Bap is a large village in Phalodi Tehsil, Jodhpur, with more than 1,600 families. The village is developing rapidly and the literacy rate is higher than the national average. The literacy rate is 70.68%. It is 167 kilometers away from Jodhpur and well-connected by road and rail. Due to the lack of competitive education, many families choose to borrow money using gold loans in Bap to fund the education of their children and provide them with better opportunities to pursue prestigious careers. Due to the high literacy rate, Bap's living conditions have been greatly improved.
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:
An online gold loan is the most hassle-free form of instant credit. It owes its popularity to the array of flexible features it comes with. It comes with extremely relaxed eligibility criteria, high loan amounts at low-interest rates! Sounds like the perfect package doesn't it? Well, it gets better. There is no set upper limit on your loan amount. This completely depends on the value of your gold. Ideally, lenders approve up to 75% of the market value of the collateral. However, at times it can even go up to 90%! It is noteworthy that this market value does not refer to the prevailing market price. The lender arrives at the gold valuation by taking an average of the gold gram rate from the past 30 days. The borrower can avail the loan right from the comforts of his/her home by downloading the app and placing a loan request using just the Aadhar card as document proof! A lender appointed representative will then visit the borrower's house for gold valuation and post which the loan amount will be transferred within 10 minutes. The entire process end-end takes only about an hour!
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