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Dharavi is one of the most densely populated areas in the world. This locality in Mumbai, Maharashtra is considered to be one of Asia’s largest slums. This locality has an active informal economy in which numerous household enterprises employ many of the slum residents. The working groups prefer to avail gold loans in Dharavi for sustaining their livelihood. The majority of this locality’s residents practice Hinduism, followed by Islam, Christianity, and Buddhism. Dharavi is a large area situated between Mumbai's two main suburban railway lines, the Western and Central Railways and exports goods around the world. The low-rise building style and narrow street structure of the area make Dharavi very cramped and confined. Dharavi's popularity is because of its proximity to the Western and Central railway lines. Dharavi is surrounded by Mahim, Bandra, Antop Hill, and Matunga. Dharavi was most notably used as the backdrop in the British film Slumdog Millionaire.
An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.
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:
Loan Amount
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Gold Weight
Gold Purity
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Repaying a gold loan is just as easy as applying for one. However, repayment schemes do differ from one lender to another. Certain lenders allow you to make your repayment at the end of your loan tenure, whereas some others require you to pay it in part as EMI. This payment can be made via cash, cheques, DDs, or Cards. Repayments with Rupeek are made as easy as ABC! This can be done either on the payment portal or the app. All you'll have to do is log in using the OTP sent to your registered mobile number, navigate to the payment page, and complete your repayment.
Repaying a gold loan is just as easy as applying for one. However, repayment schemes do differ from one lender to another. Certain lenders allow you to make your repayment at the end of your loan tenure, whereas some others require you to pay it in part as EMI. This payment can be made via cash, cheques, DDs, or Cards. Repayments with Rupeek are made as easy as ABC! This can be done either on the payment portal or the app. All you'll have to do is log in using the OTP sent to your registered mobile number, navigate to the payment page, and complete your repayment.
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