A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:
Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.
When you require emergency funds or urgent loans, a gold loan is one of the most flexible and hassle-free loans that you can acquire. A few of the benefits that are exclusive to gold loans are listed below:
If you are looking to avail a high loan amount at low-interest rates, a gold loan would be your best choice. At Rupeek, the minimum and maximum amount that you can avail are as follows:
1) Minimum Loan Amount- The minimum loan amount you can avail is 15,000 Rupees. This implies that the market value of the gold you are pledging needs to be a minimum of 20,000 INR because as per the standard norms set by the industry the borrower is eligible to receive about 75% of the market value of the collateral. In some cases, this can go up to about 90%.
2) Maximum Loan Amount- The maximum loan amount that can be availed is 1.5 crores.
Applying for a gold loan with Rupeek is as easy as can be! The Rupeek app has been designed to guide the borrower virtually through the process of availing a loan. A borrower only needs to go through these steps
*Download the Rupeek App- You will have to download the app from the PlayStore and create an account for yourself with a unique username and password. Alternatively, you can also place your request by calling us on our customer care number.
*Loan Request- Once your account has been created you can navigate to the loan application, fill out the necessary information, and place your loan request.
*Gold Valuation at Home- Once your loan application is approved, a lender appointed official visits you at a location of your choice and evaluate the purity of your gold.
Post gold evaluation, the loan amount you are eligible to receive will be conveyed to you by the gold appraiser. If you are satisfied with this amount, you will receive it within 10 minutes!
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