Cheranmahadevi is a panchayat town, located in tirunelveli Tamil Nadu district. The town sits on the right side of the thamirabarani river, about 20 km from the town of tirunelveli. Cheranmahadevi includes many ancient temples in and near it. Some of the famous temples which attract pilgrims and tourists alike are the vaidhyanatha swamy temple, the ammanatha swamy temple, the murugan temple (in kolunthara malai), and the bakthavachala vishnu temple. The town is situated at the strategic junction of the road between cheranmahadevi-panagudi and tirunelveli-shencottai. The citizens of this town always make use of gold loan in cheranmahadevi to set up their business. The tirunelveli district administration sub collector's office is located in this area. There are many reputed educational institutions in cheranmahadevi too.
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:
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.
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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