Before independence, Pune has been ruled by some of the powerful empires such as the Mughals, the Marathas, Ahmadnagar Sultanate, the Peshwas and the British. The city has been the core of many revolutionary, socio-political ideas during the period of British administration and several freedom fighters emerged from here to struggle for Independence. Till date the city happens to exist as an aesthetic blend of many cultures, even the esteemed Maratha and Peshwa traditions is reflected among the people of the city. The place is a leading automobile hub in India and it also provides a superior space for learning with the help of established educational and research facilities. The common people and business groups resort to gold loans in Pune for managing their financial needs. The place is known for celebrating various festivals and Ganesh Chaturthi is immensely enjoyed among them. Apart from the many monuments, there are other places of tourist interest as well, like the Aga Khan Palace, Parvati Hills, Sinhagad Fort, Shaniwar Wada, Dagdusheth Halwai Ganesh Temple, National War Museum and Osho Ashram.
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.
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:
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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