Although there are places currently undergoing big changes, Kanyakumari's arumani area is closer to kerala than most people think. The climatic conditions are similar, although it is closer to kerala. Established as a panchayat town of first tier, its areas are covered by rich and fertile soil, as well as greenery that includes most forms of fauna. The cultivation of rubber in the different areas of the land marks the production and use of this type of land, making an gold loan in arumani (kanyakumari) a good option as it includes agricultural sector activities. The kanyakumari district's largest river, called 'kodayar,' passes through areas such as landmarked north-eastern and eastern territories, making it a tourist attraction. There are also many religious buildings in the town itself - panyangara, velamcode, shiva kovil, to name just a handful.
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.
If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:
1) Identity Proof- Documents that serve as identity proof include but are not limited to:
* Voter's ID
2) Address Proof- Documents that serve as identity proof include but are not limited to:
When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!
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