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Gold Loan in Palayaseevaram

Palayaseevaram is a prominent locality in Kanchipuram District's Walajabad Block that stands along the banks of the River Palar. In the constituency assembly, it falls under Uthiramerur, and in the parliamentary assembly, it falls under Kancheepuram. Puliyambakkam, Nathanallur, Pazhaveri, Pullambakkam, and Devariyambakkam are the localities surrounding Palayaseevaram. Pazhaya Seevaram and Palur are the closest railway stations. Lord Venkateshwara Engineering College, Padmasree College Of Nursing, Adhi College Of Engineering And Technology, Sri Krishna Institute of Technology, Lord Ayyappa College of Engineering and Technology, Palayaseevaram Government Middle School, Montfort Centenary Academy Higher Secondary School, and Government Middle School are among the long list of educational institutions nearby. Durgai Amman Temple, Sri Vaikundanadha Perumal Temple, Durgai Amman Kovil, and Durgai Amman Temple are among the most frequented temples in the region. When met with financial requirements, the people turn to gold loans in Palayaseevaram.

Eligibility criteria for an online gold loan

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. 

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!

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Frequently asked questions

Can I transfer my loan from my existing lender?

Rupeek offers its borrowers with an option to transfer their loan from the existing lender to another lender. A borrower may wish to transfer their loan from one lender to another in the middle of the term. It might be the lower interest rate, higher loan amount, better security of their collateral, or the flexible repayment options that another lender provides that they found attractive. If you wish to transfer your loan, rest assured that the process is not complicated. As soon as the borrower requests for the renewal amount, Rupeek will see to it. If it is to Rupeek that you have transferred your amount, you have your collateral as well as your document in safe hands that also provide one of the best services in the industry. 

How do I know if the executive is authentic while applying for an online gold loan?

The safety and the security of the borrower is one of the primary concerns of Rupeek. They make sure that the personal details and the asset of the borrower remain safe and secure with the lender. The borrowers can make sure that the executive sent to your doorstep to evaluate your gold and to verify your documents is authentic by the following ways:

  1. Identity proof – you can request the company representative who has come to your house to show their identity proof.
  2. Identity card – you can also ask the company official to show their identity card issued by Rupeek to prove that the person has indeed been sent by the company to validate your documents as well as your asset.
  3. In-app verification – Rupeek also takes extra measures to make sure that your asset doesn’t get misplaced/ stolen/ lost. As soon as the representative reaches your house, you will receive an OTP which the representative will have to enter on his app. The transaction can proceed only after the successful match of the OTP.

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