The town of Anthiyur, located in the district of Erode, is located 251 metres above sea level and covers an area of around 3,24 square kilometres. The Sri Gurunath Swami Temple, which conducts a unique indigenous festival with a horse fair, is the most significant temple in this location. It brings in people from all over the world.Although it only lasts a few days, the festival has great historical significance and predates Indian Independence. It began for the first time during the Tipu Sultan era. While mostly known for its betel leaf, various other agricultural products and textiles are also produced in the region. The town is full of people of various income classes, and often people have to opt for a gold loan in Anthiyur to address their financial problems.
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.
When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:
For starters, gold loans come equipped with a variety of benefits as opposed to any other form of credit. The reason lenders can afford to offer so many added benefits to borrowers of gold loans is because of the collateral pledged against the loan. Some of the stark difference between gold loans and other loans are:
1) Gold loans have much lower interest rates
2) Gold loans don't require as much documentation as to any other form of credit. Some lenders even approve gold loans with just the Aadhar Card for verification.
3) Though other forms of credit require you to maintain a stellar credit history, gold loans can still be availed even with a poor credit score.
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