Part of the Vishakhapatnam-Chennai industrial region, Guntur is an important industrial corridor in the country. The city is headquarters of the Agriculture Marketing department, The Spices board and the Tobacco board.
The district’s agriculture market committee market yard is Asia’s largest chilli market. It generates a high revenue during the trading season. To cover working capital requirements or personal expenses during peak seasons, people can turn to an Aadhaar card loan in Guntur.
Aadhaar card loans enable a person to avail funds without submitting several ID and address proofs. The application process for this kind of funding option is quite simple and ensures individuals with quick liquidity. The benefits of availing an instant cash loan on Aadhaar has been listed here.
You must also note what limitations you might face with this financing facility.
An Aadhaar card loan in Guntur may seem beneficial after reading through its benefits; however, it comes with its own set of limitations. Read through the disadvantages of a traditional Aadhaar card loan mentioned here.
These disadvantages may offset the benefits offered by this financing option for specific individuals. You can consider modifying your search for ‘Aadhaar card loan lenders near me’ to gold loan if you’d like to avoid these inconveniences.
Listed here are the differences between a gold loan and Aadhaar card loan in Guntur -
Pointers |
Gold loan |
Aadhaar card loan |
Loan type |
Secured mode of finance |
Unsecured mode of finance |
Rate of interest |
Low rate of interest |
Comparatively higher rate of interest |
Eligibility criteria |
Lenient |
Rigid |
CIBIL score |
Not necessary |
750 and above |
These are only a few basic advantages of a gold-backed personal loan using Aadhaar over its conventional counterpart. You can choose Rupeek to enjoy exclusive features like doorstep service and credit line against gold.
By availing Rupeek gold loan services, you can avail additional advantages, which have been mentioned below.
With these features, you probably understand that it is more suitable to opt for Rupeek gold loan than Aadhaar card loan in Guntur.
Individuals can avail our instant doorstep services in and around these localities mentioned above in Guntur. By availing a gold-backed Aadhaar card loan in Guntur within 30 minutes, you can quickly meet all your personal requirements.
The interest rate depends on the principal amount, rate of interest, and repayment period. You can calculate total interest by using this formula.
Interest = Principal loan amount x interest rate x repayment term
Visit your preferred financier’s online portal or official website to apply for an Aadhaar card loan to apply online. You can also apply offline by visiting their nearest branch. Look up ‘Aadhaar card loan centre near me’ to find it.
Akin to a traditional loan, it does not have any usage restriction. Therefore, you can use the loan amount to renovate home and cover a host of other expenses as well.
Your request has been received, our customer relationship manager has been notified and will call you shortly
(5.88% P.A)