Chitvel is a big village in Andhra Pradesh, in the kadapa chitvel mandal district. It is classified within the revenue division of rajampet. The village's central governing body is governed by a sarpanch. Chitvel has a 67.75% literacy record. A very small number of the people living in this village earn their living by working as farmers. while many people in the village do jobs during the year, a small part of the population continues to make a living for fewer than six months a year. Such people also rely on gold loans to sail through the months of no job and financial crisis in chitvel.
When a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.
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:
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