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Gold Loan in Bhoi Nagar

Near power hospital, gridco leisure club, odisha fetal medicine centre, and saheed nagar police station, bhoi nagar district in bhubaneshwar, odisha is a small town. The neighborhood consists of buildings and areas such as the central station children's centre, the provincial house of st. joseph, and the district transport office (rto). The drinking center kacha pani amrit is located within the limits of this town. It also has an apollo pharmacy, which means the neighborhood is well-equipped to meet the residents' demands and needs. Residents have access to outdoor opportunities through the numerous centers within and near it. At the south-west end of the city, there's a union bank of India atm - that is, individuals who need to make or take gold loans in bhoi nagar have access to a banking institution.

Benefits of an online gold loan

An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.

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

How to repledge my existing loan?

It is possible for the borrowers to repledge their gold for another loan once their gold loan in Bhubaneswar comes to an end. They can apply for a fresh loan with the same collateral. This is possible with most lenders, although each lender offers different conditions before the loan can be repledged. With Rupeek, you can repledge your collateral for a fresh loan very easily. All you have to do is get in touch with the customer support team. You can get in touch with the team either online or offline. You can make a call to the customer desk or contact via the Rupeek app. Rupeek will assign a loan manager to you, who will guide you through the process. 

Is it risky to take a gold loan?

A gold loan is arguably the easiest and immediate type of loan out there in the market which makes it extremely lucrative to address your financial needs. In circumstances where you need quick money and you do not possess any other assets to pledge, a gold loan can be a useful avenue. However, it is advisable to refrain from taking a gold loan if you believe you will not be able to repay the demanding interest amount along with the principal. Additionally, if the gold prices drop drastically during the tenure of loan some lenders may ask you to pledge more gold or pay up to meet the difference in amount. 
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