The region is named after the Goddess Ambadevi, who is the reigning deity of the city. This historic city in the state of Maharashtra has many proud histoical monument and landmarks standing tall on it. Some of them include the temples of Ambadevi, Ekvira Devi, Sri Krishna, Sri Venkateshwara Swamy, and Sant Gadge Maharaj. Among the other prominent tourist attractions are Osmania Masjid built by the Nizam of Hyderabad, Chatri Talao, and Wadali Talao. One of the top-most institutes for physical training in India, the Hanuman Vyayam Prasarak Mandal (HVPM) is located in the region. Mainly dependent on agriculture for its economy, to meet their financial needs, people often turn to gold loans in Amravati. Holi, Diwali, Eid, Makar Sankranti are celebrated with a grand festivity every year. Amravati also has an array of lip-smacking dishes such as Sambhar Wadi, Gila Bada, and Gupchup. To meet their urgent fund requirements, the people depend on gold loans in Amravati.
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.
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.
Borrowers have the flexibility to choose from different types of gold loan repayment schemes. These include Interest payments, Closure payments, and Part payments.
1) Interest payment: Interest payment is the method of repayment in which the interest you need to pay on your principal is paid on a monthly basis.
2) Closure payment: Closure payments is the method of repayment in which the jewelry you have pledged is returned once the closure payment is made.
3) Part-payment: Part payment is the method of repayment in which you can make at any point in time which is more than the interest payable for that month
Your request has been received, our customer relationship manager has been notified and will call you shortly