Credit Card Loan in Kakinada

Credit Card Loan in Kakinada

Kakinada, one of Andhra Pradesh's most prominent cities, is home to the second-largest port in the state. There are three mainstays of Kakinada's economic activities, namely, agriculture, fishing and a handful of different industries. Among the latter, edible oil, fertilisers, and natural gas are the leading ones that generate the most revenue for this city.

Owing to Kakinada's incorporation as one of the country's Smart Cities, the cost of living here has also amplified in recent years. Hence, to meet any sudden financial need, individuals often resort to availing a credit card loan in Kakinada.

Learn How Instant Loan On Credit Card Can Help

Credit card loan in East Godavari is one of the most viable financial products to meet any number of financial emergencies. The reason being, they are available against the outstanding limit of a current credit card, and lenders provide pre-approved offers that shorten the loan application process.

Since financial institutions already possess the necessary credit card loan documents, individuals can skip over the hassle of documentation and verification.

A point to know about personal loan against credit card is that the loan amount here depends on an applicant's existing card limit. It means that the loan amount is not fixed and varies for applicants. Further, the loan against credit card eligibility Kakinada requires borrowers to maintain a respectable credit score and a credit history without defaults.

While convenient, a credit card loan in Kakinada has its limitations as well.

Drawbacks Of Loan On Credit Card Kakinada

Here are the notable shortcomings of credit card loan in Kakinada –

  • Stringent eligibility criteria
  • High interest rates
  • Substantial processing fee
  • Loan quantum offered is often insufficient

Owing to such disadvantages of this financial product, borrowers often look for alternatives. In this regard, gold loans can be a compatible solution.

Due to a gold loan's affordability, prompt approval, and no end-use restrictions, the financing option can provide similar benefits but against more favourable terms. Hence, instead of looking for a 'credit card loan provider near me', it is advisable to look for gold loan solutions.

In this context, Rupeek is a name to consider. With our doorstep services and high per-gram rate, one can quickly avail a substantial corpus without any hassle.

5 Reasons To Opt For Rupeek

Rupeek's focus to improve customer-convenience has resulted in the introduction of various features, here are top 5 that make Rupeek a default choice for many –

  1. Gold Overdraft Facility

Popularly known as Rupeek Quick, it allows our current customers to pledge additional gold jewellery and avail more funds, instead of applying for a new loan. This facility also extends the freedom of usage, where one can withdraw funds as per requirements, from a pre-sanctioned credit limit.

Moreover, with Rupeek Quick borrowers need to pay interest only on the amount utilises, and not the entire credit line.

  1. Flexible Repayment Options

Keeping customer-convenience in mind, we have introduced different repayment schemes. Our customers can opt for a standard EMI structure, or they can go for a customised plan, which suits their need.

  1. Lenient Eligibility

One of the most notable reasons to opt for Rupeek gold loan instead of a loan against credit card is the minimum eligibility terms. With Rupeek, one needs to be above the age of 18 and possess KYC documents to apply for funds.

  1. Loan Balance Transfer

Our loan transfer facility allows our customers to save up to Rs. 12,377 per lakh. Once they share their current pledge card with our company representatives, we guide them through the necessary process.

  1. Doorstep Services

With Rupeek's industry-first doorstep services, individuals can now access an instant online gold loan at their doorstep. Following an online loan application, our loan managers will visit the address of an applicant. They will then complete the due process, and the applicant will receive funds within 45-60 minutes.

Furthermore, our presence in the top localities of Kakinada allows us to extend such a swift service with heightened convenience.

Rupeek Gold Loan in Kakinada

Individuals residing in the following locations can easily opt for Rupeek's gold loan in lieu of a credit card loan in Kakinada -

  • Bhanugudi Junction
  • Gandhi Nagar
  • Indrapalem
  • Madhavapatnam
  • Rameswaram
  • Sarpavaram Junction
  • Thimmapuram
  • Ramanayyapeta
  • Sri Nagar
  • Valasapakala
  • Vakalapudi

Even though credit card loan in Kakinada offers the necessary funds to manage any financial shortfall, it does not perform well as compared to a secured mode of credit like a gold loan. In case of an advance availed against gold, one can enjoy better terms and features, which ultimately makes the process effortless. Moreover, with Rupeek, this process can be further optimised with our array of borrower-friendly features.

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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. What is the CIBIL score eligibility for credit cards?

Typically, credit card issuers prefer a CIBIL score above 750 to issue one. However, such requirements may vary from one credit card provider to another.

  1. What is a foreclosure charge? Are there any such charges applicable on credit card loan for car?

Foreclosure charges is a prepayment penalty levied on the closing of a loan before its tenure. Yes, advances on credit cards have such charges associated with them.

  1. Do I have to pay GST to get a credit card loan in Kakinada?

Yes, you need to pay GST to avail this financial assistance.

  1. How to apply for a gold loan with Rupeek?

You can apply for advances from Rupeek via our website or app. Once you register your mobile number, a company executive will get back to you for further processing.

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