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Gold Loan in rameswaram

Village rameswaram is situated in the east godavari district of pedapudi mandal, in andhra pradesh. The village is 5 kms away from kakinada city. The town has a 48% literacy rate which is significantly lower than the national literacy rate. But, for better educational opportunities more students flock to bigger towns and counties. gold loan in rameswaram lets local people move into better avenues for jobs and schooling. In tourism rameswaram thrives. Dattashram is an ancient pilgrimage site consisting of lord shiva's temple in rameswaram due to the sanctification of 9 bath wells. Lakhs of pilgrims assemble here during poornima to take a holy dip in the water. One of the new features is also an ancient, light building. A variety of beach resorts on the seacoast banks offer catering to the tourist crowd.

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.

Benefits of an online gold loan

An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.

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Frequently asked questions

Is it risky to take a gold loan?

Not at all! Gold loans in East Godavari are designed to be one of the most easily affordable forms of credit when you need urgent funds. The ease of application and range of flexibility available when it comes to availing a gold loan in East Godavari is what make sit truly stand out. Since most families are bound to have gold jewelry in some form or the other irrespective of the income status, anybody and everybody can avail it. It is noteworthy that the loan amount and interest rate are subject to change depending on the repayment capacity of the borrower. The lender will ensure that the loan repayment fits well within your debt-income ratio. There is little to no scope of a gold loan becoming risky!

Why should I take a gold loan with Rupeek?

Rupeek strives to provide solutions to all your gold loan problems, which is why we provide doorstep services to all our customers. We offer unique and instant gold loan solutions with the best rates in the market. Our interest rates are as low as 0.89%, and we offer flexible repayment schemes as well to make gold loans affordable and convenient for all. We also offer 100% insurance cover for your ornaments. Unlike other sources of funds such as an unsecured loan, Rupeek requires minimum documentation. Rupeek doesn’t require its lenders to have a fixed income or a perfect credit score. This means that even if you are unemployed, do not have a stable source of income or if you have a poor credit history, the option to get urgent loans with a gold loan is still available to you.
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