Gold loan in hajira, Surat

Q: Can I close the gold loan earlier than intended?

Yes you can close the gold loan in cityname earlier than the tenure as long as your lender has no lock-in period or prepayment penalties in place. Whereas some other lenders might have small penalties ranging up to 200 rupees if you wish to foreclose your loan account 3 months or 1 month before the lock-in period set upon the respective lender's discretion. The penalty also depends upon your loan amount. However, Rupeek does not levy any amount from its borrowers if they wish to close their loan account prematurely. Rupeek always makes sure that its borrowers are provided with the most convenient and hassle-free options regarding their gold loan in cityname .

Q: Are banks or NBFCs better for availing gold loan

If you are looking for a gold loan in cityname but find yourself confused about the source from where to procure the funds, it is important to understand the pros and cons of each source. Since there are many lending institutions today that supply funds both offline and online, they all have their specific list of advantages and disadvantages. While banks and NBFCs look like the obvious choices, the borrower has to evaluate both of the sources with respect to their financial status. Banks usually take a longer time to process the loan, to verify the CIBIL score and they also offer lower LTV and have a strict EMI model. On the other hand, although NBFCs offer higher Loan to Value ratio , they charge higher interest rates.

Gold Loan in hajira

Hazira is an industrial suburb, situated in the west-most point of the city of Surat. The place is one among the major ports of India and a chief part of the Surat Metropolitan Region. It comprises prominent industrial companies including Essar group, Shell Petroleum, ONGC, Gujarat State Petroleum Corporation, Larsen & Toubro, GAIL and UltraTech Cement. The place can be easily accessed from other regions by bus and rail facilities. The people of this locality engage in various types of occupation. Business groups mostly rely on gold loans in Hazira for managing their financial needs.

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As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-

1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.

2) You must be an independent major, that is of the age 18 or above

3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.

4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)

It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days.

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!

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Hear what our customers say

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

Keerthana Vasudev

Boutique Owner
29 years

I was paying double the interest with my earlier Gold loan company. I shifted to Rupeek and saved more than Rs. 40,000 due to Rupeek’s low interest rate. Thank you Rupeek.

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Aniket Chavan

Employee, 35

2 months ago

Excellent experience the team was completely educated about covid-19 and took all the precautions. Good communication and supportive nature.

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Kiran Gowda

Franchise Owner, 33

2 months ago

Very good interest rates. I was paying double the interest in my previous gold loan company. Shifting helped me save Rs. 40,000. The branch is also near my place.

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Mani G

Shop owner, 37

2 months ago

I m very happy with the Rupeek schemes. Also the Loan Manager is supporting and helped me with understanding all processes as well.

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Pradeep N

Retail Business, 35

2 months ago

I am very happy to be associated with Rupeek, they have a transparent process and there is no hidden charge of any kind.

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Tabish Helal

Business Owner, 48

2 months ago

Excellent service. Received what was promised with complete transparency and hassle free service.

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Akshay Sangle

Restaurant Owner, 36

2 months ago

The best trustworthy service with easy loan transfer system, Rupeek is safe and genuine.

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Yes you can close the gold loan in cityname earlier than the tenure as long as your lender has no lock-in period or prepayment penalties in place. Whereas some other lenders might have small penalties ranging up to 200 rupees if you wish to foreclose your loan account 3 months or 1 month before the lock-in period set upon the respective lender's discretion. The penalty also depends upon your loan amount. However, Rupeek does not levy any amount from its borrowers if they wish to close their loan account prematurely. Rupeek always makes sure that its borrowers are provided with the most convenient and hassle-free options regarding their gold loan in cityname.

If you are looking for a gold loan in cityname but find yourself confused about the source from where to procure the funds, it is important to understand the pros and cons of each source. Since there are many lending institutions today that supply funds both offline and online, they all have their specific list of advantages and disadvantages. While banks and NBFCs look like the obvious choices, the borrower has to evaluate both of the sources with respect to their financial status. Banks usually take a longer time to process the loan, to verify the CIBIL score and they also offer lower LTV and have a strict EMI model. On the other hand, although NBFCs offer higher Loan to Value ratio, they charge higher interest rates.

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