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

Gold Loan in nunna

Nunna is a community in Vijayawada, Andhra Pradesh. It is the headquarters of the Vijayawada town under the jurisdiction of the Vijayawada Revenue Division. According to an order, issued in September 2017, by the Municipal Administration and Urban Market Development Department, Nunna is classified as part of the Vijayawada metropolitan area. The largest mango market in Asia, the Nunna Mango Market, operates from this area. Such a large scale of business scale prompts the operators concerned to choose gold loans in Nunna. The area is well connected by rail and its proximity to Vijayawada International Airport is also advantageous.
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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!

Documents required for an online gold loan

A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.

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Frequently asked questions

Why should I take a gold loan with Rupeek?

Rupeek gold loans are the perfect solution to all your urgent financial needs. Several advantages can be enjoyed by obtaining gold loans from Rupeek. They offer instant gold loans online with which the borrower can enjoy several benefits that are unique to them. Some of the benefits that can be availed using Rupeek are listed as follows: 1. Low rate of interest – the interest rates can be as low as 0.89%. 2. Flexible repayment options – there are several repayment options from which the borrower can pick which suits his interests best 3. Quick disbursal of funds – the loans are usually disbursed into the borrower’s account within an hour from placing the loan application. 4. Minimal paperwork – the only documents that the borrower has to submit before the lender are their identity proof and address proof. There are also provisions under which the lender can get loans with just their Aadhaar Card. 5. High-value loans – the borrower can get high-value loans with Rupeek. The loan amount that is available to the borrower is determined by the value of the gold that has been pledged.

Which cities is Rupeek currently operational in?

Rupeek has been causing a wave in the credit and finance industry since it's establishment in 2015. Thanks to the speedy and flexible loans Rupeek disburses, it has more than one lakh, happy customers, across 3000 locations. Rupeek operates across Mumbai, Delhi, Chennai, and Kolkata. Apart from having branches across the metropolitan cities, Rupeek also has Banglore, Ahmedabad, Pune, Hyderabad, Surat, Jaipur, and Coimbatore. Rupeek is on an upward spiral in a bid to provide safe, secure, and affordable online gold loan solutions for everyone. And needless to say a loan against gold with Rupeek is consumer-friendly, hassle-free, and convenient

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