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Gold Loan in peruru

The village of peruru lies in the east godavari district of Andhra Pradesh surrounded by grooves of coconut and sparkling water canals. It is an historic village renowned for its rich patrimony. The centuries-old village is packed with houses that display the classical architectural style that is uncommon to be found in today's era. Another distinct characteristic of this village is its narrow mud paths. The villagers lead a peaceful life in a quiet community away from the noise of cars, congestion and modernity. There are two schools in the village which teach the children here. Apsrtc serves via its bus service to this city. Villagers are also dependent on gold loans in peruru to fulfill their needs for emergency funds.

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.

What is an online gold loan?

An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.

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Frequently asked questions

Can I take more than one loan at a time?

Yes, you can take more than one loan against gold at a time. In the case of a secured loan, it is the collateral that determines how much funds the borrower can obtain in the form of a gold loan in East Godavari. If the borrower has further collateral that can be submitted with the lender in exchange for cash, it is possible to do that. By pledging his asset, the borrower can get upto 75% of the market value of the gold as funds. Since a secured loan is secured with an asset of the borrower that can be sold in case of failure of repayment, the lender will not hesitate before sanctioning the loan. 

Which cities is Rupeek currently operational in?

Rupeek has been in the industry since 2015 and has since been giving urgent and immediate loans to its customers. It has been gaining popularity since its commencement, thanks to the quick, transparent, and hassle-free procedure it follows. It has been operating in over a three thousand location spread over the following cities:

  1. Bangalore
  2. Mumbai
  3. Delhi
  4. Chennai
  5. Kolkata
  6. Ahmedabad
  7. Pune
  8. Hyderabad
  9. Surat
  10. Jaipur
  11. Coimbatore.

Growing by leaps and bounds, it has become India’s largest growing platform for online gold loans. Rupeek is also under a mission to expand to other cities in India as well. It has embarked on a mission to provide the best gold loans at affordable interest rates to people across the country.

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