If you are a true Banglorian, you must have definitely heard of the Bagalur lake! Thanks to the Bagalur Main Road, the Bagalur area is very much associated with other conspicuous areas like Kattigenahalli, Sathanur, and Dwarka Nagar. Thanks to it's proximity to the Yelahanka and Majestic City railroad stations and the Kempegowda International Airport, real estate in Bagalur is at an all time high! There are several educational institutions in this area including Public School,Sri M. Vishvesvaraya Institute of Technology,REVA University, Bangalore Public School Bangalore North, Brindavan College of Engineering. Some of the reputable hospitals that can be found here are Om Shakthi Hospital, Saranalaya Hospital, Sapthagiri Hospitals and Medicals. Residents lean towards availing gold loans in Bagalur whenever they find themselves in need of cash!
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
2) Address Proof- Documents that serve as identity proof include but are not limited to:
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!
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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