Dumas Road is not only a prime road but also a shopping zone in Surat. The beginning of this road is from the Athwa Gate Circle on Ring Road and it ends at the Dumas Beach that is located along the Arabian Sea. Dumas Road is filled with several industrial establishments to match the urban world. It is a common sight to find business consultants, restaurants, hotels, banks, etc. along this road. Central Mall, VR Surat, and Rahul Raj Mall are the most prominent and trending shopping malls on Dumas Road. The place is a huge attraction for shopping enthusiasts. Individuals as well as business organizations often apply for a gold loan in Dumas Road in order to satisfy their business needs. Surat Railway Station is at a distance of 13 km from Dumas Road, while Surat Airport is only 3.5 km away.
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:
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.
As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-
1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.
2) You must be an independent major, that is of the age 18 or above
3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.
4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)
It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days.
All kinds of loan repayment options can be done and completed online. No matter what type of repayment of the gold loan in Surat it is that the lender wants to complete, it can be done online. The repayment option that the lender is resorting to complete online can include:
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