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Gold Loan in antop hill

Antop Hill is a busy suburb in Mumbai, Maharashtra to the east of the Harbour Railway Line. It is believed that the name of this locality is derived from a local Marathi owner called Antoba. This neighborhood is well known for the Central Govt. Housing Colony. The Housing Colony came up in the late 1950s and caters mainly to housing government employees working in Customs, Income Tax, Indian navy, Sales Tax, and other central government departments. It is also famous for its Ali Barkat Dargah, which is a holy shrine for Muslims. It is well connected with the different parts of Mumbai and makes it a perfect place to stay. Many residents like to apply for gold loans in Antop hill for meeting their financial requirements or supporting businesses. The area also transports kerosene to the underprivileged poorer areas of Mumbai from the Indian Oil depot through bullock carts. Many parts of Antop Hill are occupied by slums. Around this area is the Sangam Nagar slum.

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!

Documents required for an online gold loan

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:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

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.

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Frequently asked questions

Will gold items with stones be accepted for gold loan?

If you are looking to pledge or repledge your gold as collateral to avail a gold loan in Mumbai, you may do so provided you are only pledging gold in the form of jewelry or ornaments as most lenders don't accept gold bars or coins. You can still pledge your gold even if your jewelry is encrusted with stones. It is noteworthy that during gold valuation, the weight of the stone will be calculated separately and deducted from the total weight of your gold. When it comes to gold valuation only the purity of the gold is taken into consideration.

How to apply for a gold loan with Rupeek?

Applying for a gold loan with Rupeek can be done in 3 easy steps.

  1. Request a loan: Download our app, give us a call, or visit our website
  2. Get gold valued at home: Complete the KYC process from the comfort of your home
  3. Get money instantly: The loan amount is instantly transferred to your account

The whole process usually takes places inside an hour. One of the reasons why Rupeek is opted by people around the country is because of its smooth, fast and hassle-free process. Rupeek makes sure that the emergency funds required by the people can be availed as easily as it is possible.

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