Gold Loan in Gurgaon

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GETTING A GOLD LOAN IS A TEDIOUS AND TIME CONSUMING PROCESS, ISN'T IT?

Well it turns out that we at indiagold has a solution for your problem. Now you can get Gold loans at your doorstep.

0.69% RATE OF INTEREST PER MONTH
DOORSTEP GOLD LOAN
MONEY TRANSFER IN JUST 30 MINUTES
100% FREE INSURANCE ON YOUR GOLD

NEED MONEY QUICKLY IN gurgaon?

Look no further than a gold loan with indiagold!
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With indiagold's doorstep gold loan service in gurgaon, you can borrow money using your gold or gold jewellery as collateral. No need for a down payment or additional collateral.
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Simply apply here, and get the funds you need in no time. Whether for personal or business use, a gold loan is a hassle-free way to get the financial support you need.
Gurgaon or Gurugram is the city of skyscrapers, and it's no wonder. If you're looking for a place where you can work hard, play hard, and live well, Gurugram is the place for you. Gurugram has become one of India's most recognizable cities in recent years thanks to its role as a financial and technological hub of NCR. Its location near Delhi makes it an easy commute for those who live there, but it also attracts people from other regions because of its affordability and vibrancy. The city's wealth of shopping malls gives you access to an endless supply of shopping options. You'll find everything from luxury boutiques to bargain-priced shops that will fit your budget. Whether you're looking for brand-name products or just want something fun to do on your lunch break, there are plenty of options available to suit your needs. If shopping isn't enough excitement for your day, Gurugram has plenty more attractions waiting for you! From Damdama lake to Sohna lake and vintage camera museum, there are plenty of places in Gurugram worth visiting if only for their unique qualities.

BENEFITS OF GOLD LOAN IN gurgaon

There are many reasons why you should consider taking a gold loan.
Here are 7 benefits of gold loan in gurgaon:
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You can use it to fund the education of your children.
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It can be useful for expanding business or working capital requirements or to
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Buy a home from gold loans
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To improve agriculture by buying machineries for irrigation and other needs
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To get a loan at competitive rates with no collateral requirements
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To fund any urgent emergency needs
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For more details: Funding emergency needs with gold loans
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Flexible usage: In contrast to traditional loans, there are no limitations on how you can use the money you borrow.
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Less Paperwork: The amount of paperwork required is minimal throughout the entire procedure, from loan application to distribution. India Gold disburses loans in just 30 minutes* after the process has begun

FEATURES OF GOLD LOAN IN gurgaon

Attractive interest rates:
As gold loans are secured loans, they are subject to lesser interest rates as compared to other types of loans
Loan-to-value (LTV):
The Reserve Bank of India has set a maximum LTV ratio of 75%. (RBI). For instance, if you guarantee one lakh rupees worth of gold, you can only receive up to 75,000 rupees as a gold loan.
Lesser processing fees:
The processing fees of gold loans is very less. We at indiagold offer ZERO processing fees.
No foreclosure charges
In contrast to other loans, there are no foreclosure fees or prepayment penalties when paying off the loan amount before the loan term.
No credit score requirement
There is no demand for credit scores because gold loans are secured by gold or gold jewellery. Even still, these loans are available to borrowers with less-than-perfect credit.
No restrictions on the usage of money
There are no restrictions on where you are using the money obtained from the gold loan, unlike other loans.
Tenure of Gold loan
Gold loan tenures starts from 3 months and can go upto 5 years depending on the loan amount and the borrower's requirement. At indiagold, gold loans tenure is of 6 months. However, it can be renewed in a hassle free manner from the indiagold app, without any additional charges.
Safety of gold
The financial institution provides your gold with high security. They'll keep your gold in their vaults under proper guard. Indiagold provides free, 100% insurance for your gold.

Gold Rate in Gurgaon for Last 10 Days (10 gm)

Date22K Gold24K Gold

ELIGIBILITY FOR GOLD LOAN IN gurgaon

Age group:
If you are between the ages of 18 and 65, a salaried professional, self-employed person, business owner, entrepreneur, student, or senior citizen, you may be qualified for a gold loan.
Tenure of the loan:
The loan repayment tenure for gold loans typically ranges from 6 to 24 months, and you should be able to repay the loan within this period. At indiagold the tenure of the gold loan is of of 6 months, which can further be extended after 6 months.
Purity of loan:
The kind of gold that banks accept must be mentioned when discussing eligibility for gold loans. Most banks only accept gold jewellery with a purity level of 18K to 22K.
Occupation:
Another crucial element in establishing someone's eligibility for a Gold Loan is their line of work. Professionals on salaries, self-employed people, business owners, entrepreneurs, students, elders, pensioners, and housewives can all apply for the loan.
Employment type:
Salaried and self-employed each are eligible. Businessmen are more and more taking gold loans to meet their working capital requirements. In fact, housewives, senior residents who are no longer eligible for different loans due to the fact they have no profits proofs can without problems avail of gold loans.
Track record of employment:
In order to approve you for a gold loan, banks no longer consider your work or business balance. Loans for gold are given out without showing a profit. To apply for this loan, you only need to provide your basic KYC documents, which include evidence of address, identification, and an Aadhaar card.

DOCUMENTS REQUIRED FOR A GOLD LOAN IN gurgaon

Identity Proof
Aadhaar Card, PAN Card, Voter ID, Passport, or Driving License
Address Proof
Aadhaar Card, Voter ID, Passport, Driving License, Utility Bill (Phone/Gas/Electricity/Water/Broadband, etc.) / Lease Agreement of a local address that matches the address on your utility bill (in case your permanent address is different from your current residential address)
Form 60 or PAN Card
2 Passport size photographs

HOW TO APPLY FOR GOLD LOAN IN gurgaon

Getting a gold loan is a very simple process with indiagold
Step 1
Request For A Gold Loan
Apply now for a doorstep gold loan from indiagold below
Apply Now for online doorstep gold loan
Gold Loan Starting @ 0.69% Per Month*

+91

You will receive a call from our Relationship Manager
Step 2
Get Doorstep Visit by Loan Manager
Your loan application will be processed by a loan manager who will come to your home. It takes less than 30 minutes to complete the process.
Step 3
Instant Money Transfer in your Bank Account
Following the approval of your application, funds are immediately paid to your bank account. Your gold ornaments are packed and sealed in secure GPS-enabled packages right in front of your eyes.
Step 4
Gold Is Safely Stored in Secure Vaults
The loan manager safely takes your gold and places it in secure vaults after the money has been deposited into your account. The moment your gold leaves your home, it is insured and becomes our responsibility. From the indiagold app, you can close your loan or pay your EMI.

REPAYMENT OF GOLD LOAN IN gurgaon

Once you opt for a gold loan, you can pay back the principal and the interest in various different ways. Here are some of the gold loan repayment schemes available.
Bullet repayment:
Bullet repayment is a method in which the borrower is required to pay interest and principal amounts at the end of the term of the gold loan. During the loan tenure, you are neither required to pay the interest nor the principal amount. You will pay the entire amount when the loan term is completed. It is known as bullet repayment because you pay the whole amount at once at the end of your loan term.
Partial repayments:
Partial payments are another way to pay back the gold loan. To suit your needs and preferences, you can make partial principal and interest payments. It is not necessary in this kind of gold repayment technique to adhere to the EMI system. With your lender, you may set up your gold loan repayment schedule online and make full or partial payments on the principal as well as interest.
Pay off interest first:
Through this option, you can repay the interest amount as per the EMI schedule of the gold loan however the principal amount borrowed is to be paid, in full, at the time of maturity. Such an arrangement works wonders for most borrowers as throughout the loan tenure one is liable only to pay the interest and not worry about principal repayment.
Regular EMI’s:
The majority of gold loan applicants like recurring EMIs. The loan balance must be repaid by borrowers starting in the month after the month of disbursement. It is regarded as an appropriate choice for salaried individuals who have a monthly revenue flow. Both the principal and interest amounts are included in the EMI each month. Due to the monthly deductions from your account, the payback process for gold loans is quick and simple.

WHAT IS A GOLD LOAN?

A gold loan is an alternative to traditional forms of loans. First you need to know more about the fact that there are many different types of loans, but the most popular ones are traditional banking loans and mortgage loans. Nowadays, with the appearance of various other types of loans, such as personal unsecured loans and commercial real estate loans, one may wonder what is a gold loan and how it works?

Gold loans are longer-term and usually interest-free gold loans for small businesses. They're hard to come by, and here on us, we want to make this process easier and stress-free for you too.

The gold loan is a type of secured loan where the borrower pledges gold as collateral—including jewellery, ornaments, and coins from the bank—in exchange for a loan. Due to the fact that clients can give the bank a gold pledge in exchange for a cash advance, it is often referred to as a gold loan. In essence, it's like taking a loan against your gold.