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Gold Loan in vayusena nagar

Vayusena nagar is a town in the indian state of Maharashtra, in nagpur district. The locality is about 975km away from the patna high court. Any of nagpur's top colleges such as nagpur university, ignou, laximinarayan institute of technology, and hislop college are in the locality. The gold loan in vayusena nagar has made admission into these colleges fast. The indian mines office is located in this area. Any other government offices in this region are the district collector's office, cgst office, indian national highway authority and drmoffice central railway. Here are some of nagpur's most important offices. Also based at the locality is the isro regional remote sensing cente. The nice futala lake is one of this locality's main tourist attractions.

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

How to apply for a gold loan with Rupeek?

Applying for a gold loan with Rupeek is as easy as can be! The Rupeek app has been designed to guide the borrower virtually through the process of availing a loan. A borrower only needs to go through these steps 

*Download the Rupeek App- You will have to download the app from the PlayStore and create an account for yourself with a unique username and password. Alternatively, you can also place your request by calling us on our customer care number.

*Loan Request- Once your account has been created you can navigate to the loan application, fill out the necessary information, and place your loan request.

*Gold Valuation at Home- Once your loan application is approved, a lender appointed official visits you at a location of your choice and evaluate the purity of your gold.

Post gold evaluation, the loan amount you are eligible to receive will be conveyed to you by the gold appraiser. If you are satisfied with this amount, you will receive it within 10 minutes!

What payment methods are available for me for online gold loan?

There are several options available before the borrowers when they want to make the repayment of their gold loan. The borrower can rely on the website of the lender or their app to complete the repayment process. The payment mode options are the same in both the cases. The borrower can repay the gold loan in Nagpur via: 

  1. Internet banking
  2. Debit card
  3. UPI (Unified Payments Interface)
  4. Money transfer using MPS (Master Production Schedule) or RTGS (Real Time Gross Settlement)
  5. National Electronic Fund Transfer or NEFT

The loan amount can be done in any form, such as cash, cheque, DD or via card.

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