Dharmaram is a town in telangana state's dharmaram mandal, karimnagar district. It is situated approximately 40km away from the karminagar district headquarters. Jagtial, ramagundam, mancherial, and karimnagar are some of the closest towns in dharmaram. Telugu is the local language in this region. Many temples such as ramalayam temple, hanuman temple, sri venkateshwara swamy temple and ayyapa swamy temple are located in the town. Some of this town's famous colleges are sadhana junior college, swamy vivekananda degree college, and harish tavera college; Thanks to gold loan facilities in dharmaram, residents of this town do not face any difficulties in inducing their students into these colleges. The town is popular for mangoes, and there are several parks or gardens where the fruit is cultivated.
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:
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.
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.
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