Ekkaduthangal is a commercial area in Chennai, also known as Ekkattuthangal. It is encircled by areas such as Ramapuram, Guindy, and Jafferkhanpet. There are several factories involved in welding, lathes, and milling in Ekkaduthangal. The neighborhood is adjacent to Kathipara Junction, which acts as Chennai's central point and connects Chennai Central Railway Station, Chennai Mofussil Bus Terminus, Sriperumbudur and Chennai International Airport. Less than 3 km from the neighborhood is the Guindy Industrial Park. The area services the Chennai Metro railway station. Ekkaduthangal has been undergoing fast growth due to the ease of connectivity and proximity to IT parks like Thamarai Tech Park and Olympia Tech Park. The availability of gold loans in Ekkaduthangal also allows people to overcome their financial restrictions and concentrate on expanding their companies.
An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.
When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:
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