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Gold Loan in sinnar

Ghoti or ghoti budruk is a census city in the Maharashtra district of nashik. It stands at approximately 28 km from nashik city. Like other census towns in this district, ghoti also has all the basic facilities that the people require for a decent life. But what separates the town is the diverse tourist attractions that surround this area. A lot of visitors visit ghoti to discover the natural nature of these unknown sights. The tringalwadi fort, kapildhara tirth, ghatandevi mata temple, and dhammagiri are some of the main attractions in ghoti and its surrounding area. Local people also use gold loans in ghoti to cater for this inflow of visitors, and set up their small businesses. The town remains accessible via the road network and the ghoti railway station.

Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

1) Identity Proof- Documents that serve as identity proof include but are not limited to:

* Voter's ID

*PAN Card

*Aadhaar Card

*Passport

*Driving License

2) Address Proof- Documents that serve as identity proof include but are not limited to: 

*Aadhar Card

*Passport

*Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!

Eligibility criteria for an online gold loan

Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:

  1. Low rate of interest
  2. Minimal documentation
  3. High loan amount
  4. Flexibility in repayment options
  5. Instant loan approval, etc.

The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:

  1. The borrower shouldn’t be a minor
  2. The mortgage loan should be of 18 karat or above
  3. The gold should be in the form of ornaments or jewelry.

The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.

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Frequently asked questions

Can I take a gold loan for my education?

Yes, you can take a gold loan in Nashik against your collateral gold and use it for your educational purposes. The easy repayment schemes where you only have to pay interest each month and a flexible loan tenure ranging from 6 months to 12 months make it one of the most favourable loans to opt for while pursuing higher education either in India or abroad. A secured loan is also attractive as it offers a high Loan to Value ratio against one of the lowest interest rates in the financial market. Further, gold loans in Nashik are one of the most flexible sources of funds which also offers a range of flexible repayment schemes.

Why should I take a gold loan with my jewellery?

If you are in urgent need of immediate loans, you can always use your gold to secure it against a loan. It is noteworthy that this gold has to be either in the form of jewelry or ornaments, as most lenders don't accept gold bars or coins. As gold loans in Nashik are good in a rising market, a lender offering good LTV will get you the most out of your gold jewelry. After you have repaid your loan, you can reclaim your gold as it was. If at all you find that your jewelry is damaged or not returned in original condition, you can always contact us and we'll help you get it sorted instantly.
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