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Gold Loan in Chandigarh

Chandigarh, a union territory and the capital city of the two neighbouring states, Haryana and Punjab, is located 260kms north of Delhi. Chandigargh is the first extensively planned city in India, for which the foundation was laid by the esteemed Swiss-French architect, Le Corbusier. The place is a perfect blend of modern architecture and culture. Most of the government establishments have been constructed in a manner that they reflect the distinctive architectural style of Chandigarh. In an effort to preserve cultural significance, UNESCO declared the Capitol Complex as a World Heritage Site, which comprises the Legislative Assembly, Secretariat, High Court, the Rock Garden, a lake and three other monuments. The group of forests located in and around the city provides shelter to several animals like the Sambar deers, Peacocks and other wild species. Majority of the residents and business groups highly depend on gold loans in Chandigarh, so as to manage their financial requirements. The celebrated tourist attractions of the city include the Rock Garden, Rose Garden, Butterfly Park, Garden of Palms, Government Museum and Sukhna Lake and the Garden of Silence

Documents required for an online gold loan

A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.

Benefits of an online gold loan

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.

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Frequently asked questions

Can I get immediate cash with gold loan?

Yes, you can get immediate cash with a gold loan in Chandigarh with the help of Rupeek. One of the most attractive features of all online gold loans in Chandigarh, including Rupeek is that the gold loans can be obtained instantly. Within minutes from the approval of your loan, the loan amount will get disbursed into your account. If you are looking for immediate funds or emergency loans, then applying for a gold loan in Chandigarh is your best bet. The security associated with a collateral-based loan such as a gold loan allows the lender to provide the borrowers with many benefits. The whole process when acquiring an online gold loan in Chandigarh, from the loan application to the disbursal of the amount, does not take more than an hour. 

What are the benefits of a gold loan?

There are many benefits that are unique to a gold loan. The security of the pledged collateral makes the borrower eligible for loans that they otherwise wouldn’t be able to enjoy. Some of the benefits that are exclusive to a gold loan are listed as follows: 1. Low rate of interest 2. Minimal paperwork 3. High-value loans 4. Flexibility in repayment options 5. Quick disbursal of funds In some cases, it is also possible to get an online gold loan just by presenting the Aadhaar card of the borrower. The disbursal of the funds is so quick that within an hour from the loan application, the amount will get transferred into the borrower’s account.

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