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Gold Loan in sarojini nagar

Sarojini nagar is a famous locality in the Uttar Pradesh town of lucknow. Zaidpur, purwa, and unnao are the nearby towns of this lucknow area. Several private and nationalized financial institutions such as hdfc bank, state bank of India and union bank of India are present in this area, providing many financial services. These institutions are experiencing huge demand in sarojini nagar for gold loans as such loans guarantee easy access to funds. This region enjoys excellent connectivity by rail and road with other regions in lucknow as well as with other cities. There are two nearby stations to this area, amausi railway station and piparsand railway station.

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.

What is an online gold loan?

An online gold loan is the most hassle-free form of instant credit. It owes its popularity to the array of flexible features it comes with. It comes with extremely relaxed eligibility criteria, high loan amounts at low-interest rates! Sounds like the perfect package doesn't it? Well, it gets better. There is no set upper limit on your loan amount. This completely depends on the value of your gold. Ideally, lenders approve up to 75% of the market value of the collateral. However, at times it can even go up to 90%! It is noteworthy that this market value does not refer to the prevailing market price. The lender arrives at the gold valuation by taking an average of the gold gram rate from the past 30 days. The borrower can avail the loan right from the comforts of his/her home by downloading the app and placing a loan request using just the Aadhar card as document proof! A lender appointed representative will then visit the borrower's house for gold valuation and post which the loan amount will be transferred within 10 minutes. The entire process end-end takes only about an hour!

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Frequently asked questions

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

We are very respectful of your gold and take all the necessary precautions during appraisal of the same. While you might have your fair share of concerns as a borrower, Rupeek adheres to supreme safety standards and will ahndle your gold utmost care. And whats more, you can witness this in person ! Your gold is evaluated right in front of your eyes in your homground. Post evaluation, your gold will have a 100% insurance cover as long as it is in our possession.

What is an LTV?

LTV stands for Loan to Value ratio. In a gold loan in Delhi, 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 Delhi, 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.
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