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Gold Loan in hydershahkote

Hydershakote is a township of cum village situated in the telangana district of hyderabad. The field falls under the mandal of gandipet. Remains of hydershakote surrounded by hyderabad shah guda, ramdev guda, radha nagar, sri venkateshwara colony, srinivasa nagar colony, and gandham guda. The city boasts all sorts of civic facilities, such as schools, banks, atms, medical centres, worship sites, etc. Local people have easy access to hydershakote's gold loan which helps them to meet their financial needs in a trouble-free way. Flanked on one side by chivella lane, the town remains linked to the osman sagar road and enjoys connectivity to the other areas of hyderabad.

Documents required for an online gold loan

A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.

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.

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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, if at all you shift your house or your location address changes you need to promptly notify the lender, bank whose loan managers will come to that address hereafter for all purposes until closing of the gold loan in Hyderabad. Your address proof is an important document that you have to submit before you are given a loan. If there is a change in the document as submitted with the lender, you are obligated to inform the lender of this change. Your address proof is an important factor, as long as a loan in concerned. The lender may even send an official from the company to verify your new address.

What is an LTV?

LTV abbreivated as Loan-to-Value Ratio is the financial term used by the lender to asses the risk of lending you a gold loan in Hyderabad by determining the relationship between the loan amount and the value of the pledged collateral. Borrowers can ideally avail up to 75% of the value of the pledged gold as the loan amount. The loan amount that will be obtained by submitting the borrower’s collateral gold can be calculated online. Several lenders, including Rupeek provide this facility online.
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