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Gold Loan in anthiyur

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.

What is an online gold loan?

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!

Benefits of an online gold loan

The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!

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Frequently asked questions

Can I get immediate cash with gold loan?

Yes, you can. Compared to other loans such as personal loans, housing loans, or auto loans, gold loan is the most convenient type of loan where the cash processing time is short. If you want to borrow a loan rendering immediate cash then applying for a gold loan online is probably the best option available in the market, as gold loans are, by far, the most immediate loans. Once you go to the website of the lender and fill out the application form, the gold loan process will be initiated on the lender's end by checking your credit score, KYC procedure and the money will be credited in your bank account almost instantly. 

How is the market value of gold determined?

Gold is one of the most precious commodities in the world today. Throughout its existence for over 3000 years, its value has remained consistent, never dipping below zero. There are many factors on which the price of gold depends. Although the major factors are the demand and supply, it is also largely dependent on the gold production, inflation, government’s gold reserves, import rates, interest rates, taxes and levies, local demands, etc. For these reasons, the value of the gold in the market is seen to fluctuate. You can know the current rate of gold by visiting our page for gold loan calculation.
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