Patiala is a culturally rich city in south-western Punjab and is the fourth largest city in the state. Prominent historical monuments like Sheesh Mahal and Qila Mubarak are some of the state's major tourist spots. It is also home to several renowned educational institutions, besides being a major trade hub for the textile and cotton industry.
The city is also growing rapidly, which is resulting in a surge of survival costs. Resultantly, more residents are seeking financing in the form of personal loans to meet their variegated requirements.
Those seeking such forms of financing often turn to Aadhaar card Loan in Patiala as a potential funding choice. The widespread availability of this personal loan option certainly favours its popularity as a viable source for instant funds.
Like personal loans, Aadhaar loan is an unsecured financing option to meet various big and small-ticket expenses. With no end-usage restrictions, borrowers can channel the funds availed via this loan towards any purpose.
Following are some of the reasons for which you may apply for a loan against Aadhaar card:
Being an unsecured loan option, borrowers are not required to pledge any collateral to avail the funds. They will, however, need to have a clear credit record to become eligible for the loan.
Individuals may need to fulfil additional eligibility requirements, as mandated by the respective financial institution before they initiate the Aadhaar loan apply online process.
Some of the criteria applicants need to fulfil to successfully avail an Aadhaar loan in Patiala are:
Besides the aforementioned requisites, a financial institution may ask for documents like your employment details, bank statements, ITR copy, etc. before approving the loan amount to salaried individuals. For self-employed individuals, lenders can ask for profit and loss statement and balance sheet of the company before ascertaining the Aadhaar loan disbursal amount.
However, meeting such stringent requirements can often pose to be a challenge for potential applicants. Further, being an unsecured loan, Aadhaar loan comes with hefty interest charges that can pose as financial constraints.
If you are already searching for Aadhaar loan near me in Patiala, a gold loan can serve as a convenient alternative. Further, with Rupeek's gold loan, borrowers can optimise their benefits with minimal liabilities.
Some key reasons why Rupeek's gold loan is a convenient option to meet your financing needs include -
We also offer a gold overdraft facility – Rupeek Quick, in case you are looking to extend your credit limit and meet any sudden high-value expenses.
Rupeek Quick is a viable solution for interested applicants looking to avail an extended credit line, without the inconvenience of paying hefty interests. With this overdraft facility, borrowers can withdraw the amount they require from a pre-sanctioned limit and pay interest only on the amount utilised.
To opt for this facility, borrowers will not need to produce any additional identification documents. Thus, with convenient financing and easy accessibility, residents of Patiala can avail our gold loan to maximise their benefits.
Rupeek's widespread network of service locations enables us to be at your disposal at short notice. Here's where we are operating in Patiala -
If you are on the lookout for a gold-backed Aadhaar card loan in Patiala or a gold overdraft facility, reach out to a Rupeek service location or simply register on our website or app with your mobile number. Our loan manager will be in touch to initiate the loan approval and disbursal process.
LTV or loan-to-value ratio is the amount of credit you are eligible to avail with the gold you have pledged. Rupeek offers an LTV of 80% against your pledged gold for maximum benefit.
No, Aadhaar card loan is similar to a personal loan and takes a considerable time to process the paperwork before loan disbursal.
It depends on the lender and the protocols they have for Aadhaar card loan applicants. Alternatively, you can opt for gold loans, which do not list one's income as an eligibility criterion.
No, Rupeek's banking partners only accept gold ornaments with a purity of more than equal to 18 carats only.
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