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

Gold Loan in nallapadu

Nallapadu is a developed neighborhood in the Andhra Pradesh town of guntur. The area came under guntur municipal corporation's control in 2012 and became part of the mandal of guntur west. Nallapadu is situated on state highway 2 about 7.5 km southwest of guntur. The area provides its inhabitants all sorts of public services required for a healthy existence including schools, banks of medical facilities and places of worship. It also has many business facilities in the neighbourhood. Nallapadu is the site of the mbts govt polytechnic college. Neighborhood students who aspire to higher education also seek admission to guntur colleges or neighboring towns. In nallapadu the availability of gold loan also proves to be a great aid to such students.
Today's maximum 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

Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.

Benefits of an online gold loan

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!

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Frequently asked questions

What are the different gold schemes available at Rupeek?

Rupeek is one of the best online gold loan platforms that makes sure that it provides its borrowers with flexible repayment options so that they do not have to land themselves in trouble over repayment of the loan. Rupeek offers its borrowers with a range of schemes from which the borrower is free to pick that is best suited for them. Rupeek takes into consideration the convenience of the borrower to evade any problems in the future. Three different schemes under each amount are available when opting for a gold loan under Rupeek. It is listed in the table below.

Amount

Interest rate

Less than 2 lakh

The interest rate is at 1.29% at the lowest and 1.69% at the highest.

Between 2 lakh and 5 lakh

The interest rate can range between 0.99% and 1.59%

Between 5 lakh and 20 lakh

The interest rate can be as low as 0.89% and as high as 1.39%

Above 20 lakh

The interest rate falls between 0.89% and 1.39%.

Under each loan amount, Rupeek offers you a range of choices to pick from. They are classified into three:

  1. High-value loan (which has the lowest interest rate)
  2. Max value loan
  3. No tension max value loan (which has the highest interest rate)

How is gold appraisal done at home for online gold loan?

Once your loan request has been placed, a Rupeek executive immediately gets in touch with you to schedule a visit at a location and time of your choice. Upon arrival, the loan appraiser appraises your gold and ornaments right in front of your eyes and KYC documents details such as the price and weight of your jewelry or ornament, and ascertain the purity of your gold by conducting certain industry-standard tests. Fret not, for this will be done right in front of your eyes and Rupeek guarantees you that utmost care will be taken while appraising your gold. These observations are then conveyed to the loan approval team who will then transfer your loan amount to your account within 10 minutes!
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