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BAJAJ FINSERV DIRECT LIMITED

Gold Loan in Panipat

Learn about Gold Loans in Panipat, including their interest rates, eligibility, features, and application process for informed borrowing decisions.

Required Gold Weight

9 gms

Monthly EMI

₹ 8,367

Total Interest

₹ 401

Total Payment

₹ 1,00,401

Today’s Gold Rate @ ₹ 15740 / Gm for 22k purity

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Required Loan Amount

Interest Rate

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Tenure

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You can also make instant comparisons between gold loan offers from over 6 loan providers on Bajaj Markets

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Importance of Gold Loans in Panipat's Economy

Gold loans hold significant importance in Panipat's economy, which is known for its vibrant textile industry and numerous small businesses. The city’s economy benefits from quick and accessible credit options like gold loans for funding working capital, personal emergencies, and business expansions.

Gold has been a trusted asset among Indian households, including those in Panipat, providing liquidity without the need to sell valuables. The availability of gold loans supports the local community by unlocking the value of gold ornaments as collateral for instant cash, thereby facilitating economic activity and financial stability in the region.

How to Apply for a Gold Loan in Panipat

Applying for a gold loan in Panipat is straightforward. Borrowers can visit branches of reputed lenders or use online platforms like Bajaj Markets for a hassle-free application process. The steps generally include submitting the gold as collateral, providing valid identity and address proofs, and filling out the loan application form. Instant loan approval and disbursal are common features, especially when minimal documentation is submitted. Some lenders offer doorstep services and part-release facilities, adding to convenience.

Gold Loan Interest Rates in Panipat Today

Gold loan interest rates in Panipat vary across lenders, influenced by factors such as loan amount, tenure, and repayment options. Here’s a comparison of indicative gold loan interest rates offered by popular lenders in Panipat:

Lender	Starting Interest Rate (p.a.)	Typical Rate Range (p.a.)	Remarks
Bajaj Markets	9.48%	9.48% – 12%	Offers competitive rates with flexible repayment plans
IIFL Finance	11.88%	11.88% – 12%	Provides doorstep services and instant disbursal
Other Major Lenders	Around 9.5%	9.5% – 12%	Rates depend on gold purity, tenure, and loan amount

Disclaimer: The interest rates mentioned above are indicative and may vary based on lender policies and market conditions.

Gold Loan Eligibility and Documents in Panipat

To apply for a gold loan in Panipat, applicants must meet basic Gold loan eligibility criteria and furnish key documents. Below is a detailed table of typical requirements from lenders:

Eligibility Criterion	Details
Age	Generally between 18 to 70 years at the time of the loan.
Employment status	Applicable to salaried, self-employed, homemakers, traders — employment type is not a barrier.
Identity proof	One of Aadhaar Card, PAN Card, Passport, Voter ID, or Driving Licence.
Address proof	Bank statement, electricity bill, passport copy, or similar document.
Income proof / salary slips	Generally not required, since the loan is secured by gold collateral.

Disclaimer: The above criteria are indicative and may vary across lenders and individual circumstances.

Features and Benefits of Gold Loans in Panipat

Gold loans in Panipat come with several key benefits:

Quick approval and disbursal due to gold as collateral.
Minimal documentation requirements enhance ease of access.
Competitive interest rates lower than unsecured loans.
Flexible repayment plans including EMI and bullet payments.
High loan-to-value ratio, usually up to 75% of gold value.
Gold safety through secure vault storage and insurance coverage.
Eligibility independent of credit score, making loans accessible even to those without formal credit histories.

All these features make gold loans an attractive borrowing option for various financial needs.

Loan Amount for Gold Loans in Panipat

The loan amount for gold loans in Panipat depends chiefly on the weight, purity, and current market value of the pledged gold. Borrowers can avail up to 75% of the gold's market value as per RBI guidelines. There is typically no upper limit on the loan amount, but it scales with the collateral's worth. The minimum gold loan amount varies by lender but can be as low as ₹1,500 to ₹5,000, making the loans accessible for both small and large financial requirements. Previously, the standard cap for LTV was 75%.

With the new RBI rules, a tiered structure applies: for loans up to ₹2.5 Lakhs the LTV limit is now 85%; for loans above ₹2.5 Lakhs and up to ₹5 Lakhs the LTV is capped at 80%; for loans above ₹5 Lakhs it remains at 75%.

Therefore, while there is typically no strict upper limit on the loan amount, it scales with the collateral’s worth, these revised LTV slabs must be applied. Minimum gold-loan amounts vary by lender but can start as low as ₹1,500 to ₹5,000, making the loans accessible for both small and larger financial requirements.

How to Calculate the Gold Loan Amount for Your Gold in Panipat

To calculate the loan amount you can obtain under the scheme for Gold Loan in Panipat, you multiply the weight of your gold in grams by the current market price per gram for 22-karat gold, and then apply the loan-to-value (LTV) ratio (usually up to 75 %).

For example, at today’s approximate gold rate of ₹ 5,000 per gram, 10 grams of 22-karat gold would have a value of ₹ 50,000, making the eligible loan amount up to ₹ 37,500 (that is, ₹ 50,000 × 0.75).

Here is the formula applied:

Loan amount = Weight (in grams) × Market price per gram (22-karat) × LTV ratio

Repayment Options for Gold Loans in Panipat

Borrowers in Panipat can choose from flexible repayment options. These typically include:

EMI (Equated Monthly Installments),
Bullet payment (full repayment at loan end),
Part-payment or prepayment without penalties in many cases.

These options accommodate varying borrower financial situations, allowing payment over periods from a few months to up to 36 months, depending on the lender and scheme. Flexible EMIs are particularly useful for those without steady monthly incomes.

Safety and Security of Gold Collateral in Panipat

The safety of pledged gold in Panipat is taken seriously by lenders with robust security protocols. Gold is stored in high-security vaults with triple-layered security and is insured against theft or damage. Lenders like IIFL Gold and Bajaj Markets provide insurance for pledged gold, giving borrowers peace of mind. Strict audit and security measures ensure the gold remains safe until full repayment of the loan, after which it is returned to the borrower.

Why Choose Bajaj Markets to Avail a Gold Loan in Panipat

Bajaj Markets stands out as a trusted digital platform to avail gold loans in Panipat because of:

Digital application process available anytime, anywhere.
Competitive interest rates starting from 9.48% p.a.
Maximum loan amount of 75% of gold's market value.
Doorstep services for gold pickup and loan disbursal.
Complimentary insurance on pledged gold.
Access to user-friendly calculators to estimate loan amounts
Multiple lenders to choose from, providing options to fit needs.

Know More About Gold Loan in Indian States and Union Territories

Gold loans are widely available across all Indian states and Union Territories, with interest rates and policies guided by RBI regulations and local demand. Variations exist in rates and processing speeds, but generally, all states offer loans up to 75% LTV on 22-karat gold. Facilities like online application portals and calculators are becoming common nationwide, improving accessibility and user convenience. Some states may also see slightly different insurance and safety protocols.

Gold Loans in Other States

Gold Loan Bangalore	Gold Loan Chennai
Gold Loan Delhi	Gold Loan Kerala
Gold Loan Pune

Frequently Asked Questions

What is the minimum gold loan amount I can get in Panipat?

Minimum amounts typically start from ₹1,500 to ₹5,000 depending on the lender’s policy.

How can I apply for a gold loan in Panipat through Bajaj Markets?

The minimum tenure for a gold loan in Dehradun is generally 3 months, depending on the lender. Shorter loan periods are ideal for those who need quick funds and prefer to repay their loan faster without long-term commitment.

What are the current gold loan interest rates in Panipat?

Rates start as low as 9.48% p.a. and can go up to around 12%, varying by lender and scheme.

Which documents are required to get a gold loan in Panipat?

Valid identity proof (Aadhaar, PAN, passport, etc.) and address proof (electricity bill, bank statement, etc.) are required.

How is the gold loan value calculated in Panipat?

Gold loan value = Weight of gold x Current market price per gram x LTV ratio (usually 75%).

Can I apply for a gold loan in Panipat without a salary slip?

Yes, as loans are secured by gold, salary slip is not mandatory.

What is the repayment tenure for gold loans in Panipat?

Tenure ranges typically from 7 days to 24 months, offering flexible repayment options.

How safe is my gold pledged with lenders in Panipat?

Gold is kept in secured vaults with insurance coverage to ensure safety.

Can I avail EMI facility on a gold loan in my city, Panipat and if so, how?

Yes, many lenders including those on Bajaj Markets offer EMI repayment options tailored to borrower needs.

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