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Gold Loan in ashok nagar

Devlali, also named deolali, is a serene hill resort in Maharashtra's nashik district. It was the site for a british army camp during the time of colonial rule, as well as the location of the army staff academy. Even now, it houses one of Indian military's oldest bases, called deolali village. Several temples and tourist sites, such as the muktidham temple and pandavleni caves, surround the hill station. Barnes school, one of western India's reputed boarding schools, is situated here. In the lap of nature the devlali people live a comfortable lifestyle. They depend on gold loan facilities in devlali to fulfill their criteria for an emergency fund. Devlali is only 5 km from nashik road railway station, and can be reached conveniently by local transport.

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.

Benefits of an online gold loan

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:

  1. Low loan interest rates - the interest rates are less because of the security of the collateral.
  2. Minimal documents – the only documents that the borrower is expected to submit are the address proof and identity proof
  3. High-value loan – up to 75% of the market value of the gold can be obtained as the loan and in some cases, up to 90%.
  4. No upper limit – the amount that you can obtain is determined by the value of the pledged gold.
  5. No requirement of income proof – the borrower can be unemployed or have an irregular income and still get a gold loan.
  6. No requirement of credit history – the borrower can have a poor credit score or CIBIL score and still be eligible for the loan.
  7. Flexibility – a secured loan is more flexible than other sources of income. The borrower has a variety of repayment schemes to choose from.
  8. Speed – the whole transaction, from the loan application to the disbursement of the funds takes place within an hour.

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Frequently asked questions

How is the interest rate calculated for gold loans?

Gold loans are one of the most flexible forms of credit. There are several elements to an online gold loan. As a rational borrower, it is important for you to do your research on the various schemes and terms that different lenders offer before zeroing in on one. Loan amount, Loan Interest Rates, Repayment Options, Loan Terms are all factors that vary from lender to lender. You can get in touch with your lender to understand how your gold loan interest rate will be calculated. Your lender will be able to guide you through the terms of your loan in their expert opinion.

How do I repay the gold loan?

There are several repayment options from which borrowers can pick the one most suited to them. The gold loan in Nashik can be repaid as a bullet payment at the end of the loan term, together with the interest amount as well as the principal amount. It can also be paid as EMIs and even as a prepayment. The loan amount can be repaid in the form of cash, cheque, DD, or card. Using Rupeek’s loan repayment portal, the loan amount can be repaid in just three simple steps. You can log in with the OTP sent to the registered phone number. The gold loan repayment can then be completed from your profile.
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