Chandkheda is a well-developed company cum residential neighborhood in Ahmedabad, located west of the Sabarmati River. The area enjoys links to all areas of the city thanks to the Sardar Patel Ring Road and the Ahmedabad-Patan Highway Road. Since Chandkheda is close to the ONGC headquarters, the State Sales Tax Headquarters, and the Commercial Tax Commissioner, several officers from these offices tend to remain in this suburb rather than in the city's busy streets. This has contributed, over the years, to the expected growth of the city. The neighbourhood, including the Railway Community, has many subsidized housing initiatives and government colonies. The city is lined with shopping centres, childcare centers, eateries, and education establishments. Not unexpectedly, many people take up gold loans in Chandkheda to invest in residential properties there.
When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:
As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.
One of the highlights of availing an online gold loan is that it can be done end-end right from the comforts of your home! Once you have placed your loan request, a Rupeek executive will arrive at your doorstep to value your gold. If need be, you can verify the authenticity of the executive in the following ways:
In-app verification - Once the executive reaches your premises, an OTP will be sent to your number which the executive will then enter on his app to verify the match.
ID Card - The executive will display his identification card issued by Rupeek
ID Proof - On demand, the executive will display a government ID proof
If you are looking to avail a high loan amount at low-interest rates, a gold loan would be your best choice. At Rupeek, the minimum and maximum amount that you can avail are as follows:
1) Minimum Loan Amount- The minimum loan amount you can avail is 15,000 Rupees. This implies that the market value of the gold you are pledging needs to be a minimum of 20,000 INR because as per the standard norms set by the industry the borrower is eligible to receive about 75% of the market value of the collateral. In some cases, this can go up to about 90%.
2) Maximum Loan Amount- The maximum loan amount that can be availed is 1.5 crores.
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