Credit Card Loan in Rajahmundry

Credit Card Loan in Rajahmundry

The commercial hub of East and West Godavari, Rajahmundry is known for its floriculture industry. Several nurseries spread across the city contributes significantly to the economy of this city. Along with that, tourism is another notable contributor.

The growing economy of Rajahmundry has also steeped the cost of living, leaving individuals with a low disposable income to meet unprecedented expenses. Individuals can take a credit card loan in Rajahmundry to manage such expenses.

Definition Of A Loan Against Credit Card

It is a type of personal loan, available to existing and new credit card users. Unlike other personal loans, it does not include a separate documentation process, as lenders already have the necessary details about an applicant. Credit card loan limit Rajahmundry depends on that particular payment card's unused limit.

Let us look at an example: Mr Alok has a credit card with a limit of Rs. 50,000, and he has already used Rs. 15,000. In that case, he is eligible for a personal loan against credit card of up to Rs. 35,000.

However, a point to remember here is that Mr Alok's repayment history will play a crucial role in his loan eligibility. If he has a clear credit history without any defaults, he can get an instant loan on credit card of up to the entire unused credit limit.

Even though loan on credit card Rajahmundry is a convenient borrowing option, it is vital to know the advantages and disadvantages of this financial product to make an informed decision.

Pros And Cons Of Credit Card Loan In East Godavari

Here is a concise idea on the pros and cons of credit card refinancing Rajahmundry – 



No extra documentation is needed

Not everyone is eligible

Quick processing

High interest rates

Instant access to funds

The loan amount is not that substantial in most cases

A credit card loan in Rajahmundry is ill-suited for people who need a large amount, especially in lakhs or crores. Even though a person is eligible for a sizeable sum, the interest might be burdensome. To avoid these inconveniences while ensuring instant disbursal, a person can choose a gold loan.

However, one must select a lender that makes the borrowing experience hassle-free and convenient. In this regard, Rupeek is a name to consider with borrower-friendly benefits like doorstep services, lenient eligibility terms and many more.

Merits Of Gold Loans Offered By Rupeek

Here are some noteworthy features of Rupeek that makes it a preferred gold loan provide for many –

  1. We offer a high per-gram rate that enables borrowers to get up to Rs. 1.5 crores against their gold articles. Individuals can use the gold loan calculator available on our website to learn more.
  2. Additionally, the rate of interest levied by us on gold loans starts from 0.49% per month. Hence, interest repayment is not a hassle anymore.
  3. Also, we use strong security measures to ensure the safety of gold articles. We use GPS-enabled bags to carry them, use high-security vaults to store them, and provide complimentary insurance coverage during the tenure.
  4. The eligibility criteria of Rupeek only require an individual to be above 18 years. Also, he/she needs to submit the KYC documents to complete this process.
  5. The loan transfer facility offered by us also helps borrowers to save substantially on loan repayments and enjoy other perks offered by Rupeek. Moreover, one can save up to Rs. 12,377 per lakh on repayments.

Individuals are also eligible for an additional facility called Rupeek Quick when they avail a gold loan from us. It is an overdraft facility that allows our existing customers to pledge additional gold and access more funds. Moreover, they can withdraw and utilise this fund as per their convenience.

Furthermore, with Rupeek Quick, one can pay interest only on the amount used, thereby ensuring maximum savings.

Also, our doorstep services help applicants to skip the hassle of visiting a branch and avail the necessary services from the comfort of their home. Moreover, it is possible owing to our strong presence in the different areas of Rajahmundry.

Doorstep Service Locations In Rajahmundry

  • Draksharamam
  • Danavaipeta
  • Konthamuru
  • Korukonda
  • Kadiyam
  • Lakshmi Puram
  • Mandapeta
  • Maredumilli
  • Ramachandrapuram
  • Rampachodavaram

The lack of documentation and quick processing makes a credit card loan in Rajahmundry a convenient option to meet any expense hassle-freely. However, the high interest rate and stringent eligibility often become a hurdle. Hence, one can opt for an alternative like a gold loan to bypass such requirements and get necessary funds at favourable loan terms.

So, instead of searching for a 'credit card loan provider near me' call Rupeek for a quick financing solution from anywhere in your city.

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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. Are there any charges on credit card loan pre-closure?

Yes, there are additional charges on foreclosing a credit card loan in Rajahmundry. The particulars, however, may vary from one lender to another.

  1. What is a credit card loan calculator?

It is an online calculator that enables you to calculate the details of your loan amount. Also, you can adjust the tenure to find one that suits your repayment capacity.

  1. How to initiate a loan request with Rupeek?

You can quickly do it online by submitting your mobile number. After that, a company representative will contact you for further processing.

  1. What is the required CIBIL score to get funds from Rupeek?

Rupeek has no CIBIL score requirements to extend funds. One can get it with a poor score as well.

  1. How to avail rebate on Rupeek gold loan?

The rebate depends on the frequency of repayments. You will be eligible for a higher refund if you repay more frequently.

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