A major industrial location in Surat is Umarwada. It is considered to be the home of various textile markets in the city that are well-known for performing wholesale and retail businesses. Bombay Market is the most renowned market of this locality. It is a busy market with plenty of shops that are selling a huge variety of dress materials, sarees, and garments of different types. Buyers and sellers are often in need of cash while undertaking deals in this market, and this is why they apply for a gold loan in Umarwada. Surat Railway Station is the primary rail hub of the city, and it is only 2 km away from this region.
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:
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!
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