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

Gold Loan in redhills

Red Hills, also known Sengundram is located in Western Chennai, Tamil Nadu. The name is inspired from the hills that were present ealier in this area. he Red Hills Lake or The Puzhal Lake is one of the two rainwater reservoirs responsible for supplying water to the city. The buses at Redhills Bus Station can help connect Sengundram to various areas in Chennai. In the months of March and April, the grand celebration of Angaala Parmeshwari Amman is held at Padianallur Angaala Parmeshwari Temple. The locality is also known for its paddy-trading activities, which creates ample employment opportunities. These large-scale events require regular liquidity and to meet these requirements, people go for gold loans in Red Hills.
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We offer the highest per gram rate on our gold loans.

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Gold Loans at the privacy of your home

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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.

Benefits of an online gold loan

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:

  1. Low loan interest rates - the interest rates are less because of the security of the collateral.
  2. Minimal documents – the only documents that the borrower is expected to submit are the address proof and identity proof
  3. High-value loan – up to 75% of the market value of the gold can be obtained as the loan and in some cases, up to 90%.
  4. No upper limit – the amount that you can obtain is determined by the value of the pledged gold.
  5. No requirement of income proof – the borrower can be unemployed or have an irregular income and still get a gold loan.
  6. No requirement of credit history – the borrower can have a poor credit score or CIBIL score and still be eligible for the loan.
  7. Flexibility – a secured loan is more flexible than other sources of income. The borrower has a variety of repayment schemes to choose from.
  8. Speed – the whole transaction, from the loan application to the disbursement of the funds takes place within an hour.

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Frequently asked questions

Can I get immediate cash with gold loan?

Yes, you can. Compared to other loans such as personal loans, housing loans, or auto loans, gold loan is the most convenient type of loan where the cash processing time is short. If you want to borrow a loan rendering immediate cash then applying for a gold loan online is probably the best option available in the market, as gold loans are, by far, the most immediate loans. Once you go to the website of the lender and fill out the application form, the gold loan process will be initiated on the lender's end by checking your credit score, KYC procedure and the money will be credited in your bank account almost instantly. 

How is gold appraisal done at home for online gold loan?

Once your loan request has been placed, a Rupeek executive immediately gets in touch with you to schedule a visit at a location and time of your choice. Upon arrival, the loan appraiser appraises your gold and ornaments right in front of your eyes and KYC documents details such as the price and weight of your jewelry or ornament, and ascertain the purity of your gold by conducting certain industry-standard tests. Fret not, for this will be done right in front of your eyes and Rupeek guarantees you that utmost care will be taken while appraising your gold. These observations are then conveyed to the loan approval team who will then transfer your loan amount to your account within 10 minutes!
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