Madurai is the 3rd largest city of Tamil Nadu, and home to the Minakshi Temple, which attracts several tourists throughout the year.
Along with tourism, Madurai’s economy is based on agriculture, dairy, textile, and jewellery making. The advent of small-scale industries has increased the employment prospects for youths in recent years as well.
These developments have also led to improved standards of living and an increase in consumption. However, maintaining a balance between savings and income is essential, for which several individuals opt for easy financing options like an Aadhaar card loan in Madurai.
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A personal loan on Aadhaar card Madurai is a convenient way to access funds up to Rs. 50 lakhs. It reduces the hassle of documentation as only Aadhaar card is required for identity and address verification.
Many financial institutions offer one-click application to simplify the disbursal process of a quick personal loan using Aadhaar. Interested borrowers can receive sufficient loan value to cover large-scale expenses like marriage, travel plans, and purchasing equipment easily.
Although this financing option removes the obstacle of waiting, certain variables put forth by financial institutions can make it unlikely during an emergency.
The eligibility criteria for an emergency loan on Aadhaar card Madurai as set by financiers generally include these parameters.
Criteria |
Requirements |
Age Limit |
At least 21 years and not more than 60 years |
Credit Score |
750 and above |
Employment type |
Both salaried and self-employed |
Nationality |
Indian Citizenship |
A potential borrower might have to submit certain additional documents if the financial institution mandates it, apart from eligibility.
The documents for a loan on Aadhaar card usually include –
Fulfilling these criteria can be troublesome for a potential borrower desiring a loan on Aadhaar card without salary. As the instant cash loan on Aadhaar is issued without collateral, the lenders are strict concerning eligibility checks. Under these circumstances, you can avail a gold loan as an alternative when you search for ‘Aadhaar card loan lenders near me’.
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The benefits that make a gold loan a better financial option over an instant loan on Aadhaar card are –
These benefits substantiate a gold loan as a reliable liquidity solution during an emergency. Apart from these features, Rupeek’s doorstep service and LTV up to 80% make this financial product even more beneficial for individuals.
Rupeek offers preeminent gold loan features and repayment schemes. Starting from doorstep loan services to easy balance transfer, we offer the best user experience.
Some of our features to check are –
We also provide certain customised features to simplify getting an Aadhaar card loan in Madurai against gold.
Rupeek’s doorstep loan disbursal process takes around 30 minutes. Our loan managers will contact you to set a date for KYC verification instantly after you apply. After document verification and gold purity authentication, the amount is sanctioned to your registered account.
We ensure best-in-class security of the pledged gold items. The collected gold is carried in a GPS-enabled bag to and from the nearest bank’s vault. Moreover, Rupeek offers complimentary insurance on your gold assets against theft and accidents.
Our existing borrowers can access additional funds by pledging supplementary gold assets. The Rupeek Quick facility lets access to an instant credit line via one click any time. Moreover, the interest is levied on the withdrawn amount only, thus ensuring more savings compared to if you’d have taken a loan.
If you are interested in availing a gold loan from Rupeek in Madurai, check out the locations mentioned below.
When planning to avail an Aadhaar card loan in Madurai, weigh the pros and cons of both unsecured and secured variants to determine which option suits you well. Assess it against your income stability and financial capacity to that end.
Yes, many financial institutions offer an Aadhaar card loan application option on their official website.
Banks and NBFCs offer an Aadhaar card loan to both salaried and self-employed customers.
You can get any loan amount ranging within Rs. 15000, and Rs. 1.5 crores from Rupeek. It depends on the pledged gold items and the effective loan-to-value ratio.
Yes, availing a gold loan from Rupeek doesn’t require submission of additional documents. Potential borrowers just need to submit KYC documents.
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