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Aadhar Card Loan in Noida
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Aadhar Card Loan in Noida

Located in the state of Uttar Pradesh, Noida is a planned industrial city, which was established in 1976 under the UP Industrial Area Development Act 1976. It has been granted a special economic zone status and is located approximately 26 kilometres away from New Delhi. Noida is a major hub for the entertainment industry; it houses the most successful music company in India- T-series.

Moreover, this city also serves as the headquarter for Paytm, which is one of the fastest-growing startups in India. As per reports, this city accounts for 10.12% of Uttar Pradesh’s GDP and, individuals residing here have a higher per capita income then Delhi. However, the increasing cost of living has been a challenge for most individuals.

Hence, financial products, such as Aadhaar card loan in Noida, are growing in popularity. One can use such forms of credit to finance various expenses, like weddings, vacations, medical emergencies and more. Nevertheless, before initiating the application procedure, its essential to know the Aadhaar card loan details.

Eligibility Criteria For Aadhaar Card Loan in Noida

Individuals must satisfy the following requirements to avail a quick personal loan using Aadhaar card:

Criterion

Requirements

Age

Age of an applicant must be age between 21 and 60 years.

Credit score

Credit score of an individual should preferably be above 750.

Nationality

Applicant must be a citizen of India.

Stable monthly income

The individual must be a salaried or self-employed, with a stable source of income. The monthly income may vary depending on the financial institution.

Once an applicant fulfils the eligibility criteria for an instant cash loan on Aadhaar, the following documents are verified by the financial institution:

  • Aadhaar card
  • PAN card
  • Proof of income such as latest salary slips, last 6 months’ bank account statements and ITRs of the past 2 years (in case of self-employed individuals)

The eligibility criteria and documentation process for an Aadhaar card loan may vary based on the policies of the lending institution. However, before searching “Aadhaar card loan apply online”, it is imperative that you become aware of its drawbacks.

Disadvantages Of An Aadhaar Card Loan

The following are the disadvantages of an Aadhaar card loan in Noida:

  • Stringent eligibility criteria
  • Rigorous documentation process
  • The maximum amount of loan that can be availed is Rs.30 lakh
  • High interest rate
  • Rigid repayments

Due to the disadvantages mentioned above, availing a personal loan against Aadhaar card can be a challenge for most individuals. Similar to many residents of Noida, if you’re not able to meet the eligibility criteria, opting for a gold loan instead can be an effective solution.

A loan against gold is a secured advance that a lending institution sanctions to borrowers who pledge their gold ornaments. The features of this form of credit are considered to be even better than that of a conventional Aadhaar card loan in Noida. Some gold loan providers like Rupeek offer additional benefits that can help finance your expenses with ease.

Features Of Rupeek’s Gold Loan

Individuals can be a beneficiary of the following features if they choose to avail a gold loan from us instead of a loan on Aadhaar card:

  • Lenient Eligibility Criteria

Unlike an Aadhaar card loan, our gold loan has relaxed eligibility criteria. Individuals above the age of 18 years can apply for our services. Moreover, your credit score is not taken into account. You are eligible for an immediate loan against gold even if you have a low CIBIL score.

  • Minimal Documentation

If you’re looking for a loan on Aadhaar card without salary documents, a gold loan is an ideal option. Applicants do not need to possess any income proof documents, such as ITRs or salary slips; You are only required to submit your KYC documents.

  • Low-Interest Rates

Our interest rates start from 0.79% p.m. and are lower than Aadhaar card loan interest rate Noida. Nevertheless, the rates may differ depending on your location and the type of scheme you choose to avail. We offer two types of schemes - regular rebate and no tension. Make sure to opt for the scheme which is best suited for your requirements.

  • Instant Loan Disbursal

Our gold loan is disbursed much faster than an Aadhaar card loan in Noida. Once the authorised loan manager completes the mandatory formalities, the sanctioned loan amount is transferred immediately into your account.

  • Line of Credit Against Gold

Besides providing immediate loans against gold, we also offer a gold loan overdraft facility known as Rupeek Quick. By opting for this facility, you can withdraw cash anytime, as per your requirements without any hassle. Moreover, this facility enables you to pay interest only on the amount you utilise.

Besides these features, we also offer a doorstep loan facility, enabling you to avail our services from your preferred location. Download our app or visit our website to place a request. Our loan manager will reach your location within 30 minutes to complete the KYC verification and gold valuation process. Residents of various areas in Noida can avail our doorstep service.

Areas Where Rupeek Operates In Noida

Our doorstep loan can be availed by individuals residing in the following areas:

  • Gurjinder
  • Sec 16
  • Greater Noida
  • Sec 122
  • Rabupura
  • Sec 128
  • Dadri
  • Sec34
  • Phase-II
  • Sec 27
  • Sector 125
  • Sector 30
  • Sec 12
  • Maharshi Nagar

Your search for the best “Aadhaar card loan provider near me” can now come to a close. Apply for a gold loan instead of an Aadhaar card loan in Noida and fulfil all your financial requirements with the most convenience.

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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 longest tenure of an Aadhaar card loan?

The maximum loan tenure in case of a personal loan on Aadhaar card Noida is 5 years. Nevertheless, it may vary from one financial institution to another.

  1. What are the factors that influence the Aadhaar card loan interest rate Noida?

The interest rate on an Aadhaar card loan depends on the credit score and the income of the applicants. Individuals have to pay lower interest rates if they have a high credit score.

  1. What is the maximum and minimum amount of a gold-backed Aadhaar card loan in Noida?

The maximum and minimum gold loan amount that can be availed from us is Rs. 1.5 crore and Rs. 15,000 respectively.

  1. What are the safety measures undertaken by Rupeek to keep my gold safe?

Once the valuation process is complete, your gold is transported to the authorised bank branch in a secure bag, equipped with a GPS tracker. Once the gold arrives there, it is stored in a vault under bank-grade security. In addition to this, we provide 100% door to door security.

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