assistance with delays in Ballabgarh.
Track Application Now

Gold Loan Comparison in Ballabgarh

Compare gold loan offers from top lenders in Ballabgarh:

Lender Interest Rate Loan Amount Tenure Processing Fee
Muthoot Finance 7.50% p.a. Up to ₹50 lakh 3 months to 3 years Up to 0.5% of loan amount
SBI 8.00% p.a. Up to ₹20 lakh 3 months to 2 years Up to 0.75% of loan amount
ICICI Bank 8.50% p.a. Up to ₹25 lakh 3 months to 2 years Up to 1% of loan amount

Frequently Asked Questions

The gold must be 18 to 24 carat for a gold loan in Ballabgarh.

Gold loans in Ballabgarh are disbursed within hours after gold valuation and approval.

The maximum loan amount is up to ₹50 lakh, depending on the gold’s value.

No, a credit score is not required as the gold acts as collateral.

If you fail to repay, the lender may auction the pledged gold to recover the loan amount.