Thanks to the 16th century Vellore fort that has made Balaji Nagar a famous area of Vellore city. Some famous places around here are Children's park, Tipu and Hyder Mahal, Vellore fort masjid, State Govt. Museum, Tipu Sultan Masjid, Vellore Fort Park, Periyar park, and St. John's Church. Vellore assemble and parliamentary constituency does works for Balaji Nagar. Vellore town and Vellore Cantt are nearest railway stations. This area comes in between of National Highway 38. Vellore college of education, Vellore University, Abdul Hakeem College, and TMS school are few reputed educational institutes. Gold loan in Balaji Nagar is very popular with local students studying in these institutes.
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 a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.
Gold loans in Vellore are pervasively availed because of how flexible they are. Rupeek especially strives to provide affordable solutions and offers different flexible types of gold loans repayment schemes. They are classified as follows:
1) Interest Payment: In this method of repayment, you pay a monthly interest concerning only the principal amount
2) Closure Payment: In this method of repayment, your pledged jewelry will be returned once closure payment is made
3)Part-Payment: In this method of repayment, your monthly payment is more than the interest payable per month.
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