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Visakhapatnam
mvp colony
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0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in mvp colony

MVP Colony is an urban neighborhood in Vishakhapatnam, India. It is India’s largest township and the colony is divided into sixteen sectors. It is a well-developed colony with numerous hotels, restaurants, temples, parks, and also hospitals. A track was laid along the foothills of Kailasgiri called the VMRDA Health Arena or Buddha Vanam which was inaugurated back in 2016. To give this area an urban look a modern auditorium, an amphitheater and three convention halls worth Rs 20 crore are also being constructed here. Locals find a gold loan in MVP Colony an easier option to overcome their financial crunch. Buddha Vanam which has a 31-foot Buddha statue raised on a three-foot pedestal is a major tourist attraction in this area.
Today's maximum loan value/gm **
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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

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

How long will it take for me to get my gold loan?

Not only is our process to apply for gold loan quick and easy, but our loan disbursal is too. When you apply for an online gold loan with Rupeek, you can expect instant loan disbursal after the KYC documents have been verified and the loan agreement has been signed, which can all be completed in 30 minutes. Not only is our process to apply for a gold loan quick and easy, but our loan disbursal is too. When you apply for an online gold loan with Rupeek, you can expect instant loan disbursal after the KYC documents have been verified and the loan agreement has been signed, which can all be completed in 30 minutes. You can take the loan both online as well as offline. The borrower can download the app and place a request. A request can also be placed by calling their customer care desk. A company official will then shortly show up at your doorstep to validate the documents and the gold. After the successful verification, the loan is approved. Immediately the loan amount will be transferred. The whole process doesn’t take more than an hour.

How do I close my loan on gold and release my jewels?

Applying and availing for a loan is as easy as can be. Most of this process occurs online, except for the gold valuation which occurs at your doorstep. However, when it comes to repaying your loan most lenders provide an option called 'Close loan' online. In this particular repayment scheme, the loan closure summary will be displayed on the app in your profile along with the complete details of accrued interest, rebate amount (if applicable), and the final payable amount for your online gold loan. Once the loan account is closed the loan manager will hand over the collateral gold to you. 
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