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Gold Loan in Phulwari Sharif

Phulwari sharif, in patna, bihar, is a well established place. The town's heritage is from the sufi period, frequented by most sufi saints, and is renowned for its culture. Urbanization ruled over phulwari sharif, which is now one of patna's most populous areas. famous because of the shahi sangi masjid, khwaja emaduddin qalandar's tomb, sanjay gandhi biological park, museums, srikrishna science center, and the area's various cultures and faiths. Tourist population is rich in pilgrims and students who come to visit the city. Phulwari sharif's population depends on agriculture and small-scale industries to make a living. In addition, gold loan in phulwari sharif lets them invest in new projects that will promote a healthier lifestyle.

Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

1) Identity Proof- Documents that serve as identity proof include but are not limited to:

* Voter's ID

*PAN Card

*Aadhaar Card

*Passport

*Driving License

2) Address Proof- Documents that serve as identity proof include but are not limited to: 

*Aadhar Card

*Passport

*Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!

What is an online gold loan?

Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:

  1. Low rate of interest
  2. High-value loans
  3. Minimal paperwork
  4. Flexible repayment options
  5. Instant loans etc.

Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.

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Frequently asked questions

Who can avail Rupeek gold loan?

A gold loan is one of the most flexible sources of funds. That is to say that the borrower doesn’t have to fulfill many criteria to be eligible for the online gold loan. Unlike other unsecured sources of funds, such as a personal loan, the borrower isn’t required to have a stable source of income or a high credit score. The security of the pledged asset opens up several doors of benefits for the borrower. 

The only eligibility criteria that the borrower has to fulfill are listed as follows:

  1. The borrower has to be above 18 years old to qualify for the loan. Usually, minors are not allowed to acquire loans in their name.
  2. The gold that is to be pledged has to be equal to or above 18 karat gold. 18 karat gold is the cheapest and the least pure form of gold that can be pledged before the lender. 
  3. The pledged gold has to be in the form of ornaments or jewelry. Gold, depending on its purity, exists in different forms. The only form of it that can be submitted before the lender is ornaments. 

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.
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