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Gold Loan in vishwakarma industrial area

Vishwakarma Industrial Area is a popular locality and an industrial hub in Jaipur. There are quite a lot of temples like Veer Tejaji, Shiv (Mahakal), Dhanushdhari Hanuman, Amba Mata, and the famous Khatu Shaam Ji amongst many others near the industrial area. A major part of the working population in the industrial area are the people from the neighbourhoods of Pratap Nagar, Shakti Nagar, Madhav Nagar, and Vikash Nagar. In order to tackle the increasing needs of a commercial establishment, industrial operators choose gold loans in Vishwakarma Industrial Area.

Eligibility criteria for an online gold loan

As a secured loan, the online gold loan offers unparalleled convenience, like easy eligibility, minimal documentation, high loan amount, long tenure, flexible repayment options, low rates of interest, and instant loan approval. Because of its simple eligibility criteria, virtually any Indian citizen can avail a gold loan. To avail a gold loan online, your age must be above 18. The purity of the gold you want to mortgage should be 18 Karat and above. The third and the last eligibility criterion is that the gold should be in the form of jewellery or ornaments. Generally, Indian lenders do not accept gold bars or coins for approving the gold loan. To calculate the loan amount, the lender evaluates the quality, weight, and purity of the gold and multiplies it with the previous thirty days' average price of gold. The figure that comes out as a result of the gold evaluation is the loan amount a borrower becomes eligible for.

Documents required for an online gold loan

A gold loan is the perfect solution when a borrower is looking for urgent loans or emergency funds. With the help of an instant gold loan online, the borrower can receive the required funds in less than an hour. The borrower is eligible to get up to 75% of the market value of the pledged gold as the loan amount. Unlike many other sources of funds, an online gold loan requires minimum paperwork before giving the loan approval. The required documents are:

  1. Identity proof – any document such as voter ID, PAN Card, Aadhaar Card, Passport, or driving license can act as the identity proof of the borrower.
  2. Address proof – the same documents as mentioned above, except for voter ID and PAN card can act as the address proof of the borrower.

Some lenders also approve the loan against just the Aadhaar Card of the borrower. The Aadhaar card is the most important document for an Indian, which has all the details regarding name, father’s and mother’s name, address, biometric information, iris scan, etc. Therefore, it can function as the identity proof as well as the address proof.

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Frequently asked questions

What kind of repayments can I do?

All kinds of loan repayment options can be done and completed online. No matter what type of repayment of the gold loan in Jaipur it is that the lender wants to complete, it can be done online. The repayment option that the lender is resorting to complete online can include:

  1. EMI payments – which is the monthly repayment towards the loan
  2. Bullet payment – which is the total bundle of the outstanding principal amount and the interest component at the maturity of the loan.
  3. Closure payment – which is the amount that the borrower pays to receive all their collateral assets back
  4. Part-payment – which is a repayment option where the borrower pays more towards the loan repayment by paying more than the EMI but less than the whole amount to be repaid. The borrower does this in an attempt to close the loan prematurely. 

Which cities is Rupeek currently operational in?

Rupeek has been in the industry since 2015 and has since been giving urgent and immediate loans to its customers. It has been gaining popularity since its commencement, thanks to the quick, transparent, and hassle-free procedure it follows. It has been operating in over a three thousand location spread over the following cities:

  1. Bangalore
  2. Mumbai
  3. Delhi
  4. Chennai
  5. Kolkata
  6. Ahmedabad
  7. Pune
  8. Hyderabad
  9. Surat
  10. Jaipur
  11. Coimbatore.

Growing by leaps and bounds, it has become India’s largest growing platform for online gold loans. Rupeek is also under a mission to expand to other cities in India as well. It has embarked on a mission to provide the best gold loans at affordable interest rates to people across the country.

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