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:
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.
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:
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:
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 has been in the industry since 2015 and has since been giving urgent and immediate loans to its customers. It has been gaining popularity since its commencement, thanks to the quick, transparent, and hassle-free procedure it follows. It has been operating in over a three thousand location spread over the following cities:
Growing by leaps and bounds, it has become India’s largest growing platform for online gold loans. Rupeek is also under a mission to expand to other cities in India as well. It has embarked on a mission to provide the best gold loans at affordable interest rates to people across the country.
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