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Gold Loan in Burari

Burari in Central Delhi plays a host as a constituency that chooses the representatives to a legislative body. This zone also has a historic legacy to it, given the presence of a temple dedicated to Lord Shiva, stemming down from the times of Mahabharata. The illustrious tale of Arjuna offering his devotion to Shiva to conflagrate Indra Prastha circles around this wondrous geographical location. Connected with a plethora of commuting options like DTC buses, private minibuses, Gramin Sewa Vehicles along with Ola and Uber cabs, this is one of the finest residential zones. It bcomes quite obvious for an individual to seek for gold loan in Burari to meet his or her aspirations.

What is an online gold loan?

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:

  1. Low rate of interest
  2. High-value loans
  3. Minimal paperwork
  4. Flexible repayment options
  5. Instant loans etc.

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.

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

Can I increase my loan amount after taking the loan?

It is possible to increase the loan amount after a loan has already been obtained by pledging the gold of the borrower to get a gold loan in Delhi. The borrower will be able to get funds based on the current rate of gold. As the borrower submits the remaining collateral with the lender, the lender will disburse the rest of the funds to the borrower’s bank account. Rupeek offers much flexibility for the gold loans that it offers. If there is any adjustment that the borrower would like to resort to, Rupeek will make sure that it sees to it. 

Which cities is Rupeek currently operational in?

At Rupeek, we understand that every loan applicant will have a different financial need and varying levels of urgency. At Rupeek, we ensure to serve each of these urgent loan requirements. Rupeek takes extreme pride in it’s fast, fair, and flexible loan services. Irrespective of whether or not you have all the required documentation or a healthy credit score, Rupeek ensures to have a solution for everybody. Which is how we have catered to about one lakh happy customers across the country! Here is a list of all the cities we currently operate in- 

  1. Bangalore
  2. Mumbai
  3. Delhi
  4. Chennai
  5. Kolkata
  6. Ahmedabad
  7. Pune
  8. Hyderabad
  9. Surat
  10. Jaipur
  11. Coimbatore

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