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Gold Loan in agalgaon

Agalgaon is a small suburban community in barshi taluka, solapur district. The area falls under the electorate of the barshi assembly and the parliamentary district of osmanabad. Near the locality is the babhulgaon dam. The water from the dam serves as the agricultural water supply for the farmers living in the area. Agalgaon is surrounded by bhoyare, umbarge, belgaon, kuslamb, mandegaon and. Kuslamb and barsi town are the nearest railway stations. Shri shivaji mahavidyalaya, the shriman bhausaheb zadbuke institute of polytechnic, mit railway engineering college, z p school, lokseva vidhyalaya, shri saraswati karad vidyalaya, and chhatrapati shivaji high school are the most popular educational institutions nearby. People living in the area often need money in agalgaon to set up a shop, pay hospital bills, or build a home, and rely on gold loans.

What is an online gold loan?

An online gold loan is the most hassle-free form of instant credit. It owes its popularity to the array of flexible features it comes with. It comes with extremely relaxed eligibility criteria, high loan amounts at low-interest rates! Sounds like the perfect package doesn't it? Well, it gets better. There is no set upper limit on your loan amount. This completely depends on the value of your gold. Ideally, lenders approve up to 75% of the market value of the collateral. However, at times it can even go up to 90%! It is noteworthy that this market value does not refer to the prevailing market price. The lender arrives at the gold valuation by taking an average of the gold gram rate from the past 30 days. The borrower can avail the loan right from the comforts of his/her home by downloading the app and placing a loan request using just the Aadhar card as document proof! A lender appointed representative will then visit the borrower's house for gold valuation and post which the loan amount will be transferred within 10 minutes. The entire process end-end takes only about an hour!

Benefits of an online gold loan

An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.

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Frequently asked questions

Are all gold items accepted?

Most lenders accept all gold items as only the purity of gold determines the gold value. Rupeek currently does not accept gold coins or bars. Our lending partners only accept gold jewelry of 18 carats and above, which is subject to valuation reports for any loan on gold. Gold exists in various levels of purity, ranging from 18 karat to 24 karat. Gold, at these different levels of purity, exists in different forms, also depending on the properties of its alloys. At 18 karat to 22 karat, gold can exist in the form of ornaments, its alloys lending their properties of malleability and ductility to the gold. At 24 karat, gold exists as coins and bars. Rupeek only accepts gold ornaments as collateral. 

Why should I take a gold loan with my jewellery?

If you have any short-term goals that need to be financed, you can use the gold jewelry that is lying dormant in your home lockers to encash them, but at the same time reclaiming them as they were. As gold loans are good in a rising market, a lender offering good LTV will get you the most out of your gold jewelry. If the expected appreciation in value is greater than the cost of the loan, it is better to take a loan bearing in mind to keep it short-term and being able to repay the principal. Ideally, you should go for a gold loan in Solapur if you are looking for emergency funds.
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