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Gold Loan in etmadpur

Etmadpur is a famous east agra suburban neighbourhood. It falls under the jurisdiction of the etmadpur assembly and parliamentary district of agra. The national highway 2 delhi - kolkata passes through the locality. During the mughal era, etmadpur was a kasbah, where food grains were harvested and sorted. The nearby towns are surehra, dharera, mitaoli, dhaurra and nawal pur. The nearest railway stations are the intersection of etmadpur and tundla. Ace college of engineering & management, anjali college of pharmacy & medicine, aditya college of law, anupama college of engineering, new st stephen public school, and aacharya tara chand shashtri mahavidyalaya are prominent educational institutions in this town. gold loans in etmadpur are very common with locals, owing to the speedy approval process.

What is an online gold loan?

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.

Benefits of an online gold loan

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:

  1. Low loan interest rates - the interest rates are less because of the security of the collateral.
  2. Minimal documents – the only documents that the borrower is expected to submit are the address proof and identity proof
  3. High-value loan – up to 75% of the market value of the gold can be obtained as the loan and in some cases, up to 90%.
  4. No upper limit – the amount that you can obtain is determined by the value of the pledged gold.
  5. No requirement of income proof – the borrower can be unemployed or have an irregular income and still get a gold loan.
  6. No requirement of credit history – the borrower can have a poor credit score or CIBIL score and still be eligible for the loan.
  7. Flexibility – a secured loan is more flexible than other sources of income. The borrower has a variety of repayment schemes to choose from.
  8. Speed – the whole transaction, from the loan application to the disbursement of the funds takes place within an hour.

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Frequently asked questions

Is there any maximum and minimum limit for availing gold loan?

When you want to obtain high loan amounts, a gold loan is the best option before you. When it comes to Rupeek, the least amount that you can obtain by pledging your gold is 15,000 rupees. The amount of loan that you can avail depends on your gold. As per the standard norms set by the industry, the borrower can obtain 75% of the market value of the pledged gold as collateral. For example, if you have kept gold worth 1 crore as collateral, you are eligible to get 75 lakhs as the gold loan amount. In some cases, the percentage can go up to 90%. The maximum amount that can be obtained at once by pledging your gold with Rupeek is 1.5 crores. 

What are the gold items I can pledge

All gold items which have the required purity i.e, 18 karat to 22 karat can be pledged. It includes gold ornaments such as chains, necklaces, haraams, mangalsutra, rings, bracelets, bangles, earrings, anklets, hip chains, cufflinks, coins, bars etc. However the purity of the gold item is what will determine the loan value. In that case gold bars and coins have higher levels of purity and might fetch higher loan amount. But some of the lenders in the market don't accept gold bars for a gold loan in Agra
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