Gold secured by

Instant 30 minuntes

At Doorstep

Within 3 kms

At Bank Branch

starting @ <irpm> P.M. (<irpa>* P.A.)

@ <irpm> P.M. (<irpa>* P.A.)

Low Interest Gold Loans in Kanyakumari

Low Interest Loans

Today’s gold rate (<time>):

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

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The coastal town of Kanyakumari in Tamilnadu is the country’s southernmost tip. It serves as a major tourist attraction in India where millions of pilgrims and travellers visit, throughout the year. Besides the fascinating confluence of the Bay of Bengal, the Arabian Sea and the Indian Ocean, the town is highly visited for places like the Vivekananda Rock Memorial and the 7000 tons and 133-feet tall Thiruvalluvar Statue. According to history, the town had been ruled by the Venad Kingdom, the Pandyas, the Cheras, the Cholas, the Ays and the Nayaks. Some of the other celebrated tourist sites are the Gandhi Memorial Mandapam, Bhagavathy Amman Temple, Tsunami Memorial Park and Kamarajar Mani Mantapa Monument. The town is majorly constituted by the Hindus, who are then followed by the Christians and the Muslims. Availing gold loans in Kanyakumari is the popular choice among local businesses and people.


When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:

- **Low loan interest rates** - the interest rates are less because of the security of the collateral.
- **[Minimal documents](https://rupeek.com/blog/a-handy-guide-to-the-documents-required-for-gold-loans/?utm_source=SB)** – the only documents that the borrower is expected to submit are the address proof and identity proof
- **High-value loan **– up to 75% of the market value of the gold can be obtained as the loan and in some cases, up to 90%.
- **No upper limit** – the amount that you can obtain is determined by the value of the pledged gold.
- **No requirement of income proof** – the borrower can be unemployed or have an irregular income and still get a gold loan.
- **No requirement of credit history** – the borrower can have a poor credit score or CIBIL score and still be eligible for the loan.
- **Flexibility** – a secured loan is more flexible than other sources of income. The borrower has a variety of repayment schemes to choose from.
- **Speed** – the whole transaction, from the loan application to the disbursement of the funds takes place within an hour.

## Benefits of 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](https://rupeek.com/blog/a-handy-guide-to-the-documents-required-for-gold-loans/), 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](https://rupeek.com/blog/how-to-get-a-gold-loan-with-your-aadhar-card-explained/). 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.



## Documents required for an online gold loan


The eligibility criteria that a lender offers are unique to them. That is to say that the eligibility criteria offered by the lenders in the market differ when you are applying for a gold loan in cityname. The conditions vary to the extent in terms of age (and other factors) that while some lender requires the borrowers to be at a minimum age of 18 some lender wants their borrowers to be at a minimum age of18. Some lenders keep the upper bar on age at 65 years while for some others, it is 75. But generally, and according to [Rupeek](https://rupeek.com/?utm_source=SB), the only eligibility criteria that the borrower has to fulfill are listed as follows:

- The borrower has to be an Indian citizen
- The borrower should possess the required [KYC documents](https://rupeek.com/blog/a-handy-guide-to-the-documents-required-for-gold-loans/?utm_source=SB) (address proof and identity proof)
- The borrower should possess sufficient gold which is above 18 karat gold and up to 22 karat and are in the form of gold ornaments.

## Is there any age limit to avail a gold loan?


Any major of Indian nationality that meets the basic eligibility criteria will be able to avail a gold loan, even if they don't have a steady source of income. Now, different online gold companies offer different schemes. While these schemes are bound to differ in terms of loan tenure and loan amount but not by income groups. These gold loans don't require the borrower to have a healthy credit score. Every borrower is considered equal irrespective of his or her income profile. The borrower has the latitude to choose a loan interest rate, loan term, and [repayment scheme as per his or her convenience.](https://rupeek.com/blog/things-to-know-about-your-gold-loan-repayment/)

## Do online gold companies offer different schemes for different income groups?




Gold loans are those loans that require you to secure your credit amount with collateral, collateral in this case being gold. Lenders usually only accept gold in the form of jewelry or ornaments as opposed to gold coins or bars. It is noteworthy that the gold valuation is almost always different from the market value. This is because the lender arrives at the **gold gram rate** based on the average rate from the past 30 days. The loan amount that you are eligible to receive depends on the valuation of your gold. This amount is then transferred to you within 10 minutes. 

## How does gold loan work?






If you have logged into the Rupeek app or the payment portal on the website, your profile will reflect your the terms of your loan including the pending loan amount. If your lender has displayed a personal detail or financial data incorrectly, it should be fixed by immediately by raising a complaint with the lender and submitting relevant proofs of payment to build your case. For rebate schemes, you will be able to see your base scheme interest (as per the highest interest slab as mentioned in your pledge card) and post-rebate interest amount on the '[Repay your Loan](https://rupeek.com/blog/things-to-know-about-your-gold-loan-repayment/)' page. The interest is calculated automatically considering the rebate schedule and your repayment history.