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Gold Loan in baragaon varanasi

Baragaon is a medium-sized town about 15 km away from varanasi city, and 3 km from babatpur international airport. Baragaon has an reputation and a history of its own. Next to a pond is a 500-year-old sri ram-janki temple. The sharda canal passes through the center of the city, supplying sufficient water for the farmland. The city has decent medical facilities with dr awadhesh singh's hospital devoted to specialized in eye surgery and another hospital in the old bazar. Significant income for the town's people is from intricate benarasi sari's spinning of silk and carpet production. gold loan is common among weavers in baragaon.

Benefits of an online gold loan

The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!

What is an online gold loan?

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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Frequently asked questions

Are banks or NBFCs better for availing gold loan

If you are looking for a gold loan in Varanasi but find yourself confused about the source from where to procure the funds, it is important to understand the pros and cons of each source. Since there are many lending institutions today that supply funds both offline and online, they all have their specific list of advantages and disadvantages. While banks and NBFCs look like the obvious choices, the borrower has to evaluate both of the sources with respect to their financial status. Banks usually take a longer time to process the loan, to verify the CIBIL score and they also offer lower LTV and have a strict EMI model. On the other hand, although NBFCs offer higher Loan to Value ratio, they charge higher interest rates. 

Can I increase my loan amount after taking the loan?

Yes, Rupeek can increase your loan amount after you have taken out a loan on gold. Based on the present gold rate, Rupeek will pay you the additional loan amount for your gold. Rupeek is one of the best online providers of gold loan in Varanasi. It makes sure that its customers are satisifed with the gold loan service that it provides. All kinds of services that its borrowers request, it tries its best to accommodate. Contact us to learn more. 
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