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Gold Loan in hindpiri

Hindpiri is a small village or a hamlet popularly situated in chanho block in jharkhand state ranchi district, India. It falls in under panchayath hindpiri. The nearest cities of hindpiri are churi, lohardaga, patratu, ranchi. Local language here is hindi. Hindpiri is known for the handicrafts, small-scale and cottage industries, which are run very prominently in the villagers' residences. People's literacy rate and employment rate was relatively lower than other cities in the region. gold loan in hindpiri helps people to build greater financial and educational opportunities, thus raising the city's overall quality and increasing per capita revenue.

Eligibility criteria for an online gold loan

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. 

Benefits of an online gold loan

The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!

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Frequently asked questions

Do I need to update the bank in the event of a change in address due to relocation or any other reason?

Yes, it is mandatory for you to inform the lender in the event of you shifting your house or changing your location after the loan has been placed. This is important, since your identity proof is one of the only two mandatory documents you have to submit before you are sanctioned a gold loan in Ranchi. Besides, since your loan is online, it is an official from the company who will come to your address for further requirements, such as the closing of the loan. The representative from the company may even come to your new address soon after you notify them for security reasons. 

What are the benefits of a gold loan?

There are many benefits that are unique to a gold loan. The security of the pledged collateral makes the borrower eligible for loans that they otherwise wouldn’t be able to enjoy. Some of the benefits that are exclusive to a gold loan are listed as follows: 1. Low rate of interest 2. Minimal paperwork 3. High-value loans 4. Flexibility in repayment options 5. Quick disbursal of funds In some cases, it is also possible to get an online gold loan just by presenting the Aadhaar card of the borrower. The disbursal of the funds is so quick that within an hour from the loan application, the amount will get transferred into the borrower’s account.

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