Overview of Gold Loan in Panipat
Gold loans in Panipat offer quick financing by pledging gold ornaments or coins. In 2025, access loans up to ₹1 crore with interest rates starting at 8% p.a. Loanpao partners with lenders like Muthoot Finance, SBI, and HDFC to provide fast, secure gold loans, catering to Panipat’s residents and businesses seeking urgent funds.
Eligibility Criteria for Gold Loan in Panipat
| Criteria | Details |
|---|---|
| Applicant Type | Individual (salaried, self-employed, or non-working) |
| Age | 18–70 years |
| Gold Purity | 18–24 carat gold ornaments/coins |
| Loan Amount | ₹10,000 to ₹1 crore, based on gold value |
| Income | No minimum income required |
| Residency | Resident of Panipat or nearby areas |
Documents Required for Gold Loan in Panipat
- Identity Proof: Aadhaar, PAN Card, or Passport.
- Address Proof: Aadhaar, Utility Bill, or Rent Agreement.
- Gold Ownership Proof: Purchase receipt (if available).
- Photographs: 2 passport-sized photos.
- Bank Details: Account details for disbursal (optional).
Benefits of Gold Loan in Panipat
- Competitive rates starting at 8% p.a. in 2025.
- Loans up to ₹1 crore based on gold valuation.
- Flexible tenures from 3 months to 3 years.
- Minimal documentation and no income proof required.
- Quick disbursal within 1–2 hours.
Factors Affecting Gold Loan in Panipat
Gold Purity
Higher purity (22–24 carat) yields better loan amounts.
Gold Weight
Loan amount depends on net gold weight (excluding stones).
Market Gold Rate
Loan value tied to daily gold prices.
Lender Policies
Loan-to-value (LTV) ratio up to 75% as per RBI guidelines.
How to Apply for a Gold Loan in Panipat
Follow these steps to apply for a gold loan in Panipat through Loanpao:
- Visit Loanpao.com and select "Gold Loan in Panipat."
- Enter applicant and gold details.
- Upload identity and address proof documents.
- Choose a lender (e.g., Muthoot Finance, SBI, HDFC) and schedule gold valuation.
- Receive funds within 1–2 hours after approval.
Loan Eligibility for Gold Loan in Panipat
Check your eligibility for a gold loan in Panipat with Loanpao’s tool:
- Enter gold weight, purity, and applicant details.
- Specify loan amount preferences.
- Receive instant eligibility and loan offer estimates.
- Compare deals from top lenders in Panipat.
Loanpao ensures quick and hassle-free gold loans.
Check Eligibility NowTrack Your Gold Loan Application in Panipat
Loanpao provides a seamless tracker for your gold loan application:
- Enter your application ID on the Loanpao Tracker page.
- View real-time status (e.g., under review, approved, disbursed).
- Receive notifications for fund disbursal in Panipat.
- Contact Loanpao support for assistance with delays.
Gold Loan Comparison in Panipat
Compare gold loan offers from top lenders in Panipat:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Muthoot Finance | 8% p.a. | ₹10,000–₹1 crore | 3 months–3 years | 0.25% of loan amount |
| SBI | 8.5% p.a. | ₹20,000–₹50 lakh | 6 months–3 years | 0.5% of loan amount |
| HDFC | 8.75% p.a. | ₹25,000–₹75 lakh | 3 months–2 years | 1% of loan amount |
Frequently Asked Questions
A gold loan provides financing by pledging gold ornaments or coins as collateral.
Yes, gold is stored in secure vaults with insurance coverage by reputed lenders.
Approval and disbursal typically take 1–2 hours after gold valuation.
Yes, most lenders allow prepayment with minimal or no charges.
Defaulting may lead to auction of pledged gold to recover the loan amount, per RBI guidelines.
Yes, gold loans do not require income proof, only gold valuation.