Rajkot is the fourth largest city in Gujarat. It is renowned for being the childhood home of the Father of India’s, Mahatma Gandhi. It has several tourist attractions like Jubilee Garden, Lang Library, Watson Museum, and Rotary Dolls Museum, which attract many visitors throughout the year.
As a result of the booming tourism industry, there is a consistent rise in the number of SMEs and MSMEs in the region. This has prompted a gradual rise in the lifestyle of residents as well. The need for a cash injection in the businesses for bringing versatility can be met with an Aadhaar Card Loan Rajkot. Individuals can also utilise this financing option for fulfilling one’s personal expenses.
Traditionally, the Aadhaar card loan is an unsecured credit you can avail from financial institutions by producing your Aadhaar card for KYC verification. Its restriction-free usage feature lets individuals use this financing option to address a range of obligations. Lending institutions offer up to Rs. 50 lakhs as an Aadhaar loan.
Individuals need to provide the following documents to get an instant loan on Aadhaar card.
Self-employed applicants must submit Aadhaar Card alongside proof of income such as P&L statement, balance sheet.
Salaried individuals need to furnish their salary slips and proof of employment and work experience.
Besides submitting necessary documents, individuals need to meet specific parameters to be considered eligible for a conventional Aadhaar card loan.
Primary requirements for availing a personal loan on Aadhaar card are:
Requirements for an instant cash loan on Aadhaar card can differ, depending on the financial institution you are availing the loan from. Make sure to be thorough with this aspect.
Note that, specific financial institutions may extend an unsecured loan on Aadhaar card even if you have a credit score below 750. The loan amount may not be sizeable in that regard, or the interest rate may be higher.
Besides, the lengthy eligibility check can make this option unsuitable for those looking for an immediate loan in Rajkot. One can consider taking a gold loan to this end.
To have a comprehensive knowledge-based opinion, here are some pointers that distinguish a gold-backed Aadhaar card loan from its conventional counterpart.
Hence, it may be more suitable for individuals who are new to credit or does not sport a high credit score to opt for a secured variant when looking up ‘Aadhaar card loan providers near me’. What’s more, individuals can enjoy a range of other benefits by choosing Rupeek.
If you are unsure of which lender to choose, here are a few reasons why you should select Rupeek’s gold loan in Rajkot:
For example: If you have pledged gold to extend your credit limit by Rs. 80,000, and you use only Rs. 30,000 of it, you need to pay interest only for Rs. 30,000 as per the number of days you took to repay the same.
We are always working to serve you better and faster. Individuals can avail our gold-backed quick personal loan using Aadhaar at their doorstep with us in and around the following locations:
With our strong presence in the city, get an Aadhaar card loan in Rajkot against gold in just 60 minutes. Forget the inconvenience of high interest rate and lengthy documentation and meet all financial obligations affordably.
Customers can either use Rupeek website or mobile app to pay through internet banking, debit cards, UPI, or any other convenient mode.
Yes, it is. Rupeek provides a minimum loan amount of Rs. 15000, and it goes up to Rs. 1.5 crores.
While applying for a personal loan on Aadhaar card in Rajkot, one must consider the interest rates, LTV, the security of pledged gold ornaments. Checking the repayment schemes available, and additional charges, if any, should be primary filters in your search.
Yes, it is possible to get a personal loan on Aadhaar card without income proof if you opt for a secured variant, like credit against gold. Lending institutions emphasise on income proof if it’s an unsecured variant.
Rupeek and all our partners accept all gold ornaments of 18 carats or above only. Gold coins or bars are not accepted.
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