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Gold Loan in pal

Pal is a village in Luni Tehsil, Jodhpur, and is well-connected to the rest of the state by rail and road. Pal Haveli has been converted into a Heritage Hotel, where the luxurious Rajput lifestyle can be experienced. Pal is Rajasthan's frequently visited town due to its strategic location - its proximity to Luni, Jaypore and various historical monuments. Gold loans in Pal are opted by many people for various reasons - be it business or education. Since the residents of the town are engaged in ancestral occupations of carving and various handicrafts, the scope of the younger generation is less. They generally choose to relocate and pursue higher education.

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

Can I close the gold loan earlier than intended?

Yes you can close the gold loan in Surat earlier than the tenure as long as your lender has no lock-in period or prepayment penalties in place. Whereas some other lenders might have small penalties ranging up to 200 rupees if you wish to foreclose your loan account 3 months or 1 month before the lock-in period set upon the respective lender's discretion. The penalty also depends upon your loan amount. However, Rupeek does not levy any amount from its borrowers if they wish to close their loan account prematurely. Rupeek always makes sure that its borrowers are provided with the most convenient and hassle-free options regarding their gold loan in Surat.

Is there a Rupeek branch which I can visit? How do I find the nearest one?

Rupeek has over 3000 locations spread over 11 cities in India, that include Bangalore, Mumbai, Delhi, Chennai, Kolkata, Ahmedabad, Pune, Hyderabad, Surat, Jaipur, and Coimbatore. Lender branches have been set up with partnered banks to ensure that are branches within three kilometers from the main areas of the cities. Rupeek has a network of regional offices and bank branches spread across the country. If you wish to visit a branch, first you have to find out the branch that is closest to you. You can make a visit after you identify the branch. Rupeek will be more than happy to see to your requirements.
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