sub_locality
Kanchipuram
Sunguvarchatram
close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

banner bg
0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in Sunguvarchatram

One of the most well-connected localities in the Kanchipuram District is Sunguvarchatram. The junction between Chennai Bangalore Highway and State Highway 120 is at the heart of the community. The area comes under the assembly and parliamentary constituency of Sriperumbudur. Cities like Vadamangalam, Mambakkam, Sirumangadu, Podavur, and Kunnam surround the town.Jeppiar Institute of Technology, Rrase College of Engineering, Maamallan Institute of Technology, SM Kader Engineering College, R&A Global Academy, Bon Secours College of Nursing, Saveetha Engineering College, Indian Public School, Government Union Middle School, and Indian Public Primary and Children's School are several educational institutions in and around the city.Students studying in different institutions around the city apply for gold loans in Sunguvarchatram to take care of their financial needs.
Today's maximum loan value/gm **
max LTV

Last Updated :

Last Updated :

Gold Loans at the privacy of your home

lender banks
+91
Please enter valid Mobile Number

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.

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. 

Rupeek ad

Gold Loan Calculator

Hear what our customers say

We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.

4.6+ star
4.8 star
4.4 star

Your Gold Loan is just a click away!

Please provie a valid name
+91
Please use a valid mobile number

Frequently asked questions

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

The components of a loan always vary from one lender to another. There is no standard method in which your gold is valued, the loan amount you are eligible to receive, the gold gram rate, and loan interest. As a rational borrower, you are required to conduct due research before availing an online gold loan as there are a lot of red flags you might overlook. Even minute factors like overhead charges can increase the cost of your loans. The processing fees for your gold loans can vary from one lender to another and range between 0.20% and 2% of the loan amount. The processing fee at Rupeek is at the lower end of the spectrum and is in fact, one of the lowest in the market.

What do I do if I have found a discrepancy in the returned gold?

If the returned collateral gold seems to be tarnished or damaged you can immediately raise a complaint with the lender, connect with your loan manager, and get it sorted. If you take a gold loan in cityname with Rupeek, you don’t have to worry about the safety of your gold ornaments. Rupeek provides the maximum protection to your collateral asset from step one. When the gold appraiser evaluates the gold, it is made sure that it takes place before you. The gold collateral is 100% insured from the moment it gets handed over to Rupeek. The collateral is heavily protected during transportation. Your collateral asset is also given the maximum safety and security at the partner bank.

Rupeek ad

Apply now for 30 minutes doorstep service#

+91
Please enter valid Mobile Number
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly