In North Goa, Colvale is a town that is famous for being a part-destination. The city is situated similar to other Goa 's top party regions, such as Calangute, Baga, and Candolim. The town is flanked on one side by the Chapora Dam. Colvale has acted as an important trading centre for Portuguese, Maratha, and Dutch trade in the past. Even today, through the Murdoshi (lady fish) and Cashew Liquor (feni) trade, the city earns a large part of its revenue. The town provides people with all manner of facilities. Gold loans in Colvale are readily accessible to locals who want to satisfy their criteria for personal and commercial funds. The Church of Colvale dates back to 1591 and is one of the town's biggest attractions.
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.
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:
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.
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