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Gold Loan in silli

Silli is a district of ranchi community block, in jharkhand. Silli is situated in the southern part of the plateau of chota nagpur, and about 60 kilometers from the town of ranchi, the eastern portion of the plateau of deccan. It has a hilly region with thick tropical forests contributing to a climate that is mild relative to the rest of the province. Rivers such as the subarnarekha river and the urangarha make the town sound agricultural. gold loan in silli helps the block's community to meet basic needs and comforts of life. Well linked by rail and road, this small town is well known for the football matches the cricket team skipper, ms dhoni, has organized for his silli stadium. Kurmali is the most widely spoken language here.

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!

Eligibility criteria for an online gold loan

As far as forms of credit go, online gold loans provide a range of peerless flexibility! Here are some of the basic eligibility criteria that you need to meet if you are looking to avail an online gold loan-

1) Since lenders prefer disbursing loans to borrowers that are domiciled within the same geographic boundaries as theirs, you will have to be of Indian nationality and residing in India to avail a loan.

2) You must be an independent major, that is of the age 18 or above

3) Since, usually, Indian lenders do not approve gold coins or bars, the collateral you are looking to secure your loan with has to be gold in the form of jewelry or ornaments.

4) The jewelry you are looking to pledge must be 18 Karat or above (Karat is the measure of the purity of gold)

It is noteworthy that the loan amount you are eligible to receive is bound to vary from the market gold rate. This is due to the fact that lenders don't go by the current market price and instead arrive at the average gold rate based on the rate from the past 30 days. 

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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 about the tenure of the loan, lock-in period, and prepayment penalties?

The specifics of a loan vary from one lender to another. The loan tenure, prepayment penalties, lock-in period are all subject to change depending on the lender. For instance, at Rupeek the tenure of a loan is on average 12 months. However, the borrower can exercise a great range of flexibility and even choose to repay the loan within a few days as well. Rupeek strives to provide affordable, convenient, and flexible solutions that suit the requirements of every borrower, there is no lock-in period, nor are there any prepayment penalties! 
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