In earlier days, people rarely used to borrow loan against this precious metal by pledging it to moneylenders or banks even in dire financial needs. Over time, people have started realizing the monetary value of the gold investment in India.
Now when people compare with other forms of financial loans, they find borrowing loan against gold from nationalized, government approved private banks as well as non-banking finance companies i.e. NBFCs is easier, safe and economical.
Gold loan
Gold loan is a secured loan that a borrower takes from the lenders in lieu of gold ornamental jewelry. The gold loan can also be termed as a loan against your gold that you pledge with the financial institutions lending money to you.
Gold loan amount sanctioned to you by lenders depends upon their terms and conditions and is granted for a specific period of time. You are required to repay loan through monthly installment. On the completion of loan tenure and full re-payment of gold loan you get your gold articles back.
There are many NBFCs granting gold loans to millions of people in India. One of the leading among many best gold loan companies is Rupeek Fintech Pvt. Ltd. which is regarded as one of the best and trustworthy gold loan companies due its professional, transparent and customer-caring policies.
How does Rupeek gold loan works?
The process of gold loan is almost similar to other secured loans. For instant gold loan you are required to take your gold articles to a lender along with the required documents.
But for Rupeek gold loan, you need not go out of your home. You just need to apply online through Rupeek gold loan app that can be easily downloaded and installed in your mobile.
The processing work for Rupeek gold loan will be done at your home.
The documents required for sanctioning gold loan include:
● Passport Size Photographs
● Identity proof (PAN card, Voter’s ID, Aadhar Card etc.)
● Address proof (Passport, Driver’s License, Electricity Bill etc.)
Rupeek’s officials will evaluate the gold articles and verify the submitted documents following which your gold loan amount will be sanctioned.
Gold articles are picked up at your doorstep and the sanctioned loan is deposited in your bank soon thereafter. The process of sanctioning loan is fast, efficient and transparent due to use of Rupeek gold loan app for applying online.
Advantages of Rupeek gold loan
Rupeek gold loans are issued instantly within few minutes that facilitate you to fulfill your objectives and emergency needs.
For people wishing to take gold loan, Rupeek offers simple solutions and impressive features, such as:
● Online Application
● Quick disbursal
● Minimum documentation
● Flexibility of choosing loan tenure – minimum being 6 months
● Choice of gold loan amount
● Lowest Interest Rates - affordable Interest Rates per month depending on the loan amount
● No foreclosure fee
● Free Insurance for all jewelry
● Assured Release
Henceforth, when you need instant Rupeek gold loan, apply online at Rupeek, a reputable and five year old established gold loan company.
