Basavanagudi locality is located in the southern portion of Bangalore and it has got its name from the Nandi Bull Temple. This is one of the oldest regions in Bangalore and it is pretty much renowned for its retail industries and heritage restaurants that had been made way back before the Indian Independence. DVG Road is the most prominent place for trade and commerce in this entire region. There are several temples in this area and the people of Basavanagudi are very much religious and they pray at different temples here. People are very lively in here and they celebrate various festivals and events together. Bengaluru Ganesha Utsav and Kadlekai Parishe are the most important events of all. The area is even filled with some of the best educational institutions where students find excellent education in different disciplines. Basavanagudi is filled with some of the best parks in Bangalore. People sometimes need a loan to solve their financial problems, and this is the reason why they opt for a gold loan in Basavanagudi.
As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.
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!
Your request has been received, our customer relationship manager has been notified and will call you shortly