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Gold Loan in purmandal

Set on the banks of the holy river devika, purmandal village is a pliigrimage place for hindus who belive that bathing in the river's holy water purifies their spirit. Purmandal has many temples which add to its religious significance. The goddess parvati purmandal temple, a host of temples devoted to lord shiva and a huge haveli draw visitors and pilgrims. A mela is held every month where the devotees take a dip in the holy water. There are several small stalls in these melas which are set up with the aid of gold loans.

Benefits of an online gold loan

The benefits a borrower can reap from an online gold loan are boundless! All you need to do to avail an online gold loan is download the lender's app and place a loan request. One of the best features of a gold loan is that this process can be done online entirely without manual intervention provided that is what the borrower prefers. The borrower also has the flexibility to place a call on the lender's customer care number to avail the same if he/she were to feel like they might need assistance with the process. All this happens right from the comforts of your home. Even when it comes to gold valuation, you do not need to venture out with expensive gold in your pocket! The lender assigns a representative that will visit you at a location and time as stipulated by you. While an online gold loan does require a few basic documents, you can also avail a loan with just your Aadhar card! As a borrower, you are eligible to receive up to 75% of the gold you are pledging. If both parties are in agreement with the loan amount, the loan is disbursed to your account within a matter of 10 minutes. What's more, the entire process takes only an hour end-end!

Documents required for an online gold loan

When a borrower needs urgent cash, an online gold loan acts as a blessing. With an online gold loan, you can get up to 75% of the gold's average value as the loan, instantly. Before approving the loan, the lender might ask you to submit a few documents, which the lender uses to determine your eligibility. The first document that you need to submit is an identity proof, like voter ID, PAN Card, Aadhaar Card, Passport, or driving license. The second document you need to submit is an address proof. Except for the PAN and Voter ID, all other documents mentioned above function as the address proof. Many reputed lenders also offer the facility to apply for a gold loan only with the Aadhaar Card. As the Aadhaar card contains all your personal details, like name, date of birth, father's/mother's name, address, and biometric information and iris scan, it functions as both the identity proof as well as the address proof.

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Frequently asked questions

Is there any age limit to avail a gold loan?

Lenders have their age eligibility criteria on individuals that are applying for a gold loan. Some lenders require the borrower to be a minimum of 18 years while some require the borrower to be 21 years of age and some have a limit of 65 years while others have 75 years as the age limit. However, largely, if you are an Indian citizen, above the age of 18 and possess the required KYC documents and gold, you can avail of a gold loan. The eligibility criteria for a gold loan in Jammu is less compared to other sources of funds. As long as you are above 18 years of age, and the gold that you are providing as collateral is above 18 karat gold, you are eligible to get a gold loan. Normally, the gold that you keep as collateral can only be in the form of ornaments.

What are the benefits of a gold loan?

There are many benefits that are unique to a gold loan. The security of the pledged collateral makes the borrower eligible for loans that they otherwise wouldn’t be able to enjoy. Some of the benefits that are exclusive to a gold loan are listed as follows: 1. Low rate of interest 2. Minimal paperwork 3. High-value loans 4. Flexibility in repayment options 5. Quick disbursal of funds In some cases, it is also possible to get an online gold loan just by presenting the Aadhaar card of the borrower. The disbursal of the funds is so quick that within an hour from the loan application, the amount will get transferred into the borrower’s account.

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