Adhartal in jabalpur is a small town on the indian subcontinent in the state of madhya pradesh. King adhar singh inherits its name from the town. This township has some beautiful parks that provide a natural brathing area, away from the city life's hustle-bustle. It is located close to the railway station, and is a popular shopping spot for tourists traveling to jabalpur. This region's principal speciality is the production of computer goods and smartphone devices. Peopl here are small traders and hemce gold loan is a life-changer for most of them in adhartal, jabalpur, who need working capital to run the show.
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.
Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:
Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.
Most lenders provide round-the-clock assistance if borrowers ever need it, to complete their gold loan repayment successfully or to pay their interest through their payment portal on the website or the app. The Rupeek team especially is only a phone call away! But irrespective of the platform you choose to make your payment on, both platforms offer the following modes of repayment:
1) Internet banking
2) Debit card
4) Money transfer using RTGS/IMPS
Since all the options require the digital transfer of money, the borrower must have a bank account under his/her name.
Your request has been received, our customer relationship manager has been notified and will call you shortly