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

Gold Loan in kulur

The road to mangalore city south is known as kulur. Located in karnataka city of mangalore, this locality serves as a primary commercial junction in the district. It links the areas in the northern part of town with those in the eastern and southern sections. The region is renowned for hosting the mangalore river festival. In this area, there is a plan to create a permanent jetty and encourage gurupura river backwater tourism in the region alongside. The locality has a number of reputed educational institutions that provide the students with quality education. Aj institute of engineering & technology is one of the higher education institutes in this locality. In kulur, many students take advantage of gold loans to get admission to certain institutes and pursue their studies.
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We offer the highest per gram rate on our gold loans.

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Today’s max loan value/gm ()
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Gold Loans at the privacy of your home

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Eligibility criteria for an online gold loan

As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-

1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.

2) You must be an independent major, that is of the age 18 or above

3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.

4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)

It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days. 

Benefits of an online gold loan

An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.

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Frequently asked questions

Can I close the gold loan earlier than intended?

Yes you can close the gold loan in cityname earlier than the tenure as long as your lender has no lock-in period or prepayment penalties in place. Whereas some other lenders might have small penalties ranging up to 200 rupees if you wish to foreclose your loan account 3 months or 1 month before the lock-in period set upon the respective lender's discretion. The penalty also depends upon your loan amount. However, Rupeek does not levy any amount from its borrowers if they wish to close their loan account prematurely. Rupeek always makes sure that its borrowers are provided with the most convenient and hassle-free options regarding their gold loan in cityname.

How is the market value of gold determined?

Gold is a precious commodity, used commonly for trade internationally. Investing in gold has several benefits as opposed to a cash investment. The fact that the price of gold has never dipped below zero in its 3000-year history only strengthens the position of gold in the market. Several determinants influence loan interest rates. It could be the supply of gold in comparison to its demand both locally as well as globally, inflationary rates, the gold reserves present in the possession of the government, ongoing import and interest rates, taxes and levies. To know the gold loan rate in real-time, you can check out our gold loan calculator.

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