Overview of Gold Loan in Palwal
Residents of Palwal can access gold loans in 2025 to meet urgent financial needs by pledging gold jewellery. These loans offer amounts up to ₹50 lakh with interest rates starting at 7.5% p.a. Loanpao helps Palwal customers compare lenders, verify gold purity, and apply online for disbursal within 24–48 hours.
Eligibility Criteria for Gold Loan in Palwal
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Gold Purity | 18 to 24 karat gold jewellery |
| Residence | Valid Palwal address proof |
| Ownership | Gold must be owned by the applicant |
Documents Required for Gold Loan in Palwal
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Palwal address).
- Photograph: Recent passport-size photograph of the applicant.
- Gold Details: No formal documentation required, but gold jewellery will be appraised by the lender.
Benefits of Gold Loan in Palwal
- Loan amounts up to ₹50 lakh based on gold value.
- Low interest rates starting at 7.5% p.a. in 2025.
- Flexible repayment tenures from 3 months to 3 years.
- Rapid disbursal within 24–48 hours after gold appraisal.
- No credit score or income proof required.
Factors Affecting Gold Loan in Palwal
Gold Purity
Higher purity (22–24 karat) yields higher loan amounts; minimum 18 karat accepted.
Gold Weight
Loan amount depends on the net weight of gold (excluding stones or embellishments).
Market Gold Price
Loan value is tied to current gold rates in Palwal; typically 70–80% of appraised value.
Lender Policies
Loan-to-value ratio and interest rates vary by lender in Palwal.
How to Apply for a Gold Loan in Palwal
Follow these steps to apply for a gold loan in Palwal through Loanpao:
- Visit loanpao.in and select "Gold Loan in Palwal."
- Fill out the online application form with details (name, Palwal address).
- Upload required documents (Aadhaar, address proof).
- Visit the lender’s Palwal branch for gold appraisal.
- Get approval and funds disbursed within 24–48 hours in Palwal.
Loan Eligibility for Gold Loan in Palwal
Check your eligibility for a gold loan in Palwal with Loanpao’s tool:
- Confirm ownership of 18–24 karat gold jewellery.
- Provide a valid Palwal address.
- Ensure you are between 21 and 70 years old.
- Estimate loan amount based on gold weight and market rates.
Loanpao will match you with the best gold loan offers in Palwal.
Check Eligibility NowTrack Your Gold Loan Application in Palwal
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., appraisal, approved, disbursed).
- Receive notifications for disbursal updates in Palwal.
- Contact Loanpao support for assistance with delays in Palwal.
Gold Loan Comparison in Palwal
Compare gold loan offers from top lenders in Palwal:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Lender A | 7.50% p.a. | Up to ₹20 lakh | 3–24 months | 0.5% of loan amount |
| Lender B | 8.00% p.a. | Up to ₹50 lakh | 3–36 months | 1% of loan amount |
| Lender C | 8.50% p.a. | Up to ₹30 lakh | 6–30 months | 0.75% of loan amount |
Frequently Asked Questions
The minimum gold purity required is 18 karat for a gold loan in Palwal.
Gold loans in Palwal are disbursed within 24–48 hours after gold appraisal.
The maximum loan amount is up to ₹50 lakh, depending on the gold’s weight and market value.
No, a credit score is not required for a gold loan as it is secured by gold jewellery.
If you default, the lender may auction your gold jewellery to recover the loan amount after notifying you.