Overview of Gold Loan in Sohna
Gold loans in Sohna for 2025 offer quick financing by pledging gold jewelry or ornaments. With interest rates starting at 7.5% p.a., lenders like Muthoot Finance, Manappuram Finance, and HDFC Bank provide loans up to ₹1 crore, based on gold value. Loanpao enables Sohna residents to apply online, get instant approvals, and enjoy flexible repayment options with tenures up to 3 years.
Eligibility Criteria for Gold Loan in Sohna
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Gold Ownership | Gold jewelry/ornaments (18–24 carat) |
| Loan-to-Value (LTV) | Up to 75% of gold’s market value |
| Residence | Valid Sohna address proof |
| Credit Score | Not mandatory; minimal impact |
Documents Required for Gold Loan in Sohna
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Sohna address).
- Gold Details: Gold purity certificate (if available).
- Photograph: Recent passport-size photograph of the applicant.
Benefits of Gold Loan in Sohna
- Loan amounts up to ₹1 crore based on gold value.
- Low interest rates starting at 7.5% p.a. in 2025.
- Flexible repayment tenures up to 3 years.
- Instant approval and disbursal within 1–2 hours.
- No credit score requirement, ideal for urgent needs in Sohna.
Factors Affecting Gold Loan in Sohna
Gold Purity
Loans are offered on 18–24 carat gold; higher purity yields better LTV ratios.
Gold Market Value
Loan amount depends on current gold prices in Sohna (up to 75% LTV).
Interest Rate
Rates range from 7.5% to 12% p.a., based on lender and loan tenure.
Loan Tenure
Shorter tenures (3–36 months) are common, affecting EMI or bullet repayment.
How to Apply for a Gold Loan in Sohna
Follow these steps to apply for a gold loan in Sohna through Loanpao:
- Visit loanpao.in and select "Gold Loan in Sohna."
- Fill out the online application form with personal details (name, Sohna address).
- Upload required documents (Aadhaar, address proof).
- Visit a nearby lender branch in Sohna for gold valuation.
- Get instant approval and funds disbursed within 1–2 hours.
Loan Eligibility for Gold Loan in Sohna
Check your eligibility for a gold loan in Sohna with Loanpao’s tool:
- Enter your age (21–70 years).
- Specify gold details (weight, carat).
- Provide Sohna address proof.
- No credit score or income proof needed for most gold loans.
Loanpao will estimate your loan amount based on gold value and suggest the best offers in Sohna.
Check Eligibility NowTrack Your Gold Loan Application in Sohna
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 valued, disbursed).
- Receive notifications for disbursal updates in Sohna.
- Contact Loanpao support for assistance with delays in Sohna.
Gold Loan Comparison in Sohna
Compare gold loan offers from top lenders in Sohna:
| 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 |
| Manappuram Finance | 8.00% p.a. | Up to ₹75 lakh | Up to 2 years | 0.5% of loan amount |
| HDFC Bank | 8.50% p.a. | Up to ₹50 lakh | Up to 2 years | Up to 1% of loan amount |
Frequently Asked Questions
A minimum of 10 grams of 18–24 carat gold is typically required for a gold loan in Sohna.
Gold loans in Sohna are disbursed within 1–2 hours after gold valuation.
The maximum loan amount is up to ₹1 crore, based on the gold’s market value.
Yes, your gold is returned in the same condition after full repayment of the loan.
Yes, most lenders allow prepayment of gold loans without penalties in Sohna.