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Nellore
vidavalur
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0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in vidavalur

Nellore's village of vidavalur or vidavaluru is a part of the nature-abundant kovur area that is renowned for its green countryside. Agriculture is also the main occupation in this area. The field is dominated by cultivation of paddy. Local people engage in seed trading and other agricultural products and prefer gold loans for different purposes in vidavalur. A number of nearby local schools and colleges help the area educational growth. Public agencies support the villagers' daily lives. Butchi-utukuru road for several nearby towns passes through the area as a main linking route.
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We offer the highest per gram rate on our gold loans.

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Today’s max loan value/gm ()
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Gold Loans at the privacy of your home

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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. 

What is an online gold loan?

An online gold loan is the most straightforward secured loan you can avail when you require instant cash. The easy eligibility criteria and high loan amount make a gold loan one of the most popular loans in India. Usually, lenders approve up to 75% of the gold's market value; although at times, the upper limit may go up to 90%. The final amount would depend on the previous thirty days' average gold price and the quality and Karat of the gold. To avail an online gold loan, the borrower has to download the lender's app or call the customer helpline. After this, a loan officer would schedule a meeting and visit the borrower's residence or office and value the gold. Generally, the loan amount gets transferred to the borrower's bank account within ten minutes of loan approval. The total time from loan application to loan approval can be anything from half an hour to an hour.

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Frequently asked questions

What do I do if the displayed information regarding my gold loan interest is incorrect?

Once you have logged into the Rupeek app/payment portal using your credentials, your profile will reflect the terms of your loan and the pending loan amount. In case of any errors in detail displayed by your lender, it should be corrected by raising a complaint with the required proof for enhanced redressal. For rebate scheme, base scheme and post-rebate interest amount will be displayed on the 'Repay your loan' page. The interest is calculated automatically concerning the rebate schedule and repayment history.

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

Most lenders provide round-the-clock assistance if borrowers ever need it, to complete their gold loan repayment successfully or to pay their interest through their payment portal on the website or the app. The Rupeek team especially is only a phone call away! But irrespective of the platform you choose to make your payment on, both platforms offer the following modes of repayment:

1) Internet banking 

2) Debit card 

3) UPI 

4) Money transfer using RTGS/IMPS 

5) NEFT

Since all the options require the digital transfer of money, the borrower must have a bank account under his/her name.

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