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Credit Card Loan in Jalandhar
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Credit Card Loan in Jalandhar

Jalandhar is an ancient Indian city in Punjab located in the northwest of Chandigarh. The city is famous for the production of sports equipment that has been used in events like the Olympics and Commonwealth Games. Jalandhar is renowned for manufacturing hand tools and is home to industries like leather, furniture, footwear, etc. 

 In recent years, Jalandhar has witnessed rapid growth in shopping complexes and malls, increasing its population’s propensity to consume. With such a vast array of possibilities, the people of Jalandhar are constantly looking for ways to improve their disposable income. A great way of doing that is by availing a credit card loan in Jalandhar. Though it is an unsecured loan, it is way different from a standard personal loan.

How Is A Loan Against Credit Card Different?

Although both are a type of unsecured credit product, they differ substantially when compared side by side. The following table shows how a loan on a credit card can prove to be more beneficial.

Personal loan

Credit card loan

Documentation

The lender asks for documents like tax invoice, address proof, income proof, etc. 

The majority of the required documents is already with your credit card provider.

Loan amount

It is calculated based on the borrower’s monthly income.

The amount is calculated with the help of a credit card loan calculator. It depends on the unused amount left in one’s credit card.

Repayment tenure

1 – 5 years

Up to 2 years

Approval time

2 – 3 business days

24 hours

A personal loan and a credit card loan in Jalandhar also share certain similarities such as high interest rates. That’s because both loan variants are unsecured. Moreover, individuals need to possess a CIBIL score above 750 and a decent repayment history to be deemed eligible for a sizeable loan amount.

Thus, individuals who are new to credit or need a considerable loan at affordable interest rates might not find this financing option beneficial enough. In that case, it is better if one who is searching “credit card loan provider near” to modify their search to that of a gold loan. With a gold-backed loan, you not just avoid all the issues mentioned above but put your idle asset to use as well.

Why Opt For A Gold Loan?

Unlike a loan on credit card Jalandhar, these are a type of secured loan that lenders offer more readily. Thus, it is not constrained to only a handful of selected individuals, but everyone who needs funds and possesses an equivalent amount of gold can avail them. These also have a short repayment tenure, that prevents them from becoming a burden.

Typically, the interest rates charged on a gold loan are also lower than those of a credit card loan in Jalandhar. By using the idle asset sitting in your locker, you save a significant amount of interest payment. You can further increase the benefits of a gold loan by applying for one from us.

What Does Rupeek Offer?

Along with the standard benefits of a gold-backed loan, we also offer our customers the following advantages.

  • Gold Credit Line

Borrowers can opt for an extended line of credit by availing our overdraft loan facility, Rupeek Quick. One can withdraw as much they require from their sanctioned principal and pay interest only on that amount.

  • Helpful Repayment Schemes

While personal loan on credit card usually can only be paid in monthly EMIs, we offer a second flexible repayment scheme. You can choose to repay using the standard EMI method or repay any way you want during the tenure or via a single bullet payment after the term ends.

  • Wide Loan Range

One can avail a loan as low as Rs. 15000 and as much as Rs. 1.5 crores. We have kept the range this broad so that every individual can get enough loan to suffice their needs.

We offer a lot more advantage, but the one thing we offer to provide optimum convenience is our doorstep loan service. This merges our online loan with the positive aspects of an offline loan. When you apply for our gold loan from one of the localities where we operate, our representative will visit your place and do all the procedures there.

Where To Find Rupeek In Jalandhar?

At present we offer our doorstep service in the following areas in Jalandhar.

  • Model Town
  • Goraya
  • Apra
  • Rama Mandi
  • Phillaur
  • Dayanand Nagar
  • Lajpat Nagar
  • Jalandhar Cantt
  • Jandu Singha
  • Banga

A gold loan does not just provide security to the lender but also translates to significant benefits to the borrower. So why stress on a credit card loan in Jalandhar at high interests and which is a little tough to avail? Instead, pledge your gold to us and get your loan approved straightforwardly.

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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% 0.79%
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 -
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Frequently asked questions

  1. How much processing fee do I have to pay for a credit card loan for car?

The processing fee charged by lending institutions for any credit card loans is nominal, but it depends on the lender.

  1. Where does Rupeek keep the pledged gold?

We have partnered banks in every location we operate and keep every individual’s pledged gold in a bank within 5km from their house. The gold id kept inside a military-grade vault, ensuring utmost safety.

  1. Does Rupeek provide insurance on our pledged gold?

Yes, we offer 100% insurance on your pledged gold. You do not have to bear any losses if your pledged ornaments are damaged or lost while it is under our custody.

  1. What affects my credit card loan amount other than my card limit?

Yes, every individual bank has several internal policies that influence how much loan will be sanctioned.

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