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Aadhar Card Loan in Vadodara
aadhar-card-loan-in-Vadodara

Aadhar Card Loan in Vadodara

Formerly known as ‘Baroda’, Vadodara is the third-largest city in Gujarat. It’s renowned for popular tourist destinations like Lakshmi Vilas Palace, The Gaekwads, and Baroda state’s Maratha royal family. Vadodara’s thriving economy is home to several large-scale enterprises such as the Indian Oil Corporation, Vadodara Manufacturing division, Gujrat State Fertilizer and Chemicals besides numerous medium and small-scale businesses.

The fast-growing economy of Vadodara may often cause citizens to need instant liquidity without any complication of excess documentation, making Aadhaar card loan in Vadodara the perfect option. 

How Can You Benefit From An Aadhaar Card Loan?

An emergency loan on Aadhaar card Vadodara is offered by financial institutions without collateral, generally. In this case, the Aadhaar card acts as your identity and address proof. Besides that, you also need to submit income proof to legitimise your eligibility.

Mentioned here are the parameters you need to fulfil for availing Aadhaar card loan in Vadodara

  • CIBIL score of 750+ is necessary for a quick personal loan using Aadhaarcard
  • Stable revenue source
  • A debt-to-income ratio below 50%

By fulfilling these eligibility criteria, individuals can avail an Aadhaar card loan in Vadodara, to meet personal expenses. It comes with zero spending restrictions. Listed here are some of the reasons people opt for this funding option. 

  • Relocation expenses in Vadodara 
  • Emergency medical expenditures
  • Debt consolidation
  • Travel expenses 
  • Wedding costs 
  • Home renovation
  • Children’s higher education.

An Aadhaar card pe loan may seem like a suitable option for its simple accessibility and short documentation process. However, an unsecured variant still comprises a few flaws as well. It comes at high rates of interest. Individuals also need to possess a CIBIL score of 750 or above to enjoy favourable terms.

In such cases, it always more viable to switch from ‘Aadhaar card loan provider near me’ searches to gold loans as they are hassle-free and don’t create unnecessary debt pressure on customers. The processing time is also low. So, it is the most credible option in case of an emergency.

Why Choose Gold Loans Over Aadhaar Card Loans?

Application of an instant cash loan on Aadhaar card is fairly time-consuming because of an extensive documentation process. However, gold ornaments are an idle asset that you can liquidate for instant cash. The features of what makes gold loans more credible have been mentioned here. 

  • The borrower doesn’t need to furnish multiple documents. Simply submit KYC-related documents to apply for a gold loan. 
  • Gold loans are a secured financing means. It ensures lower rates of interest. 
  • It is a short-term loan, so it helps borrower clear debt quickly. You do not need to drag your EMI for a span of one to five years this way. 
  • During the gold loan application process, your low CIBIL score isn’t taken into consideration by many financial institutions. 
  • Usually, the loan amount is higher as it depends mostly on your gold ornaments’ market value. 

Alongside these benefits, individuals can take advantage of a range of other features, such as overdraft loan against gold and doorstep service, with Rupeek. Check out the list of features you can enjoy with us.

Finance Services Offered By Rupeek Gold Loan

Listed below are the benefits that you get to avail with Rupeek’s gold loan services. 

  • Affordable Interest Rates:A difference between a conventional Aadhaar card loan in Vadodara and Rupeek’s gold loan is in the interest rate charged. Our interest rate begins at 0.79% per month, ensuring borrowers can cover the interest payment without straining their finances. 
  • Guaranteed G0old Security:We understand these assets’ sentimental value. So, we take extra care when it comes to the security of gold ornaments. Besides storing them in high-security vaults, the gold ornaments are placed in a bag with a GPS-tracker bag so that you know where your articles are headed. To ensure security, we also offer complimentary insurance for your pledged gold for the entire repayment period. 
  • Sizeable Loan Quantum:Rupeek provides customers with the highest per gram rate for gold, letting individuals borrow a substantial amount of Rs. 1.5 crore. You can find out the fund receivable by using our online calculator below. 
  • Gold Overdraft Facility:Also known as Rupeek Quick, this gold overdraft facility allows customers access an extended line of credit. Customers can use this credit line and withdraw money round the clock. Also, the borrower pays interest only on the amount utilised. 

Besides, with our vast operating network, we ensure an appointment within 30 minutes of loan approval. 

Top Localities Where Rupeek Vadodara Operates

Like many other metropolitan cities, we also have a foothold in Vadodara. Here is a list of locations in the city where we operate and offer services to customers.

  • Por
  • Khanderao market
  • Manjalpur
  • Manjusar
  • Padre
  • Alkapuri
  • Makarpura
  • Waghodia road
  • Karelibaug
  • Navlakhi
  • Bodeli
  • Savli
  • Bajwa
  • Dabhoi
  • Ajwa road
  • Akota

Don’t let your CIBIL score or the high interest rates of an Aadhaar card loan in Vadodara hamper your financial aspirations. Get a gold loan today from Rupeek without income proof, credit score and at low interest rates to easily see to all types of expenses.

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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. Is the sanction process of the gold loan faster than an Aadhaar card loan?

Yes. Availing a gold loan does not involve submitting income proof or employment details. This saves time in verification, leading to a shorter disbursal period.

  1. Can you avail an Aadhaar card loan on top of a gold loan?

It depends on what your fixed-income to obligations ratio or FOIR is after you have taken a gold loan. Lending institutions may be wary of sanctioning an unsecured Aadhaar card loan in Vadodara if it is above 50%.

  1. How to get low interest rates on an Aadhaar card loan?

You will be charged a lower interest rate if your CIBIL score is 750+. The higher your score, the lower is the interest rate charged. Or else, you can use gold to get this loan at low rates.

  1. Does Aadhaar card loan repayment affect CIBIL score?

CIBIL score will increase upon timely repayment. However, defaulting on Aadhaar card loan in Vadodara repayment will adversely impact your score. 

  1. How to get a rebate on Aadhaar card loan against gold?

We provide rebates if you are regular with repayments. Frequent payments will earn you a higher refund.

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