Hyderabad is a historic city known for its long line of rulers such as the Mughals, Qutb Shahi dynasty and Nizams. Post-independence, this city was named as the capital of Andhra Pradesh and later the same city was termed as capital for the new state, Telangana. After the discovery of diamonds in Golconda Fort, the city had a powerful history as an economic powerhouse in the world. Subsequently, it became a trade house for diamonds, making the former Nizam an affluent person across the world. The city is predominantly admired for its monuments, which are based out on Mughal culture and it is also renowned for its places of worship. This leads to achieving great amounts of revenue from the tourism sector. Other than this the city also receives benefits from the manufacturing and service sectors. The people mostly prefer taking gold loans in Hyderabad so that they can expand their business. The popular places of sightseeing includes Salar Jung Museum, Chowmahalla Palace, Charminar, Hussain Sagar and Birla Mandir.
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
2) Address Proof- Documents that serve as identity proof include but are not limited to:
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!
Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:
Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.
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