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Gold Loan in dhone

Dhone also known as dronachalam is in andhra pradesh's kurnool district. The town gets its name from the teacher dronacharya, a character in the mahabharata who reportedly was meditating on a village hilltop. Now stands a hanuman temple, a dargah and a church on the listed hill, which shows us the town's religious diversity and tolerance. It happens that dhone railway station is the largest railway station in the kurnool district. The city also has big, high-quality limestone deposits. A limited proportion of the population is involved in mining the aforementioned mineral, they depend on gold loans to fund these operations. The town of dhone is expanding rapidly and has recently developed a flyover.

Documents required for an online gold loan

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:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

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.

What is an online gold loan?

An online gold loan is the most hassle-free form of instant credit. It owes its popularity to the array of flexible features it comes with. It comes with extremely relaxed eligibility criteria, high loan amounts at low-interest rates! Sounds like the perfect package doesn't it? Well, it gets better. There is no set upper limit on your loan amount. This completely depends on the value of your gold. Ideally, lenders approve up to 75% of the market value of the collateral. However, at times it can even go up to 90%! It is noteworthy that this market value does not refer to the prevailing market price. The lender arrives at the gold valuation by taking an average of the gold gram rate from the past 30 days. The borrower can avail the loan right from the comforts of his/her home by downloading the app and placing a loan request using just the Aadhar card as document proof! A lender appointed representative will then visit the borrower's house for gold valuation and post which the loan amount will be transferred within 10 minutes. The entire process end-end takes only about an hour!

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Frequently asked questions

How to repledge my existing loan?

Each lender has separate terms and conditions for repledging an existing loan. At Rupeek, if you want to continue an existing gold loan in Kurnool and repledge the jewels, please contact our customer support team, who will guide you through the process. You can get in touch with the support team of Rupeek online as well as offline. To get the support online, you can contact them through the app or visit the web portal of Rupeek. You can seek assistance offline by calling at the customer care desk. A loan manager will promptly be assigned to you, with whose help you can repledge your exisitng loan.

Is a guarantor or introducer required for availing a gold loan? Do I need to open an account with a bank?

For most companies, including Rupeek, a guarantor is not a requirement to avail of a gold loan in Kurnool. When it comes to secured loans, there is a minimum requirement that the borrower has to meet. This is because the security of the collateral allows the lender to provide several benefits and flexibility to its borrowers. But a bank account is necessary even in the case of a secured loan. This is because a secured loan requires its borrower to hold a bank account to which the loan amount can be disbursed. It is also through this account that the borrower is expected to repay the loan amount.

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