North 24 Parganas
Aadhar Card Loan in North 24 Parganas
aadhar-card-loan-in-North 24 Parganas

Aadhar Card Loan in North 24 Parganas

Located in the Southern part of West Bengal, North 24 Parganas is the most populated district of the state, as well as, the second most populated district of India. As the capital of West Bengal, Kolkata lies in this district; North 24 Parganas extracts massive benefits from the city both in terms of revenue and employment opportunities.

Although North 24 Parganas is one of the more developed districts of the state, residents often struggle to meet their personal financial obligations due to various shortfalls induced by dwindling job opportunities, high cost of living, etc. In such cases, financial products like an Aadhaar card loan in North 24 Parganas can serve as a viable funding solution to alleviate financial woes.

Features Of Aadhaar Card Loan In North 24 Parganas

An Aadhaar card loan is an unsecured financial solution which helps borrowers to meet any number of personal financial requirements. However, before availing a personal loan on Aadhaar card in North 24 Parganas, individuals must possess sound knowledge about the features of this quick funding option -

  • Collateral-Free Loans: As stated earlier, an Aadhaar card personal loan is unsecured in nature, which means borrowers can avail the sanctioned amount without pledging any collateral.
  • No-End Use Restrictions: Aadhaar card loans have no end-use restrictions. Individuals can use the loan amount to meet any personal financial obligation.
  • Interest Rate: Aadhaar card loan interest rate in North 24 Parganas varies from one bank to another, as well as, per the borrower’s credit profile. However, since these are unsecured instant funding options, they come with a higher interest rate.
  • Eligibility: The eligibility criteria of Aadhaar card financing for personal usage is the same as that of a traditional personal loan. Banks and NBFCs provide quick personal loan using Aadhaar to both salaried and self-employed individuals. Though the required eligibility criteria depend on the lender, the basic parameters that are taken into consideration include the age of an applicant, a credit score of 750 or above, repayment pattern and history, etc.
  • Documentation: The documentation requirements of Aadhaar card loan apply online process not only mandates uploading a scanned copy of one’s Aadhaar card but also demands other financial documents during the process. For instance, salaried individuals are required to upload their payment slips. On the other hand, self-employed individuals need to submit profit and loss statements and other documents, as demanded by the lender.

Drawbacks Of Aadhaar Card Loan In North 24 Parganas

Funding avenues like Aadhaar card loans have several drawbacks that overshadow their benefits to quite an extent.

As these loans are unsecured in nature, lending institutions demand high interest rate to reduce the risk of future default. Further, the strict eligibility parameters of Aadhaar card personal loans minimise the ease of their accessibility during emergencies.

In cases like this, residents of North 24 Parganas can opt for gold-backed Aadhaar card loan as a convenient and hassle-free borrowing option.

Gold Loan - A Smart Alternative

During a financial crisis, individuals can leverage the equity of their gold assets and meet both planned and unplanned expenses with ease.

The following table justifies how gold-backed Aadhaar card personal loans can become a smart alternative to traditional personal loans availed against this document.

Parameters

Loan On Aadhar Card For Personal Usage

Gold-backed Aadhar card loan for personal usage

Loan type

Unsecured

Secured

Eligibility criteria

Stringent, wherein borrowers need to meet credit score requirements, have a certain level of income, etc.

Borrowers only need to possess KYC documents.

Interest Rate

Higher

Lower

Documentation

KYC documents as well as other financial documents like salary slips.

Only KYC documents.

CIBIL Score

750 or above

Not required

Tenure

1-5 years

4-6 months

Individuals willing to avail gold-backed Aadhaar card loan in North 24 Parganas must be wondering which lending institutions to choose as their financial partner. In this regard, our financial services offered at Rupeek can be extremely useful.

Reasons To Opt For Rupeek’s Financial Services

Rupeek offers 100% transparent gold loan disbursal facilities and easy repayment schemes. Potential borrowers can expect the following features and benefits from our gold loan -

  • Quick Disbursal

Rupeek’s financial services assure quick loan disbursal within 45-60 minutes. As the documentation process involves verifying only the KYC documents, our gold loan can be viable financial support to address emergencies.

  • Doorstep Services And Access To Higher Loan Amount

To facilitate easy access to cash, Rupeek offers instant doorstep gold loan services. Individuals can avail gold-backed Aadhaar card loan of up to Rs. 1.5 crores from the comfort of their home or office and meet their personal obligations without hassle.

  • Reduced Interest Rate

By availing a gold-backed Aadhaar card loan in Barrackpore from Rupeek, individuals can enjoy a lower cost of borrowing. With only 0.69% interest rate per month, individuals can manage the gold-backed Aadhaar card loan amount efficiently.

  • Convenient Repayment Options

With Rupeek, repaying the instant loan on Aadhaar card against gold has been streamlined to quite an extent. Contrary to regular EMI payments against traditional Aadhaar card loans, Rupeek offers flexible repayment schemes. Individuals can repay the borrowed amount either via monthly EMIs, or they can pay as per their convenience any time within the 6 months gold loan tenure. 

  • Highest LTV

We offer the highest LTV in North 24 Parganas. Individuals can enjoy an LTV of up to 80% of their pledged gold’s value. Also, by using the gold loan calculator, borrowers can assess the loan amount they are eligible to avail in advance and spend it judiciously.

  • Gold Overdraft Facility

Also known as ‘Rupeek Quick‘, our overdraft facility helps borrowers to secure a credit line against the pledged gold. Through this facility, not only can they get a chance to save on interest but also enjoy the advantage to withdraw cash any time as per their needs.

Since we at Rupeek have reached all the major localities in North 24 Parganas, individuals need not look further while searching for ‘gold-backed Aadhar card loan providers near me’.

Rupeek’s Availability In North 24 Parganas

With Rupeek, seeking financial aid in North 24 Parganas has never been easier. Currently, we are operating in the following areas in North 24 Parganas -

  • Bidhannagar
  • Barasat
  • Dum Dum
  • Baranagar
  • Kamarhati
  • Madhyamgram
  • Barrackpur
  • Naihati
  • North Dum Dum
  • Rajarhat-Gopalpur
  • South Dum Dum
  • Titagarh
  • New Barrackpur
  • Kanchrapara
  • North Barrackpur

Apply now to enjoy doorstep gold-backed Aadhaar card loan in North 24 Parganas from 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% 0.69%
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. Can I get a gold-backed Aadhaar card loan against gold bars?

No, you cannot get a gold-backed Aadhaar card loan against gold bars. Rupeek’s partner bank only accepts gold jewellery of 18 carats or above.

  1. What is the process of applying for a gold loan with Rupeek?

First, you have to request a gold loan by downloading the Rupeek app or visiting the website or by placing a phone call. The next step involves the verification of KYC documents and gold valuation at home. Once complete, the loan amount will be transferred to the borrower’s account.

  1. Do I need a co-applicant while applying for a personal loan on Aadhaar card?

Usually, you need not have a co-applicant while applying for a personal loan on Aadhaar card.

  1. Can I get a personal loan on Aadhaar card without submitting my PAN card?

Yes, you can get a personal loan on Aadhaar card without submitting PAN card. However, you will need to provide specific other financial documents demanded by the lender.

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