sub_locality
Varanasi
ramnagar varanasi
close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

banner bg
0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in ramnagar varanasi

A city and municial district in Uttar Pradesh, Ramnagar has its prominence from its royal fort, popularly known as Ramnagar Fort which houses the king of Varanasi. Ramnagar Fort and its museum are the repositories of the historic affairs and stuff of the kings of Benares and has played the abode to Kashi Naresh since the 18th century. Kashi Naresh still remains to be the vanguard of religion and culture in bthis area. This reagion fairs well, considering the throng that keeps on getting riveted to this place due to ots religious salience and gold loans in Ramnagar Varanasi helps people to get the much-needed capital for themselves.
Today's maximum loan value/gm **
max LTV

Last Updated :

Last Updated :

Gold Loans at the privacy of your home

lender banks
+91
Please enter valid Mobile Number

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.

Eligibility criteria for an online gold loan

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. 

Rupeek ad

Gold Loan Calculator

Hear what our customers say

We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.

4.6+ star
4.8 star
4.4 star

Your Gold Loan is just a click away!

Please provie a valid name
+91
Please use a valid mobile number

Frequently asked questions

What is an LTV?

LTV stands for Loan to Value ratio. In a gold loan in cityname, when a borrower pledges the gold ornaments with the lender to receive funds in exchange for it, the lender has to calculate the amount of the loan that can be disbursed for the given value of gold. The amount that can be disbursed with respect to the value of the gold is known as the Loan to Value ratio. In the case of a gold loan in cityname, the LTV is high where the borrower can get up to 75% of the market value of the pledged gold. How much loan amount can be obtained by submitting the borrower’s collateral gold can be calculated online. Several lenders, including Rupeek provide this facility online.

How will gold rate affect my gold loan amount

It is noteworthy that the gold valuation as per the lender is not always at par with the amount as per the current gold gram rate prevailing in the market. This difference arises because the lender calculates the market value of gold by adding up the individual gold rates of the past thirty days and divides it by 30. This rate is then applied to the weight of the gold. Owing to this, your gold valuation may be over or below the gold rate as of that day. If you are looking to avail a high-value loan, ensure to avail it in a month where the gold rate has been performing well.
Rupeek ad

Apply now for 30 minutes doorstep service#

+91
Please enter valid Mobile Number
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly