Credit Card Loan in Kolkata

Credit Card Loan in Kolkata

Known as the ‘Cultural Capital of India’, and located on the eastern bank of Hooghly River, Kolkata is the most prominent commercial, business, and financial hub of Eastern India. From its busy corners to serene lanes, the city is enveloped by the Bengali heritage and culture. With some stunning tourist locations like Victoria Memorial, Fort William, Mother Teressa House, Joransanko Thakur Bari, and Marble Palace, Kolkata never fails to manifest its charm.

The city is also home to major industrial sectors and multinational companies. Despite being one of India’s leading cities, Kolkata has also witnessed its fair share of financial ups and downs over the years. During such setbacks, natives often turn towards a credit card loan in Kolkata in order to cope with the situation.

Features Of A Credit Card Loan

When it comes to a personal loan against credit card, a prospective borrower needs to be aware of certain aspects before considering it as a favourable option during a financial crunch. It is merely a personal loan that is offered against the available balance on a credit card.

Here are some noteworthy features of the loan on credit card Kolkata to help find a solution to your financial requirements.

  • The borrowing option comes with easy repayment options and fast approvals.
  • Even though a credit card loan in Calcutta is available to both the existing and new customers, existing customers can make use of certain offers that are mainly customised for them.
  • Borrowers can get rid of the whole lengthy documentation procedure for this one since it already gets completed when they applied for the credit card in the first place.
  • The no end-use restriction feature allows customers to utilise the funds to meet any kind of financial need.
  • With convenient equated monthly instalments (EMI) option for a mentioned tenure, borrowers can easily manage their expenses with this credit loan facility.

Along with that, you can also apply for more funds than your credit limit if you have a decent repayment history. It not only comes handy during monetary crunch, but the flexibility part makes it a lot easier to manage and maintain for a certain period. The only thing you need to meet is the eligibility criteria to avail an instant loan on credit card and utilise these benefits. 

Eligibility Criteria For Credit Card Consolidation Loan

Due to its unsecured nature, funding institutions make sure that individuals pass all stringent eligibility parameters to avoid repayment defaults. In order to be eligible for the loan, borrowers need to meet the following requirements:

  • Decent credit repayment history
  • Credit score equal to or above 750
  • Convincible repayment pattern to prove that you can repay the amount on time.

Apart from CIBIL score eligibility for credit card, it also has a certain age limit for the customers. Even though these criteria can be easily pulled off, individuals mainly struggle with unmanageable interest rates. Especially for people who are looking for an instant solution during a monetary crisis, this loan can be relatively expensive and difficult to manage for a longer period.

Therefore, as an alternative, individuals can opt for gold loans instead, which comes with better benefits, convenient procedures, and affordable interest rates. Especially with Rupeek, it has become a lot easier to maximise the benefits one can derive from an instant gold loan.

How Rupeek’s Gold loan Is Advantageous Instead Of Credit Card Loan?

Using Rupeek’s facilities, it is not only easy to avail instant funding option during a financial crisis, but also acquire impeccable ways to save money while paying for the loan.

  • Competitive Interest Rate: The key feature has to be the moderate interest rate, which starts from 0.49% per month. While leading lending institutions impose excessive interest rates on credit card debt payoff personal loan, Rupeek brings ways to help you save a little more.
  • Highest LTV: Individuals looking for instant loan to handle financial issues can obtain substantial funds by availing gold loans from Rupeek. We offer the highest per gram rate (up to 80%) to help our customers during any crisis. You can also use our gold loan calculator to know the exact amount you will receive against your gold jewels.
  • Flexible Repayment: With the flexibility in repayments, you can pay off your debt any time you want. Our schemes include single bullet payment, interest pre-payment facilities alongside regular EMI options to make it easier.
  • Overdraft Facility: Our unique gold credit line called Rupeek Quick allows borrowers to withdraw funds according to their needs. Additionally, the interest rate applies to the used sum only instead of the total sanctioned loan amount.

Apart from these borrowers also get instant doorstep service after applying for the loan. From the documentation procedure to loan disbursal, everything gets completed within 30-45 minutes.

These compelling features make sure that our customers are getting proper financial assistance during emergencies. While other funding options give rise to additional liabilities, Rupeek offers unique facilities to get rid of the burden.

Our Service Locations In Kolkata

We have extended our doorstep services to the following places in Kolkata:

  • Dum Dum
  • Ballygunge
  • Jadavpur
  • Baghajatin
  • Baranagar
  • Ganesh Chandra Avenue
  • Park Street
  • Kalighat
  • Taltala
  • Tollygunge
  • Park Circus
  • Esplanade
  • Behala
  • Dharmatala
  • College Square
  • Hastings

The easy accessibility and affordable monthly instalments are some necessary aspects most of the borrowers look for. And, a gold loan with Rupeek brings all of that.

So instead of searching for ‘credit card takeover loan Kolkata near me’, download Rupeek app to find yourself the best deal.

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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 are the credit card loan documents I need to arrange to avail the loan?

Usually, the existing customers are not required to submit further documents while availing the loan. However, for new customers, the document requirements include 2 passport size photos, salary proof (Last 3 months salary statement) or business turnover details, self-attested national identity cards, proof of address (electricity bill or ration card, etc.), PAN card, ITR statement, and Form 16.

  1. Is there any partial repayment option available on Rupeek’s gold loan?

Yes, Rupeek offers a partial repayment process in case the borrower is unable to repay the total fund altogether. However, the individual jewels being part released should weigh approx. 10 grams or more.

  1. Can I apply online for a credit card loan?

Yes, you can easily apply for a credit card loan using online portals or mobile applications of your preferred financial institution.

  1. Are gold coins accepted to get the gold loan from Rupeek?

Unfortunately, our lending partners do not accept gold coins or bars at the moment. Apart from that, you can pledge any kind gold jewellery of 18 carats and above to avail the loan.

  1. Can I get a credit card loan of Rs. 5 lakhs?

It’s based on your unused credit limit and depends on the card issuer as well. Certain financial institutions cap the maximum amount offered as a credit card loan in Kolkata irrespective of the unutilised credit limit.

  1. Does Rupeek’s gold loan also have a specific CIBIL score requirement?

No, your CIBIL score is not required for a gold loan from Rupeek. The eligibility criteria are pretty minimal, which includes KYC verification only.

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