Aadhar Card Loan in Kakinada

Aadhar Card Loan in Kakinada

The coastal city of Kakinada consists of a diverse industrial base of fertilisers, iron/steel, sugar, petroleum products, edible oil, and biofuel, among others. Apart from this, the city’s economy largely depends on agriculture and fishing, which contributes substantially to the state’s revenue. Kakinada also exports several of its agricultural and seafood products, and others like bauxite powder and biofuel.

With the rapid developments, the expenses to meet basic necessities have also seen a considerable rise. To meet these financial requirements efficiently, an Aadhaar card loan in Kakinada can be an advantageous option. Furthermore, since almost all Indian citizens mandatorily hold an Aadhaar card, borrowing funds has become even more convenient with this facility.

About Aadhaar Card Loan

Aadhaar card loan is a type of personal loan Kakinada. Individuals can avail an instant loan on Aadhaar card by showing only the card as a KYC document and avoiding the complicated verification process’s hassle.

Eligibility Criteria For Aadhaar Card Loan In Coimbatore

To avail a quick personal loan using Aadhaar card, borrowers will have to meet a set of eligibility criteria as mentioned below:

  • The individual should be aged between 21 and 55 years.
  • The applicant must have a CIBIL score of at least 750
  • Must be a citizen of India
  • Should provide valid income tax proof
  • At least a year’s work experience or 2 year’s business vintage

Apart from this, borrowers may have to meet other specific requirements of the respective personal loan provider Kakinada to apply for an instant cash loan on Aadhaar card. If you want to look for the possible loan providers in your city, search forAadhaar card loan provider near me” for quick results.

However, one must note the inconveniences of availing an Aadhaar card loan Kakinada, which might be a fact of concern for several borrowers:

  • Since Aadhaar card loans are unsecured, the interest rate charges are considerably high.
  • Individuals with low CIBIL score may not qualify for the loan amount.
  • Aadhaar card loan centres also charge high processing fees.
  • Individuals have to submit a long list of documents for the verification process besides the Aadhaar card.

All these factors make a conventional Aadhaar card loan in East Godavari a difficult option to access. As an alternative, individuals can turn to a gold-backed Aadhaar card loan. It offers nearly similar benefits but sans the shortcomings mentioned above.

Furthermore, to maximise the benefits one reaps from a gold loan, people can consider Rupeek. 

Benefits Offered By Rupeek

Rupeek provides several industry-leading features that make the borrowing experiences extremely smooth and advantageous.

  • Robust Security 

Rupeek uses GPS-enabled bags to safely carry your pledged gold from your home to the nearest bank vault. Apart from this, Rupeek also offers a door to door insurance policy that guarantees a complete cover in case of any mishap.

  • Convenient Doorstep Service

After you request an application process on our portal, our representatives will visit your home to complete the KYC verification and gold assessing process. Following which, the loan amount is instantly processed and disbursed within a period of 45-60 minutes

  • Highest Gold Value

Rupeek offers the highest per gram rate. Individuals can secure a loan to value proportion of almost 80%, which can be anything between Rs. 15,000 to 1.5 crore. Borrowers can use the gold loan calculator on our website to estimate their eligible loan amount.

  • Flexible Repayment Structure

Rupeek offers you a flexible repayment structure. Borrowers can repay the gold-backed Aadhaar card loan in Kakinada at once, anytime during the tenure, or they can also pay every month.

  • Loan Transfer Facility

Rupeek also allows the option of loan transfer. If you think you are paying higher gold loan interest rates, you can conveniently transfer the outstanding loan amount to Rupeek and save up to Rs. 12,377/lakh. The process is straightforward, and you can enjoy other benefits, like 100% insurance cover and more.

Apart from this, Rupeek also offers an overdraft facility against gold loans known as Rupeek Quick. If you need additional funds, you will be provided with an extended credit line over the current gold loan. The amount is disbursed immediately without any supplementary documentation and Rupeek will charge the interest only on the amount withdrawn from the credit limit set.

Locations We Serve In Kakinada

We serve in multiple locations in Kakinada, like:

  • Rameswaram
  • Sarpavaram junction
  • Indrapalem
  • Thimmapuram
  • Vakalapudi
  • Gandhi Nagar
  • Madhavapatnam
  • Bhanugudi junction
  • Ramanayyapeta
  • Sri Nagar
  • Valasapakala

Therefore, if you feel that financial tools like pan card loan and Aadhaar card loan Kakinada are not adequately beneficial for you, avail an instant online gold loan from Rupeek. Get funds instantly at rates as low as 0.49% and meet all expenses hassle-freely.

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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. What is the maximum loan amount with Aadhaar card loan?

The maximum loan amount you can access with your Aadhaar card depends on the lender and several factors like your CIBIL score, repayment history, and spending profile. Most financial institutions offer up to Rs. 50 lakhs without collateral.

  1. Can I get an Aadhaar card loan without a salary?

Financiers extend loan only when you have a stable income source, irrespective of whether it comes in the form of salary or profits. But, most financial institutions prefer salaried individuals because their repayment capacity can be better pegged.

  1. Is Rupeek gold loan paperless?

Yes, Rupeek gold loan is virtually paperless. All you need to submit are KYC documents.

  1. What kind of gold does Rupeek accept?

Rupeek accepts all kinds of gold jewellery, which are at least of 18 carats. However, we do not accept gold coins or bars.

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