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Gold Loan in saket meerut

Saket meerut is a well-known place within the posh and affluent meerut neighbourhood. Saket meerut's people look for better activities and opportunities with comprehensive and elaborate educational, market-related and occupational prospects within the region. gold loan in saket meerut is a great relief to many people who have set up markets, farming, industrial and educational projects in the region, or who are thriving in developing new ones. Handloom and small-scale handicrafts at saket meerut are a booming industry. It also hosts posh localities with licensed and world-renowned hospitality brands and clothing, food and business outlets

Documents required for an online gold loan

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:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

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.

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

Will gold items with stones be accepted for gold loan?

If you are looking to apply for and procure a loan against your existing gold jewellery, the gold ornaments with stones and gems will not be evaluated for the loan amount. They will deduct the stone weight and only the gold will be valued depending on its purity. When you take a gold loan in Meerut, you are eligible to get up to 75% of the market value of the gold as your loan amount. The valuation of the gold is ascertained by its weight and purity among other factors. For this reason, the weight of the stones or the gems will be disregarded.

How do I know if the executive is authentic while applying for an online gold loan?

The safety and the security of the borrower is one of the primary concerns of Rupeek. They make sure that the personal details and the asset of the borrower remain safe and secure with the lender. The borrowers can make sure that the executive sent to your doorstep to evaluate your gold and to verify your documents is authentic by the following ways:

  1. Identity proof – you can request the company representative who has come to your house to show their identity proof.
  2. Identity card – you can also ask the company official to show their identity card issued by Rupeek to prove that the person has indeed been sent by the company to validate your documents as well as your asset.
  3. In-app verification – Rupeek also takes extra measures to make sure that your asset doesn’t get misplaced/ stolen/ lost. As soon as the representative reaches your house, you will receive an OTP which the representative will have to enter on his app. The transaction can proceed only after the successful match of the OTP.

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