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Bhubaneswar
Laxmi Nagar
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In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

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

Gold Loan in Laxmi Nagar

Laxmi Sagar is a famous town in Bhubaneshwar, Odisha's capital, with the words 'laxmi,' meaning the hindu goddess of abundance, and 'sagar,' which translates into the sea or ocean in sanskrit. Laxmi Sagar is famed for its central jail - Odisha's biggest prison. Many big personalities, including well-known political inmates and convicted criminals, have spent time in the laxmi sagar central jail. Often the prison has acted as a shooting location, and the region is historically important as a contributor to a plethora of oriya films that influenced odisha's small, yet emerging, cinema culture. The temples listed here give contextual significance to the state's consistently-held religious beliefs. The bhubaneshwar stock exchange is also headquartered here. For any of the properties, from temples to its high school compounds, an gold loan may be taken in this area.
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We offer the highest per gram rate on our gold loans.

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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!

Benefits of an online gold loan

When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:

  1. Low loan interest rates - the interest rates are less because of the security of the collateral.
  2. Minimal documents – the only documents that the borrower is expected to submit are the address proof and identity proof
  3. High-value loan – up to 75% of the market value of the gold can be obtained as the loan and in some cases, up to 90%.
  4. No upper limit – the amount that you can obtain is determined by the value of the pledged gold.
  5. No requirement of income proof – the borrower can be unemployed or have an irregular income and still get a gold loan.
  6. No requirement of credit history – the borrower can have a poor credit score or CIBIL score and still be eligible for the loan.
  7. Flexibility – a secured loan is more flexible than other sources of income. The borrower has a variety of repayment schemes to choose from.
  8. Speed – the whole transaction, from the loan application to the disbursement of the funds takes place within an hour.

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Frequently asked questions

Can I partially repay the gold loan amount?

Yes! Since Rupeek strives to provide affordable solutions for everyone, we provide the flexibility to repay your loan amount as per your convenience. If the borrower wishes, he/she can choose to repay their gold loan in part. This partial repayment option is also known as part release of a gold loan. The partial repayment amount can vary between monthly interest and full-closure amount. However, the gold jewelry or ornaments pledged will be returned only after the entire loan amount is repaid.

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.
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