close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Bangalore
Credit Card Loan in Bangalore
credit-card-loan-in-Bangalore

Credit Card Loan in Bangalore

Bangalore is Karnataka’s capital and hosts the largest IT hub in India. It abounds in historical importance, and together with a pleasant climate, the city attracts numerous tourists throughout the year. Places like Bangalore Palace, Lal Bagh Botanical Garden, Bannerghatta National Park, Vidhan Soudha, Nandi Hills, and Innovative Film City are the epitome of true picturesque beauty.

The ever-developing infrastructure and the presence of numerous IT companies and start-ups make for an ideal urban agglomeration for a young generation, attracting scores of millennials every year. Naturally, the tech-savviness of Bangalore’s consumer base surpasses that of other metro cities in India, and usage of credit cards is particularly notable here.

The fast-paced lifestyle here also calls for instant financing for all sort of obligations. Individuals in Bangalore can consider a credit card loan to pay high-value security deposits, buy laptops, or undertake any other large-scale expense quickly.

Features of a Credit Card Loan in Bangalore

Card issuers offer this loan against the unutilised credit card limit of an individual. Individuals can expect the following advantages with a credit card loan in Bengaluru.

  • Individuals can get access to the loan amount quickly as there’s no need for documentation.
  • Credit card loans are unsecured, meaning they do not involve providing any collateral.
  • Individuals can repay the loan amount in monthly instalments.
  • Loan on credit card Bangalore does not require any guarantor or post-dated cheques.

Individuals can apply for a credit card loan to meet any personal requirement.

Loan against Credit Card Eligibility

It’s because a personal loan against credit card is unsecured, financial institutions run a higher risk shall there be a repayment default. Thus, financiers set strict eligibility parameter for the issuers. Individuals willing to apply for a loan on credit card online must have,

  • An excellent credit history
  • Healthy purchase and repayment pattern

Loan on credit cards come handy during urgent cash requirement. However, as these types of loans are unsecured, they come with a higher interest rate, which ultimately increases the overall cost of borrowing. Moreover, if an individual fails to pay the EMIs on time, they will be charged with higher penalty charges.

These inconveniences can hamper a person’s financial planning. To avoid those, one can consider gold loan as an alternative option for credit card loan in Bangalore due to the several beneficial features it offers.

Gold Loan’s Advantages over a Credit Card Loan

Gold loans offer the ultimate solution during an urgent cash requirement. Also, the cost of borrowing is comparatively lower since a gold loan is secured.

Here are the distinctive points between a credit card loan and a gold loan.

Pointers

Credit card loan

Online gold loan

Loan type

Unsecured

Secured

Interest Rate

Higher

Lower

Eligibility criteria

Rigid

Relaxed

CIBIL Score

750 or above

Not required

Credit card

Required

Not required

Loan amount

Comparatively lower (Depends on the credit limit of the individual)

Usually higher (Depends on the amount of gold an individual deposits)

Since there are numerous gold loan providers in Bangalore, individuals need to be judicious when selecting the financier. Factors to weigh in here are the loan terms & conditions and related costs. In this regard, our financial services available at Rupeek can satisfy each individual’s requirements as our quick loan facility ensures 100% transparent financing solution and consumer-friendly, hassle-free services.

Financial Services to Expect at Rupeek

Below mentioned are a handful of benefits customers can enjoy with Rupeek.

  • Quick Disbursal

From applying for a gold loan to document verification to disbursal of loan, all these take only 45 – 60 minutes. That is why our gold loan services come handy during an urgent cash requirement.

  • Doorstep Services

Enjoy instant doorstep online gold loan services with Rupeek. We ensure the complete privacy of our clients. Also, by availing our doorstep services, individuals need not risk their valuables by taking those outdoors.

  • Lowest Interest Rate

The biggest drawback of credit card loans is the higher interest rate. We offer instant financing at monthly interest rates starting from 0.79%, which is much lower than that of loan against credit card. It enables borrowers to manage interest payment easily.

  • Highest Per Gram Rate

We offer one of the highest per gram rates for gold ornaments in Bangalore. To gain clarity of the loan amount beforehand, individuals can use our gold loan calculator. This calculator will enable borrowers to create a proper expenditure strategy.

  • Easy Repayment

We offer complete flexibility of repayment to our customers. A variety of repayment schemes enable borrowers to pay as per their financial standing. Borrowers can either choose to settle monthly or pay instalments anytime within the tenure.

  • Gold Overdraft Facility

One of the unique and sought-after facilities of our financial services at Rupeek include the gold overdraft facility. Also known as ‘Rupeek Quick’, it allows individuals to take out a sanctioned borrowing limit against gold.

Borrowers can withdraw funds anytime from that extended credit line. Moreover, they can reduce the cost of borrowing by paying interest only on the expended amount and not on the entire credit limit.

Plus, it’s quick and straightforward to avail our services in Bangalore. With our vast operative network across all the localities in Bengaluru, individuals can schedule an appointment just 30 minutes post their online application.

Rupeek’s Availability in Bangalore

Avail our services in and around the following areas in Bangalore.

  • Electronics city
  • Hal old airport road
  • Koramangala
  • Hsr layout
  • Sampangi Rama Nagar
  • Yelahanka
  • Banashankari
  • Whitefield
  • Bommanahalli
  • Bellandur
  • Bannerghatta
  • Hoskote
  • Jp nagar
  • Nelamangala
  • Banaswadi

End your search for ‘credit card loan provider near me’ with Rupeek. To avail the best gold loan online in Bangalore, click apply now.

Rupeek ad
Benefits of Gold Loan over Credit Card Loan.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters Credit 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 -
Rupeek ad

Frequently asked questions

  1. What are the payment options for a gold loan?

Rupeek supports various repayment modes. Pay through UPI, debit card, money transfer via IMPS and RTGS, and internet banking via our app.

  1. What documents do I for an online gold loan?

Submit an ID proof, like Aadhaar card, Voter ID card, or PAN card alongside an address proof, such as recent utility bills or rental agreement.

  1. How much credit card loan in Bangalore can I get?

It depends on the credit card limit you have not utilised. For example, if your total card limit is Rs. 90,000 and you have already used Rs. 50,000, you can take a loan as high as Rs. 40,000.

  1. How can I increase my card limit?

You can apply for an upgraded card, which will automatically increase the credit limit. Card issuers sometimes offer a limit increase by themselves if you have been consistent with repayment and shown a healthy spending pattern. You can also ask for a limit increase if you meet these criteria.

  1. How to apply for loan on credit card online?

The application procedure for a credit card loan can vary across financiers. Usually, one needs to enter their phone number to check their eligibility and fill out the online application form subsequently.

  1. How can I repledge my existing online gold loan with Rupeek?

If you are an existing customer of Rupeek and wish to repledge your valuables, you can contact our customer support team. Our online customer care services will guide you through the entire process.

  1. What are the eligibility criteria for a gold loan?

Anyone above 18 can apply for a gold loan from Rupeek. 

  1. How can I apply for a gold loan in Bangalore?

It’s a simple two-step process. Apply for a loan at our website or enter your phone number. Cooperate with our loan representative during KYC verification and gold appraisal at your residence or office. Post that, you will receive the funds in your account.

  1. How much gold loan can I get with Rupeek?

You can get a gold loan up to Rs. 1.5 crores. The minimum limit is set at Rs. 15000.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly