close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Gold Loan in Dehradun

Dehradun is the winter capital of Uttarakhand. The Himalayas providing the most picturesque backdrop to it in the Doon Valley, Dehradun rests at a height of 1467 feet above the sea level. The city is located 243km north of New Delhi. Dehradun Institute of Technology, Forest Research Institute, Wildlife Institute of India, Doon School, St Joseph’s Academy, Welham Girls’ School are some of the most prominent educational institutions that the region is home to. Being a beautiful and serene city atop the mountains, Dehradun’s primary source of revenue comes from tourism. The major tourist spots in Dehradun that attract the tourists from around the world include Sahastradhara, Robber’s Cave, Tapkeshawar Temple, Tiger Falls, Tapovan, and Mindrolling Monastery. The city is also home to several manufacturing units and offices of well-established companies such as Serco, Genpact, Aptara, Spice Digital, etc. Some of the major festivals that are celebrated with many festivities in the region are Kumaoni Holi, Jhanda Mela, and Magh Mela. To meet the urgent fund requirement, the people rely on gold loans in Dehradun.

What is an online gold loan?

Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:

  1. Low rate of interest
  2. High-value loans
  3. Minimal paperwork
  4. Flexible repayment options
  5. Instant loans etc.

Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.

Eligibility criteria for an online gold loan

As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-

1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.

2) You must be an independent major, that is of the age 18 or above

3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.

4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)

It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days. 

Rupeek ad

Gold Loan Calculator

Frequently asked questions

In case of default, when will the gold jewellery be auctioned off?

Your gold collateral will be auctioned off after 30 days from the end of the loan term. If the lender has arrived at a situation where he has to auction off the gold, it will only be carried out after informing the borrower. Any requests that the borrower would like to make in that event will be dealt by the lender on a case to case basis. In order to avoid these unfortunate circumstances after sanctioning the loan, the borrower has to make their EMI payment the first priority on their list. Even before entering into a contract with the lender, the borrower has to carefully evaluate the options available for them and come to a conclusion regarding a loan scheme after careful deliberation. The borrower has to consider the weight of the EMIs as well as the personal expenses on his pocket before opting for a scheme.

Do I need to update the bank in the event of a change in address due to relocation or any other reason?

As a borrower, you are required to submit address and identity proof before being eligible to avail the loan. This is primarily to ascertain your nationality, as well as to keep track of your whereabouts in case necessary. Hence, if you happen to shift your place of residence during the tenure of your loan, you are required to promptly inform your Rupeek executive in-charge. If necessary, your loan manager will schedule a visit and visit you at your new address. If not, your new address will simply be updated in our records provide you submit a proof of address online. 
Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly