Overview of Gold Loan in Greater Faridabad
Gold loans in Greater Faridabad for 2025 offer quick access to funds by pledging gold ornaments or coins. Loanpao connects you with lenders like Muthoot Finance, SBI, and HDFC Bank, providing loans up to ₹1 crore at interest rates starting at 7.5% p.a. with flexible tenures up to 3 years.
Eligibility Criteria for Gold Loan in Greater Faridabad
| Criteria | Details |
|---|---|
| Age | 21–70 years |
| Gold Purity | 18–24 carat gold (ornaments or coins) |
| Residence | Resident of Greater Faridabad or nearby areas |
| Loan Purpose | Personal, business, or emergency needs |
| Credit Score | Not mandatory; minimal documentation |
Documents Required for Gold Loan in Greater Faridabad
- Identity Proof: Aadhaar, PAN Card, or Passport.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Greater Faridabad address).
- Gold Ownership: Gold purchase receipt (if available).
- Photograph: Recent passport-size photograph of the applicant.
Benefits of Gold Loan in Greater Faridabad
- Loan amounts up to ₹1 crore based on gold value.
- Low interest rates starting at 7.5% p.a. in 2025.
- Quick disbursal within 1–3 hours post-gold valuation.
- Flexible repayment options: monthly, quarterly, or bullet payment.
- No credit score or income proof required.
Factors Affecting Gold Loan in Greater Faridabad
Gold Valuation
Loan amount depends on gold purity (18–24 carat) and current market rates (e.g., ₹5,000–₹6,000 per gram in 2025).
Interest Rate
Rates range from 7.5% to 12% p.a., based on lender and loan tenure.
Loan-to-Value (LTV) Ratio
Up to 75% of gold value as per RBI guidelines.
Gold Quantity
More gold pledged increases the loan amount in Greater Faridabad.
How to Apply for a Gold Loan in Greater Faridabad
Follow these steps to apply for a gold loan in Greater Faridabad through Loanpao:
- Visit loanpao.in and select "Gold Loan in Greater Faridabad."
- Fill out the online application form with personal details (name, Greater Faridabad address).
- Upload required documents (Aadhaar, address proof).
- Visit a nearby lender branch in Greater Faridabad for gold valuation.
- Get funds disbursed within 1–3 hours after approval.
Loan Eligibility for Gold Loan in Greater Faridabad
Check your eligibility for a gold loan in Greater Faridabad with Loanpao’s tool:
- Enter personal details (age, Greater Faridabad residency).
- Specify gold details (weight, purity).
- Indicate loan purpose (personal, business, emergency).
Loanpao will assess your eligibility and suggest the best gold loan offers in Greater Faridabad.
Check Eligibility NowTrack Your Gold Loan Application in Greater Faridabad
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 Greater Faridabad.
- Contact Loanpao support for assistance with delays in Greater Faridabad.
Gold Loan Comparison in Greater Faridabad
Compare gold loan offers from top lenders in Greater Faridabad:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Muthoot Finance | 7.50% p.a. | Up to ₹1 crore | Up to 3 years | 0.25–1% of loan amount |
| SBI | 8.00% p.a. | Up to ₹50 lakh | Up to 3 years | 0.5% of loan amount |
| HDFC Bank | 8.50% p.a. | Up to ₹75 lakh | Up to 2 years | 1% of loan amount |
Frequently Asked Questions
Gold must be 18–24 carat for a gold loan in Greater Faridabad.
Gold loans in Greater Faridabad are disbursed within 1–3 hours after gold valuation.
No, a credit score is not mandatory for gold loans, as they are secured by gold.
If you fail to repay, the lender may auction your pledged gold to recover the loan amount.
Yes, most lenders allow prepayment with minimal or no penalties, depending on the terms.