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

Gold Loan in Fatepura

In the town of Vadodara in Gujarat, Fatepura is a village in the Dahod district. One of Gujarat's 182 assembly constituencies is the Fatepura assembly constituency. This seat is reserved for Scheduled Tribes representatives and the seat came into being after delimitation in 2008. In this region, the local spoken language is Gujarati. While barely settled, both in population count and in literacy rate, the area observes male supremacy. This area is not very financially powerful, but residents, a tendency towards gold loans in Fatepura can be observed. There are lush green fields and temples in this place where people go to give their prayers.

Gold Loans at the privacy of your home

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Benefits of an online gold loan

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.

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.

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Frequently asked questions

How long will it take for me to get my gold loan?

Not only is our process to apply for gold loan quick and easy, but our loan disbursal is too. When you apply for an online gold loan with Rupeek, you can expect instant loan disbursal after the KYC documents have been verified and the loan agreement has been signed, which can all be completed in 30 minutes. Not only is our process to apply for a gold loan quick and easy, but our loan disbursal is too. When you apply for an online gold loan with Rupeek, you can expect instant loan disbursal after the KYC documents have been verified and the loan agreement has been signed, which can all be completed in 30 minutes. You can take the loan both online as well as offline. The borrower can download the app and place a request. A request can also be placed by calling their customer care desk. A company official will then shortly show up at your doorstep to validate the documents and the gold. After the successful verification, the loan is approved. Immediately the loan amount will be transferred. The whole process doesn’t take more than an hour.

How do I know if the executive is authentic while applying for an online gold loan?

One of the highlights of availing an online gold loan is that it can be done end-end right from the comforts of your home! Once you have placed your loan request, a Rupeek executive will arrive at your doorstep to value your gold. If need be, you can verify the authenticity of the executive in the following ways:

In-app verification - Once the executive reaches your premises, an OTP will be sent to your number which the executive will then enter on his app to verify the match.

ID Card - The executive will display his identification card issued by Rupeek

ID Proof - On demand, the executive will display a government ID proof 

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