close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Gold Loan in isanpur

A residential area in Ahmedabad, Isanpur, used to be a small village. It is named after Isan Malik, the ruler of the area during the reign of Emperor Kutubuddin Aibak. Due to its unobstructed connection to the rest of the city through NH 47, today Isampur has become a rapidly developing area. Ahmedabad Municipal Transport Service (AMTS) buses provide services to local residents. Amrewadi Metro Station is only 5 km away, while Ahmedabad Railway Station is 7 km away from the locality. Basic amenities are easily accessible for the residents. Gold loans in Isanpur is the most widely used loan facility for any personal or business needs.

Documents required for an online gold loan

When a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.

Eligibility criteria for an online gold loan

Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.

Rupeek ad

Gold Loan Calculator

Frequently asked questions

Are there any charges levied for late payment of interest?

Yes, lenders usually charge a penalty fee on failure of repayment of the gold loan in Ahmedabad. This charge will be added to the next monthly payment. On failure of repayment of the next payment as well, the lender will be forced to hand over the matter to the respective loan managers. They are likely to be harsh with the borrowers to make sure that the repayments are done on time. In order to avoid any such circumstances in the future, the borrower has to take care not to miss out on payments or delay the payments. The EMI payment has to be a priority of the borrower.

What are the gold items I can pledge

As per the regulations of Rupeek, only gold ornaments can be pledged as the collateral with the lender. Gold ornaments are usually between 18 karat and 22 karat. Purer forms of gold , that are between 22 karat and 24 karat exists in the form of coins or bars. Although there are lenders that accept gold coins and gold bars for gold loans in Ahmedabad, most lenders only accept gold ornaments. The gold ornaments that can be pledged with Rupeek include the following:

  1. Chains and necklaces
  2. Haraams
  3. Mangalsutra
  4. Rings
  5. Bracelets
  6. Bangles
  7. Earrings
  8. Anklets
  9. Hip chains
  10. Cufflinks
  11. Coins
  12. Bars

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly