The city named 800-acre Electronic city has dubbed the major capital of the world and is a large IT hub in Bangalore consisting of 200 famous and best IT and ITES companies within the region. This idea was first proposed by the R.K. Baliga with the plan of creating the Indian Silicon Valley. This area is almost connected to every locality and region in Bangalore and this is the most important and critical point for thousands of people and the employees who reside here and work here daily. It contains many companies having good reputations and high income having a highly sensitive nature. Due to this, it contains CCTV cameras for the security of the people. The prices here for the property are much and can say have reached the roof and this area thus has a very high cost of living. Thus, the gold loan in Electronics city is not a new concept for the people over here and becomes essential for them for their survival.
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:
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.
An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.
It wouldn’t take more than an hour for you to get your online gold loan. One of the specialties of an online gold loan is its speed. The funds will get disbursed into your account within one hour from the time of the loan application. To get an online gold loan, follow the given steps:
Usually, the request for the loan amount to the disbursal of the funds do not take more than an hour. A gold loan is one of the easiest and the smoothest ways to get emergency funds.
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