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Gold Loan in sector 47 chandigarh

Sector 47 is a beautiful and famous residential town located in Chandigarh, a beautiful and well-planned area. Sector 47 C sub-locality is common in and around parts of Chandigarh. It benefits from excellent connectivity with other areas of Chandigarh. Sector 29 pin code is 160047. Sector 49 and Sector 33 are parts of the adjacent sector 47. Singla Medicos, Sri Dhanwantri Medical College, and Post Graduate Government College sector 46 are some of the famous places in Chandigarh sector 47. Gold loan in sector 29 in Chandigarh is common and easily accessible to the residents here.

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.

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

Is there any age limit to avail a gold loan?

Each lender follows a different age limit criteria for people that are applying for a gold loan in Chandigarh. Some lenders require the borrower to be a minimum of 18 years while some others require the borrower to be 21 years of age. Some have a limit of 65 years while others have 75 years as the age limit. However, largely, if you are an Indian citizen, above the age of 18 and possess the required KYC documents and gold amount, you can avail a gold loan. The eligibility criteria for a gold loan is less compared to other sources of funds. As long as you are above 18 years of age, and the gold that you are providing as collateral is above 18 karat gold, you are eligible to get a gold loan. The gold that you pledge as collateral can only be in the form of ornaments or jewelry. 

How do I make an interest payment?

The main reason gold loans in Chandigarh are availed is because of its flexibility. Almost all vendors provide online payment for interest. Making the interest payment online for Rupeek is a very simple process. It can be done in a matter of three easy steps. 

 ->Login to website portal/app

->Navigate to the 'Pay interest' tab

->Continue to make the payment method as per your solution

In the unlikely event that you face any difficulty in making your interest payment, you can always reach us on our customer care number. We are just a call away and would be happy to assist you!

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