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Gold Loan in Dhantoli

Dhantoli is in the indian state of Maharashtra, in nagpur. The city is highly heavily inhabited. The city is comprised of a vast number of hospitals and institutions making it one of nagpur's busiest regions. The famous sai baba temple is located near the well-known surender deo park, in this city. Also in this area the famous yashwant stadium was built. This neighborhood is now a well-known commercial centre, and was historically considered an upmarket suburban area. The region is home to some of india's top executives, such as citigroup ceo vikram pandit and former bcci president shashank manohar. Starting a company here in dhantoli is simple with gold loan. The national environmental engineering research institute (neeri) is situated just 2km from this place and is easily reachable.

Documents required for an online gold loan

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.

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. 

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Frequently asked questions

What can I do if my lender is charging high interest?

The terms of your loan will be discussed in detail and the lender will only proceed if both the borrower and the lender agree with the terms. However, if you feel like you have been taken for a ride, you always have the option of transferring your loan from your current lender to another lender. Most lenders offer the facility to transfer the gold loan transfer facility if you have a consistent history of repaying the loan amount. Certain lenders like Rupeek takes care of the entire transfer process in case you want to process a balance transfer for an existing loan from your current gold loan company to Rupeek. Check out our loan transfer page for more details.

How is gold appraisal done at home for online gold loan?

One of the several benefits of availing a gold loan is that the lender’s representative comes to your doorstep for gold valuation. This lender appointed loan manager will weigh each of your gold ornaments and enter the price/weight details on their system. It is noteworthy that this gold needs to be in the form of jewelry or ornaments and not gold coins or bars. The loan manager will also verify the quality of your gold through industry-standard tests done in front of you. These details are then passed on for approval to our team who will respond shortly after the submission.&nbsp

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