Bagayam is one of the mind-blowing area located 5kms from Vellore city centre. The work here is done by Acrot assembly constituency and Arakkonam Parliamentary constituency. Parts of Vellore and Chennai are connected to this place via Thorapadi Bagayam road and Polur Vellore road. Some colleges like the Christian Medical college Principal's office, Mental Health centre, are situated here. Bagayam is near two railway stations namely Pennathur Hat and Vellore Cantt. Many wildlife animals live in the Bagayam forest of Bagayam. Some famous landmarks of this place are Bagayam Hospital, Oval Ground CMC, Infant Jesus Church, Janaki Mahal, Bagayam Hill Temple, and Community health training centre. The people of this area often go for a gold loan in Bagayam, as it is easy way to get money for some time.
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.
A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:
Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.
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