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Gold Loan in chakulia

Chakulia is a small rural area and a notified district located in the state of purbi singhbhum in jharkhand province, India. Located on the lower dalma hills regions, this spot is popular for its spectacular scenery and ranchers' lush, luxurious area. Chakulia is popular with south east chemical/hindustan soap factory for its detergent and soap powder, and is also known for bamboo agriculture. Chakulia is connected by rail and road, and is situated on the howrah-mumbai railway. It is also one of jamshedpur and kharagpur's main financial centers. In addition, chakulia has an airfield that was intensively used during world war ii: chakulia airport. Instant chakulia loans help people get funds immediately.

Benefits of an online gold loan

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!

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 a gold loan taxable?

Whether or not the gold loan is taxable depends on the reason behind the procurement of the funds and where it is to be invested. If the gold loan is procured for business purposes, it is taxable. On the other hand, if the funds have been obtained for other uses that consittute personal use, such as medical emergencies, house renovation, to sponsor an event or to throw a marriage function, then the borrower cannot claim tax deduction. If the loan has been procured for your personal use, there can be tax deduction. Only as long as it has been procured for business purpose, there is tax deduction.

How do I make an interest payment?

The main reason gold loans in Jamshedpur are availed is because of its flexibility. Almost all vendors provide online payment for interest. Making the interest payment online for Rupeek is a very simple process. It can be done in a matter of three easy steps. 

 ->Login to website portal/app

->Navigate to the 'Pay interest' tab

->Continue to make the payment method as per your solution

In the unlikely event that you face any difficulty in making your interest payment, you can always reach us on our customer care number. We are just a call away and would be happy to assist you!

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