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Rajkot, a former princely state in west-central Gujarat, has established itself as an important industrial and commercial centre. However, the city is better known for its heritage patola-weaving along with traditional handicrafts in embroidery, silverwork etc. Rajkot is set to be developed as a Smart City under the Rajkot Municipal Corporation plan having a budgetary allocation of Rs. 2,623 crores.
Pursuant to this proposal, civic amenities of the city would be overhauled to include water supply for 24 hours, smart traffic management, facilitating mobility issues along with making Rajkot energy efficient with affordable housing. With the development of such infrastructure, it is not far-fetched to assume that big-ticket investments would be underway.
With Rajkot becoming a smart city, the population of the city is set to increase along with the expenditure levels. In that regard, there may be a greater need for a credit card loan in Rajkot.
A credit cardholder has the option of availing an instant loan on credit card. This easy financing is effective in meeting the immediate cash needs of a cardholder. This loan variant comes with a range of benefits –
However, the credit card loan amount Rajkot is commensurate to the limit approved for the card. Hence, a loan on credit card Rajkot cannot be higher than the credit limit.
So, if you are in need of substantial corpus, a credit card loan in Rajkot may fall short to meet your requirement.
As the personal loan does not require any collateral, stringent terms are imposed to mitigate the high risk associated with it. To begin with, the CIBIL score requirement for a credit card loan is 750 or above. If the score is lower than the minimum threshold, the application would not be approved. Apart from the score, credit history is also taken into consideration.
Furthermore, a loan on credit card Rajkot interest rate can be significantly high, up to 42% p.a. One can use the credit card loan calculator to determine the overall cost of borrowing. To find out the credit card lowest interest rate Rajkot, you can look up ‘credit card loan provider near me’.
If you seek a financing option that does not involve rigorous criteria of credit card loan in Rajkot or the exorbitant interest rate, a gold loan might just be the best alternative.
In case of a gold loan, not only the eligibility criteria are more relaxed, but the time taken in the application process is also remarkably less. The table indicated below shows the main points of difference between a credit card loan in Rajkot and gold loan.
Parameters |
Credit Card Loan |
Gold Loan |
Rate of interest |
High |
Low |
Collateral |
Not required |
Required |
CIBIL score |
750 or more |
Not required |
Loan amount |
The loan amount is determined according to the limit of the credit card. |
The loan amount is determined according to the value of the pledged gold articles. |
While the benefit of a gold loan over credit card loan in Rajkot becomes apparent, borrowers may be in a fix to zero in on the loan provider. Consider this, Rupeek Quick can extend that last-minute cash that you need urgently. All you have to do is transfer cash to your account anytime or withdraw directly from the wallet. Also, interest payment has to be done only on the amount withdrawn. This is only one of the benefits offered under our gold loan. To know the other perks, read along.
Here are some of the features of a Rupeek gold loan, which makes it a lucrative alternative to a credit card loan in Rajkot –
Borrowers can get a loan of up to Rs.1.5 crores in just 60 minutes with us. One can address emergencies like sudden hospitalisation, shortage in business inventory, etc. easily with our gold loan.
Keeping in mind the convenience of our borrowers, Rupeek extends instant online gold loan at your doorstep. The safety and security of the online platform are ensured by Rupeek with the 256-bit data encryption technique along with SSL technology.
Our interest rate starts at 0.79% per month. Such rate does not put excessive strain on the finances of a borrower.
Rupeek offers one of the highest rates for per gram of gold. An applicant can use a gold loan calculator to find out the loan amount against the gold. The calculator is also effective in finding out how much gold has to be pledged to obtain a definite loan amount.
Borrowers have a lot of flexibility in terms of repayment options. One may choose a scheme that meets their convenience. Repayment can be made on a monthly basis, or the loan can be liquidated with a single payment or through instalments of varying amounts anytime during the tenure of the loan.
The overdraft facility provides the scope to borrowers to transfer cash anytime in their account against an approved limit, and pay interest only on the withdrawn amount.
You can avail our doorstep services in various locations of Rajkot. Here are few of those -
Your search for an affordable and instant loan stops with Rupeek. Avoid the high rates of interest of a credit card loan in Rajkot and get a gold loan from us. Reach out anytime, and we will be at your doorstep.
As of now, we only accept gold jewellery of 18 carats or above. Gold coins or bars cannot be pledged.
Any resident Indian who is 18 years or above can apply for gold loan. The applicant can be salaried personnel, self-employed, homemaker, pensioners, students etc.
With the registration of the application, our loan manager will visit you by 30 minutes. After due verification, the loan amount is disbursed within 45-60 minutes.
A borrower has to avail a minimum amount of Rs. 15,000 under Rupeek Gold Loan.
Borrowers have the option to either make a monthly payment or pay anytime during the loan tenure.
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