Aadhar Card Loan in Surat

Aadhar Card Loan in Surat

Situated on the banks of Tapi River, Surat is one of the largest cities of India. Famous for its diamond cutting and polishing industry, this city exports polished and ready diamonds worldwide. The textile sector is another mainstay of Surat’s economy, as it is the largest manufacturer of clothes in this country.

Surat’s emerging economy has created ample business opportunities, and financial products like an Aadhaar card loan in Surat can help entrepreneurs deal with any financial need. Even salaried individuals looking for financial means to meet urgent costs can resort to this credit option.

What Is An Instant Loan On Aadhaar Card?

An instant cash loan on the Aadhaar card requires minimal documentation compared to traditional loans. Since an Aadhaar card holds the biometric information of an applicant, it works as an identity and address proof.

To complete the application process for an unsecured Aadhaar card loan in Surat, one needs to submit the following documents as well –

  • Income proof, such as salary slips and ITR documents
  • Bank account statement
  • Employee ID card, if required

Moreover, applicants must meet the lender's eligibility requirements to get a quick personal loan using Aadhaar. Here are some common pointers to keep in mind –

  • A credit score not below 750 is preferred
  • Have a clean credit repayment history
  • Must have a regular source of income, which complies with the requirements of the preferred financial institution
  • Meet the age criteria, which may vary based on the lender

Applicants must thoroughly go through the lender-specific criteria when looking up ‘collateral-free Aadhaar card loan providers near me’.

What Are The Features Of An Aadhaar Card Loan In Surat?

Here are some notable features of this financial product that one must know before applying –

  1. Zero restriction on its usage help business owners to meet an array of requirements. They can use it to fund working capital, buy new equipment, or procure inventory.
  2. The loan value here can go up to Rs. 50 lakhs or more, depending on the lender, and the applicant’s financial credentials.
  3. The repayment tenure can extend up to 5 years.
  4. A conventional instant cash loan on Aadhaar card come at high interest rates.

An applicant’s credit score and disposable income play a crucial role in the interest rate and loan amount determination for a collateral-free loan. If these feel like a limitation, you can always opt for a secured variant, like a gold-backed Aadhaar card pe loan.

What Are The Benefits Of An Aadhaar Card Loan Against Gold?

When compared to an Aadhaar card loan in Surat, a gold loan fares well on the following pointers –

  • Affordable borrowing cost
  • Lenient eligibility terms
  • Quicker processing, typically a couple of hours
  • Shorter loan tenure

Since gold loans also offer restriction-free usage, akin to its unsecured counterpart, entrepreneurs can use it to manage any business expense.

However, it is vital to select a trustworthy lender to have a hassle-free borrowing experience. To that end, individuals can consider Rupeek. Our industry-first features like doorstep services, different repayment schemes, and other favourable benefits can ensure convenient borrowing.

Why Choose Rupeek As A Gold Loan Provider?

There are many reasons to select Rupeek as a preferred partner for any credit against gold articles. Here are some prominent ones that distinguish us from our competitors –

  1. Gold Overdraft Facility

To help our customers meet any financial need without delay, we have introduced a credit line facility. Popularly known as Rupeek Quick it allows our exiting borrowers to pledge additional gold to avail a credit limit, instead of applying for a new loan.

Under this facility, they have the freedom to utilise funds as per their will, and only pay interest on the amount they use. Rupeek Quick is a convenient solution to meet any personal as well as professional monetary need.

  1. High-Value Loan And Low-Interest Rate

Due to our high per-gram rate, borrowers can now get more funds against their gold articles. With us, the loan amount can go as high as Rs. 1.5 crores. One can use the gold loan calculator to learn more about this. What’s more, our interest rates start at as low as 0.49% per month.

  1. Quick And Hassle-Free Loan Transfer

Individuals can save up to Rs. 12377 every lakh by opting for our loan transfer facility. Settle the outstanding interest with the existing lender and share your pledge card with us to transfer your loan to us. It’s that simple!

  1. Best-in-class Security Measures

At Rupeek, we observe world-class security measures to ensure the safety of gold articles. Here are the particulars –

  • We use high-security vaults to store them.
  • Our loan managers use GPS-fitted bags to carry them to and from an applicant’s address.
  • We provide complimentary insurance coverage on pledged gold during the loan tenure.

Hence, you pledged gold and your financial interest is safe with us.

  1. Lenient Eligibility Requirements

Borrowing funds from Rupeek is now more accessible with our lenient eligibility requirements. Unlike an unsecured personal loan Surat, anyone who is above the age of 18 and has a valid KYC document can get a gold loan from us.

They are not required to go through the lengthy application process and submit any income proof to get funds.

  1. Doorstep Services

Our industry-first doorstep services offer a more convenient borrowing experience. Following a loan application, and initial processing, our loan managers will reach an applicant’s address within 30 minutes.

Moreover, our presence in Surat’s prominent areas helps us reach the doorstep of our customers without any delay.

Prominent Areas Of Surat Where Rupeek Operates

  • Adajan
  • Amroli
  • Dumas Road
  • Dumas
  • Hajira
  • New Textile Market
  • Katargam
  • Mota Varachha
  • Old
  • Pal
  • Piplod
  • Sachin
  • Udhana - Magdalla Road
  • Umarwada

A gold-backed Aadhaar card loan in Surat presents a purposeful financing solution for business owners and salaried individuals alike. Moreover, with Rupeek, borrowers can now receive an emergency instant business loan at their doorstep within 60 minutes.

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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% 0.49%
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 a PAN card loan?

It is a sub-type of personal loan, and similar to an Aadhaar card loan in Surat. In this case, one needs to provide the PAN card as the only KYC document to avail funds. Along with that, one need to submit other documents like income proof to complete the process.

  1. What is a mini loan?

A mini loan online refers to quick, unsecured, and short-term cash loans. This financial product is available promptly, but the rate of interest and processing charges are usually high. Also, the repayment structure may not be as flexible as a Rupeek gold loan.

  1. Is GST applicable on the repayment of an Aadhaar card loan?

No, GST is not applicable on the EMI repayment of an Aadhaar card loan. Previously, service tax was levied on the monthly instalments. GST is only applicable to the processing fee.

  1. Can I get a loan on Aadhaar card without salary?

You need to submit legitimate income proof to meet the financial institution’s monthly income requirement. We offer an Aadhaar card loan against gold without any income proof as well.

  1. Is there any part payment facility with Rupeek?

Yes, Rupeek offers a part payment facility to help borrowers with the repayment. However, the amount must be greater than the monthly interest payment but lower than the foreclosure amount.

  1. Is there any charge on an Aadhaar card loan against gold prepayment?

No, Rupeek does not levy any additional charge on part payment.

  1. What is the credit score required to get an advance from Rupeek?

Rupeek does not emphasise on meeting any particular credit score criterion to extend an Aadhaar card loan in Surat against gold.

  1. How to close a Rupeek gold loan?

To close a Rupeek gold loan, you can visit the ‘Repay your Loan’ page and log in via OTP. You will then find a ‘Close Loan’ option and clicking on that will display your account summary. You can then pay the whole amount to close your loan.

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