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Jammu

Low Interest Gold Loans in India

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Low Interest Loans

Get a New Gold Loan
flash Instant 30 minuntes
Shift your Existing Gold Loan
save Save ₹37,131*

Gold secured by
Trusted Bank Partners

lender banks
max LTV

We offer the highest per gram rate on our gold loans.

We offer the highest per gram rate on our gold loans.

Today’s max loan value/gm (): *

Today’s max loan value/gm: ()
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Gold secured by
Trusted Bank Partners

lender banks

Gold Loan in Jammu

The city of Jammu is often known as the pride of the union territory of Jammu and Kashmir. Jammu, better known as the J&K’s winter capital, is a feast to the eyes of nature lovers. Situated on the banks of river Tawi, nestled between the mighty Himalayas in the north and northern plains on the south, Jammu serves as the perfect place for sightseeing and also for going on adventure camps. Tourism industry is the nerve center of the local economy. Other contributions to the city’s revenue come from small scale industries such as woodgrain mills, carpet manufacturing and electric goods manufacturing among others. Kashmiri Jewellery, food and clothing are heavily inspired by the region’s unique traditions and culture. Kashmiris take gold loans to buy gold jewellery which is used in festivals and passed on from one generation to other in many families. Some of the major tourist sites include the Purani Mandi, Mubarak Mandi Palace, Ranbireshwar Temple, Amar Mahal, Rani Park, Bahu Fort and Karbala.
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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.

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.

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Frequently Asked Questions

Is there a Rupeek branch which I can visit? How do I find the nearest one?

Through the Rupeek app has been seamlessly designed with the intent of providing the best user experience, if you still wish to visit our premises and meet our team in person you are most welcome to do so! For this purpose, we at Rupeek have set up lender branches with our partnered banks across 3000 locations to ensure the presence of branches within 3 km of main areas across 11 cities. You can view Rupeek's network of regional offices and bank branches to detect the branch nearest to you. Drop by anytime and we would be happy to help you!

Will gold items with stones be accepted for gold loan?

The loan amount that can be procured by pledging your loan is determined by the value of the gold that you pledge. You can get up to 75% of the market value of the gold as the gold loan in cityname. The value of your gold is determined by its weight, purity, and other factors. For this reason, if you are pledging ornaments that are studded with stones or gems will not be evaluated for the loan amount. The weight of the stones and the gems will be deducted by the gold appraiser and only the value of the gold will be taken into consideration. 

How is the market value of gold determined?

Gold is a key player when it comes to international trade. While money value keeps fluctuating, the value of gold has never dipped below zero in its 3000-year history. Many factors determine loan interest rates. A few of them are listed below:

1) Local production and demand for gold

2) Inflationary rates

3) Government's gold reserve

4) Import and interest rates

5) Taxes 

6) Levies

7) Global demand for gold

Gold value is so volatile because of these several factors that affect it. To know the current gold loan rate, you can check out our gold loan calculator.

What are the gold items I can pledge

All gold items which have the required purity i.e, 18 karat to 22 karat can be pledged. It includes gold ornaments such as chains, necklaces, haraams, mangalsutra, rings, bracelets, bangles, earrings, anklets, hip chains, cufflinks, coins, bars etc. However the purity of the gold item is what will determine the loan value. In that case gold bars and coins have higher levels of purity and might fetch higher loan amount. But some of the lenders in the market don't accept gold bars for a gold loan in cityname

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