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Gold Loan in trilanga

In housing.com, trilanga has a liveability score of 4.9 out of 5 which makes it easier to find another common residential area and the gold loan. The nearby places around this area are shahapura, chuna bhatti, arera colony, which provides convenient access to various amenities. There are quite a few restaurants here including hyderabad's popular paradise biryani, tilak's chocolady and bakery, and ali baba cafe and restaurant. People living here can conveniently access one of the many major hospitals in the area. Trilanga is also linked by public transit to the city bus stops, train station, and airport. Near this area is the swarna jayanti park.

Documents required for an online gold loan

A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.

What is an online gold loan?

Gold loan is the most flexible and popular source of funds in the Indian financial market. A gold loan is a secured loan, which means that to obtain quick funds or emergency loans, the borrower has to pledge their asset (in this case, their gold) with the lender to obtain funds in return. A secured loan is also known as a collateral-based loan since the funds can be availed only against the asset of the borrower. Gold loans owe its popularity to its attractive features such as:

  1. Low rate of interest
  2. High-value loans
  3. Minimal paperwork
  4. Flexible repayment options
  5. Instant loans etc.

Using a gold loan, the borrower can get up to 75% of the market value of the collateral as the loan amount. In some cases, up to 90% can also be disbursed as the loan. Instant gold loans are so true to their name that the funds get transferred to the borrower’s account within one hour from the loan application.

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Frequently asked questions

What kind of repayments can I do?

Borrowers have the flexibility to choose from different types of gold loan repayment schemes. These include Interest payments, Closure payments, and Part payments.

1) Interest payment: Interest payment is the method of repayment in which the interest you need to pay on your principal is paid on a monthly basis.

2) Closure payment: Closure payments is the method of repayment in which the jewelry you have pledged is returned once the closure payment is made.

3) Part-payment: Part payment is the method of repayment in which you can make at any point in time which is more than the interest payable for that month 

Why should I take a gold loan with Rupeek?

Here are a few reasons to take a loan against gold with Rupeek: 1) Affordable Loans- At Rupeek, we strive to provide affordable solutions for everyone which is why Rupeek has the best gold grams rate in the market. Our interest rates go as low as 0.89%, and we offer flexible repayment schemes as well to make gold loans convenient for all. 2) Insurance Cover- As long as your gold remains with us, it will be so under a 100% insurance cover. 3) Minimal Documentation- Availing an online gold loan with Rupeek is extremely hassle-free in terms of documentation and only requires basic ID and address proofs. 4) Relaxed Eligibility-Rupeek doesn’t require its lenders to have a fixed income or a perfect credit score. This implies that even if you do not have a steady source of income or even if you have a poor credit history, you will still be eligible to avail a loan against gold.
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