Surrounded by the scenic Alwal lake and popular Cantonment area, Alwal city is a rapidly- growing commercial hub of Hyderabad. Alwal is well- connected to other parts through the Secunderabad railway station and Begumpet Airport. The Alwal city is mostly inhabited by Hindus. Some of the popular temples in the city are the Naga Devatha Temple. Ganesh Temple, Bangaru Maisamma Temple, Sri Raja Rajeshwari Temple, Abhayaanjaneya Temple, and Naila Pochamma Temple. Alwal also houses popular spiritual centres for the Muslims such as Masjid- E- Ammar and Masid Hazrat Zinde Shah Madhar. Churches such as the New Life Fellowship Church, JCNM Church and St. Anthony’s Church are popular among the Christian community. Nevertheless, all the communities follow cultural traditions involving gold jewellery. This explains why people are dependent on gold loans in Alwar.
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.
A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:
Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.
Most lenders provide round-the-clock assistance if borrowers ever need it, to complete their gold loan repayment successfully or to pay their interest through their payment portal on the website or the app. The Rupeek team especially is only a phone call away! But irrespective of the platform you choose to make your payment on, both platforms offer the following modes of repayment:
1) Internet banking
2) Debit card
4) Money transfer using RTGS/IMPS
Since all the options require the digital transfer of money, the borrower must have a bank account under his/her name.
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