Bangrasia is a small village in the district of bhopal, in huzur tehsil and phanda block. The kaliasot river flows near this location making it also a tourist attraction. If you are thinking of settling in after applying for the gold loan, it is common locality. There are two famous parks in the area: diamond park and golden park. There's even a crpf booth here in the town. The closest railway station is 23.7 km away but this place is served by buses. Nh46 runs through the area making it a famous position on bhopal's map. Here's the crpf hybrid facility.
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.
When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:
Borrowers have the flexibility to choose from different types of gold loan repayment schemes. These include Interest payments, Closure payments, and Part payments.
1) Interest payment: Interest payment is the method of repayment in which the interest you need to pay on your principal is paid on a monthly basis.
2) Closure payment: Closure payments is the method of repayment in which the jewelry you have pledged is returned once the closure payment is made.
3) Part-payment: Part payment is the method of repayment in which you can make at any point in time which is more than the interest payable for that month
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