city
Ballari
close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

banner bg
0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in Ballari

Today's maximum loan value/gm **
max LTV

Last Updated :

Last Updated :

Gold Loans at the privacy of your home

lender banks
+91
Please enter valid Mobile Number

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!

Eligibility criteria for an online gold loan

Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.

Rupeek ad

Gold Loan Calculator

Hear what our customers say

We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.

4.6+ star
4.8 star
4.4 star

Your Gold Loan is just a click away!

Please provie a valid name
+91
Please use a valid mobile number

Frequently asked questions

How to repledge my existing loan?

It is possible for the borrowers to repledge their gold for another loan once their gold loan in cityname comes to an end. They can apply for a fresh loan with the same collateral. This is possible with most lenders, although each lender offers different conditions before the loan can be repledged. With Rupeek, you can repledge your collateral for a fresh loan very easily. All you have to do is get in touch with the customer support team. You can get in touch with the team either online or offline. You can make a call to the customer desk or contact via the Rupeek app. Rupeek will assign a loan manager to you, who will guide you through the process. 

Are there any charges levied for late payment of interest?

Lenders usually do tend to charge a penalty fee in case of default of payment or arrears. This charge is usually carried over to the next monthly payment. In case of default of payments or arrears of the next payment as well, the lender is left with no other choice but to hand over the issue to the respective loan managers. Stringent action will be taken against the borrower to ensure that the repayments are done on time. In order to avoid any such circumstances in the future, the borrower has to take care not to miss out on payments or delay the payments. As a borrower your number one priority has to be prompt repayment of loans.

How do I know if the executive is authentic while applying for an online gold loan?

Once your loan request has been placed for an online gold loan, a Rupeek executive will arrive at your doorstep to value your gold. It is very important to be vigilant about the identity of a person before you trust them and let them into your house. Which is why Rupeek has an executive verification process in place- The in-app verification. Once the executive has reached your location an OTP will be sent to your number which the executive will then have to enter on his app to verify the match. Additionally, you can also ask to see the executive's ID card, issued to him/her by Rupeek. The executive will also display a government ID proof if asked.

Are banks or NBFCs better for availing gold loan

When it comes to taking a gold loan there are a plethora of options in the market and it is easy to get confused where to avail the best gold loan from. Firstly, there are both banks and Non-Banking Financial Companies or NBFCs providing gold loans in the country. Banks in general take a longer processing time of the loan for credit, CIBIL score verification, offer lower Loan-To-Value, and have a strict EMI model. Whereas, NBFCs offer higher LTV but along with its higher interest rates as well. Hence depending upon your short-term or long-term finances, weigh in your options and choose the perfect lender for yourself. 
Rupeek ad

Apply now for 30 minutes doorstep service#

+91
Please enter valid Mobile Number

Gold loan in Ballari

gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly