In the eastern portion of Bangalore, an industrial, as well as residential locality named Domlur, is situated. The region is bordered by HAL, Ulsoor, Old Airport Road, Kodihalli, and Indira Nagar. Army Service Corps and Indian Air Force are the prime attractions when it comes to defence establishments in this area. In entire East Bangalore, this region is considered to be the safest place. Along with public parks, there are various posh apartments like Ranka Heights, LGCL High Street, and Saravana Natasha Golf View. A major portion of people living in this area work in the leading IT companies in Bangalore. Domlur is very well-connected with the other portion of Bangalore through the Intermediate Ring Road, Old Airport Road, and MG Road. In the close vicinity of Domlur, there are two metro station in the Purple Line, namely, Halsaru and Indira Nagar. The nearest railway station is the Krantivira Sangolli Railway Station. In order to meet sudden cash requirements, people opt for a gold loan in Domlur.
As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.
An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.
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