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 dum dum

Popularly described as the gateway to the northern part of Kolkata, Dum dum is regarded as a residential and commercial hotspot. This is because of fo the proximity of the place to the Dum dum Junction railway station, Dumdum Metro, and Kolkata International Airport. Dum dum is also surrounded by other prominent localities including Kaikhali, Salt Lake, Madhyamgram, Rajarhat, Nagerbazar, Baguiati, and Lake Town. VIP Road, Jessore Road, and Belghoria Expressway are the three major roads in the area. Dum dum also hosts some of the best schools in North Kolkata, such as Auxilium Convent School, Calcutta Airport English High School, St. Stephen's School, and Christ Church Girls High School. The biggest shopping mall in the area is Diamond Plaza. Thanks to its proximity to major employment destinations such as Kolkata City, gold loans in Dum dum are constantly applied for by the people to book or rent some property.

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.

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.

Rupeek ad

Gold Loan Calculator

Frequently asked questions

Can I transfer my loan from my existing lender?

Yes! You can transfer your existing loan from another lender to Rupeek. There are several reasons why a borrower might choose to transfer their loan. It could be because of lower interest rates, higher per gram rates, enhanced gold security, or more flexible repayment options. If you are looking to transfer your existing loan, all you'll have to do is request for the renewal amount and Rupeek will take it from there. If you transfer your loan to Rupeek, rest assured it entails maximum security for your gold and flexible repayment options. Please visit our loan transfer page for more details

Can I get an interest-free gold loan?

No, a zero-interest gold loan does not exist in the country. This is because, like any other financial institution, a gold loan lender is also looking to earn profits out of the business. The interest that is charged by the lender on the gold loan in Kolkata is what constitutes their profit. Lower interest rates are what attract a borrower towards a lender and for this reason, lenders compete to offer the lowest interest rates in the market. The interest rates depend on a variety of factors that include the loan term, the loan amount, etc. Since different lenders offer different interest rates mist online gold loan lenders provide a gold loan calculator online where the borrower can calculate the interest rates and make an informed decision regarding the procurement of the gold loan in Kolkata.
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