In Surat City, Adajan is a calm and beautiful neighbourhood. This area is caressed by the Tapi River on one side that adds to its ambience. Various recreation zones and parks offer an excellent river view. Morarji Desai and Jyotindra Dave are the most popular gardens in the vicinity that attract all the exercise enthusiasts for open-air exercise fun and children who love to play in an area with open space. Another major attraction for the residents is the fast-food stalls that are lined on the paths of the Tapi River Front. In order to handle all the expenses, people often take up a gold loan in Adajan. Sharks and turtles are present in the Surat Municipal Aquarium, which is another prime attraction in the area. The locality even has access to certain famous educational institutions like Navyug College.
Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:
The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:
The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.
When a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.
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