Attari is a village in the district of amritsar, in punjab Indian province. It is located at wagah, 3 km from the indo-pakistan border. It is the last Indian station on pakistan's railway line linking delhi with lahore. A lot of visitors come to the village nearby to attend the annual wagha boundary ceremony. Quite next to it is the sham singh attari samadhi, a revered and successful sikh empire general who fought bravely in the battle of sabraon until his last breath. The residents in the village are active in companies that own food stalls, souvenir shops outside the popular tourist spots. A lot of local villagers apply for an gold loan to finance their company and family in attari.
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.
Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:
The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:
The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.
One of the highlights of availing an online gold loan is that it can be done end-end right from the comforts of your home! Once you have placed your loan request, a Rupeek executive will arrive at your doorstep to value your gold. If need be, you can verify the authenticity of the executive in the following ways:
In-app verification - Once the executive reaches your premises, an OTP will be sent to your number which the executive will then enter on his app to verify the match.
ID Card - The executive will display his identification card issued by Rupeek
ID Proof - On demand, the executive will display a government ID proof
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