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.
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:
This financing option may seem suitable for an urgent expense, but stringent eligibility checks can delay the disbursal process.
Lending institutions check the following criteria to sanction a loan using Aadhaar card –
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.
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.
Are you looking for some exclusive features? Well, Rupeek has some tailored features for you. Check them out!
We provide flexible repayment schemes to our customers, like –
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.
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.
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 –
Individuals can enjoy our doorstep service in the following localities in Ludhiana –
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.
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.
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.
It depends on the frequency of repayments. The more regular you are with repaying, the higher refund you are eligible for.
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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