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.
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 –
One can check the Aadhar card loan details available on a lender’s website to know more about it.
Here are the notable features of a personal loan on Aadhar card Kochi that makes it a preferred borrowing option for many –
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.
Here is a concise representation of the advantages and disadvantages of personal loan Kochi for borrowers to make an informed decision –
Pros |
Cons |
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.
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.
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.
Here are some notable features of Rupeek that make us stand out from our competitors –
Apart from these, we also offer an overdraft facility to help borrowers access funds at their convenience.
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.
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.
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.
Yes, you can get a gold loan from Rupeek with a CIBIL score below 750.
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.
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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