Credit Card Loan in Chennai

Recent times have seen increased usage of credit cards for frequent expenses, as have several by-products. One such product is an instant loan on credit card, which is a personal loan offered by banks on unutilised credit limits of cardholders. Such loans are seeing rising popularity owing to their following features.

• Borrowers do not need to pledge any asset to avail such credit, since these are collateral-free.
• Credit cards come with pre-approved loans, which take off the burden of elaborate paperwork to get such financial products approved.
• A documentation-free procedure naturally facilitates prompt approval and disbursal of funds, especially during emergency requirements.
• Lending institutions do not monitor these funds’ end-use, enabling individuals to avail a credit card loan for car or any other requirement unless unlawful.
• An EMI-facility also makes sure loan-seekers do not need to worry about lump-sum repayment amounts.
• Availing loans against credit card does require a post-dated check or a guarantor.
• Borrowers can also choose a credit card consolidation loan to shift outstanding amounts from other cards to a single card.

Although such striking benefits can lure any potential borrower into choosing this means of credit, the detailed requirements to achieve one might come as a surprise to many individuals.

Given the unsecured nature of a credit card loan, banks make sure applicants qualifying for one meet the following eligibility criteria.

• Must own a credit card. You need to apply for one if you are not an existing cardholder to make it through a loan against credit card eligibility Chennai.
• Display a sound repayment history without any record of non-payment.
• Have a commendable credit record.

Plus, with rising delinquency rates, lenders charge strikingly high interest rates on such financial products, soaring up to as high as 21% p.a. Such hefty repayment charges might pose a hindrance to many loan-seekers. Also, applicants unable to meet the CIBIL score eligibility for a credit card might not make it to the benefits of such borrowing options at all.

Why let such inconveniences affect the urgent need for funds?

If you are one of the individuals looking for credit card loan bad credit, it is high time you opt for a gold loan instead.

Refer to the given table to understand how a gold loan can benefit you better than a loan on credit card Chennai.

If the above points of differences have convinced you to give up your “credit loan provider near me” searches, it is time you select a gold loan provider with the best deals.

You can consider Rupeek to that end. With an array of multiple loan schemes to suit every requirement and budget, we offer a more viable alternative to personal loan against credit card as an instant financial aid.

Besides an easy online application process and lenient eligibility parameters, Rupeek offers the following promising benefits on availing its loan against gold.

• Compact Loan Tenure: Individuals looking for quick short-term funding can benefit better with a gold loan than a credit card takeover loan Chennai since the former can be taken and completed within a maximum of 12 months.
• High Loan Value: Borrowers can avail up to Rs. 1.5 crores worth of liquid fund, unlike credit card loan limit Chennai. Such a humongous loan amount is made possible with Rupeek’s highest per gram rate that lets you avail up to 80% of your gold’s value depending on current gold market rates. Check available credit against your jewellery with our online gold loan calculator.
• Affordable Interest Payment: Rupeek offers the lowest interest rates on a gold loan, starting from 0.49% per month. Borrowers can also enjoy additional rebates on timely repayment.
• Flexibility In Repayment: Individuals can choose from regular EMIs or payment options as per convenience for their gold loan repayment.
• No End-use Restriction: Like a loan against credit card, Rupeek also allows borrowers the liberty to use availed funds against any personal or professional financial requirement.
• Foreclosure Facility: Rupeek allows borrowers to complete repayment and close a loan amount before the end of its tenure, without levying any additional pre-payment penalties.

In addition to the above benefits, existing Rupeek customers also get to enjoy an exclusive gold overdraft facility post availing their first gold loan.

Rupeek offers an extended credit line against gold, Rupeek Quick, to its existing borrowers to facilitate prompt funding. Using this gold overdraft facility, customers can pledge additional gold jewellery to avail a credit limit, from which they can withdraw instant funds at their convenience. Additionally, borrowers can also save on repayment by paying interest only on the borrowed amount and not the entire sum.

Upon successful application, you can enjoy instant online gold loan at your doorstep with a 30-minute loan disbursal at Rupeek’s select operational locations in Chennai.

Following is a list of some of the prominent areas of Rupeek gold loan services in Chennai.

• Kodambakkam
• Perambur
• Triplicane
• Nungabakkam
• Koyambedu
• Porur
• Anna Nagar
• Mylapore
• Vadapalani
• Tiruvottiyur
• Valasaravakkam
• Maduravoyal
• Velacheri
• Tiruvanmiyur

Keeping up with living costs in an extensive economy, like Madras, can be taxing on one’s disposable income. Don’t let such circumstances exhaust your savings in the absence of a credit card loan in Chennai. Visit the Rupeek website to apply for a gold loan instead and avail the best deals on online funds.