One of the oldest villages in Hyderabad is Amberpet. The region is best known for being home to the renowned University of Osmania. It was once a neighborhood that housed a wide retail market where inexpensive products were sold for household goods. Today, Amberpet has become a global education and exchange centre. In the city, supermarkets, shopping malls, and different kinds of business establishments have arisen. Availability of gold loan in Amberpet is driving trade and trade expansion. Amberpet has many temples dotted with them. It has several mosques, including the Qutub Shahi Masjid, that belong to the Qutub Shahi period. Amberpet remains connected by road and rail network links. The highway between Hyderabad and Warangal passes through the place. Kachiguda railway station is only 1.8 km away from the town.
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:
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.
When a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.
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