Overview of Gold Loan in Mahendragarh
Gold loans in Mahendragarh provide quick and secure financing by pledging gold ornaments. In 2025, these loans start at 8% p.a., offering up to ₹50 lakh with tenures up to 3 years. Lenders like Muthoot Finance, SBI, and HDFC Bank cater to Mahendragarh’s demand for fast cash, especially in rural areas. With a population of ~921,680 and a 963.70 km² rural area, Mahendragarh residents can use Loanpao’s platform for instant approvals, gold valuation, and real-time tracking.
Eligibility Criteria for Gold Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Individuals (salaried, self-employed, or others) |
| Age | 18–70 years |
| Gold Ownership | Ownership of gold ornaments (18–24 carat) |
| Residence | Resident of Mahendragarh or nearby areas |
| Credit Score | Not mandatory; gold value determines loan amount |
| Income | No minimum income required |
Documents Required for Gold Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh address.
- Gold Ownership Proof: Purchase receipt (if available).
- Photograph: Recent passport-size photo (digital upload).
- Bank Details: Account details for fund disbursal with e-KYC verification.
Benefits of Gold Loan in Mahendragarh
- Competitive interest rates starting at 8% p.a. in 2025.
- Loan amounts up to ₹50 lakh based on gold value.
- Quick disbursal within 1–2 hours via Loanpao.
- No income proof or credit score required.
- Flexible repayment options, including bullet repayment.
Factors Affecting Gold Loan in Mahendragarh
Interest Rate
Rates range from 8% to 12% p.a., based on lender policies and loan amount.
Gold Purity
Loans are offered for 18–24 carat gold; higher purity yields better loan amounts.
Loan-to-Value (LTV) Ratio
Up to 75% of the gold’s market value, per RBI guidelines.
Gold Valuation
Loan amount depends on current gold market rates and weight.
How to Apply for a Gold Loan in Mahendragarh
Follow these steps to apply for a gold loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Gold Loan in Mahendragarh."
- Complete the online application with personal details (name, Mahendragarh address).
- Upload required documents (Aadhaar, PAN, photograph).
- Schedule gold valuation with lenders like Muthoot Finance or SBI in Mahendragarh.
- Receive approval and funds within 1–2 hours after valuation.
Loan Eligibility for Gold Loan in Mahendragarh
Check your eligibility for a gold loan in Mahendragarh with Loanpao’s tool:
- Enter personal details (age, Mahendragarh address).
- Provide gold details (weight, carat purity).
- Submit for instant valuation based on current gold rates.
Loanpao will evaluate your eligibility and recommend the best gold loan offers in Mahendragarh.
Check Eligibility NowTrack Your Gold Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your gold loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., valuation, approved, disbursed).
- Get notifications for fund disbursal in Mahendragarh.
- Contact Loanpao support for assistance with delays in Mahendragarh.
Gold Loan Comparison in Mahendragarh
Compare gold loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Muthoot Finance | 8% p.a. | Up to ₹50 lakh | Up to 3 years | 0.5% of loan amount |
| SBI | 8.25% p.a. | Up to ₹40 lakh | Up to 3 years | Up to 0.75% of loan amount |
| HDFC Bank | 8.5% p.a. | Up to ₹35 lakh | Up to 2 years | Up to 1% of loan amount |
Frequently Asked Questions
Gold ornaments of 18–24 carat purity are accepted; gold coins or bars may not be eligible with some lenders.
Gold loan approvals typically take 1–2 hours in Mahendragarh, post-valuation.
Loan amounts can go up to ₹50 lakh, based on gold weight and market value.
Yes, reputed lenders store gold in secure vaults with insurance coverage.
Yes, most lenders allow prepayment without charges, subject to their policies.
In case of default, the lender may auction the pledged gold to recover the loan amount, per RBI guidelines.