Ahmedabad, the largest city in the state of Gujarat, had witnessed the rule of numerous dynasties prior to falling under the command of the British Crown. The two revolutionary demonstrations, Dandi March and Satyagraha movement, developed its roots in this city. In recent times, Ahmedabad has been acclaimed as a fast-growing city with good living conditions. The place is also the second largest stock exchange in India and it houses the headquarters of various banks. Dairy, textiles, chemicals, denim and diamond cutting are few of the specialities in the city, which are highly distinctive. Here, people from different religious backgrounds like that of Hindus, Muslims, Christians, Jains and Parsis live together in a harmonious manner. In order to pursue interests, companies and people mostly avail gold loans in Ahmedabad. The tourist attractions in the city are the Bhadra Fort, Sabarmati Ashram and the Calico Museum of Textiles.
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.
An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.
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