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Kondapuram is the town in andhra pradesh which is automatically marked by the lush green lands commonly popular as rice paddy fields. This town's agricultural-dependent community is known to get gold loans for various needs in kondapuram. They are surrounded by local public bodies and educational institutions which promote the village economy. The kondapuram bus stand and railway station links the locals with the people in the area and fosters development on both business and economic grounds. Also believed to bring in congregation at the seasonal festive occasions is the pancha lingeshwar temple situated here.
The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!
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!
Loan Amount
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Gold Weight
Gold Purity
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You can pledge gold in any form as long as it isn't gold bars or gold coins. Any form of gold which with purtiy ranging between 18 Karats - 22 karats can be pledged. It includes gold ornaments such as:
1) Chains
2) Necklaces
3) Haraam
4) Mangalsutra
5) Rings
6) Bracelets
7) Bangles
8) Earrings
9) Anklets
10) Hip chains
11) Cufflinks
The purity of the gold item is what will determine your loan amount. In that case, gold bars and coins have higher levels of purity and might fetch higher loan amounts. However, most of the lenders in the market don't accept gold bars.
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