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Gold Loan in vileparle

Vile Parle is a neighborhood and also the name of a railway station in the western suburb of Mumbai, Maharashtra. It is also commonly known as Parle. Parle-G, a biscuit known to every household in India was first manufactured here. While it no longer manufactures biscuits in the location, it has since been repurposed as a corporate office. Vile Parle houses Terminal 2 (T2) of Mumbai’s Chhatrapati Shivaji Maharaj International Airport. The locality is divided into two parts: Vile Parle (East) and Vile Parle (West) separated by the western railway line. The Market Road in Ville Parle has a high number of vendors and shopkeepers with a continuous circulation of money throughout the day. To expand their businesses or meet their financial requirement, residents often rely on gold loans in Vile Parle. The neighborhood has now become a second major education center after Churchgate to Charni Road area.

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!

Benefits of an online gold loan

An online gold loan offers unparalleled benefits. To avail a gold loan, you need to register yourself as a borrower and mortgage your gold ornaments. The best feature of an online gold loan is that the entire process of the loan application and approval takes place online. Hence, the location of the borrower does not matter. Usually, the lender sends a loan officer to the borrower within half an hour of getting the loan request, who verifies the gold, and gives a quote. On successful verification and subsequent approval, the lender then sends the amount directly to the bank account of the borrower. With an online gold loan, a borrower can get up to 75% of the gold's average market value. As it is a secured loan, the rate of interest is lower than many other types of instant loans. Additionally, a borrower can apply for a gold loan only with the Aadhaar Card.

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Frequently asked questions

What purposes can I request a gold loan for?

You can use your gold loan for a variety of purposes. This amount can be used to suit any need that does not entail illegal activities, money laundering, terrorism, or any other activity prohibited by law. Gold loans in Mumbai are taken by the people to fulfill a variety of planned as well as unplanned requirements. There are several reasons why in the course of our lives we might be led to acquire a gold loan. It might be to do a home renovation, to sponsor an event, throw a marriage or any other function, to meet a medical emergency, for educational purposes, to start a small business or to clear other debts, 

Can I get immediate cash with gold loan?

Yes, you can get immediate cash with a gold loan in Mumbai with the help of Rupeek. One of the most attractive features of all online gold loans in Mumbai, including Rupeek is that the gold loans can be obtained instantly. Within minutes from the approval of your loan, the loan amount will get disbursed into your account. If you are looking for immediate funds or emergency loans, then applying for a gold loan in Mumbai is your best bet. The security associated with a collateral-based loan such as a gold loan allows the lender to provide the borrowers with many benefits. The whole process when acquiring an online gold loan in Mumbai, from the loan application to the disbursal of the amount, does not take more than an hour. 
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