The third-largest city in the east coast of India, Vishakhapatnam or Vizag is the most populated and the largest city of Andhra Pradesh. Home to the oldest shipyard and the only natural harbour in India’s east coast, the city is a popular tourist destination.
Vishakhapatnam is widely touted as the ‘City of Destiny’. Apart from the beaches like Rushikonda Beach and Yarada Beach, the ‘Jewel of the East Coast’ is famous for places like Borra Caves, Araku Valley and Kailasagiri.
Its geographical location has impacted the economy AP’s executive capital significantly. Besides seafood exports, the Information Technology and Pharma industries have accelerated this city’s economy significantly. To keep up with rising expenses in one of India’s fastest-growing cities, people can avail an Aadhaar card loan Vishakhapatnam. Individuals can meet various personal obligations using loan on Aadhaar card.
Aadhaar card loans have no-end restrictions. So, individuals can avail this financing tool to meet any planned or unplanned personal expenses. Some of the purposes of availing a quick personal loan using Aadhaar may include:
Before applying for a personal loan on Aadhaar card in Visakhapatnam, individuals must fulfil the essential eligibility criteria. For a collateral-free loan, individuals must fulfil the following requirements –
Prospective borrowers must note that Aadhaar card loan for personal usage cannot be availed only by providing Aadhaar card. The process of Aadhaar card loan apply online involves submitting a scanned copy of Aadhaar card along with other financial documents including salary slips (for salaried individuals) or audited income statement (for self-employed individuals), and other related documents.
In the case of unsecured Aadhaar card loans, banks and NBFCs run a higher risk of future default. That is why they charge a high interest rate on loan on Aadhaar card for personal usage. Also, individuals with low CIBIL cannot qualify for an Aadhaar card immediate loan.
In such cases, individuals in need of urgent cash can opt for gold-backed Aadhaar loan as an alternative.
During urgency, individuals can utilise the monetary value of their idle gold ornaments. The multitudinous benefits of gold loans are discussed below:
The points mentioned above provide a glimpse of the benefits of availing a gold-backed Aadhaar card loan in Vishakhapatnam over its conventional counterpart. With Rupeek, individuals can enjoy even more significant features discussed in the following section.
Rupeek offers 100% transparent gold loan services and hassle-free repayment schemes. Here are a few other features of an Aadhaar card loan against gold from Rupeek.
Individuals can enjoy doorstep instant loan services with Rupeek. Our loan manager reaches the client-specific location in just 30 minutes to complete all the formalities after receiving a loan request.
To ensure individuals can meet any unplanned or planned personal expenses timely, Rupeek has optimised the application process for an Aadhaar card loan in Visakhapatnam against gold. The KYC documents verification and gold valuation take only 30 minutes to get completed.
The cost of Aadhaar card financing against gold gets reduced with Rupeek as we offer an interest rate as low as 0.79% per month.
Individuals of Vishakhapatnam can obtain the highest value against their gold ornaments with us. Also, to equip individuals with precise knowledge of the loan amount, we provide a user-friendly gold loan calculator.
Instant cash loan on Aadhaar against gold has become more convenient as we offer flexible repayment schemes to our clients. They can choose to pay monthly or any time as per their suitability within the gold loan tenure.
Also known as ‘Rupeek Quick’, this overdraft facility helps borrowers enjoy a credit line facility. Individuals can withdraw cash as per their requirement. They can also save considerably on repayment as interest is calculated only what is used.
Looking for ‘Aadhaar card loan providers near me’? Put your search to rest with Rupeek.
We extend our services in nearly all the major locations across Vishakhapatnam to ensure individuals can meet their financial requirements at any time from anywhere in the city.
To enjoy doorstep loan up to 1.5 crores, find us in the following locations.
Get the best gold-backed Aadhaar card loan in Vishakhapatnam and make the most of the attractive features offered by Rupeek.
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You can opt for partial gold-backed Aadhaar card loan repayment. However, you must remember that the payable amount must range between the interest payment and any amount less than the full closure amount,
You can continue your existing loan by repledging the ornaments. To initiate the process, communicate with our customer support team of Rupeek. They will guide you through the process.
You can improve your credit score with an Aadhaar card loan. Timely payment of the personal loan on Aadhaar card helps establish a positive credit history.
We disburse an instant cash loan on Aadhaar in just 30 minutes. A conventional loan, on the other hand, takes approximately 24 hours – 48 hours.
To get an instant Aadhaar card loan in Vishakhapatnam, you must have a credit score of 750 or above as well as have the mandatory Aadhaar card and other financial documents. If you meet the eligibility criteria, you can apply for the loan online and get the loan disbursed within a couple of days.
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