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 dharmaram

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.

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

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:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

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:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

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.

Rupeek ad

Gold Loan Calculator

Frequently asked questions

Can I avail EMI facility on gold loan?

Yes, you are eligible to leverage an EMI facility on your gold loan. Especially since Rupeek is designed to provide affordable solutions for borrowers from all walks of life, it offers EMI along with monthly reminders if you wish to avail that feature. EMI refers to the payment that you make each month to your lender for the loan you have received against your gold. This EMI component includes both the principal amount coupled along with the compound interest. Most times, while applying for an online gold loan in Warangal you can simply use the gold loan calculator and check the EMI applicable for your loan amount. 

How does gold loan work?

To take out a loan against gold, you must pledge your gold ornaments to the lender. This gold is valued first, and then a loan amount against the pledged gold is fixed. A self-evaluation can also be done with a gold loan calculator online. Once the loan is disbursed, the borrower will have to complete the repayments within the loan tenure, after which, the collateral is returned to the borrower. An online gold loan is the easiest to procure among all types of sources of funds. It is the ease with which an online gold loan can be procured that makes it the most popular in the market. There are also various benefits that are exclusive to an online gold loan.
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