Baba bakala is a city of considerable historical interest in the Indian state of punjab, in amritsar. It is also famous for the sahib baba bakala gurudwara. Guru tegh bahadur, 9th sikh guru meditated 26 years, 9 months, and 13 days in the town of baba bakala. Hence the gurudwara was built in commemoration of his death. The city is just 43 km from the golden temple, and 193 km from punjab's capital, Chandigarh. The local town has a gross household population of 1,834. The town's constituency is dominated by the shiromana akali dal political party, with influential figures such as jiwan singh, babu karam singh, shaheed darshan. The town is being built, and people in baba bakala do not have to travel far to apply for an gold loan.
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.
An online gold loan is the most hassle-free form of instant credit. It owes its popularity to the array of flexible features it comes with. It comes with extremely relaxed eligibility criteria, high loan amounts at low-interest rates! Sounds like the perfect package doesn't it? Well, it gets better. There is no set upper limit on your loan amount. This completely depends on the value of your gold. Ideally, lenders approve up to 75% of the market value of the collateral. However, at times it can even go up to 90%! It is noteworthy that this market value does not refer to the prevailing market price. The lender arrives at the gold valuation by taking an average of the gold gram rate from the past 30 days. The borrower can avail the loan right from the comforts of his/her home by downloading the app and placing a loan request using just the Aadhar card as document proof! A lender appointed representative will then visit the borrower's house for gold valuation and post which the loan amount will be transferred within 10 minutes. The entire process end-end takes only about an hour!
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