Overview of Gold Loan in Hodal
Hodal, a vibrant town in Haryana’s Palwal district, offers gold loans for quick cash needs by pledging gold jewellery. Gold loans in Hodal for 2025 provide financing with competitive rates starting at 7.50% p.a. Lenders like Muthoot Finance, SBI, and HDFC Bank offer loans up to ₹50 lakh based on gold valuation, with tenures up to 3 years. Loanpao helps Hodal residents compare offers, check eligibility, and apply online for same-day disbursal.
Eligibility Criteria for Gold Loan in Hodal
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Gold Purity | 18 to 24 karat gold jewellery |
| Ownership | Applicant must own the gold |
| Credit Score | Not mandatory; no credit check required |
| Residence | Valid Hodal address proof |
Documents Required for Gold Loan in Hodal
- Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Hodal address).
- Gold Ownership Proof: Purchase receipt (if available; not mandatory).
- Photograph: Two recent passport-size photographs.
Benefits of Gold Loan in Hodal
- Loan amounts up to ₹50 lakh based on gold valuation.
- Low interest rates starting at 7.50% p.a. in 2025.
- Flexible repayment tenures up to 3 years.
- No credit score requirement; quick approval.
- Same-day disbursal post-gold appraisal in Hodal.
Factors Affecting Gold Loan in Hodal
Interest Rate
Rates range from 7.50% to 12% p.a., based on lender and loan-to-value (LTV) ratio.
Loan Amount
Up to ₹50 lakh, depending on gold purity and market value (70–75% LTV).
Gold Purity
Higher purity (22–24 karat) yields better loan amounts in Hodal.
Market Gold Price
Fluctuations in gold prices affect loan value; higher prices increase loan amounts.
How to Apply for a Gold Loan in Hodal
Follow these steps to apply for a gold loan in Hodal through Loanpao:
- Visit loanpao.in and select "Gold Loan in Hodal."
- Fill out the online application form with details (name, Hodal address, gold details).
- Upload required documents (Aadhaar, address proof).
- Visit lender’s Hodal branch for gold appraisal.
- Get approval and funds disbursed on the same day in Hodal.
Loan Eligibility for Gold Loan in Hodal
Check your eligibility for a gold loan in Hodal with Loanpao’s tool:
- Confirm age (21–70 years).
- Verify gold purity (18–24 karat).
- Provide Hodal residence address.
- Submit gold weight and ownership details.
Loanpao will assess your eligibility and suggest the best gold loan offers in Hodal.
Check Eligibility NowTrack Your Gold Loan Application in Hodal
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 appraised, disbursed).
- Receive notifications for disbursal updates in Hodal.
- Contact Loanpao support for assistance with delays in Hodal.
Gold Loan Comparison in Hodal
Compare gold loan offers from top lenders in Hodal:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Muthoot Finance | 7.50% p.a. | Up to ₹50 lakh | Up to 3 years | 0.25% of loan amount |
| SBI | 8.00% p.a. | Up to ₹20 lakh | Up to 3 years | 0.5% of loan amount |
| HDFC Bank | 8.50% p.a. | Up to ₹25 lakh | Up to 2 years | 1% of loan amount |
Frequently Asked Questions
The gold must be 18 to 24 karat for a gold loan in Hodal.
Gold loans in Hodal are disbursed on the same day after gold appraisal.
The maximum loan amount is up to ₹50 lakh, depending on gold purity and market value.
No, a credit score is not required for gold loans in Hodal as they are secured by gold.
Missing a repayment may lead to late fees, and the lender may auction the pledged gold to recover the loan amount.