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Faridabad
Aadhar Card Loan in Faridabad
aadhar-card-loan-in-Faridabad

Aadhar Card Loan in Faridabad

One of the major satellite cities of Delhi, Faridabad is a significant industrial hub housing renowned companies like Havells India Limited, Larsen & Toubro (L&T), and India Yamaha Motor Pvt. Ltd. Besides these, Haryana’s largest city comprises several central and union government offices making up for a good percentage of white-collar job-holders in the city.

As rising per capita income fuels individuals’ propensity to consume, soaring inflation requires external funding to improve disposable income. To suffice for people’s spending capacities, an Aadhaar card loan in Faridabad can be beneficial.

Features Of A Loan On Aadhaar Card

Aadhaar card loans are personal loans offered against a primary document like Aadhaar card for KYC. This means of funding is now widely available across lending institutions and has seen increasing demand given their following characteristics.

  1. Personal loan providers Faridabad do not place any constraints on using such financial products, which allows borrowers to utilise them to finance any requirement from accommodation expenses to support a new business.
  2. An Aadhar card loan in Faridabad is unsecured, i.e., applicants do not need to pledge any asset to avail them.
  3. Banks and NBFCs offer substantial funds through these means ranging up to Rs. 50 lakhs.
  4. Extended loan tenure up to 5 years is characteristic of this financial product, which can be a pro for individuals looking for less intimidating monthly instalments.

However, to make the most of these benefits, you must meet your preferred financial institution’s eligibility requirements. Check the specific details when searching “Aadhaar card loan provider near me” into the search bar. The following section offers an overview of the standard criteria you must mandatorily satisfy.

Check Your Aadhaar Card Loan Eligibility

Owing to such funds’ unsecured nature, every Aadhaar card loan centre makes sure applicants match the following parameters before approving their loan request.

  • He/she must be between 21 years and 60 years.
  • The applicant can be a salaried or self-employed individual.
  • If salaried, he/she must be with the present employer for at least 1 year.
  • Credit score should be 750+.
  • Applicant’s monthly earnings must match the lending institution’s guidelines.

Besides, potential borrowers also need to provide documents as proof of their eligibility claims.

Mandatory Documents For A Quick Personal Loan Using Aadhar

Following is a list of mandatory documents that applicants need to submit besides an Aadhar card.

  • Recent passport-sized photographs
  • Address proof
  • Proof of employment
  • Bank account statements for the previous 6 months
  • Salary slips or audited profit and loss statements, depending on your source of income
  • ITR documents

In addition to the above list, applicants might need to undergo more paperwork depending on the lending bank or NBFC. Loan-seekers failing to tick off all items on the eligibility and documentation checklist might not qualify for an instant loan on Aadhaar card. Others who make it through such hard-and-fast eligibility and documentation procedure may bear high rates of interest levied by lenders to curb the lack of security in collateral’s absence.

Why let such hassles of a personal loan postpone your fund requirements?

Take the burden off by pledging your gold ornaments to avail an Aadhaar card loan in Faridabad.

Gold Loan Vs Aadhaar Card Loan

Refer to the following table to understand in detail how a gold loan can benefit you better than a personal loan on Aadhar card Faridabad.

Parameters

Aadhaar Card Loan

Gold Loan

Loan Type

Unsecured

Secured

Interest Rate

High

Low

Eligibility

Stringent

Applicant must be aged 18+ and own adequate gold

Documentation

Elaborate

Minimal

CIBIL score

Must be above 750

Not required

Optimum Loan Amount

Comparatively lower; sanctioned depending on the applicant’s eligibility

Higher; depends on the amount and current market rate of pledged gold

Processing Time

Can take up to days

Within 1-2 hours

To avail these contrasting benefits of a gold-backed emergency loan on Aadhar card Faridabad besides more attractive offers, refer to Rupeek Fintech. We are an RBI-certified NBFC extending feasible financial aid to willing individuals with a variety of loan schemes to choose from.

Benefit Better With a Rupeek Gold Loan

Some of the unique reasons that make Rupeek your most ideal gold loan partner are as follows.

  1. Rupeek ensures immediate loan service at your doorstep and instant loan approval and disbursal thereafter.
  2. Borrowers can avail flexible loan repayment options, including traditional EMIs or any payment at any time during the tenure.
  3. We charge the lowest interest rates on gold-backed Aadhaar card loan, starting from 0.79% per month. Borrowers can get an estimate of obtainable loan amount against their assets using our online loan calculator.
  4. Existing Rupeek customers can also avail an exclusive gold overdraft loan facility, Rupeek Quick, to meet their instant financing needs. Borrowers can secure funds from the sanctioned limit 24x7. It also makes for additional savings as we charge interest only on the withdrawn amount.

Rupeek lets you avail these beneficial gold loan services over Aadhaar card loan in Faridabad from anywhere in India, including your neighbourhood in Faridabad.

Find Us In Faridabad

Enjoy our offers on gold-backed paperless loan Faridabad from the following prominent areas in Faridabad.

  • Faridabad Sector 8
  • Faridabad Sector 16
  • Faridabad Sector 9
  • Faridabad New Industrial Town
  • Faridabad Sector 48
  • Faridabad Sector 15
  • Ballabgarh
  • Jawahar Colony
  • Faridabad Sector 3
  • Faridabad Sector 29
  • Faridabad Sector 7
  • Greater Faridabad

Besides the above locations, we extend our services to every nook and corner of Faridabad, for a more seamless borrowing experience. For more details, contact us or visit our website for a quick gold-backed Aadhaar card loan in Faridabad.

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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% 0.79%
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. What is the maximum loan amount I can borrow from Rupeek?

With Rupeek’s highest per gram rate, avail up to 80% of your gold value, capped at Rs. 1.5 crores.

  1. Can I use gold-backed Aadhaar card loan to improve credit score?

You can increase credit score with an Aadhaar card loan against gold if you make timely repayments. It also improves your credit mix, which has a positive impact on the score.

  1. How long does it take to get an Aadhar card loan against gold approved?

Rupeek offers speedy disbursal of a loan with an online application process. Post doorstep verification and gold appraisal, the loan is approved and transferred to your account within a minimum of 30 minutes.

  1. Can I repay an entire gold loan amount before its due date?

Yes, you can choose to foreclose your loan. It does not entail any additional pre-payment charge.

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