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0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in Kohefiza

Kohefiza is a residential area, situated on the banks of upper lake. Many visitors chose to stay at one of India's heritage hotels, the noor us sabah palace hotel. In the early 1900s it was a mansion and converted into a luxury hotel. The state wakf tribunal of Madhya Pradesh is in this field. If you plan to move here, you can apply for gold loans from one of the several banks, and contact developers of properties. The cricket academy bab e ali stadium and st. michael is situated to the northeast of this town. Commissioner's and district jobs department offices are based in kohefiza. Olive and honey as well as the many old masjids are a popular restaurant in this area.

Gold Loans at the privacy of your home

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What is an online gold loan?

An online gold loan is the most hassle-free form of instant credit. It owes its popularity to the array of flexible features it comes with. It comes with extremely relaxed eligibility criteria, high loan amounts at low-interest rates! Sounds like the perfect package doesn't it? Well, it gets better. There is no set upper limit on your loan amount. This completely depends on the value of your gold. Ideally, lenders approve up to 75% of the market value of the collateral. However, at times it can even go up to 90%! It is noteworthy that this market value does not refer to the prevailing market price. The lender arrives at the gold valuation by taking an average of the gold gram rate from the past 30 days. The borrower can avail the loan right from the comforts of his/her home by downloading the app and placing a loan request using just the Aadhar card as document proof! A lender appointed representative will then visit the borrower's house for gold valuation and post which the loan amount will be transferred within 10 minutes. The entire process end-end takes only about an hour!

Eligibility criteria for an online gold loan

As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.

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Frequently asked questions

What kind of repayments can I do?

Borrowers have the flexibility to choose from different types of gold loan repayment schemes. These include Interest payments, Closure payments, and Part payments.

1) Interest payment: Interest payment is the method of repayment in which the interest you need to pay on your principal is paid on a monthly basis.

2) Closure payment: Closure payments is the method of repayment in which the jewelry you have pledged is returned once the closure payment is made.

3) Part-payment: Part payment is the method of repayment in which you can make at any point in time which is more than the interest payable for that month 

What payment methods are available for me for online gold loan?

Rupeek offers various options for the repayment of the gold loan. One of the major reasons why Rupeek gold loans in Bhopal are opted by its customer is due to the flexibility in repayment options that it offers. The repayment can be done as cash, cheque, DD, or via card. Most companies, including Rupeek, offer assistance to complete a gold loan repayment or pay your interest through their website, app. On both platforms, you will have the following options for payment modes:

  1. Internet banking
  2. Debit card 
  3. UPI
  4. Money transfer using RTGS/IMPS 
  5. NEFT

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