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Gold Loan in badnera

Badnera is a small town in the district of amravati, in the Maharashtra indian state. Badnera has two parts called juni basti (old town) and new town (navi basti). Old town is named after hazrat almas shah urf kamli wale bawa's dargah. Ziri area, in view of the temples of shri dutta and shri ram temple, is one of the well-constructed and celebrated territories in new town badnera. Belora airport is also badnera's nearest air terminal located just 4 km from badnera. gold loans in badnera serve as a major financial assistance for the citizens during cash crunch situations.

Benefits of an online gold loan

The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!

Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

1) Identity Proof- Documents that serve as identity proof include but are not limited to:

* Voter's ID

*PAN Card

*Aadhaar Card

*Passport

*Driving License

2) Address Proof- Documents that serve as identity proof include but are not limited to: 

*Aadhar Card

*Passport

*Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!

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Frequently asked questions

Can I take a gold loan for my education?

One of the most flexible features of a gold loan is that you can spend it as per your discretion provided it is not with the intent of laundering money, terrorism, gambling, or any other such illegal activities. This implies that you can very well avail a loan for educational purposes. Easy repayment terms where you only have to pay interest each month and a flexible loan tenure ranging anywhere between 6 months to 12 months depending on your repayment capacity makes gold loans in Amravati one of the most favorable loans to opt for while pursuing higher education.

Under what cirumstances will my gold loan get rejected?

There are a few scenarios in which a customer's application might get rejected. This very first instance where this can happen is KYC. If the documentation provided by the borrower is insufficient or of suspicious validity or found to be forged/fake then the gold loan will be rejected. Additionally, your credit score may be too low for the lender to trust your ability to repay the loan and hence will reject your loan. Thirdly, the gold you pledged may not be meeting the standards of purity which have to be a minimum 18 karat to be pledged as collateral.
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