city
Nashik
close btn

Service Update- (Covid-19)

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

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

Gold Loan in Nashik

The Maharashtrian city of Nashik, which is located on the banks of the Godavari river, is a place where the old and new coexist with each other. The city is an important pilgrimage cite since the world- famous Kumbh mela, which is held once in 12 years, is conducted in Nashik. The ancient city has a lot to offer for people from different age groups. Its vineyards and wineries are so popular that it is known as the ‘Wine Capital of India’. The city is also known as an aerospace and defense manufacturing hub which houses the aircraft manufacturing plant of Hindustan Aeronautics Limited. The city is a flourishing gold trading centre and thus the number of people availing gold loans is also high. Some of the popular tourist attractions in the city include Trimbakeshwar Temple, Muktidham, Ramkund, Pandavleni Caves, Someshwar Temple, and Sula Vineyards.
Today's maximum loan value/gm **
max LTV

Last Updated :

Last Updated :

Gold Loans at the privacy of your home

lender banks
+91
Please enter valid Mobile Number

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!

Eligibility criteria for an online gold loan

As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.

Rupeek ad

Gold Loan Calculator

Hear what our customers say

We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.

4.6+ star
4.8 star
4.4 star

Your Gold Loan is just a click away!

Please provie a valid name
+91
Please use a valid mobile number

Frequently asked questions

Is it risky to take a gold loan?

A gold loan is arguably the easiest and immediate type of loan out there in the market which makes it extremely lucrative to address your financial needs. In circumstances where you need quick money and you do not possess any other assets to pledge, a gold loan can be a useful avenue. However, it is advisable to refrain from taking a gold loan if you believe you will not be able to repay the demanding interest amount along with the principal. Additionally, if the gold prices drop drastically during the tenure of loan some lenders may ask you to pledge more gold or pay up to meet the difference in amount. 

What purposes can I request a gold loan for?

One of the best features of availing a gold loan is that the loan amount can be spent as per your discretion provided it is not with the intent of laundering money, terrorism, gambling, or any other such illegal activities. Denizens borrow gold loans in cityname to fund various purposes such as:

*Establish or expand a business (In which case the interest component is subject to a tax rebate)

* Medical Expenses

*Construct or renovate a house (Loans availed for this purpose are also subject to a tax rebate)

*Wedding

*Academic Fees

*Travel

*Household Expenses 

Can I take a gold loan for my education?

Yes, you can take a gold loan in cityname against your collateral gold and use it for your educational purposes. The easy repayment schemes where you only have to pay interest each month and a flexible loan tenure ranging from 6 months to 12 months make it one of the most favourable loans to opt for while pursuing higher education either in India or abroad. A secured loan is also attractive as it offers a high Loan to Value ratio against one of the lowest interest rates in the financial market. Further, gold loans in cityname are one of the most flexible sources of funds which also offers a range of flexible repayment schemes.

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.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly