Popularly also called nehru path in patna, bailey road is a wonderful neighborhood and one of the most popular roads in patna, india. Starting from income tax golambar and connecting patna with danapur, it runs through the heart of town. This location is well known for important landmarks such as patna high court, patna zoo, secretariat, patna women's college, museum, airport, etc. Although this road was renamed jawahar lal nehru marg, the name bailey road is still famous. This position also houses aiims patna, which is under the pmssy (prime minister swasthya suraksha yojana) oversight. Business prospects are enormous with people visiting the place from all parts of the world, and an gold loan in bailey road makes the residents become financially independent.
As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.
An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.
When taking a gold loan, a borrower should consider the following points before choosing a lender -
There are several options available before the borrowers when they want to make the repayment of their gold loan. The borrower can rely on the website of the lender or their app to complete the repayment process. The payment mode options are the same in both the cases. The borrower can repay the gold loan in Patna via:
The loan amount can be done in any form, such as cash, cheque, DD or via card.
Your request has been received, our customer relationship manager has been notified and will call you shortly