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Gold Loan in Bhowanipore

Bhowanipore is a locality in South Kolkata; it is known for many notable personalities like Netaji Subhash Chandra Bose, Satyajit Ray, and Uttam Kumar. The place is very popular and can be reached by both via road and metro. It's also connected to Kolkata's most important parts like Ballygunge, Alipore, Maidan, Elgin Road, and Park Street. Industrial bodies like Tata Tea, ITC, Exide Industries, and Automobile Association of Eastern India. Central Government Offices like the Central Bureau of Investigation, DWO Office, and the PWD office are located here. Given its location and facilities, it's a place of elites and expensive lifestyles. It's an excellent place for business, and many people are starting every day. With more businesses, people feel the need for extra cash and going for gold loans in Bhowanipore.

Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

1) Identity Proof- Documents that serve as identity proof include but are not limited to:

* Voter's ID

*PAN Card

*Aadhaar Card

*Passport

*Driving License

2) Address Proof- Documents that serve as identity proof include but are not limited to: 

*Aadhar Card

*Passport

*Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!

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

Is my gold safe with Rupeek?

Rupeek takes extreme pride in the fact that we have closed out 25,000 loan applications with utmost care and safety. Here's how we systematical ensure the safety of your ornaments while it is in our possession:

1) ISO Certification- Rupeek's gold appraisal process has been certified by ISO 9011:2015

2) Trusted Partner Banks- We have done an at-length background check with all of our partner banks before we carefully handpicked them. These include but is not limited to Karur Vysya Bank, Federal Bank, and ICICI Bank. 

3)Trusted Security Partner- Brinks- an internationally trusted security service is our official security partner.

4) Transporting your Gold- Your gold is transported in a sealed, secured bag embedded with GPS.

5) Storing your Gold- Your gold is stored in secure bank lockers under bank-grade security and surveillance to ensure the utmost safety.

6) 100% Insurance Cover- While in our possession your ornaments have a 100% insurance cover from New India Assurance against theft or accident.

What is an LTV?

LTV abbreivated as Loan-to-Value Ratio is the financial term used by the lender to asses the risk of lending you a gold loan in Kolkata by determining the relationship between the loan amount and the value of the pledged collateral. Borrowers can ideally avail up to 75% of the value of the pledged gold as the loan amount. The loan amount that will be obtained by submitting the borrower’s collateral gold can be calculated online. Several lenders, including Rupeek provide this facility online.
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