Credit Card Loan in Madurai

The following are some of the features of a credit card loan:

• It is an unsecured loan and does not require borrowers to hypothecate any asset.
• There’s no requirement of credit card loan documents as it’s a pre-approved offer provided by a financial institution.
• Transfer the outstanding amount on different credit cards to a single card and minimise the burden of EMIs.
• You can opt for this type of loan to pay credit card outstanding.
• The loan amount is sanctioned against your available credit limit.
• Many financial institutions offer online credit card loan calculators which enable computing the monthly EMI.

To avail an instant loan on credit card, borrowers need to meet the following eligibility criteria:

• The credit score has to meet the financial institution’s requirement. Usually, a score of above 750 is considered to be adequate.
• They must have a decent track record of credit repayment.

• High Interest Rates: The interest rate on the loan amount is determined by the credit score and income of the borrower. Hence, to pay credit card lowest interest rate Madurai, one needs to maintain an exceptional credit score.
• Stringent Eligibility Criteria: As noted above, individuals are required to have a high credit score to avail this type of financial assistance. Moreover, their credit repayment history is also checked before sanctioning the loan. Fulfilling these criteria is often challenging for most individuals.
• Insufficient Loan Amount: Since the loan is only sanctioned against your remaining credit limit, it may not be enough to finance your expenses.

Due to the above-mentioned drawbacks, individuals requiring instant access to funds are now opting for gold loans instead of a credit card loan in Madurai.

A gold loan is a secured advance sanctioned to a borrower by lenders against gold ornaments, kept as collateral by the former.

If you’re ever in need of funds urgently, the idle asset sitting in your locker can come to your rescue. Here are some of the benefits of a gold loan:

• Minimal documentation
• No restrictions on the utilisation of funds
• No credit score requirement
• Low-interest rates
• Shorter loan tenure

Besides these, you may also be a beneficiary of some additional lender-specific features if you opt for a gold loan. We, here at Rupeek, have become extremely popular among the residents of Madurai as providers of efficient gold loan solutions.

Here’s how you will benefit from availing our gold loan:

• Lowest Interest Rates: Contrary to a credit card loan in Madurai, you can avail a gold loan at extremely low-interest rates. Our rates start at 0.79% p.m. However, it is subject to change based on your location and the scheme you opt for.
• Loan At Your Doorstep: The entire process, including document verification and gold appraisal, takes place from the comfort of your home.
• High Loan Amount: With us, you can avail a loan of up to Rs. 1.5 crore, which is significantly higher than the maximum credit card loan limit.
• Gold Loan Overdraft: We offer loan overdraft against gold. This facility is known as Rupeek Quick. It allows you to pay interest only on the amount you utilise from a pre-sanctioned limit.
• Bullet Repayment: You can choose to make repayments through monthly instalments, or you can pay the entire loan amount at the end of the tenure, i.e. 6 months.

To apply for a gold loan, and enjoy these benefits, place a request via our app. Our authorised executive will be there at your location in 30 minutes to complete the mandatory formalities. Once, the KYC and gold valuation process is complete, the loan amount will be transferred to your account instantly.

You can avail our doorstep services if you’re a resident of the following areas:

• Thiruparankundram
• Tirumangalam
• Palanganatham
• Vilakkuthoon
• Othakadai
• Tirunagar
• Alanganallur
• Kamarajar Salai
• Anna Nagar
• Vadipatti
• Sholavandan
• Madurai Main

You can now end your search for the “best credit card loan provider near me”. Instead of a credit card loan in Madurai, avail our gold loan and finance your expenses with ease.