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Gold Loan in indirapuram

Indirapuram, a residential locality in Ghaziabad, is split into Khands such as the Vaibhav Khand, Abhay Khand, Nyay Khand, Niti Khand and Shakti Khand. The people of this locale enjoy the luxury of apartment complexes, schools and colleges, hospitals, transport facilities and affordable property prices. It's also close to prominent areas like Vasundhara, Pratap Vihar, Vaishali and Noida Sectors 62 & 63, making it highly preferable among the residents. Small businesses avail gold loans in Indirapuram for expanding their trade opportunities. The region is conveniently located on the Delhi-Meerut Expressway, having easy access to Noida, Ghaziabad and Delhi and this happens to be an advantage for the working community.

Documents required for an online gold loan

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!

Eligibility criteria for an online gold loan

As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.

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Frequently asked questions

Will gold items with stones be accepted for gold loan?

If you are looking to apply for and procure a loan against your existing gold jewellery, the gold ornaments with stones and gems will not be evaluated for the loan amount. They will deduct the stone weight and only the gold will be valued depending on its purity. When you take a gold loan in Ghaziabad, you are eligible to get up to 75% of the market value of the gold as your loan amount. The valuation of the gold is ascertained by its weight and purity among other factors. For this reason, the weight of the stones or the gems will be disregarded.

Can I get an interest-free gold loan?

No it is not possible to get zero-interest gold loan in the country as the lenders are in the business to earn some sort of profit. The interest paid by the borrower every month is their profit/charge for borrowing money from them. However various gold loan companies compete in the market for extremely low interest rates to lure customers. The interest rates are calculated based on various factors like loan amount, loan tenure etc., which is upon the discretion of each lender. Banks and NBFCs charge different interest rates and most of them offer a gold loan calculator for customers while applying for gold loan online, where you can calculate the monthly interest amount to be paid.
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