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Aadhar Card Loan in Kolkata
aadhar-card-loan-in-Kolkata

Aadhar Card Loan in Kolkata

Nicknamed the ‘cultural capital of India’, Kolkata is one of India’s five metropolitan cities. The economy of this city largely relies on the service sector. The flurry of large-scale industries has also helped to maximise this city’s economic activities.

While the cost of living in Kolkata is moderate than other major cities of India, it still requires considerable purchasing power to live in this city. Also, managing any financial obligation after meeting the necessities can be difficult, and an Aadhaar card loan in Kolkata can help them bridge this financial shortfall.

Features Of A Loan On Aadhaar Card

An Aadhaar card loan in Kolkata is a sub-type of personal loans where one need to submit their Aadhaar card as the sole KYC document. Moreover, it also acts as an address proof, and since it has the biometric information of an applicant, it abbreviates the verification process.

Here are some prominent features of a conventional personal loan on Aadhaar card Kolkata –

  1. No end-use restriction
  2. Collateral-free
  3. Nominal documentation
  4. Interest rates starting at 11%
  5. Loan up to Rs. 50 lakhs
  6. Repayment period up to 60 months or 5 years

However, one needs to meet the eligibility criteria of a personal loan Kolkata against Aadhaar card, and submit necessary documents to avail this financial product.

Eligibility And Documentation Of Aadhaar Card Loan In Kolkata

Borrowers need to submit the following documents to complete the application process of instant loan on Aadhaar card

  • Bank account statement
  • Income proof (salary slip, ITR documents)
  • Employee ID card

Along with this, one needs to meet the following eligibility requirements to avail an immediate loan against Aadhaar card –

  1. A credit score of 750 or above
  2. Credit repayment history without any defaults
  3. Have a regular source of earning that meet the monthly income requirements of a lender

Financial institutions may have additional requirements for extending an instant cash loan on Aadhaar. Check these out when looking up ‘Aadhaar card loan lenders near me’.

However, such stringent eligibility criteria of an unsecured Aadhaar card loan in Calcutta can make it a difficult financing method to opt for. To this end, people can turn to an Aadhaar card loan against gold.

Being a secured credit mode, gold loans offer more convenient features, and one must know the difference between these two to make an informed decision.

Distinctions Between Aadhaar Card Loan And Gold Loan

Here are some common differences between these two financial products that every prospective customer must know –

Points of difference

Gold loan

Aadhaar card loan

Eligibility criteria

Relaxed

Stringent

Documentation needed

Only KYC documents

Aadhaar card, income proof, bank account details

Processing time

A couple of hours

24-48 hours

Based on this difference, it is fair to assume that gold loan fares better than an Aadhaar card loan in Kolkata. When you opt for a gold loan from Rupeek, you stand to benefit even further with features like an overdraft facility against gold and doorstep loan. Read along to know the full list of features you can enjoy with us.

Standout Features Of A Rupeek Gold Loan

Here are some features of Rupeek that makes us a preferred partner for many –

  1. Easy Eligibility Criteria

An applicant needs to be above 18 years and possess necessary KYC documents to be eligible for this financing option. Unlike any unsecured paperless loan Kolkata, applicants need not submit any income proof to get funds from us.

  1. Hassle-free Repayment

The rate of interest levied by Rupeek starts from as low as 0.79% per month, which makes interest payments more affordable. Also, different repayment schemes introduced by us makes the entire process more accessible.

Borrowers can opt for a traditional EMI payment or choose to pay as per their convenience under the ‘no-tension’ plan.

  1. Considerable Loan Amount

With our high per-gram rate, borrowers can avail an Aadhaar card loan in Kolkata up to Rs. 1.5 crores against their gold articles. They can also use our gold loan calculator to calculate the loan amount they are eligible for.

  1. Class-Leading Safety Measures

We follow advanced security measures for pledged gold items. Our loan managers use GPS-enabled bags to transport these gold items from and to the borrower’s house. Furthermore, we store them in high-security vaults with our lending partners. We also offer complimentary insurance coverage during the loan tenure to safeguard the financial interests of a borrower.

  1. Convenient Loan Transfer Process

Save up to Rs. 12,377 per lakh on repayments by transferring the gold loan to us. The process is straightforward. Pay the total interest payable to the current lender and share the existing pledged card with our loan manager to initiate the process.

  1. Gold Overdraft Facility

At Rupeek, we have introduced a gold overdraft facility named Rupeek Quick to help our borrowers meet their financial obligations without delay. Under this facility, our current borrowers can pledge additional gold to avail more funds, eliminating the need of getting a new loan.

Rupeek Quick also allows borrowers the freedom to withdraw funds at their will and pay interest on the amount they utilise.

  1. Doorstep Loan In 30 Minutes

The doorstep services offered by us further increase the convenience of our customers. They can now skip the hassle of visiting an Aadhaar card loan centre and receive the necessary funds from the comfort of their house. Following their online application, our loan managers will visit their address in just 30 minutes to provide needed services.

Furthermore, our presence in the prominent areas of Kolkata enables us to offer such a prompt service.

Place Of Kolkata Where Rupeek Operates

  • Ballygunge
  • Baghajatin
  • Behala
  • Baranagar
  • College Square
  • Dum Dum
  • Dharmatala
  • Esplanade
  • Ganesh Chunder Avenue
  • Hastings
  • Jadavpur
  • Kalighat
  • Park Circus
  • Park Street
  • Taltala
  • Tollygunge

Avail a gold-backed Aadhaar card loan in Kolkata and bid adieu your financial woes. Avoid lengthy documentation & hefty interest rates with Rupeek and enjoy loans up to Rs. 1.5 crores.

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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% 0.79%
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 difference between a PAN card loan and an Aadhaar card loan?

There is no difference between these two financial products. They offer similar benefits. In case of a loan against PAN card, you need to submit the same as your only KYC document.

  1. Is it possible to get a loan on Aadhaar card without salary?

Yes, it is possible to get this financial product without being a salaried employee. However, you need to submit required income proof such as income tax return papers to comply with the lender’s requirements.

  1. Is it possible to get an Aadhaar card loan with a low CIBIL score?

Lending institutions rarely extend a collateral-free Aadhaar card loan in Kolkata to any applicant with a low CIBIL score. However, you can avail an Aadhaar card loan against gold without a credit score from us.

  1. What are mini loans?

Mini loans online are a quick financing method and a sub-type of unsecured loans. Even though these cash loans are available instantly, the interest rate and processing charges levied on them are high.

  1. Is there any foreclosure option available with Rupeek gold loans?

Yes, Rupeek provides a foreclosure option with its gold loans.

  1. Is there any online payment facility provided by Rupeek?

We offer an online payment facility. You can go to the dedicated online payment portal, and log in with the OTP sent to your registered mobile number to check your account details. Afterwards, you can make the necessary payments.

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