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Last Updated :
When a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.
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.
We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.
I was paying double the interest with my earlier Gold loan company. I shifted to Rupeek and saved more than Rs. 40,000 due to Rupeek’s low interest rate. Thank you Rupeek.
Excellent experience the team was completely educated about covid-19 and took all the precautions. Good communication and supportive nature.
Franchise Owner, 33
Very good interest rates. I was paying double the interest in my previous gold loan company. Shifting helped me save Rs. 40,000. The branch is also near my place.
Shop owner, 37
I m very happy with the Rupeek schemes. Also the Loan Manager is supporting and helped me with understanding all processes as well.
Retail Business, 35
I am very happy to be associated with Rupeek, they have a transparent process and there is no hidden charge of any kind.
Business Owner, 48
Excellent service. Received what was promised with complete transparency and hassle free service.
Restaurant Owner, 36
The best trustworthy service with easy loan transfer system, Rupeek is safe and genuine.
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