Gold loans in Sonipat offer quick financing against gold ornaments, ideal for urgent personal or business needs, with minimal documentation and fast disbursal.
Eligibility Criteria
Criteria
Details
Applicant Type
Individuals (salaried, self-employed, or non-working)
Age
18–70 years
Gold Purity
18–22 carat
Loan-to-Value (LTV)
Up to 75% of gold value (per RBI)
Credit Score
Not mandatory
Collateral
Gold ornaments/jewelry
Documents Required
Identity Proof: Aadhaar, PAN Card
Address Proof: Utility bill, Aadhaar
Gold Ownership: Declaration or purchase receipt (if available)
Passport-size Photographs: 2
Benefits of Gold Loan in Sonipat
Loans up to ₹50 lakh based on gold value
Low interest rates starting at 7% p.a.
Flexible tenures up to 3 years
Instant disbursal within hours
No credit score requirement
Compare Gold Loan Lenders in Sonipat
Lender
Interest Rate
Loan Amount
Tenure
Processing Fee
Muthoot Finance
7% p.a.
Up to ₹50 lakh
3 years
0.25%
Manappuram Finance
7.5% p.a.
Up to ₹40 lakh
2 years
0.5%
SBI
8% p.a.
Up to ₹30 lakh
2 years
0.75%
Frequently Asked Questions
What types of gold can be pledged for a gold loan in Sonipat?
Gold ornaments or jewelry of 18–22 carat purity; coins or bars may not be accepted by all lenders.
How is the loan amount determined?
Based on the weight and purity of gold, up to 75% of its market value (per RBI guidelines).
How quickly can I get a gold loan?
Within hours, often same-day disbursal after gold valuation.
Is my gold safe with the lender?
Yes, stored in secure vaults with insurance; verify lender’s reputation.
Can I prepay my gold loan?
Yes, usually with no or minimal prepayment charges.
What happens if I default on a gold loan?
The lender may auction the gold to recover the loan amount after due notice.
Promotional Offers for 2025
Interest rates starting at 7% p.a. for gold loans in Sonipat
Waived processing fees for applications before 31st May 2025