Credit Card Loan in Kanchipuram

Credit Card Loan in Kanchipuram

Home to Vaikunta Perumal Temple and the Kailashnathar Temple, Kanchipuram is a quaint temple city in the Tondaimandalam region of Tamil Nadu.

The city earns its primary revenue from the silk farming, weaving, and agriculture industries. The state government’s initiative to invest substantial funds in its MSME sector and start-ups in this city has improved job prospects as well.

Cost of living has also scaled with these recent developments. Rather than investing their savings, residents can opt for an instant funding source like a credit card loan in Kanchipuram to address their monetary concerns.

What Makes A Credit Card Loan In Kanchipuram Useful?

A credit card takeover loan Kanchipuram is a convenient way of accessing instant funds with minimal documentation. It’s perfect for individuals who require a small loan amount for their business or minute expenses.

How An Instant Loan On Credit Card Works?

The unused funds on a credit card are sanctioned as a loan to individuals with a decent repayment history and CIBIL score. The interest rate levied on a credit card loan in Kanchipuram is also based on an applicant’s repayment history and credit card type.

Some of the features that make a personal loan against credit card a handy source of funding are –

  • As the loan sanctioned against credit card comes pre-approved, borrowers needn’t require additional documentation. Business owners can avail a credit card loan for car to facilitate product delivery or scale logistics.
  • A credit card consolidation loan can lessen a borrower’s EMI payments and help them get out of debt earlier. They can use the amount for clearing pending medical bills, payday loans, etc.
  • The tenure of a loan against credit card can extend up to 2 years based on a borrower’s disposable income. This gives a scope for managing a balance between savings and expenditure.
  • A credit card refinancing Kanchipuram is the best way to pay off the outstanding balances on exiting cards. This again facilitates debt reduction without adding unwanted interest along the way.

Though a credit card loan in Kanchipuram seems lucrative during emergency expenditures, certain variables can simultaneously make it void for some applicants.

For instance, first-time loan applicants or the ones without a substantial credit score won’t be able to pass the eligibility norms. New cardholders might have to service a loan with higher interest rates, which can go up to 21% p.a.

Such individuals can consider a gold loan instead of looking up ‘credit card loan providers near me’ if they are searching for a large loan quantum at affordable rates of interest. As it is a secured loan, eligibility criteria are more flexible, interest rates are lower, and one can avail a sizeable sum – as much as Rs. 1.5 crores if they opt for Rupeek.

Besides the substantial amount of loan, a person can enjoy a range of other benefits by securing funds from Rupeek.

How Rupeek Proves It’s Worth?

These are some of the features and repayment scheme offered by Rupeek to their gold loan borrowers. Individuals can check these benefits to get proof of our worthiness.

  1. Transparency in Loan Disbursal

We offer the highest value for your gold and evaluate the purity in your presence. Individuals can also use our online gold loan calculator to estimate the loan amount against their gold assets beforehand. 

  1. Comparatively Lower Interest Rate

Unlike credit card loan in Kanchipuram, the interest rate levied on our gold loan is much lower. Our interest rate starts from 0.49% per month. Individuals can use it to pay off outstanding credit card bills and save on repayments.

  1. Flexible Repayment Options 

Repayment of our gold loan shall never be a burden on your finances. These are the options we offer –

  • You can opt for traditional EMI option. 
  • We also give you the flexibility to settle the repayable amount any time before the tenure ends.

Our loan benefits don’t stop here; we also offer certain tailored features like-

  1. Doorstep Loan Facility

Rupeek also offers doorstep loan services that ease out the loan disbursal process. Following the loan initiation, our loan managers contact the applicant and set a date for verification.

The sanctioned amount is directly transferred into a borrower’s account after the document and gold purity authentication. This complete process takes around 30 minutes.

  1. Preeminent Gold Security 

We ensure optimum security of your gold assets. The protocols we follow are –

  • The collected gold is carried in a GPS-enabled bag to and from a bank vault within a 5 km from your home. 
  • Complimentary insurance is offered on the collateral.

Apart from these features, we also offer an overdraft facility to our customers.

What is Rupeek’s Overdraft Facility?

Rupeek Quick, a loan overdraft facility, is tailored to help existing gold loan borrowers with their cash flow issues. They can access additional funds by pledging supplementary gold assets. One can avail a credit line with one click via the official app. Moreover, the interest is levied on the withdrawn amount, not on the entire line of credit.

Want to avail a loan in Kanchipuram? Check out these localities below for further information.

Where To Get A Gold Loan From Rupeek?

You can avail an instant loan at your doorstep at the following locations in Kanchipuram –

  • Walajabad
  • Irungattukottai
  • Sriperumbudur
  • Ayyampettai
  • Sunguvarchatram
  • Pannur
  • Enathur
  • Uttiramerur
  • Palayaseevaram
  • Ambattur
  • Medavakkam
  • Tambaram
  • Chromepet
  • Madipakkam

A credit card loan in Kanchipuram can be suitable for features like instant disbursal and zero documentation. But if you need sizeable funds at affordable rates, a gold loan offers a much better solution. Avail a gold loan from Rupeek and enjoy features like low-interest rate, high loan amount, overdraft facility, and more.

Check out the official site or download the app to apply!

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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. Is GST applicable on a credit card loan?

An 18% GST is levied on credit card loan interest rates alongside processing fees and foreclosure charges.

  1. Do I more interest on credit card cash withdrawal or a credit card loan?

The interest levied on cash withdrawal from a credit card is higher than that of credit card loan. But, the interest on withdrawal is only levied after the lapse of a certain period.

  1. What is the minimum amount sanctioned as a gold loan from Rupeek?

The minimum gold loan that one can avail is Rs. 15000. Thus, you can meet a range of expenses with this loan and not just high-end costs.

  1. Does credit card loan help in uplifting CIBIL score?

Yes, timely repayment of credit card loan will help in improving CIBIL score and creditworthiness.

  1. Does Rupeek offer rebates on gold loan?

Yes, we provide rebates on timely loan repayment. The refund amplifies with a higher payment frequency. 

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