Aadhar Card Loan in Howrah

Aadhar Card Loan in Howrah

Located on the Western bank of Hooghly River, Howrah is a major residential city in West Bengal. Serving as an important transportation hub of the state and gateway for its twin city Kolkata, Howrah is famous for its iconic landmark Howrah Bridge. Religious places like Belur Math and The Great Banyan Tree of Shibpur Botanic Garden have been key tourist attractions in the city.

Howrah is widely known as an engineering hub in terms of the light engineering industry. To align with the fast-paced lifestyle in this metropolitan city, individuals often take financial products like an Aadhaar card loan in Howrah. These quick financing tools not only enable them to cover various personal expenses but also help them to lead their life easily. 

Who Are Eligible For Aadhaar Card Loan?

Like all unsecured financing, Aadhaar card loans for personal usage also have specific eligibility criteria which borrowers must fulfil. Though the eligibility parameters vary from banks to banks, the essential factors that every financial institution demands include:

  • Credit history of 750 or above,
  • An excellent repayment history
  • Employment type (Salaried or Self-employed)
  • Employment history

What Documents Are Required For Aadhaar Card Personal Loan?

After fulfilling the eligibility criteria, individuals need to submit certain documents while applying for a personal loan on Aadhaar card in Howrah. With varied employment type, the list of the required document also changes. 

Apart from the mandatory Aadhaar card, salaried individual individuals must provide

  • Salary slip of last 3 months
  • Previous 6 months’ bank statements
  • Form 16

Similarly, a self-employed individual must submit the following documents along with the Aadhaar card,

  • Proof of business existence
  • Certificate of Incorporation
  • Certificate of registration
  • ITR of previous 2 years
  • Profit and Loss statement and Balance sheet audited by a CA

What Are The Disadvantages Of Aadhaar Card Loan In Howrah?

The most significant disadvantage of an immediate loan on Aadhaar card is the high interest rate, which, in turn, increases the total cost of borrowing. Due to the unsecured nature of Aadhaar card loans, financial institutions strictly check the eligibility parameters before approving of the same. Consequently, individuals with low CIBIL score cannot get Aadhaar card loan.

In cases like this, Howrah individuals can opt for a gold-backed Aadhaar card loan as a substitute.

Why Gold Loan Is A Better Alternative?

As an idle asset, gold can offer numerous benefits during urgent or frequent cash requirements. These include:

  • As these are secured loans, financial institutions do not demand a credit score of 750 or above.
  • The interest rates of gold-backed instant cash loan on Aadhaar card are much lower.
  • Gold-backed Aadhaar card loan involves minimal documentation, which guarantees quick disbursal.
  • Contrary to traditional Aadhaar card loans that you need to repay in 1 - 5 years, individuals can pay off their debt within a year by availing an Aadhaar card loan against gold.

To ensure maximum benefit from a gold-backed Aadhaar card loan in Howrah, individuals must choose the lender wisely. In this context, our financial assistance comes to aid.

Why Choose Rupeek?

The 100% transparent gold loan process and convenient repayment schemes of Rupeek make us stand out from the rest of the crowd.

Below is discussed the features and benefits of availing a gold-backed Aadhaar card loan from Rupeek. 

  • Faster Processing Time

With Rupeek, individuals can apply for a gold-backed Aadhaar card loan in Howrah in a hassle-free way. Not only the loan application process of Rupeek is quicker, but also the processing time is faster. The lesser documentation (only KYC documents) involved in the process helps individuals meet any urgent liquidity crisis.

  • Doorstep Gold Loan Services

Rupeek offers instant doorstep gold loan services. Once an individual requests an online gold-backed Aadhaar card loan with us, the gold loan executive reaches the prescribed location within 30 minutes and leaves only after the loan amount gets transferred to the client’s account.

  • Affordable Interest Rate

Whereas individuals have to pay a high interest rate with an instant loan on Aadhaar card, Rupeek’s gold-backed Aadhaar card financing ensures affordable interest payments. With a starting interest rate of 0.49% per month, individuals can save a substantial amount at the end of the loan tenure.

  • Maximum LTV And High Loan Value

Loan to Value ratio refers to the amount individuals get against gold as collateral. We offer LTV up to 80%. Individuals of Howrah need not worry about cash during urgency as Rupeek provides loan up to Rs. 1.5 crores.

  • Consumer-Friendly Repayment Options

Unlike conventional Aadhaar card loans, which mandates borrowers to pay strictly every month, Rupeek’s customers can enjoy consumer-friendly repayment schemes. Rupeek provides them with the flexibility to pay either on a monthly basis or any time as per their convenience within the tenure.

  • Gold Credit Line

Rupeek’s clients get the opportunity to avail the facility of a gold credit line. This facility enables borrowers to secure an overdraft loan. Also referred to as ‘Rupeek Quick’, borrowers can withdraw cash as per their need through this facility. Moreover, individuals can save on interest considerably as it accrues on only the amount you use.

Your search for gold-backed Aadhaar card loan provider near me ends with us. Get a loan in 30 minutes with our doorstep services in every major locality in the city.

Where To Find Rupeek In Howrah?

To get doorstep loan up to Rs. 1.5 crores in Howrah, find us in the following locations.

  • Argari
  • Bandel
  • Alampur
  • Bankra
  • Kalara
  • Mahiari
  • Tentulkuli
  • Eksara
  • Chakpara
  • Karia

Utilise the consumer-friendly features and benefits of Rupeek and drive all your worries by availing gold-backed Aadhaar card loan in Howrah from Rupeek.

Click apply now!

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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 can I extend gold-backed Aadhaar card loan tenure with Rupeek?

You can continue with your existing loan by repledging other jewellery. To start with the process, contact with the customer support team of Rupeek and follow their instructions to complete the process.

  1. What is the procedure to repay a gold-backed Aadhaar card loan?

Log in to gold repayment portal or app with the OTP sent to your registered mobile number. Next, view your profile and complete the transaction.

  1. Do I need a co-applicant to approve an Aadhaar card loan?

Generally, financial institutions do not demand co-applicant while approving an Aadhaar card loan.

  1. What is the advantage of using Aadhaar card while availing a loan?

Aadhaar card contains an individual’s biometric data, which can be used as address proof, ID proof and age proof. As individuals need not provide several documents while applying for a loan, the processing time can be minimised.

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