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Amritsar, or colloquially Ambarsar - is a city in the north-western state of India, Punjab. It is home to the holiest gurudwara of the Sikhs – The Golden Temple. Founded by Guru Ramdas, it is the state’s second-most populous city, with a horde of tourists and pilgrims flocking in to enjoy the grandeur.
Amritsar is a central hub of commerce, culture and transport, with an abundance of historical and religious destinations. This has helped several medium and small business organisations flourish in recent times. With this development, scaling living costs is pushing people towards opting for Aadhaar card loan in Amritsar.
You are required to fulfil the requisites of the chosen lender. Eligibility criteria of a loan against your Aadhaar card can differ with the financial institution you opt for. Some essential things you must know about are:
Hence, one needs to provide income proof to avail an instant cash loan on the Aadhaar card. In the case of medical emergencies or unforeseen incidents, it is not always the most feasible facility to take care of such incurred expenses.
In such a case, a gold-backed Aadhaar card loan in Amritsar is a relief with ease of availability, and an ideal alternative for people looking for ‘Aadhaar card loan near me’.
The following table delineates the primary differences between a gold loan and a traditional Aadhaar card loan in Amritsar.
Points of Difference |
Gold Loan |
Aadhaar Card Loan |
CIBIL score |
Lenders are more lenient with a person’s credit score |
Financiers are stringent as it is an unsecured loan. |
Documents Required |
ID and address proof. Lenders may or may not ask for income proof. |
Income proof is a must besides the Aadhaar card. |
Borrowing Cost |
It is lower because it’s less risky. |
It is higher because it’s riskier. |
The advantages of a gold loan over a quick personal loan using Aadhaar extend beyond these points. Rupeek offers a host of benefits to increase borrowers’ convenience with various repayment schemes to suit your needs.
A list of benefits you can get from Rupeek gold loans is elucidated below.
What’s more, you need to pay interest only on the withdrawn amount of the extended credit line approved for you, on the basis of the time for which you are availing the money.
Our service locations for Aadhaar card loan in Amritsar include:
A gold-backed Aadhaar card loan in Amritsar from Rupeek gives you the freedom to choose any repayment scheme you want, at minimal interest rates. It offers the scope of availing high-value funds at very short notice. Apply today!
You need Aadhaar card to apply for an Aadhaar loan. A lender may ask you to provide your PAN card details additionally as part of the verification process.
No. Although these are both unsecured loans, credit card loans require you to own a credit card, whereas, to apply for an Aadhaar loan, you need to have the Aadhaar Card issued by the Indian government.
Yes. However, the disbursal amount will vary upon factors like your disposable income, credit score, and repayment history.
No, we accept only gold jewellery of purity that is 18 carats or above. Gold bars or coins are not accepted modes of collateral for gold loans.
Yes, you can change your contact information mid loan repayment. Contact Rupeek customer care Amritsar and inform them of the changes you want to make.
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