Aadhar Card Loan in Kochi

Aadhar Card Loan in Kochi

Nicknamed as the ‘Queen of the Arabian Sea’, Kochi is an important port city of Kerala. It has a long history of foreign trade, and it is still one of the largest ports of this country. The modern city is touted as the commercial hub of Kerala, and financial, IT, and manufacturing are some of the main sectors operating here. Along with that, Kochi is a notable tourist destination as well.

Living in Kochi is an expensive affair, and considerable financial strength is necessary to meet additional expenses after meeting the necessary ones. To relieve this burden to a certain extent, one can opt for an Aadhar card loan in Kochi.

Aadhar Card Loan In Cochin – A Quick Financing Solution

An instant loan on Aadhar card is an unsecured mode of financing that requires minimal documentation to be availed. One can get funds by submitting the Aadhar card as the primary KYC document.

An Aadhar card contains the biometric information of an individual, and it also doubles up as an address proof. Therefore, submitting it streamlines the documentation process and saves time.

Nevertheless, to complete the application process of an Aadhar card loan in Kochi, one needs to submit the following documents as well –

  • Bank account statement
  • Income proof such as ITR documents and salary slips
  • Company identity card (if salaried)

One can check the Aadhar card loan details available on a lender’s website to know more about it.

Features Of An Instant Cash Loan On Aadhar

Here are the notable features of a personal loan on Aadhar card Kochi that makes it a preferred borrowing option for many –

  • Collateral-free
  • No end-use restrictions
  • Short documentation process
  • Quick processing
  • Tenure up to 5 years

Along with its borrower-friendly features, one must also know the limitations of an emergency loan on Aadhar card Kochi to make an informed decision.

Pros And Cons Of An Immediate Loan Against Aadhar Card

Here is a concise representation of the advantages and disadvantages of personal loan Kochi for borrowers to make an informed decision –



Short documentation process

High interest rate

Needs no collateral

Considerable processing fee

Faster approval

Stringent eligibility criteria

Therefore, it is fair to say that an Aadhar card loan in Kochi cannot be accessible by everyone. Moreover, the cost of borrowing for this financial product also increases the financial burden of a borrower.

Hence, instead of searching for ‘Aadhar card loan providers near me’ one can opt for a gold loan for a better borrowing experience.

Gold Loan Is A Better Alternative – Know Why

In the case of gold loans, one needs to keep gold ornaments as collateral and avail funds against it. Being a secured mode of credit, one can enjoy the following benefits from a gold loan.

  • Similar to its Aadhar card loan counterpart, it also offers restriction-free usage. So, one can meet an array of requirements.
  • Being a secured financing method, it comes at low-interest rates.
  • Also, eligibility checks are less stringent.
  • Additionally, gold loans get approved in a couple of hours, which is quicker compared to an unsecured instant cash loan on Aadhaar.

Nevertheless, one needs to select a reliable gold loan provider to make his/her borrowing hassle-free and convenient. In this regard, Rupeek is a name to consider. Owing to its class-leading features like doorstep services and repayment flexibility, it provides a pleasant customer experience.

Features Of Rupeek To Lookout For

Here are some notable features of Rupeek that make us stand out from our competitors –

  • We offer one of the highest per-gram rates that enable applicants to avail up to Rs. 1.5 crores. They can use our gold loan calculator to know more details.
  • Also, the rate of interest levied by us starts from 0.49% per month, making loan repayments more affordable.
  • Our lenient eligibility terms require one to be above 18 years and have valid KYC documents to avail funds.
  • The loan transfer facility offered by us enables borrowers to save up to Rs. 12,377 per lakh on repayments.

Apart from these, we also offer an overdraft facility to help borrowers access funds at their convenience.

Gold Overdraft Facility By Rupeek

We have introduced a gold overdraft facility to increase the convenience of our customers. Popularly known as Rupeek Quick, it aids our current borrowers to pledge additional gold and get more funds.

Customers have the freedom to use this fund as per their will and pay interest only on the amount they use.

Furthermore, our presence in the top localities of Kochi helps us to provide you with doorstep services in 30 minutes.

Rupeek’s Areas Of Service In Kochi

  • Aluva
  • Airport Road
  • Infoparkkochi
  • Kakkanad
  • Kalamassery
  • Kumbalangi
  • Mattancherry
  • Muvattupuzha
  • Perumbavoor
  • Palarivattom
  • Tripunithura
  • Willingdon Island

Even though the features of a collateral-free Aadhar card loan in Kochi are seemingly convenient, its disadvantages make it a challenging financial product to avail. Contrarily, the favourable loan terms of gold-backed financing options offer more accessibility to meet any requirements. Moreover, with Rupeek applicants can now avail an instant online gold loan at their doorstep.

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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 apply online for a Rupeek gold loan?

You can apply online to get funds from Rupeek. You can register your mobile number to initiate this process, and a company executive will contact you to guide you through the process.

  1. Is it possible to get funds against gold from Rupeek with a low CIBIL score?

Yes, you can get a gold loan from Rupeek with a CIBIL score below 750.

  1. What is a mini loan?

A mini loan online is a short-term unsecured financial product. Even though it is available without any delay, the rate of interest charged here is high. Also, it does not offer any repayment flexibility like gold-backed financing plans from Rupeek.

  1. What is the purpose of an Aadhar card loan calculator?

A calculator helps applicants of Aadhar card loan in Kochi to find out the particulars of their borrowing. They can check their EMIs, interest payable and total amount payable instantly. They can also adjust different factors to find a plan that suits their need.

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