Credit Card Loan in Howrah

Credit Card Loan in Howrah

The twin city of Calcutta, Howrah is significant transportation and industrial centre in West Bengal. Known for its light engineering industry, the city is flocked with job-seeking youth all around the year.

It is also a prominent residential city because of its proximity to Kolkata. This has led to rising living costs over the years. Individuals in need of urgent funds for unforeseen or large-scale personal or business requirement can turn to a credit card loan in Howrah

What Is The Credit Card Loan About?

It is a form of personal finance that individuals can get based on the predefined limit of their credit card. A personal loan against credit card is a convenient financing variant for individuals looking for instant cash. Some of the praiseworthy benefits of this facility are –

  • One can repay this loan more flexibly than credit card dues because of an extended tenure.
  • There’s no hassle of documentation.
  • An applicant with substantial disposable income can avail a higher loan amount against credit card limit.
  • An instant loan on credit card is pre-approved, which further lowers the cost of borrowing.
  • Timely repayment of a credit card loan can help individuals improve their CIBIL score.

A credit card loan in Howrah seems convenient during an emergency, but the stringent eligibility may cause unlikely issues for a borrower. Individuals with a poor repayment history might struggle to secure this financing facility or may have to service it with higher interest rates.

What Are The Eligibility Criteria For Credit Card Refinancing Howrah?

Individuals need to satisfy the following criteria to get a credit card loan –

  • A CIBIL score above 750
  • Record of timely repayment of card bills, preferably of the full amount and not just the minimum balance.

The amount received against a loan also depends on a borrower’s income stability. Individuals with a low disposable income may not be eligible for a substantial credit card loan in Howrah. To cover large-scale expenses, thus, individuals can consider taking a gold loan instead of searching for ‘loan against credit card provider near me.’

Is Gold Loan A Better Option?

This secured loan variant fits perfectly as a source of substantial fund during an emergency. With lenient eligibility, minimum documentation, generous sum and a ton of features, a gold loan fare better than a credit card loan in Howrah.

Here are some reasons to prove this statement. Check them out!

  1. A gold loan comes with no end restriction, making it perfect for business owners who need funds for working capital requirements or any other business purpose.
  2. The interest rate levied on this loan variant is much lower as compared to credit card lowest interest rate Howrah.
  3. A borrower can use a gold loan to pay credit card outstanding without worrying about spending because of the low cost of borrowing.
  4. Even if you have a credit card loan bad credit score or low CIBIL score, it won’t affect a gold loan application.
  5. As the gold items hold a substantial value in the market, the amount sanctioned against those is comparatively higher than a credit card loan.

These features prove a gold loan to be a smarter choice during a financial crunch. If you are convinced and want to apply for a gold-backed loan variant, a reliable lender is what you need.

In this regard, Rupeek may grab your attention. We are a renowned gold loan lender offering borrower-friendly schemes and doorstep loan service in 5000 locations all over India, including Howrah.

Rupeek- The Trusted Gold Loan Lender In Howrah

Rupeek brings a host of customer-friendly features to make the borrowing experience straightforward, hassle-free and affordable. Here are some notable ones –

  1. High Loan Amount

At Rupeek, our borrowers receive the highest loan amount against their gold ornaments. They can avail a loan as high as Rs. 1.5 crores to meet a variety of expenses.

  1. Affordable Interest Rate

The interest rate levied on a gold loan from our side starts at 0.49% per month. The interest repayment becomes quite affordable as compared to a credit card loan in Howrah.

  1. One-Touch Application

Rupeek respects your time constraints. Therefore, we offer online application services. You can also check the loan value against gold by using our online gold loan calculator.

  1. Transparency In Gold Value

We maintain transparency in all our dealings. The gold evaluation is done before your eyes. This leaves no room for any discrepancy.

Apart from these features, we offer some exclusive features, such as –

  • Trusted Security – Worried about your gold assets? We take full responsibility of them while transferring them from and to a highly secured bank vault. You can track the transportation in real time as we use GPS-enabled bags. We also provide free-of-cost gold insurance policy to minimise any possible loss.
  • Gold Credit Line – Need extra funds? With Rupeek Quick, this is possible. Our gold overdraft facility allows you to take additional funds by submitting gold assets as collateral. The best part is that you need to pay interest on the amount used not on the sanctioned fund.
  • Borrower-Friendly Repayment Options – Repay as you want with our multiple repayment schemes. Pay EMIs or choose a repayment method as per your convenience.
  • Doorstep Loan – Want to avail a gold loan, but your workload doesn’t allow the needed time? Just apply for a gold loan at Rupeek’s site, following which we will visit your premises for the loan process. We disburse the amount to your account within 30 minutes after gold evaluation and KYC authentication.

Our Service Locations In Howrah

Following are a few prominent localities in Howrah where we offer our doorstep services –

  • Alampur
  • Bandel
  • Argari
  • Bankra
  • Chakpara
  • Kalara
  • Tentulkuli
  • Mahiari
  • Karia
  • Eksara

Are you stressing about the high interest rate levied on a credit card loan in Howrah? You can opt for a gold loan from Rupeek instead. With features like affordable interest rate, substantial loan amount, easy disbursal, and minimal documentation, availing and servicing credit have never been easier.

So, leave your worries aside and choose the right loan variant. Rupeek awaits your application!

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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. Can I apply for a credit card loan if my name falls under a defaulter list?

No, a credit card loan applicant must maintain a remarkable credit history. Lending institutions generally don’t sanction loans to people with repayment defaults.

  1. Is the interest rate on credit card lower as compared to a personal loan?

It depends on the borrower. Generally, credit card loan interest rate is at par or higher compared to a conventional personal loan.

  1. Does a borrower need to pay processing fees for credit card loan?

Yes, the borrower needs to pay a processing fee when availing a credit card loan. However, the fee is nominal because it’s pre-approved.

  1. Does Rupeek accept nose rings as collateral for gold loan?

Rupeek accepts almost all jewellery items of 18 carats or above. We don’t accept gold bars or coins.

  1. Can I get a gold loan on top of a credit card loan?

You can get a gold loan along with a credit card loan in Howrah.

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