Aadhar Card Loan in Vijayawada

It is a conventionally unsecured source of financing, requiring no collateral from the borrower. This loan also comes with no end-use restriction. So, borrowers can use it for meeting various expenses, like –

• An instant cash loan on Aadhaar card can help individuals cover sudden medical bills hassle-freely.
• A person can use this loan to tide over hefty costs of home renovation.
• Multiple debts can weigh down a person’s disposable income. They can use a personal loan on Aadhaar card to consolidate their debts into one.
• Lavish trips need sizeable spending. This loan can help individuals defray costs of that sort.
• Education expenses are soaring by the day, especially if one aspires to move abroad. A personal loan against Aadhaar card can expand one’s financial leeway, letting them cover such costs easily.

To apply for a quick personal loan using Aadhaar card, you must be meet a few criteria set by the lending institution. The loan amount and the interest rate is determined based on a person’s eligibility.

Listed below are the yardsticks for a collateral-free instant loan on Aadhaar card:  

• Applicant must sport a CIBIL score of 750 or higher
• He/she should have a stable source of income
• FOIR should be within the range of 40% - 50%

Fulfilling these criteria makes you eligible for an unsecured Aadhaar card loan in Vijayawada. The rigid eligibility criteria may create issues for newly exposed individuals to credit or do not possess a reliable income source yet. The interest on loan amount may also be high as it is an unsecured mode of finance.

A secured personal loan Vijayawada, like a gold loan, may be more suitable for offsetting these shortcomings. A gold-backed Aadhaar card loan is more easily accessible because of the highly liquid underlying asset and offers more incredible benefits than its unsecured counterpart.

This table illustrates the key differences between these two financial products.

An unsecured Aadhaar card loan falls short in many respects when it comes to conveniently meeting an individual’s monetary requirements. One such aspect not mentioned above is the disbursal period. Because it involves no collateral, lending institutions need to verify an applicant’s credibility extensively.

If an emergency situation is why you were searching for ‘Aadhaar card loan provider near me’, you have landed on the right page. We at Rupeek offer loan in just 30 minutes. Besides that, we provide a range of other benefits with our gold-backed Aadhaar card loan in Vijayawada.

At Rupeek, prospective borrowers are offered with several benefits upon availing our gold loan services. 

• Doorstep Service:After submitting your application with us, officials at Rupeek will reach your premises within 30 minutes. In the next 30 minutes, they verify documentations, appraise the gold ornaments and disburse funds against it. Our officials will wait within your premises until the loan amount reaches your account. 
• Affordable Interest Rate: Enjoy moderate interest payment with Rupeek. Our gold loan interest rates start from 0.79% per month, making it significantly more affordable than an unsecured loan option. 
• High LTV:At Rupeek, consumers receive a high gram per value for their gold ornaments. We offer an LTV of up to 80% against pledged gold ornaments. Borrowers can calculate their fund amount by using the gold loan calculator. 
• Gold Credit Line:To provide customers with instant liquidity, Rupeek is here with its gold overdraft loan facility. Also known as Rupeek Quick, it lets borrowers withdraw funds from a pre-determined credit limit and pay interest only on the amount utilised. 

Listed here are the various spots within Vijayawada, where we offer our doorstep Aadhaar card loan in Vijayawada against gold. 

• Gollapudi
• Gannavaram
• Vuyyuru
• Ramavarappadu
• Kondapalli
• Bhavanipuram
• Ibrahimpatnam
• Nidamanuru
• Nandigama
• Autonagar
• Satyanarayanapuram
• Kankipadu
• Kanchikacharla
• Mylavaram

Forget the hassles of a conventional loan on Aadhaar card with our services. Avail loan in just 60 minutes from the comfort of your home with Rupeek and see to your expenses ever so conveniently.