city
Visakhapatnam
close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Visakhapatnam
banner bg
0.79%*
monthly Interest (9.69% P.A)*

Gold Loan in Visakhapatnam

The city of Visakhapatnam is the executive capital of Andhra Pradesh and it is situated amidst the Eastern Ghats and the coast of Bay of Bengal. The city earned the name, ’Jewel of the East Coast’ in view of its picturesque beaches and aesthetic landscape. The place is home to the oldest shipyard and it also happens to be the only natural harbour on the east coast of our country. It is one of the cities which has been tabbed as a Smart City on behalf of the Smart Cities Mission. Also known as Vizag, the city was a section of the Kalinga kingdom, ruled by Ashoka and then subsequently it was reigned by the Pallavas, the Cholas and finally by the British Raj. The language Telugu is predominantly spoken among the people of the city. The place is celebrated for its caves, beaches and wildlife sanctuaries. The Simhachalam Temple, Kambalakonda Wildlife Sanctuary, Steel Plant, RK Beach, Bheemili Beach Road and Maha Stupa at Thotlakonda are some of the renowned tourist attractions. The people of Visakhapatnam prefer to invest in gold, so that they can rely on gold loans if needed.
max LTV

We offer the highest per gram rate on our gold loans.

Today’s max loan value/gm () **

Today’s max loan value/gm ()
**

Gold Loans at the privacy of your home

lender banks
+91
Please enter valid Mobile Number

Documents required for an online gold loan

If you are looking to source immediate funds at short notice, online gold loans are your go-to avenue! The eligibility criteria are relaxed, it requires only minimal documentation, you are eligible for a higher loan amount (though the upper cap is contingent on the value of your gold), you can choose from a range of flexible repayment options, the benefits are endless! The documentation requirement can be split into two parts:

1) Identity Proof- Documents that serve as identity proof include but are not limited to:

* Voter's ID

*PAN Card

*Aadhaar Card

*Passport

*Driving License

2) Address Proof- Documents that serve as identity proof include but are not limited to: 

*Aadhar Card

*Passport

*Driving License

When it comes to gold loans, most lenders allow the borrower the latitude to avail a loan using just the king of all documents- The Aadhaar Card. Since it contains almost all the necessary information including Name, DOB, Name of parents/spouse, Address, Biometric information, and Iris Pattern Scan it acts as an all-rounder when it comes to documentation!

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. 

Rupeek ad

Gold Loan Calculator

Hear what our customers say

We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.

4.6+ star
4.8 star
4.4 star

Your Gold Loan is just a click away!

Please provie a valid name
+91
Please use a valid mobile number

Frequently asked questions

Is it risky to take a gold loan?

Gold loans in <cityname> are the best avenue to source immediate funds, not only in terms of flexibility but also in terms of speed. Under certain circumstances where you need quick money and do not possess the necessary assets that can be pledged as collateral, gold loan can be a useful avenue. However, it is advisable to refrain from taking a gold loan in cityname if you believe you will not be able to repay the demanding interest amount along with the pricipal. Additionally, if the gold prices drop drastically during the tenure of loan you might be required to pledge more gold to make up for the difference in amount. 

Does gold loan affect CIBIL?

Yes taking a gold loan will affect your CIBIL credit score depending on how you finish repaying your loan amount at the end of the tenure. The score directly reflects how responsibily you handled the loan payments. Taking a gold loan will influence your CIBIL score positively when you have repaid your loan amount and interests consistently. The lender mark the loan as 'closed' in your credit report which means you have repaid the loan amount entirely, thereby boosting your credibility and increasing chances of availing a loan next time. However if you were irregular in your interest payments or failed to repay the entire loan amount the lender will mark it as 'settled' or 'written off' in the credit report which makes you a defaulter and reduces chances of availing any loan further.

What purposes can I request a gold loan for?

One of the best features of availing a gold loan is that the loan amount can be spent as per your discretion provided it is not with the intent of laundering money, terrorism, gambling, or any other such illegal activities. Denizens borrow gold loans in cityname to fund various purposes such as:

*Establish or expand a business (In which case the interest component is subject to a tax rebate)

* Medical Expenses

*Construct or renovate a house (Loans availed for this purpose are also subject to a tax rebate)

*Wedding

*Academic Fees

*Travel

*Household Expenses 

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

If the information regarding your personal detail or your financial data is displayed incorrectly regarding your gold loan in cityname, you have to take care to take steps to fix the errors promptly. To do this, the borrower should get in touch with the lender immediately and ask for the errors to be rectified immediately. The borrower should be able to produce proofs to back their claim – whether it is regarding your personal details or your financial data. Your KYC documents can act as proof of your personal details and to prove your financial data, you can use the data on the portal. You can see your base scheme interest and post rebate interest amount under the Repay your Loan page, in the case of rebate schemes. The interest calculation for your gold loan in cityname is done automatically, considering your rebate schedule and your repayment history. 

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly