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#Gold weight converter verification#

Gold loan calculators help prospective borrowers to get an estimation of their borrowing. It allows individuals to access funds at their will, only repay the amount they have withdrawn, and pay interest solely on that. Existing customers can pledge more gold to avail a credit line. The customer-convenience with Rupeek is further amplified by the overdraft facility known as Rupeek Quick. He/she only needs to submit KYC documents to complete this process. Any person above the age of 18 and who has gold jewellery can get a loan from Rupeek. The eligibility requirements to get a gold loan from Rupeek are minimal. They have the option to pay as per their convenience, or they can stick to a regular EMI system. The repayment schemes offered by Rupeek gives the necessary repayment flexibility to let borrowers at their pace. They do not need to worry about any loss due to theft of gold ornaments or damage to those. Also, Rupeek uses high-security vaults to store them.īorrowers can rest easy with Rupeek’s door-to-door gold insurance coverage. The loan managers use GPS-enabled bags for transporting the gold articles to and from a customer’s house.

We follow the most advanced measures concerning pledged gold’s security. Hence, interest payments with Rupeek are more manageable. Rupeek also levies a low rate of interest on its gold loans that starts from as low as 0.79% per month. Moreover, the gold loan rate per gram offered by Rupeek is one of the highest in this segment. 1.5 crores, based on the quality and weight of the jewellery on offer. The loan value offered by Rupeek can go as high as Rs. Moreover, with a reliable lender like Rupeek, they can have a hassle-free borrowing experience. With gold loans, individuals can use its equity, which otherwise remains idle to arrange the necessary funds. An applicant can obtain a gold loan without a CIBIL score or even income proof. As a secured loan, the eligibility norms associated with gold loans are comparatively lenient.

#Gold weight converter verification#

Besides, the document verification process and appraisal of gold consume minimal time. An applicant needs to submit only a handful of documents to apply for a gold loan.

Compared to other secured financing options, the repayment tenure of a gold loan is short, and there is ample flexibility to help borrowers.

Whether they are facing a medical emergency or need funds for their business, a gold loan can help them in every case.

Since there is no restriction on the usage of funds, one can fulfil an array of financial needs.

Here are some notable features of gold loans – Also, the smooth re-pledging process helps borrowers to extend their loan without any hassle. The reason being, its short tenure, part-payment and other benefits offered by lenders. A comparison with other financing option will reveal how gold loans can be a more versatile, affordable, and easy option for funds.ĬRISIL’s monthly static analysis pool reflects that for conventional 12-month period gold loans, 60%-65% of such credits have been closed in less than six months.