Aadhar Card Loan in Ludhiana

Aadhar Card Loan in Ludhiana

Ludhiana is the largest city in Punjab. It is renowned as a manufacturer and producer of bicycles alongside industrial goods, household appliances, machine & auto parts, and apparel. The city is also home to a prominent hosiery market, creating job prospects for numerous residents.

These flourishing sectors have escalated the living standards of denizens considerably over the past two decades. Keeping pace with such growth often requires external funding assistance. Individuals can consider an Aadhaar card loan in Ludhiana to address these concerns.

What Are The Features Of An Aadhaar Card Loan?

It’s a sub-variant of a conventional personal loan. As the name suggests, the Aadhaar card is the primary KYC document one needs to submit.

Some of the essential features of an emergency loan on Aadhaar card Ludhiana are:

  • It does not have any end-use restriction.
  • One can get a maximum of Rs. 50 lakhs as a quick personal loan using Aadhaar.
  • Most financial institutions do not ask for collateral.
  • The loan tenure can extend up to five years.

This financing option may seem suitable for an urgent expense, but stringent eligibility checks can delay the disbursal process.

Who Is Eligible For A Personal Loan Using Aadhaar?

Lending institutions check the following criteria to sanction a loan using Aadhaar card –

  • CIBIL score, preferably above 750+
  • Good credit history
  • Stable income source
  • Bank statements
  • ITR details

It shall be noted that one cannot avail a loan on Aadhaar card without salary or a regular source of income. Also, a low credit score can invite higher interest rates or rejection of an application.

Individuals struggling to clear these terms can seek a secured option, like a gold-backed facility when looking up ‘Aadhaar card loan providers near me’. It comes at low interest rates, irrespective of a person’s credit score and income stability. Plus, the loan quantum depends on the pledged gold’s quality and quantity rather than their income.

One can reap additional benefits if they select Rupeek, including instant doorstep service, hassle-free documentation, and many more. Check out the following section to learn more about our gold-backed personal loan on Aadhaar card Ludhiana.

Why Consider Rupeek Gold Loan?

Want a way out from the fuss of fulfilling Aadhaar card loan apply online eligibility norms? Rupeek has the perfect gold loan option for you. You can receive a fund against a gold-backed immediate loan in your account within 30 minutes by just submitting KYC documents.

Here are some of our standout features.

  • Unlike the lower fund against Aadhaar card loan in Ludhiana, through Rupeek, borrowers can avail up to Rs. 1.5 crores against their pledged gold.
  • Individuals can also use our online gold loan calculator to estimate the loan amount against gold assets beforehand.
  • The interest rate levied on our gold loan can save one from the excessive strain of interest payment. Our interest rate starts from 0.49% per month.
  • Individuals can save on repayments up to Rs. 12377 per lakh with our comfortable loan transfer facility.

Are you looking for some exclusive features? Well, Rupeek has some tailored features for you. Check them out!

  • Healthy Repayment Options 

We provide flexible repayment schemes to our customers, like –

  • You can repay the gold-backed immediate loan in equated in monthly instalments. 
  • We also give you the flexibility to repay the total outstanding amount any time per your convenience before the tenure ends.
  • Doorstep Loan Facility

Rupeek makes the loan availing process convenient with its doorstep services. Following the loan initiation, our loan managers contact the applicant and set a date for verification.

The sanctioned amount is directly transferred to a borrower’s account after the document and gold purity authentication at their house.

  • Preeminent Gold Security 

The collected gold is carried in a GPS-enabled bag to and from the nearest bank’s vault. Moreover, we offer complimentary insurance on the collateral against theft and accident.

  • Rupeek’s Overdraft Loan Against Gold

Also known as Rupeek Quick, this facility is tailored for existing gold loan borrowers. They can secure an extended credit line by pledging some additional gold ornaments.

Some of its benefits are –

  • One can avail fund from the sanctioned limit with one click via the official app.
  • The interest is ideally levied on the withdrawn amount, not on the total credit amount.

Rupeek’s Service Locations In Ludhiana

Individuals can enjoy our doorstep service in the following localities in Ludhiana –

  • Brown Road
  • Gill Road
  • Focal Point
  • Model Town
  • Basti Jodhewal
  • Moti Nagar
  • Dhandari Kalan
  • Shimlapuri
  • Shivpuri
  • Sarabha Nagar
  • Mundian Kalan
  • Basant Avenue
  • Ferozpur Road

A conventional Aadhaar card loan in Ludhiana can present several problems like high rates of interest and rigid eligibility criteria. In this regard, availing a gold-backed Aadhaar card loan can suit a person’s financial interest better. And these benefits can be enhanced by selecting Rupeek.

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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. Do I need to visit Aadhaar card loan centre to avail a loan?

Specific financial institutions let individuals apply online, but they need to be present for KYC verification. They can visit the lender’s nearest branch for that. We also offer doorstep service.

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

You have to submit salary slip as income proof for an unsecured Aadhaar card loan. However, it’s not necessary if you are availing a loan from us.

  1. How can I get refunds on gold-backed Aadhaar card loan repayment with Rupeek?

It depends on the frequency of repayments. The more regular you are with repaying, the higher refund you are eligible for.

  1. What are the payment modes for interest payment offered by Rupeek?

Rupeek allows multiple repayment modes to borrowers. They can pay the interest through internet banking, NEFT, UPI, cards, and money transfer.

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