An upscale residential locality in Visakhapatnam District is Auto Nagar. This area comes under the jurisdiction of Kadapa parliamentary constituency and Yemmiganur assembly constituency. Duvvada and Gopalapatnam are the closest railway stations. This area is situated beside the Chennai Kolkata Highway or National Highway 16. Only at a distance of 8 km from Auto Nagar, the Visakhapatnam International Airport at Viman Nagar has been situated. Sri Venkateswara And Vinayaka Swami Vari Temple, Sri Siddhi Vinayaka Temple, Ganesh Temple, and Sri Ganapathi Alayam are the prime temples in this area. People often visit this region for its well-known healthcare facilities at places like New Life Diagnostics Centre, BHEL Hospital, and BHPV Hospital, and this is another reason why people apply for a gold loan in Autonagar to pay medical bills.
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.
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:
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