Behat is a village located 50 km from Gwalior city. Behat is a gram panchayat in district Gwalior, Madhya Pradesh, India. It was Maharaja Chhtra Singh Rana, the summer king, who also built a palace called Chhatrapur. This palace is located at Behat village on a hill-top. It is considered the Rana rulers' good architectural expertise, and is a protected site of India's archaelogical survey. It is where the popular singer Tansen was born. Behat is a fantastic and majestic place surrounded by the dense woods. Local Behat village language is hindi. People prefer to take gold loans in Behat to meet their emergency fund requirements.
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:
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:
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.
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.
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