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Being the district headquarters of YSR Kadapa district, this city houses the district government offices. Along with the services sector, agriculture is a mainstay of Kadapa’s economy. Surrounded by Nallamala and Palkonda hills, this city is also a weekend gateway for many in Andhra Pradesh.
Covering costs outside of the fixed obligations and small-scale unbudgeted expenses can become a challenge in some months. People can consider a credit card loan in Kadapa to cover these expenses.
A loan against credit card in East Godavari offers an easy financing option to meet an array of expenses. The following features of this financial product help in this regard –
Even though this financial product does not require submission of any credit card loan documents, one needs to meet the required eligibility terms.
Loan against credit card eligibility Kadapa includes the following –
A personal loan against credit card comes with the following limitations –
The aforementioned limitations of a credit card loan in Kadapa can offset the benefits it offers. Hence, borrowers often search for alternatives, and a gold loan can be an excellent option for them.
Here are some prominent differences between gold and credit card loans that one must keep in mind to make an informed decision.
Particulars |
Gold loans |
Credit card loans |
Credit score |
Not required |
750+ |
Credit history |
Not checked |
Must not have any defaults |
Required documents |
Only KYC |
No documents required |
Disbursal time |
1-2 hours after application |
Within 24 hours |
Loan amount |
Depends on the pledged gold |
Varies according to the limit of a credit card |
Loan tenure |
Short, can go up to 24 months |
Long, can go up to 60 months |
Rate of interest |
Lower |
Higher |
Therefore, when compared head-to-head, it is clear that a gold loan offers better loan terms compared to a credit card loan. Hence, instead of searching for a ‘credit card lender near me’ one may consider gold-backed financing.
Even though gold loan offers better loan terms and more customer-friendly benefits, it is vital to opt for a reliable lender that makes this process even more advantageous. Rupeek is a leading gold loan provider that offers industry-first benefits like doorstep services, which help individuals to get instant online gold loans at their doorstep. You can enjoy other exclusive benefits as well by opting for our gold loan.
Take a look at the few benefits of availing a gold loan from Rupeek –
An applicant needs to be above 18 years of age and possess gold jewellery to qualify for our gold loan.
We levy an interest rate as low as 0.79% per month on the funds offered by us. Hence, the interest payment is not a hassle with us.
The loan amount offered by us can go as high as Rs. 1.5 crores. It is possible due to our high per-gram rate.
The loan transfer facility offered by us is straightforward and quick. It only requires borrowers to share their existing pledge card to get funds from us. One can save up to Rs. 12,377 every lakh on a gold loan balance transfer with us.
The overdraft facility offered by us is known as Rupeek Quick. It helps individuals to pledge additional gold and get access to an extended credit line. Moreover, borrowers are only accountable for paying interest on the amount they utilise, making room for additional savings.
Besides the above-mentioned benefits, individuals can also enjoy 30-minute doorstep service in and around the following locations in Kadapa –
Even though a credit card loan in Kadapa is an accessible financing option, it does not fare well when stacked up against gold loans. The favourable loan terms make the latter a great mode of financing, and with Rupeek, one can meet any monetary requirements without any delay.
Once you get a credit card loan in Kadapa, typically, the credit limit of your payment card remains intact. Thus, you can still use the unutilised limit.
Yes, it can affect an individual’s credit score. Timely repayment can increase your credit score and vice versa. Hence, be fully informed about repayment before availing a credit card loan.
No, it is not necessary to have a high credit score to get funds from Rupeek. One can easily apply for a gold loan once they satisfy the age criteria, i.e. above 18 years.
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