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Gold Loan in alkapuri

Alkapuri is an urban area in the gujarat province, on the west side of vadodara district. It is one of the oldest areas of vadodara's ever-widening western region. It applies primarily to the modern vadodara, with large shopping malls and some of gujarat's best hotels. even, it is a vadodara central business district (cbd). Financial services such as gold loans are a common demand among residents in alkapuri. It is one of asia's most sought after expensive residential highways, known for its overall protection, healthcare system, education system and easily accessible for all urban transport.

What is an online gold loan?

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:

  1. Low rate of interest
  2. High-value loans
  3. Minimal paperwork
  4. Flexible repayment options
  5. Instant loans etc.

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.

Benefits of an online gold loan

The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!

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Frequently asked questions

Will gold items with stones be accepted for gold loan?

The loan amount that can be procured by pledging your loan is determined by the value of the gold that you pledge. You can get up to 75% of the market value of the gold as the gold loan in Vadodara. The value of your gold is determined by its weight, purity, and other factors. For this reason, if you are pledging ornaments that are studded with stones or gems will not be evaluated for the loan amount. The weight of the stones and the gems will be deducted by the gold appraiser and only the value of the gold will be taken into consideration. 

Can I avail EMI facility on gold loan?

Yes, EMIs are available for a gold loan in Vadodara. EMI stands for Equated Monthly Installment where a fixed amount is paid every month towards the repayment of the loan. The EMI consists of both the principal amount as well as the compound interest. EMIs are fixed and consistent and make sure that the repayment of the loan does not burn a hole in the pocket of the borrower. Before you place an application for a loan, using the online gold calculator, it is possible for you to check the amount you will have to pay as EMI for your gold loan in Vadodara.
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