Aadhar Card Loan in Ghaziabad

Ghaziabad, one of the largest cities in western UP, is a part of the National Capital Region of Delhi. The city’s infrastructural development is the recent highlight, including the development of Hindon elevated roads and metro connectivity.

These developments have led to ever-escalating economic activities and higher personal expenses. To bridge the gap between income and expenses and maintain a healthy reserve of savings, individuals can turn to an Aadhaar card loan in Ghaziabad.

Before applying for a loan on Aadhaar card, there are certain criteria you need to fulfil to be eligible. Below-mentioned are the standard parameters checked –

Borrower’s CIBIL score, 750 or higher is preferred
Monthly income
Applicant’s age
A stable income source, which they determine by checking employment history
Applicant’s debt to income ratio

It is imperative to note that there may be additional criteria that a person shall satisfy to qualify for an Aadhaar card loan in Ghaziabad. A person ought to check these when searching for ‘Aadhaar card loan lenders near me’.

Based on how eligible a person is, the loan amount and interest rate are determined. Individuals with a low credit score or inconsistent income may not be able to avail a high loan amount. Also, interest rates charged can also be as high as 21% p.a. for them.

In these cases, a person can turn to a gold-backed quick personal loan using Aadhaar. Even highly eligible individuals can also choose a gold loan.

Mentioned here are the advantages that come with applying for a gold loan.

Extensive documentation isn’t required as you only need to provide your KYC documents to apply for a gold loan.
As gold loans are secured, the interest rate is lower than a personal loan using the Aadhaar card.
CIBIL score isn’t taken into consideration when approving an application for gold loan.
A higher loan amount can be availed as per the value of gold ornaments pledged as collateral.

These are only the basic advantages of a gold loan over a conventional Aadhaar card loan. Individuals looking for additional benefits like instant doorstep service alongside other features can opt for Rupeek.

Here are certain reasons to opt for Rupeek gold loan services:

Individuals can get a loan as high as Rs. 1.5 crores with Rupeek. They can use our online calculator to determine the loan quantum they’re eligible for or the gold quantity they need to pledge to get their required amount.
The rate of interest levied on a gold loan can be as low as 0.49% per month with us.
To be eligible for a Rupeek gold loan, you need to be 18 years and possess necessary OVDs for KYC, like an Aadhaar card.
Also, we observe best-in-class security measures to ensure that your gold remains safe as long as it is with us. We transport your gold to the nearest vault in a GPS-traceable bag to ensure you can keep track of where your gold is headed.
We provide instant doorstep gold loan services. Our officials arrive at your premise within 30 minutes of applying. It takes another 30 minutes to complete the document verification, gold appraisal and fund sanction process. Officials will remain within premise until the fund reaches your account.
We also offer a hassle-free loan transfer option, where you can save substantially up to Rs. 12377 every lakh and enjoy other perks offered by Rupeek.
You can also avail our loan overdraft facility known as Rupeek Quick. You can use the sanctioned limit as per your requirement and withdraw money as and when required. Also, you pay interest only on the utilised funds instead of the total principal.

Our extensive service network across all the central localities of Ghaziabad is another reason why individuals turn to us during any financial crunch.

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	-