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Gold Loan in Kharodi

Kharodi is a western suburban locality in the Mumbai Metropolitan Region. Maharashtra. It is situated on Malad-Marve Road. Russian villa Shoot Location and Elysium Calisthenics Park are the prominent landmarks in the area. Malad Rail Way Station, Kandivli Rail Way Station are the very nearby railway station to Kharodi. People frequently avail of gold loans in Andheri to book a property or fund business requirements. The noticeable places of spiritual interest near or in the locality are J.N.R.J Church, Road Church, Mosque of Bareilly Thoughts of Muslims, Infant Jesus Chapel, Omkar Sarvajanik Ganesh Utsav Mandal, and Gurudwara Sacha Sauda Sahib Ji Malwani No.1. Kharodi Lake, a large water body area is also a prominent attraction here.

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

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!

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Frequently asked questions

Can I partially repay the gold loan amount?

Gold loans in Mumbai are pervasively availed because of how flexible they are. Rupeek especially strives to provide affordable solutions and offers borrower's the opportunity to partially repay your gold amount. Yes, that's right! This process of partial repayment is known as part release of the gold loan. If you wish to complete a partial repayment on the loan, the amount can range between the monthly interest and any amount less than the full-closure amount. However, gold jewelry or ornaments you pledged as collateral will only be returned once the entire loan amount has been repaid completely.

How do I know if the executive is authentic while applying for an online gold loan?

One of the highlights of availing an online gold loan is that it can be done end-end right from the comforts of your home! Once you have placed your loan request, a Rupeek executive will arrive at your doorstep to value your gold. If need be, you can verify the authenticity of the executive in the following ways:

In-app verification - Once the executive reaches your premises, an OTP will be sent to your number which the executive will then enter on his app to verify the match.

ID Card - The executive will display his identification card issued by Rupeek

ID Proof - On demand, the executive will display a government ID proof 

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