Alipore is a well-developed posh residential locality in the southern portion of Kolkata. The region experiences great connectivity with all the major roads like Judges Ct Road, Burdwan Road, Alipore Road, and New Road. Alipore is in the vicinity of some prime localities like Chetla, Kalighat, and Bhawanipore along with the Behala Industrial Estate. This region is served by the Majerhat and New Alipore railway stations. The area is also very well-connected with bus services. The nearest metro access points from Alipore are Jatin Das Park Metro Station and Kalighat Metro Station. The area offers premium lifestyle to all the residents with all the essential amenities and healthcare facillities. The cost of living is comparitively high here, and this is the reason why people take up a gold loan in Alipore for survival.
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!
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.
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