One might find it amusing to know that Bhubaneswar, the capital city of Odisha gets its name from the term Tribhubaneswara, which denotes the Lord of the three worlds. The city might not be bringing three worlds together in the quintessential sense but it does present a beautiful amalgamation of nature, history and modernization. It is said that the region came into existence in the 7th century. Bhubaneswar along with Konark and Puri forms the Golden Triangle of the east. It is surprising to know that Bhubaneshwar, a city that houses ancient monuments that are deeply rooted to traditional Indian architectural styles, was actually designed by a German architect Otto Königsberger in 1946. Bhubaneshwar is marching towards economic progression after leading IT Majors like TCS, IBM, Wipro and Ericsson set up their offices in the city. Investing in gold is a cultural and economic practice that has been followed for many generations in Bhubaneswar. Hence, many people depend on gold loans. Some of the must- visit heritage sites include the Lingaraj Temple, Parasurameswara Temple, Rajarani Temple, Mukteswar Temple and Ananta Vasudeva Temple.
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!
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.
All kinds of loan repayment options can be done and completed online. No matter what type of repayment of the gold loan in Bhubaneswar it is that the lender wants to complete, it can be done online. The repayment option that the lender is resorting to complete online can include:
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