Overview of Gold Loan in Bawal, Rewari
Bawal, Rewari, a growing financial hub in Haryana, offers gold loans for quick cash against gold ornaments. Gold loans in Bawal, Rewari for 2025 provide financing with interest rates starting at 7.50% p.a. Lenders like Muthoot Finance, SBI, and HDFC Bank offer loans up to ₹50 lakh with tenures up to 3 years. Loanpao helps Bawal residents compare offers, check eligibility, and apply online for fast disbursals within hours.
Eligibility Criteria for Gold Loan in Bawal, Rewari
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Gold Quality | 18 to 24 karat gold ornaments |
| Loan-to-Value (LTV) | Up to 75% of gold’s market value |
| Residence | Valid Bawal, Rewari address proof |
| Credit Score | Not mandatory; minimal checks |
Documents Required for Gold Loan in Bawal, Rewari
- Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bawal, Rewari address).
- Gold Ownership: Purchase receipt (optional, not mandatory).
- Photograph: Recent passport-size photograph.
Benefits of Gold Loan in Bawal, Rewari
- Loan amounts up to ₹50 lakh based on gold value.
- Low interest rates starting at 7.50% p.a. in 2025.
- Short repayment tenures up to 3 years for quick closure.
- Instant disbursal within 1–2 hours post-approval.
- Minimal documentation and no credit score requirement in Bawal, Rewari.
Factors Affecting Gold Loan in Bawal, Rewari
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 karat) and market rates.
Loan-to-Value (LTV) Ratio
Up to 75% of gold’s value, as per RBI guidelines in Bawal, Rewari.
Repayment Tenure
Shorter tenures (3 months to 3 years) affect EMI and total interest.
How to Apply for a Gold Loan in Bawal, Rewari
Follow these steps to apply for a gold loan in Bawal, Rewari through Loanpao:
- Visit loanpao.in and select "Gold Loan in Bawal, Rewari."
- Fill out the online application form with details (name, Bawal, Rewari address, gold details).
- Upload required documents (Aadhaar, address proof).
- Compare offers from top Bawal, Rewari lenders like Muthoot, SBI, and HDFC.
- Visit the lender’s branch for gold valuation and get funds disbursed within 1–2 hours.
Loan Eligibility for Gold Loan in Bawal, Rewari
Check your eligibility for a gold loan in Bawal, Rewari with Loanpao’s tool:
- Enter your age (21–70 years).
- Provide details of gold ornaments (18–24 karat).
- Include your Bawal, Rewari residence details for localized offers.
- Specify loan amount needed (up to 75% of gold value).
Loanpao will assess your eligibility and suggest the best gold loan offers in Bawal, Rewari.
Check Eligibility NowTrack Your Gold Loan Application in Bawal, Rewari
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 Bawal, Rewari.
- Contact Loanpao support for assistance with delays in Bawal, Rewari.
Gold Loan Comparison in Bawal, Rewari
Compare gold loan offers from top lenders in Bawal, Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Muthoot Finance | 7.50% p.a. | Up to ₹50 lakh | Up to 3 years | 0.25–1% of loan amount |
| SBI | 8.00% p.a. | Up to ₹20 lakh | Up to 2 years | 0.5% of loan amount |
| HDFC Bank | 8.50% p.a. | Up to ₹25 lakh | Up to 2 years | 0.75% of loan amount |
Frequently Asked Questions
Gold ornaments must be 18 to 24 karat for a gold loan in Bawal, Rewari.
Gold loans in Bawal, Rewari are disbursed within 1–2 hours after gold valuation and approval.
The maximum loan amount is up to ₹50 lakh, depending on the gold’s market value and LTV ratio.
No, a credit score is not mandatory for gold loans in Bawal, Rewari, as they are secured by gold.
Missing an EMI may incur late fees, and prolonged default may lead to auctioning of the pledged gold.
Yes, some lenders accept gold coins (18–24 karat) for gold loans, subject to their policies in Bawal, Rewari.