Dalal Street is downtown in Mumbai. It is known for being Asia’s oldest and India’s first stock exchange, The Bombay Stock Exchange. This neighborhood is a hub of several related prestigious firms and institutions. Being a business area, people often rely on loans and apply for gold loans in Dalal Street. The Bombay Stock Exchange building is situated at the intersection of Hammam Street and Samachar Marg. Other than BSE, the area also houses the Bombay Mutual Chamber, Punjab & Sind Bank, and Zonal Office, Veena Chambers, and branches of IndusInd Bank and Union Bank of India. This street was established in 1874 and often addressed as India’s version of US Wall Street.
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.
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