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Anna nagar is a locality in the eastern part of the city of Madurai. The place is close to shenoy nagar, sathamangalam, vaigai town, and mandure. On one side the vaigai river flanks the town. Anna nagar is a very well-connected place about 5 km from the railway station Madurai junction. The locality is dotted with many budget-friendly, as well as star hotels and restaurants. All of this makes the town a very appealing choice for tourists and visitors who want to stay in an inexpensive accommodation in a well-connected Madurai area. The locality attracts business owners equally as they can make use of gold loan in anna nagar to grow their business in a trouble-free way.
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.
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!
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Rupeek is one of the best online gold loan platforms that makes sure that it provides its borrowers with flexible repayment options so that they do not have to land themselves in trouble over repayment of the loan. Rupeek offers its borrowers with a range of schemes from which the borrower is free to pick that is best suited for them. Rupeek takes into consideration the convenience of the borrower to evade any problems in the future. Three different schemes under each amount are available when opting for a gold loan under Rupeek. It is listed in the table below.
Amount |
Interest rate |
Less than 2 lakh |
The interest rate is at 1.29% at the lowest and 1.69% at the highest. |
Between 2 lakh and 5 lakh |
The interest rate can range between 0.99% and 1.59% |
Between 5 lakh and 20 lakh |
The interest rate can be as low as 0.89% and as high as 1.39% |
Above 20 lakh |
The interest rate falls between 0.89% and 1.39%. |
Under each loan amount, Rupeek offers you a range of choices to pick from. They are classified into three:
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