Aadhar Card Loan in Karimnagar

Aadhar Card Loan in Karimnagar

Situated on the banks of Manair River, Karimnagar is the fourth-largest city of Telangana. The presence of numerous temples and forts like Elgandal Fort, Ramagiri Fort, Kondagattu Anjaneya Swamy Temple, and Vemulawada have always attracted tourists.

Apart from the granite and agro-based industries, several small-scale enterprises contribute to Karimnagar’s economy sizeably. To strike a perfect balance between the growing economy and modern lifestyle, people often resort to financial products like Aadhaar card loan in Karimnagar.

Purpose Of Availing An Aadhaar Card Loan

Aadhaar card loans are unsecured funding, meaning individuals need not pledge any collateral. Individuals can avail a quick personal loan using Aadhaar card and meet various personal requirements, including:

  • To fund a child’s higher education
  • To consolidate debts
  • To renovate house
  • To cover medical expenses
  • To purchase household appliances
  • To fund travel, marriage expenses

Aadhaar Card Loan In Karimnagar - Eligibility Criteria

To maximise the loan approval chances, one must fulfil the eligibility criteria before applying. The requirements to avail a personal loan on Aadhaar card in Karimnagar are same as that of traditional personal loans. Most banks and NBFCs enquire about factors like,

  • Age of the borrower
  • Credit score
  • Income level
  • Repayment history and pattern
  • Employment type (salaried or self-employed individual)
  • Employment history

Loan On Aadhaar Card Apply Online - Documentation

As the titular financial product suggests, individuals must upload the scanned copy of the Aadhaar card to apply for the same. However, certain key financial documents need to be uploaded during the process.

The essential documents that both salaried and self-employed individuals must provide are listed in the table below.

Loan on Aadhaar Card Documentation

Salaried individuals

Self-employed individuals

1. Salary slip of last 3 months

2. Bank statements of previous 6 months’

3. Form 16

1. Proof of business existence

2. Certificate of Incorporation

3. Certificate of registration

4. ITR of previous 2 years

5. Audited P&L statements and balance sheet

The list of documents mentioned above is generic. Lending institutions may ask for additional documents depending on their policies

During a liquidity crisis, individuals can take an emergency loan on Aadhaar card in Karimnagar. However, these quick financing tools have specific features that reduce its availability at times of need.

The unsecured nature of Aadhaar card loans compels lenders to impose high interest rates, making these financing tools costly. Also, the stringent eligibility checks and requirements like 750+ credit score of instant cash loan on Aadhaar create hindrances during the loan application and approval.

In such cases, individuals looking for instant financing can choose a gold-backed Aadhaar card loan in Karimnagar as alternative funding due to its numerous advantageous features.

Gold-backed Aadhaar Card Loan In Karimnagar – Brief

The benefits of availing gold-backed Aadhaar card loans in Karimnagar instead of the traditional Aadhaar card financing are discussed below.

  • Gold-backed Aadhaar loans are secured funding facilities. That is why lending institutions can offer these loans at a comparatively lower cost.
  • The minimal documentation of these types of secured financial products ensures quick and hassle-free loan approval and disbursal.
  • Since gold-backed Aadhaar card loan in Karimnagar are secured loans, banks and NBFCs do not enquire about credit history. Hence individuals with low CIBIL can also apply for the same.

Thus, choosing a gold loan when searching for ‘Aadhaar card loan providers near me’ may be more fruitful for individuals. To make it even more beneficial, borrowers can choose Rupeek.

Rupeek – Your Reliable Financing Partner

The financial services offered at Rupeek ensure optimal convenience and hassle-free loan experience. One can secure a gold-backed Aadhaar card loan in Karimnagar from Rupeek for the following reasons:

  1. Loan Disbursal In Less Than An Hour

Unlike an immediate loan on Aadhaar card, which takes 24 hours to get disbursed, Rupeek guarantees gold-backed Aadhaar card loan in less than an hour. The minimal documentation, including only KYC document verification and gold appraisal and loan amount transfer to the borrower’s account, gets finished in 45-60 minutes.

  1. Doorstep Loan Up To Rs. 1.5 Crore

During an urgent cash requirement, clients of Rupeek can enjoy doorstep instant gold loan services. With guaranteed access to a higher loan of up to Rs. 1.5 crores, individuals of Karimnagar can promptly meet any emergency medical expenses and other personal obligations.

  1. Unbeatable Interest Rates

By taking Rupeek’s gold-backed Aadhaar card loans, individuals can bid adieu to the traditionally high Aadhaar card-based borrowing cost. With a starting interest rate of 0.49% per month, individuals can easily manage interest payment.

  1. Maximum LTV

At Rupeek, individuals are assured of getting LTV up to 80%. To provide a clear understanding of the loan amount, we, at Rupeek, offer user-friendly gold loan calculator.

  1. Hassle-free Repayment

Rupeek has specifically curated the gold-backed Aadhaar card loan in Karimnagar repayment process to enhance its usability among borrowers throughout the gold loan tenure. Clients of Rupeek can enjoy a flexible repayment option and choose to repay in instalments or any time within the loan quantum.

Besides these benefits, borrowers can also enjoy our overdraft loan against gold to smooth out their liquidity issues.

Overdraft Loan Against Gold From Rupeek

Also referred to as ‘Rupeek Quick’, it equips borrowers with a credit line. Individuals can withdraw cash from the sanctioned credit limit during urgent or frequent cash requirements without any restriction. Plus, they can save a considerable amount of interest, which helps them further reduce borrowing costs.

Those who are willing to avail the above-mentioned financial services of Rupeek in Karimnagar can contact us, as we have extended our services in all the major locations in here.

Availability Of Rupeek In Karimnagar

Enjoy the doorstep gold-backed Aadhaar card loan in Karimnagar from Rupeek in the following locations.

  • Kothapalli
  • Ramadugu
  • Gangadhara
  • Ramnagar
  • Choppadandi
  • Thotapalli
  • Manakondur
  • Jawaharnagar
  • Pullur
  • Elgandal
  • Mukharampura
  • Jammikunta

Meet all your personal obligations by availing gold-backed Aadhaar card loan in Karimnagar from Rupeek. Enjoy low-cost funding at your doorstep in just 30 minutes.

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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. Can I get a gold-backed Aadhaar card loan against a gold coin?

Unfortunately, you cannot get a gold-backed Aadhaar card loan against gold coins. Our partnered banks only accept gold jewellery of 18 carats or above.

  1. How much loan amount can I get on Aadhaar card loan?

Banks and NBFCs decide the loan amount of Aadhaar card financing based on the applicant’s credit score and repayment pattern.  However, the applicant’s income level is also taken into consideration while deciding the loan amount.

  1. Can I choose for partial gold loan repayment?

You can partly repay your gold loan. You must pay any amount between the monthly interests and the full-closure sum.

  1. Where can I get an instant cash loan on Aadhaar card in Karimnagar?

You can apply online for an Aadhaar card loan in Karimnagar. Or else, you can search for ‘Aadhaar card loan near me’ to view the financial institutions that offer this financing option in your vicinity. Visit their nearest branch to apply in person.

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