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

Gold Loan in rampachodavaram

Rampachodavaram is a census town in the Indian state of andhra pradesh, in the east godavari district. It is situated in the revenue division rampachodavaram mandal. This town is known for its thick jungles and stunning waterfall, which is a delight for the eye and draws many visitors to the area. The coringa wildlife sanctuary, addateegala, maredumilli and seetapalli are some of the beautiful forest covered areas near this town. Tourists from all over the world travel to these areas to see the plants as well as animals' natural environment. Rampa waterfall is another tourist attraction of this area, it is a beautiful waterfall and is well-known in andhra pradesh state. People should schedule a trip to this place because of the availability of gold loan in rampachodavaram, without worrying about the currency.

Gold Loans at the privacy of your home

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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.

Eligibility criteria for an online gold loan

Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.

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Frequently asked questions

Can I get immediate cash with gold loan?

Yes, you can get immediate cash with a gold loan in Rajahmundry with the help of Rupeek. One of the most attractive features of all online gold loans in Rajahmundry, including Rupeek is that the gold loans can be obtained instantly. Within minutes from the approval of your loan, the loan amount will get disbursed into your account. If you are looking for immediate funds or emergency loans, then applying for a gold loan in Rajahmundry is your best bet. The security associated with a collateral-based loan such as a gold loan allows the lender to provide the borrowers with many benefits. The whole process when acquiring an online gold loan in Rajahmundry, from the loan application to the disbursal of the amount, does not take more than an hour. 

Is there a possibility of damage to the ornaments at the time of appraising?

Thanks to the affinity we feel towards ancestral jewelry we tend to tag a lot of sentimental value to our gold. This trend is pervasive especially in a country like India where gold is passed on from one generation to another. At Rupeek, we full well understand that your gold ornaments are of utmost value to you. We assure you that at Rupeek we maintain at high standard of safety and that our representatives will take all the necessary care and caution while handling your ornaments. The entire gold appraisal process will happen right in front of your eyes, during which you can witness our safekeeping in real-time!
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