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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!
Since a gold loan is a secured loan, it offers many benefits that the other sources of funds do not offer. Some of the benefits offered by a gold loan include:
The requirement for eligibility for a gold loan isn’t much. To avail a gold loan, the borrower has to fulfill the below-mentioned criteria:
The loan amount is then calculated by the lender by multiplying the quality, purity, and weight of the gold. The lender then multiplies it with the average price of gold for the past thirty days. The resultant amount id the loan amount that the borrower can borrow.
We’re passionate about making the Rupeek gold loan experience simple, smooth & happy for every customer.
I was paying double the interest with my earlier Gold loan company. I shifted to Rupeek and saved more than Rs. 40,000 due to Rupeek’s low interest rate. Thank you Rupeek.
Excellent experience the team was completely educated about covid-19 and took all the precautions. Good communication and supportive nature.
Franchise Owner, 33
Very good interest rates. I was paying double the interest in my previous gold loan company. Shifting helped me save Rs. 40,000. The branch is also near my place.
Shop owner, 37
I m very happy with the Rupeek schemes. Also the Loan Manager is supporting and helped me with understanding all processes as well.
Retail Business, 35
I am very happy to be associated with Rupeek, they have a transparent process and there is no hidden charge of any kind.
Business Owner, 48
Excellent service. Received what was promised with complete transparency and hassle free service.
Restaurant Owner, 36
The best trustworthy service with easy loan transfer system, Rupeek is safe and genuine.
Rupeek provides one of the highest gold loan amount per gram in the market. It offers one of the lowest loan interest rates of 0.89%. Additionally, the loan terms are one of the longest you can ever find! Borrowers can avail various online schemes depending on your repayment capabilities. This gives the borrowers the latitude to choose whichever scheme suits them best. These schemes are classified into four categories depending on the loan amount.
1) Loans below 2 lakhs
2) Loans between 2 lakhs - 5 lakhs
3) Loans between 5 lakhs -20 lakhs
4) Loans above 20 lakh
It is noteworthy to identify that the loan amount is inversely proportional to the interest rate increases. The schemes available also vary based on the various loan amounts
1) High-Value Loans
2) Max Value Loans
3) No Tension Max Value Loan.
The loan interest rate ranges between o.898% - 1.69% This is decided based on the loan amount you are looking to borrow.
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