Ajara is a census town in Maharashtra, in the subdivision of gadhinglaj, under kolhapur district. The town also serves as the headquarters for the taluka. It is the southernmost taluka in this state, and the last position in the desh region. Ajara falls approximately 86 km from kolhapur. The town is renowned for its picturesque countryside and rice varieties of the ajara ghansal. This town's citizens rely on gold loans to fund various miscellaneous expenditures in ajara. Gadhinglaj, which lies about 23 km away, is the nearest major city for this town. Ramtirth temple and ravalnath temple are the town's two points of attraction.
If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:
1) Identity Proof- Documents that serve as identity proof include but are not limited to:
* Voter's ID
2) Address Proof- Documents that serve as identity proof include but are not limited to:
When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!
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.
For starters, gold loans come equipped with a variety of benefits as opposed to any other form of credit. The reason lenders can afford to offer so many added benefits to borrowers of gold loans is because of the collateral pledged against the loan. Some of the stark difference between gold loans and other loans are:
1) Gold loans have much lower interest rates
2) Gold loans don't require as much documentation as to any other form of credit. Some lenders even approve gold loans with just the Aadhar Card for verification.
3) Though other forms of credit require you to maintain a stellar credit history, gold loans can still be availed even with a poor credit score.
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