Aadhar Card Loan in Kadapa

Aadhar Card Loan in Kadapa

Kadapa is one of the thirteen districts in the Indian state of Andhra Pradesh. The place is a mineral repository, having 3 million tons of lead. Per capita income of a person is Rs. 70, 821 approximately, as per official sources. The districts’ primary, secondary, and tertiary sectors contribute nearly a total of Rs. 26,342 crores. 

Its proximity to major cities like Tirupati and Bangalore has also improved the city’s amenities and living standards. Therefore, the high average salary may cause many to opt for high expenditures on luxury items like televisions or cars. In such cases, instead of exhausting your savings, you can always opt for an Aadhaar card loan in Kadapa

Aadhar Card Loan – Pros And Cons

Below is a list of benefits of an Aadhaar card loan in Kadapa

  1. Versatility: One of the features of a personal loan on Aadhaar card Kadapa is its versatility. You can use your loan amount for any expense, be it for buying a car, house renovation, or even funding medical bills. You can also use this loan amount for debt consolidation. 
  2. No Collateral: You do not need to submit collateral, like a property, for availing a loan on Aadhaar card. Thus, it reduces the hassle of property ownership verification.
  3. Nominal Documentation: Aadhaar card serves as the address and ID proof. Hence, the hassle of documentation is reduced.

Listed here are the disadvantages of Aadhaar card loan in Kadapa. 

  1. Lengthy Approval Process: While applying for a quick personal loan using Aadhaar card isn’t prolonged, it still comes with a stringent approval process. If the applicant doesn’t match the eligibility criteria, they cannot avail a personal loan. 
  2. Steep Interest Rates: Interest rates on an instant loan on Aadhaar card can vary depending on the financial institution and their policies. It usually depends on a person’s age, CIBIL score, and the loan amount applied for. As it’s unsecured, the interest charged is relatively high.
  3. Strict Repayment: The loan can only be repaid in EMIs. It can be burdensome for individuals who do not have a stable income source, such as self-employed individuals.

In case the aforesaid demerits are trumping the advantages you enjoy with an Aadhaar card loan in Kadapa, consider switching to a gold loan.

Benefits Of A Gold Loan

It is a credible alternative to an Aadhaar card loan in Kadapa and ensures instant liquidity without any approval issues. The benefits of a gold loan are mentioned here. 

  • Eligibility checks for a gold-backed loan are more flexible. 
  • CIBIL score isn’t taken into consideration during the process of gold loan approval. 
  • The borrowing cost, in this case, is lower than other financing options. 
  • The process of approval on a gold loan is swift and doesn’t require much time. 

Hence, searching ‘gold-backed Aadhaar card loan providers near me’ maybe wiser during urgent cash fixes. By opting for Rupeek’s gold loan, individuals can enjoy a range of other benefits as well.

Reasons To Avail Rupeek’s Gold Loan

Listed here are reasons as to why you should avail Rupeek’s gold loan. 

  • Avoid the high interest rates of a conventional Aadhaar card loan with us. Get funds at rates as low as 0.49% per month.
  • Minimise interest payment with instant loan transfer option. Share your current pledge card to transfer your loan and save up to Rs. 12377 every lakh with us.
  • We offer a high per gram value for your gold ornaments. You can get up to 80% LTV of your pledged gold’s value as an Aadhaar card loan in Kadapa with Rupeek. Use the gold loan calculator to assess the loan amount to strategise expenditure. 
  • You can choose to repay the way you want to with our multiple repayment schemes. Pay in fixed instalments or settle the amount as per your convenience during the tenure.
  • With us, you do not need to go out of your home to avail a loan. A loan representative will visit your residence or office to complete all formalities and disburse the loan amount.

Our extensive network in Kadapa lets us reach you in 30 minutes, no matter where you are situated.

Top Localities Where Rupeek Operates In Kadapa

  • Rayavaram
  • Ganganapalli
  • Porumamilla
  • Badvel
  • Galiveedu
  • Rayachoti
  • Rajampet
  • Vontimitta
  • Cuddapah
  • Nandalur

Thus, if you are looking for an emergency loan on Aadhaar card Kadapa, our doorstep service is your best bet. Register with your phone number, and we will get back to you for further processing. 

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Benefits of Gold Loan over Aadhar Card Loan.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
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  • 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. Does Rupeek provide insurance on our pledged gold?

Yes, we offer complimentary gold insurance policy, which remains in effect for the entire tenure. Hence, you do not need to worry about any loss arising out of theft or damage.

  1. Is a CIBIL score of 750 important for an Aadhaar card loan?

Yes, you need to have a CIBIL score of 750 or above to be eligible for a personal loan on Aadhaar card. A lower score may be accepted, but comes at higher rates of interest.

  1. Do Aadhar card loans help pay off rental bills?

There is no end-use restriction on Aadhaar card loans. So, one can use the fund for any financial requirement. 

  1. Can I avail a loan with only the Aadhaar card?

Most financial institutions will also ask for PAN card to verify identity and address. You also need to submit income proof to apply for collateral-free Aadhaar card loan in Kadapa.

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