Overview of Gold Loan in Bhiwadi
Bhiwadi, a thriving industrial hub in Rajasthan’s Alwar district within the NCR, offers gold loans for quick financial needs. These loans use gold ornaments or coins as collateral, providing funds for personal or business purposes. Loan amounts range from ₹10,000 to ₹1 crore, with interest rates starting at 7.5% p.a. Lenders like Muthoot Finance, Manappuram Finance, and HDFC Bank serve Bhiwadi residents, with disbursal often within hours. Loanpao streamlines the process with online applications and secure gold valuation.
Eligibility Criteria for Gold Loan in Bhiwadi
| Criteria | Details |
|---|---|
| Age | 21 to 70 years |
| Gold Quality | 18 to 22 carat gold (ornaments or coins) |
| Residency | Permanent resident of Bhiwadi with valid address proof |
| Income | No minimum income required |
| Credit Score | Not mandatory; gold acts as security |
Documents Required for Gold Loan in Bhiwadi
- Identity Proof: Aadhaar, PAN Card, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bhiwadi address).
- Gold Ownership Proof: Purchase receipt (if available).
- Photograph: Two recent passport-size photographs.
Benefits of Gold Loan in Bhiwadi
- Loan amounts from ₹10,000 to ₹1 crore based on gold value.
- Low interest rates starting at 7.5% p.a. .
- Flexible repayment tenures from 3 months to 3 years.
- Instant disbursal, often within 1–3 hours in Bhiwadi.
- No credit score or income proof required.
Factors Affecting Gold Loan in Bhiwadi
Gold Purity
Higher carat gold (18–22 carat) secures larger loan amounts.
Loan-to-Value Ratio
Up to 75% of the gold’s market value as per RBI guidelines.
Market Gold Price
Fluctuations in gold prices affect loan amounts in Bhiwadi.
Lender Policies
NBFCs like Muthoot Finance may offer higher LTV than banks in Bhiwadi.
How to Apply for a Gold Loan in Bhiwadi
Follow these steps to apply for a gold loan in Bhiwadi through Loanpao:
- Visit loanpao.in and select "Gold Loan in Bhiwadi."
- Fill out the online application form with personal details (name, Bhiwadi address).
- Upload documents (Aadhaar, address proof).
- Schedule gold valuation with lenders like Muthoot Finance or Manappuram Finance in Bhiwadi.
- Get approval and funds disbursed within 1–3 hours.
Loan Eligibility for Gold Loan in Bhiwadi
Check your eligibility for a gold loan in Bhiwadi with Loanpao’s tool:
- Enter personal details (age, Bhiwadi address).
- Specify gold details (weight, carat).
- Provide address proof for localized offers in Bhiwadi.
Loanpao will evaluate your eligibility and recommend the best gold loan offers in Bhiwadi.
Check Eligibility NowTrack Your Gold Loan Application in Bhiwadi
Loanpao offers a seamless tracker for your gold loan application:
- Submit your application ID on the Loanpao Tracker page.
- Monitor real-time status updates (e.g., valuation, approved, disbursed).
- Receive notifications for disbursal updates in Bhiwadi.
- Contact Loanpao support for assistance with delays in Bhiwadi.
Gold Loan Comparison in Bhiwadi
Compare gold loan offers from top lenders in Bhiwadi:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Muthoot Finance | 7.5% p.a. | ₹10,000–₹1 crore | 3 months–3 years | 0.25–1% of loan amount |
| Manappuram Finance | 7.8% p.a. | ₹10,000–₹50 lakh | 3 months–2 years | 0.5% of loan amount |
| HDFC Bank | 8.0% p.a. | ₹25,000–₹75 lakh | 6 months–3 years | 0.5–1% of loan amount |
Frequently Asked Questions
Yes, lenders like Muthoot Finance and Manappuram Finance store gold in secure vaults in Bhiwadi.
Gold loans in Bhiwadi are typically disbursed within 1–3 hours after valuation.
The lender may auction your gold to recover the loan amount after notifying you.
Yes, gold loans in Bhiwadi do not require a credit score as the gold acts as security.
The maximum LTV ratio is 75% of the gold’s market value, per RBI guidelines.