The suburb Aundh is located in the popular Pune's Northwest side. For the last twenty-thirty years, Aundh is very well-known because of its housing place which turned out to be perfect for living. In the city of Pune, Aundh is a former city. In present times, it is surrounded and even famous for its IT hubs, and much more development has taken place in this city. Basically, around the Aundh, there is an industrial area nearby. Now you know why we had given the tag of best living place to Aundh as it is an educational area as well as an industrial area for those who are finding jobs. The city Aundh is very well-attached to other areas and roads of Pune with the help of Kalewadi Main road, Wakad Road, and Mumbai-Pune expressway. The Gopal Hari Deshmukh Marg is also very well-connected with Aundh as it is passing from there itself. One can reach to the giant airport of Pune within thirty minutes if they start traveling from Aundh. Such places which are in the center attract people to buy residential properties, and this is why they search for gold loan in Aundh.
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.
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.
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