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Goa
benaulim
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0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in benaulim

Benaulim is a village in South Goa situated under the Salcete taluka. The region was known as Banahalli until the arrival of the Portuguese. Other popular areas of Goa, including Margao, Colva, and Varca, surround the town. As the area has long been the birthplace to traditional carpenters, it is known as the village to carpenters. Since carpentry is not a high-paying task, many carpenters have gold loans in Benaulim to cover their costs. Thanks to its golden sandy beaches, thriving rice fields, and lovely temples, Benaulim attracts tourists. The Holy Trinity Church in Mazilvaddo and St John the Baptist Church in Povacao are among the area's major attractions.
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We offer the highest per gram rate on our gold loans.

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Today’s max loan value/gm ()
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Gold Loans at the privacy of your home

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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!

Eligibility criteria for an online gold loan

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:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

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:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

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.

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Frequently asked questions

Who can avail Rupeek gold loan?

If you are above the age of 18 and possess the required KYC documents and gold amount, you can avail of a Rupeek gold loan! Our gold loan eligibility criteria are minimal in order to make gold loans more accessible to all. The eligibility criteria for a gold loan is less compared to other sources of funds. As long as you are above 18 years of age, and the gold that you are providing as collateral is above 18 karat gold, you are eligible to get a gold loan. Normally, the gold that you keep as collateral can only be in the form of ornaments.

Are there any charges levied for late payment of interest?

To avoid default in payments or arrears, most lenders charge a penalty fee. This will be collected along with the next month's payment. If any defaults or arrears occur in next month's repayment as well, your lender will escalate the issue to loan managers. Stringent action will be taken to ensure that you repay your loan along with the corresponding interest on-time. To avoid such dire consequences, borrowers must make on-time repayments and it must be considered as the number one priority. Negligence of timely payment reflects poorly on the borrower's credit score which affects the borrower's future scope of credit.

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