Cavelossim, located in the South Goa district, is a coastal community. The village is renowned for its beach, which begins in the south from Cavelossim and enters Majorda in the north. The beach at Cavelossim is known for its unusual black lava rocks that give a contrasting view of the white sands. In addition to its natural elegance, because of its peaceful atmosphere, many visitors enjoy visiting this beach. Among the famous beach activities at Cavelossim are swimming and dolphin sighting. There are also quite a few shacks and eateries at the beach which serve tourists.The owners and staff of these business establishments also use gold loans in Cavelossim during the off season to cover regular expenses. The village is situated approximately 17 km away from Margao, the headquarters of the district.
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:
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:
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.
The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!
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