Dhaula Khan is an important intersection that connects 5 checkpoints in the zone in Delhi. The locality gets its attractive and unique name from an ancient water well. People assumed that it was filled with white- coloured sand. It is nestled between Chanakyapuri and the Delhi Cantonment. Chanakyapuri is an important residential hub that houses several embassies whereas Delhi cantonment houses many military personnel and their families. Some of the prestigious educational institutes such as The Army Force School, The Army Public School and The Gold School are located here. It is well connected to other places via the Delhi metro route between Connaught Place- Airport Line. People often avail gold loans in Dhaula Khan to invest in the yellow metal and use it for investing in real estate.
A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:
Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.
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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