Aadhar Card Loan in Bangalore

Aadhar Card Loan in Bangalore

The capital city of Karnataka, Bangalore is one of the most promising metropolitans of Deccan Plateau. Owing to its natural abundance, presence of several lakes and spectacular gardens like Cubbon Park, Lal Bagh, Bannerghatta Biological Park and many more such attractions, Bangalore has earned the title of ‘Garden City of India’.

Barring that, Bengaluru, the Silicon Valley of India, hosts a unique ecosystem that is dominated by millennial. Moreover, since Bangalore has the highest rate of employability in the country, credit consumption is also on the higher side.

To manage the growing expenses, people there often look for instant funds that contain straightforward loan processing formalities. Aadhaar card loan, thus, comes handy in that regard. Since almost every Indian citizen holds an Aadhaar card, it makes for an excellent financing option for Bangaloreans.

However, to leverage the benefits, you first need to know the process to avail the funds and other Aadhaar card loan details.

What Is Aadhaar Card Loan?

It is a type of unsecured credit, more specifically a personal loan, which you can avail from a financial institution. The features of a personal loan and an Aadhaar card loan are almost the same. However, the only difference is that you only need to present the Aadhaar card as an ID and address proof to avail this loan.

How To Avail A Personal Loan On Aadhaar Card?

In order to acquire credit in Delhi, you first have to fulfil lender-specific Aadhaar card loan eligibility parameters. That include:

  • A credit score of 750 and above
  • Steady income source

On top of that, you also have to adhere to the lender-specific loan on Aadhaar card apply online procedure. You can search for ‘Aadhaar card loan agents near me in Bangalore’ to learn the lender-wise details.

Nevertheless, just like a conventional personal loan, an Aadhaar loan interest rate in Bangalore can be substantially high, depending on the applicant’s eligibility. Therefore, in the long run, the cost of borrowing increases substantially.

Besides that, a lender will ask for income proof when assessing an application, which constitutes salary slips, ITR documents, bank account statements, etc.

All these can turn out to be fairly inconvenient, especially during emergencies or when a person is borrowing for the first time. You can consider a gold loan to dodge these issues.

How Is Gold Loan Better Than An Aadhaar Card Loan?

Firstly, a gold loan is a secured financing option. Hence, eligibility-checks and documentation are quite relaxed. Plus, gold loan interest rates are typically lower than that of an Aadhaar card loan for the same reason.

Hence, a gold loan is suitable for individuals looking for affordable and quick financing solutions in Bangalore. But, these are the elementary features of any gold loan. To enjoy additional features, prospective borrowers can consider Rupeek.

Why Rupeek Gold Loan Over Aadhaar Card Loan?

Following are some of the Rupeek gold loan specifications that make it an appropriate alternative to Aadhaar card loans.

  • Guaranteed Gold Security

The first thing that comes to one’s mind while applying for a gold loan is the security of the pledged gold. Thus, we take extra care while addressing this concern. For instance, while our loan manager takes the pledged gold from you to nearest bank’s vault, the gold is placed in a bag that is GPS-enabled. The same measure is repeated while we return the gold to you after the loan tenure ends.

Furthermore, to full-proof this process, we also offer complimentary insurance of your pledged gold for the whole loan period.

  • Highest Gold Value

Though the gold price is subject to market change, we promise to provide one of the highest values of the pledged gold. It allows you to borrow a substantial amount of up to Rs.1.5 crores. Our gold loan does not feature any end-use restriction, making it simpler for borrowers to use the funds for any number of reasons.

To make the entire process more transparent, we also feature a Rupeek gold loan calculator that you can use to check the loan amount or gold you shall pledge to acquire the desired amount.

  • Doorstep Services

People prefer Rupeek gold loan over an instant cash loan on Aadhaar card due to our doorstep services. Availing this gold finance has become easier by leaps and bounds with this feature. All you have to do is request a gold loan, and our representative will get back to you soon after.

The loan manager will visit your home within 30 minutes and appraise the pledged loan and initiate the KYC verification. Once that is done, the loan approval and disbursal takes a few more minutes. The entire process of availing is, thus, reduced to 45 to 60 minutes with our dedicated services. 

  • Unbeatable Interest Rate

Another aspect that Rupeek gold loan differs from a conventional Aadhaar card loan is the interest rates. Our interest rate begins at 0.49% per month or 5.88% yearly. It ascertains that borrowers from any financial background can avail our gold loan without worrying about hefty interest payment.

  • Flexible Repayment Structure

Rupeek also facilitates favourable repayment schemes that comprise two options primarily. You can repay the debts anytime during the tenure or through fixed EMIs. Alternatively, you also can repay the entire loan amount with the help of a single bullet payment option.

We provide you with the liberty to choose the repayment structure as per your monetary capacity and convenience.

  • Loan Transfer

You can also opt for a gold loan transfer if you are paying higher interest to another lender. Transfer the outstanding gold loan balance to Rupeek and save up to Rs.12,377/ lakh on interest.

Besides, lower interest rates on an immediate loan, you can also enjoy other feasible terms of service that are exclusive to Rupeek borrowers. A notable one in that regard is the gold overdraft facility, Rupeek Quick.

What Is The Importance Of Gold Overdraft Facility?

With the overdraft loan from Rupeek, borrowers enjoy a pre-determined credit limit from which they can withdraw funds as and when necessary. The interest is charged only on the utilised fund instead of the total principal loan amount.

As such, this facility can prove to be a life-saviour during any financial urgency.

If you are currently looking for Rupeek gold loan in Bangalore, you can refer to the following list.

List Of Locations For Rupeek Bangalore

Just like any other metropolitan city, we have a strong foothold in Bangalore. Here is a list of locations and sub-locations from where you can access our services.

  1. Electronics City
  2. Koramangala
  3. Bannerghatta
  4. HSR Layout
  5. HAL Old Airport Road
  6. Yelahanka
  7. Sampangi Rama Nagar
  8. Whitefield
  9. Bommanahalli
  10. Bellandur
  11. Nelamangala
  12. Banashankari
  13. Hoskote
  14. Banaswadi
  15. JP Nagar

You can avail an instant online gold loan at your doorstep with Rupeek and address any of your short-term financial liabilities. Furthermore, this credit option is not only an excellent alternative to Aadhaar card loan but also proves to be more beneficial of the two.

Therefore, contact Rupeek now to get funds immediately and enjoy attractive deals on Aadhaar card loan against gold!

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Benefits of Gold Loan over Aadhar Card Loan.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters Aadhar Card Loan Gold Loan
Interest Rate 2.39% 0.49%
Monthly Interest Amount
Eligibility & Documentation More Documents Needed Only KYC Needed
Processing Time & Disbursement 2 days to 1 week Within a day
Required Gold Weight -
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Frequently asked questions

  1. How much personal loan against Aadhaar card can I get?

The Aadhaar card loan amount primarily depends on the lender you are opting for and your credit profile. Your monthly income is also taken into consideration.

  1. Can I use an Aadhaar card loan to finance an expansion of my café?

Yes, you can use an Aadhaar card loan to finance an expansion of your café as these loans do not come with any end-use restriction.

  1. What is the tenure of Rupeek gold loan?

The tenure of Rupeek gold loan is up to 6 months. However, you can prepay the loan dues before the tenure ends. It’s also possible to extend that tenure by re-pledging the gold ornaments.

  1. What is the credit score to avail Rupeek gold loan?

The CIBIL score or your credit history is not relevant to the eligibility of a gold loan offered by Rupeek.

  1. What are the required documents for an Aadhaar card loan?

To avail an Aadhaar card loan, you need to submit Aadhaar card along with income proof, like bank account details and other essential documents.

  1. Can I make part-payment of my Rupeek gold loan?

You can part prepay your Rupeek gold loan just the way you repay your loan in general. All you have to do is choose ‘part-payment’ while repaying the loan. However, the part-payment amount should be more than monthly instalment and lower than the full-closure amount.

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