Credit Card Loan in Chandigarh

Credit Card Loan in Chandigarh

The union territory of Chandigarh is the capital for both Punjab and Haryana. This city is internationally recognised for its modern architecture and urban planning. It is one of the earliest planned cities of India, post-independence.

The economy of Chandigarh is primarily service sector-oriented. Since it is the capital of two neighbouring states, there are various government offices. This city is often regarded as the 'paradise of pensioners' due to the number of retired government officials who live here.

The cost of living in Chandigarh is high, and it is climbing every passing year. Therefore, to bridge any financial gap or meet any urgent monetary need, individuals can opt for a credit card loan in Chandigarh, instead of using their savings.

Loan Against Credit Card – A Perfect Financing Option

A credit card loan in Chandigarh is available against an existing payment card. Since credit cards come with a pre-existing limit, the advance is also based on this limit.

Here are some prominent features of a personal loan against credit card that makes it a convenient borrowing option –

  1. The verification process here is short since lenders already have required information about the applicant.
  2. It has no restrictions on its usage.
  3. Balance transfer facility is also available for this mode of financing.
  4. It can be repaid in EMIs.
  5. In some instances, financial institutions may offer funds above the credit limit, but usually, that depends on the applicant's repayment history.

Credit card refinancing Chandigarh is not a difficult financial product to avail. However, one needs to meet the loan against credit card eligibility Chandigarh, which includes maintaining a credit score of 750 or above, and a credit history devoid of any defaults.

Moreover, the loan on credit card Chandigarh interest rate is comparatively higher since it is an unsecured financing mode. The loan amount available here is also limited, which may not be enough for every purpose.

In this context, borrowers may stop searching for 'credit card loan providers near me' and opt for a gold loan.

Compared to a credit card takeover loan Chandigarh, a gold loan comes with more favourable terms, and the loan value is considerably higher. Since it is a secured mode of credit, the interest rate levied is also significantly lower.

Nevertheless, one needs to find a reliable lender who will offer benefits that can make borrowing a hassle-free experience. Rupeek is one such gold loan provider that offer industry-first features like doorstep services and eases the repayment with various tailor-made schemes.

Rupeek – A Perfect Partner For Gold Loans

As a leading gold loan provider of India, Rupeek offers the following benefits over a credit card loan in Chandigarh that make borrowing a hassle-free affair –

  1. Affordable Loans

The rate of interest levied by Rupeek starts from as low as 0.49%, which makes interest repayments more affordable. Also, the high per-gram rate allows individuals to get more funds against their gold jewellery.

  1. Easy Balance Transfer Facility

We also offer a convenient balance transfer facility that allows customers to save up to Rs. 12,377 every lakh on interest payments. It also helps them to enjoy other perks and benefits offered by us. Moreover, the loan transfer process is very straightforward.

  1. Hassle-Free Repayment Plans

With Rupeek, borrowers can enjoy a hassle-free loan repayment experience. There are more than one repayment schemes that customers, allowing customers the flexibility to settle debts as per their suitability.

  1. Overdraft Facility

Borrowers opting for advances against gold can also opt for our overdraft facility called Rupeek Quick. It allows existing customers to pledge additional gold and get access to a credit line. Resultantly, one can withdraw funds as and when needed.

Moreover, borrowers are only responsible for paying interest on the amount they use, and not the entire credit line, hence, more savings on interest payment.

  1. Doorstep Services

Once an individual initiates a loan request, our representatives will get back to him/her for further processing. Following that, our loan manager will reach the applicant's house within 30 minutes for document verification and jewellery evaluation.

Owing to our strong presence in Chandigarh's prominent localities, we can offer such prompt services.

Areas Of Chandigarh Where Rupeek Provide Services

  • Manimajra
  • Ram Darbar
  • Sector 1 Chandigarh
  • Sector 9 Chandigarh
  • Sector 15 Chandigarh
  • Sector 19 Chandigarh
  • Sector 20 Chandigarh
  • Sector 21 Chandigarh
  • Sector 22 Chandigarh
  • Sector 26 Chandigarh
  • Sector 35 Chandigarh
  • Sector 40 Chandigarh

A credit card loan in Chandigarh is a quick financing option to meet an array of expenses. However, the associated loan terms can be a hurdle in this process. To bypass the hassle, one can opt for a gold loan and with Rupeek as a lending partner one can meet his/her financial requirements without delay. 

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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% 0.49%
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. Is a credit card loan better than credit card outstanding?

It is better to have a credit card loan since the interest levied on this financing method is lower than a credit card debt. This mode of advance is pre-approved, which eliminates the paperwork.

  1. Is there any foreclosure charge on credit card loan in Chandigarh?

Yes, credit card loan pre-closure charges are levied, and they may vary from one lender to another. Moreover, specific lenders may not charge any fees at all. Therefore, you should read the loan details to know more.

  1. What are the foreclosure charges on Rupeek gold-backed financing schemes?

Rupeek does not charge any pre-payment fee on early repayment of gold loans.

  1. What is the credit score required to avail gold loans from Rupeek?

Rupeek does not ask for any credit score to lend advance against gold. Individuals who are above the age of 18 can apply for this financial product.

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