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

Aadhar Card Loan in Gurgaon

It is home to numerous Fortune 500 companies, making the city highly suitable for working professionals.

It has led to significant inflation over the years. The increasing cost of living here and fast-paced lifestyle calls for financing against minimum documentation like an Aadhaar card loan in Gurgaon.

What Makes An Aadhaar Card Loan Preferable?

India’s government in 2009 launched the Aadhaar Program to offer Indian citizens with a universal identification. This smart card consists of 12-digit unique identity numbers and personal and biometric details of an individual.

An emergency loan on Aadhaar card Gurgaon is generally collateral-free. Borrowers can avail this financing option by submitting only the necessary documents alongside the Aadhaar card.

Business owners can opt for it with a click on loan on Aadhaar card apply online option on their preferred lender’s website. They can utilise the amount to pay medical bills, renovate a house, invest in a child’s education or cover wedding expenses. 

Although this unsecured immediate loan source may seem ideal at first, associated terms of eligibility can prevent access to individuals with a low credit score, lack of credit history, and income proof. It can also complicate the application process for individuals seeking a loan on Aadhaar card without salary.

Moreover, a collateral-free Aadhaar card pe loan comes at high rates of interest because of the hefty risk of non-repayment a lender assumes. If you find the results against ‘Aadhaar card loan lenders near me’ uncompelling, then shift your attention towards a secured variant, namely gold loan.

Why Is Gold Loan Better Than an Aadhaar Card Loan In Gurgaon?

Here’s a table to substantiate this suggestion.

Particulars

Gold-Backed Aadhaar Card Loan

Unsecured Aadhaar Card Loan

Eligibility

A potential borrower has to be at least 18 years old. He/she must possess gold assets having 18-carat purity

To acquire the credit, potential borrowers have to fulfil particular Aadhaar card loan in Gurgaon eligibility.

· Applicants must be aged between 24 and 60 years.

· They must maintain a CIBIL score of not less than 750.

· Must be an Indian citizen.

· He/she must be employed with a public, private sector or an MNC.

· Income tax details.

There are additional document requirements for salaried individuals.

Repayment

Here the tenure can extend up to 24 months. With Rupeek, borrowers can also choose from multiple repayment options. This facility makes repayment manageable.

A conventional personal loan on Aadhaar card Gurgaon can only be repaid in EMIs. Maintaining such payment consistently for over a tenure of up to 60 months can be cumbersome.

Interest Rate

Gold loan is secured in nature, which organically reduces the risk for lenders. Hence, lenders levy relatively low rates of interest.

As the instant loan on Aadhaar card is unsecured, the risk factor is higher. Therefore, the interest rate charged on this credit form is also more significant.

These are the elementary benefits of an Aadhaar card loan against gold over its traditional counterpart. With Rupeek, you also get to enjoy instant doorstep service, saving you the hassle of visiting an Aadhaar card loan centre.

Why Is Rupeek’s Gold Loan Renowned?

These are some of the features and repayment scheme offered by Rupeek to their gold loan borrowers.

  1. Highest Amount

Potential borrowers can avail a gold-backed Aadhaar card loan in Gurgaon up to Rs. 1.5 crores with Rupeek. No end-use restriction makes it ideal for a range of large- and small-scale expenses.

  1. Transparency in Loan Disbursal

We evaluate the gold purity in your presence and disburse the amount accordingly. Individuals can also use our online gold loan calculator to estimate the loan amount against gold assets beforehand. 

  1. Affordable Interest Rate

The interest rate levied on our gold loan is borrower-friendly. Our interest rate starts from 0.79% per month.

  1. Repayment Options 

We provide customised repayment schemes to ensure maximum convenience –

  • You can opt for traditional EMI option as per your financial capability. 
  • We also give you the flexibility to repay the loan any time before the tenure ends.

Our loan benefits don’t stop here; we also offer certain tailored features like –

  • Doorstep Loan

Rupeek also offers doorstep services that ease out the disbursal process. Following the loan initiation, our company representative will contact the applicant and set a date for verification.

The sanctioned amount is directly transferred to a borrower’s account after documentation and gold purity authentication. This complete process takes around 30 minutes.

  • Preeminent Gold Security 

We ensure premium safety of your gold assets. The collected gold is carried in a GPS-enabled bag to and from the nearest bank’s vault. Moreover, we offer complimentary insurance on the collateral against theft and accident.

Apart from these features, we also offer an overdraft facility to our customers.

What Is Rupeek’s Overdraft Facility?

Rupeek Quick facility from our side is tailored for existing gold loan borrowers. They can access additional funds by pledging supplementary gold assets.

Some of its benefits are-

  • A beneficiary can withdraw funds from a sanctioned credit limit 24x7.
  • Moreover, the interest is levied on the withdrawn amount, not on the total credit amount.

If you are interested in availing a gold loan from Rupeek in Gurgaon instantly, you are in for luck. We offer services in nearly all the significant localities in this city.

Which Localities To Check For Rupeek’s Service?

  • Manesar
  • Badshahpur
  • Pataudi
  • Sohna
  • Gurgaon Sector 56
  • Garhi Harsaru
  • Gurgaon Sector 17
  • Sultanpur
  • Gurgaon Sector 45
  • Palam Vihar
  • Gurgaon Sector 33
  • Wazirabad

Life runs on ambiguity where the urgent need of funds can disturb the financial stability of an individual. In this situation, opting for a short-term gold-backed Aadhaar card loan in Gurgaon from Rupeek will ease out the disbursal process and grant a substantial amount up to Rs. 1.5 crores.

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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. Does Rupeek accept all kinds of gold for an Aadhaar card loan against gold?

We only accept gold articles, such as jewellery ornaments of at least 18 carats. We do not take gold coins and bars.

  1. Do I have to have a credit score to avail Rupeek’s gold-backed Aadhaar card loan?

A credit score is not necessary for an Aadhaar card loan against gold from us. You can apply with a low credit score as well.

  1. Is it mandatory to have an Aadhaar Card to avail a personal loan?

Aadhaar card and PAN card are mandatory to apply for the loan. You can also use a passport, driving license or related documents for KYC verification.

  1. Can a person who knows my Aadhaar card number use the loan?

No, by knowing your Aadhaar card number one cannot withdraw funds from your account. They need to verify their identity before accessing the account.

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