Asarwa of Ahmedabad is a potent combination of the ancient and the modern lifestyles as it consists of two areas: Old Asarwa, which depicts a small village with the elegance of the ancient country and is a home to many manufacturers in the weaving and processing sectors. New Asarwa features renovated residential colonies, multi-story towers, sustainable living facilities, hotels, schools, and other facilities. Asarwa's social infrastructure also comprises quite a few surgical subspecialties, including the Civil Hospital and M.B. Shah Hospital for Cancer. This diverse place can easily be reached from Sardar Vallabhbhai Patel International Airport, less than 7 km away, and Ahmedabad Railway Station, 4 km away. Even as the local population is hard-working, they also try to reap the benefits of gold loans in Asarwa to meet their unforeseen financial obligations. A star highlight in the area is the temple of Nilakanth Mahadev, a historical temple dedicated to Lord Shiva.
As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-
1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.
2) You must be an independent major, that is of the age 18 or above
3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.
4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)
It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days.
An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.
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