Due to its proximity to the International Airport of Jaipur, Durgapura of South Jaipur is a rapidly developing residential neighbourhood. Bajaj Nagar, Sitabari, Mansarovar, Sujatnagar, and Surajpura all border the town. The Jaipur Jodhpur National Highway as well as Tonk Road are the two essential roads here and the nearest railway station is situated in Durgapura itself while Mansarovar and New Aatish Market are the nearest metro stations. The neighboring central employment hub is on Ajmer Road. Industrial areas like Sitapura and Jhotwara are the closest. Rajasthan Agricultural Research Institute, International Horticulture Innovation, and Training Center, I.G.M. Senior Secondary School, and Vikas Vidya Mandir Sr. are the most prolific institutions of higher learning nearby. Residents often need immediate funds and utilize money from gold loans in Durgapura.
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.
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.
Your request has been received, our customer relationship manager has been notified and will call you shortly