Credit Card Loan in Pune

Credit Card Loan in Pune

Synonymous with “Oxford of the East”, Pune is home to the largest number of educational and research institutions, including Indian Institute of Science Education and Research (IISER), Tata Research Development and Design Centre (TRDDC), National Defence Academy (NDA), and Automotive Research Association of India (ARAI). Besides education, the robust IT sector of Pune comprising over 800 companies also accounts for driving in a considerable part of the urban population of the country.

These, along with manufacturing units of Mercedes Benz, Land Rover, Bajaj Auto, Volkswagen, Tata Motors, and other renowned automobile companies facilitate ample employment opportunities, giving the metropolis its title of the “Most Liveable City of India”. Matching with the rapid pace of the city’s development often impels students and employees to turn to credit card loan in Pune as a quick funding solution.

What Is A Loan Against Credit Card?

Financial institutions allow both new and existing cardholders to avail personal loan against credit card depending on their CIBIL score and other eligibility factors. This borrowing option is increasingly popular among millennials given their instant availability. These loans are sanctioned against an individual’s unused credit card limit, which they can determine using a credit card loan calculator.

How To Apply For A Credit Card Loan In Pune?

Here is a detailed application procedure for individuals willing to opt for a credit card takeover loan Pune.

Step 1: Sign in to your internet banking account with the concerned bank.

Step 2: Under the credit card section, select or register the card you want to avail a personal loan against.

Step 3: Specify your required loan amount, interest rate, and tenure in the application form displaying your card’s pre-approved limit. Reaffirm your loan details to continue.

Step 4: Once approved, your loan account will be credited with a personal loan against credit depending on your loan against credit card eligibility Pune.

Before going ahead with the application procedure, individuals need to keep in mind the eligibility criteria they need to meet to qualify for a credit card loan in Pune, which includes:

  • Owning a credit card
  • Possessing a good credit history
  • Maintaining a clean borrowing and repayment pattern, devoid of any record of default

Although credit card loans are pertinent emergency borrowing options, any individual unable to make it through the necessary eligibility criteria will not be able to avail an instant loan on credit card.

Again, the unsecured nature of these loans increases the risk-factor for lenders and thus, the interest rates charged are on the higher side. Many potential borrowers may be unwilling to undertake such a heavy financial burden while others may even fail to acquire one.

Do not let such circumstances put a hold on your funding requirements. Address them at the earliest with a gold loan instead.

What Makes Gold Loan A Better Funding Option?

Here is how a loan against gold can benefit you better than a credit card loan in Pune.

  • Since gold loans are sanctioned against collaterals, they reduce the financial risk for lenders and hence come with less intimidating interest rates than a loan on credit card Pune.
  • Borrowers can opt for foreclosure of a loan without bearing any prepayment charges, which helps cut down further on the borrowing cost.
  • Similar to the credit card loan, a gold loan comes with no end-use restriction.
  • Gold loan eligibility does not require applicants to mandatorily possess a high CIBIL score or a sound credit history.

As an alternative for your “credit card loan provider near me” searches, Rupeek offers gold loan with a hoard of other benefits in addition to the facilities mentioned above.

Why Is Rupeek Your Best Gold Loan Partner?

Rupeek aims to make easy funding solutions available to people with varying financial backgrounds by offering various loan schemes to cater to all requirements. Besides, borrowers can also benefit from additional offers as discussed below.

  • Convenient Usability

Just like a credit card loan, Rupeek offers flexibility in its gold loan’s usage. This is why borrowers can utilise this loan to pay credit card outstanding and finance all sorts of requirements like wedding expenses, higher education costs, medical expenses, etc.

  • Save On Interest Payment

Rupeek provides gold loans up to Rs.1.5 crores, depending on the pledged gold’s current market value, at interest rates starting from 0.49% per month. You can estimate the available loan amount against your gold jewellery with our online gold loan calculator.

  • Flexible Repayment Schemes

With Rupeek gold loan, borrowers choose to either repay any amount at any time during the tenure or they can pay in monthly EMIs.

  • Balance Transfer Facility

Individuals willing to shift an existing gold loan can benefit from Rupeek’s loan transfer facility and save up to Rs. 12,377 on interest payment. They only need to submit their loan pledge card with other necessary documents after clearing all outstanding payments with the current lender.

  • Doorstep Service

Rupeek offers instant online gold loan at your doorstep provided you meet all necessary requirements. Get verification completed and gold appraised by our loan manager at your residence and enjoy instant loan transfer post approval.

In addition to the above pros over a credit card loan in Pune, Rupeek also offers an extended credit line against gold exclusive to its existing customers.

What Is Gold Line Of Credit Facility?

Rupeek Quick is a gold overdraft loan facility using which existing Rupeek customers can collateralise additional gold items to avail instant funds in their in-app wallet. This facility is especially beneficial for individuals looking for short-term financial aid. Borrowers can withdraw funds as and when necessary from a pre-set credit limit and pay interest on the withdrawn loan amount only. Plus, no additional documents are required to avail this facility since it is offered to existing gold loan borrowers.

Rupeek provides gold loans across India with the above advantages, coupled with a 30-minute instant disbursal policy in select localities in Pune.

Where Can You Avail Our Services In Pune?

Find your nearest area of Rupeek services from the list given below.

  • Vadgaon Sheri
  • Vishrantwadi
  • Lohegaon
  • Pimpri-Chinchwad
  • Lohogaon
  • Swargate
  • Viman Nagar
  • Kothrud
  • Katraj
  • Nanded
  • Pashan
  • Parvati Hill
  • Aundh
  • Sadashiv Peth
  • Hadapsar

Still on the lookout for a prompt funding solution like credit card loan in Pune?

Choose a gold loan from Rupeek instead. Apply for one on our website for instant financial aid today!

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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. How can I avail a referral bonus on gold loan from Rupeek?

Rupeek offers interest waiver for a month up to Rs.2,000 as referral bonus to its customers. To avail this offer, all you need to do is download the Rupeek app, and go to the “Refer and Earn” page, where you can get your referral code. Share this code with your friends and relatives and enjoy your referral bonus once they use this to avail a minimum loan amount of Rs. 50,000.

  1. Can I avail a loan against credit card after I have exceeded my credit limit?

You cannot avail a credit card loan once you have exhausted your credit limit since it is offered on the unused balance.

  1. What is the procedure to repay a Rupeek gold loan?

To repay a gold loan, visit the gold loan payment portal. Sign in to your profile with your registered mobile number and OTP to view all gold loan repayments and complete them likewise.

  1. What is the difference between a personal loan and a credit card loan?

The most prominent difference is that applying for a personal loan involves submitting documents like proof of identity, residence, employment, income proof, etc., which makes its approval lengthy. On the other hand, credit card loans are pre-approved, thus facilitating a zero-documentation process for their approval.

  1. What are the documents required to avail a loan against credit card in Pune?

Usually, availing a loan against credit card does not involve any documents, since all details of an applicant are updated in the bank’s database when availing a credit card itself.

  1. Are my gold items secure with Rupeek?

Rupeek ensures optimum safety of collaterals by carrying out secure transportation via GPS-tracked bags with security partner Brinks. After reaching the nearest partner bank, your gold items are stored in secure vaults, where they stay under 24x7 surveillance. Additionally, all jewellery items are 100% insured against any sort of damage or theft.

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