sub_locality
Chennai
ekkaduthangal
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

banner bg
0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in ekkaduthangal

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.
Today's maximum loan value/gm **
max LTV

Last Updated :

Last Updated :

Gold Loans at the privacy of your home

lender banks
+91
Please enter valid Mobile Number

Eligibility criteria for an online gold loan

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:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

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:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

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.

Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

1) Identity Proof- Documents that serve as identity proof include but are not limited to:

* Voter's ID

*PAN Card

*Aadhaar Card

*Passport

*Driving License

2) Address Proof- Documents that serve as identity proof include but are not limited to: 

*Aadhar Card

*Passport

*Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!

Rupeek ad

Gold Loan Calculator

Hear what our customers say

We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.

4.6+ star
4.8 star
4.4 star

Your Gold Loan is just a click away!

Please provie a valid name
+91
Please use a valid mobile number

Frequently asked questions

What are the documents that I need to submit while applying for a gold loan?

Gold loans come equipped with several benefits. One of the most important factors that make gold loans so flexible is the fact that it only requires minimal documentation to be eligible for a gold loan. The only KYC documents required are any form of proof of identification and address proof. This includes:

1) Aadhar Card

2) PAN Card

3) Voter's ID

4) Passport

5) Utility Bill

6) Lease/Rental Agreement

 This minimal documentation requirement makes it easy to avail gold loans. Unsecured loans demand several documents to prove your income profile whereas a secured loan can be obtained with just the Aadhaar card.

How is the market value of gold determined?

Gold is a key player when it comes to international trade. While money value keeps fluctuating, the value of gold has never dipped below zero in its 3000-year history. Many factors determine loan interest rates. A few of them are listed below:

1) Local production and demand for gold

2) Inflationary rates

3) Government's gold reserve

4) Import and interest rates

5) Taxes 

6) Levies

7) Global demand for gold

Gold value is so volatile because of these several factors that affect it. To know the current gold loan rate, you can check out our gold loan calculator.

Rupeek ad

Apply now for 30 minutes doorstep service#

+91
Please enter valid Mobile Number
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