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Surat, the eighth-largest city in India, is famous for its diamond polishing and textile industry. It has earned Surat the status of both ‘Diamond City of India’ and ‘Silk City of India’. Places like Dutch Garden, Hajira Village, Dumas Beach, Dandi Beach, Sardar Patel Museum, Suvali beach, and Sarthana Village serve as Surat’s top tourist attractions.
The city is home to various domestic and international IT companies. Recent technological developments have made access to products like a credit card loan in Surat simpler. Individuals can easily access loans of this type to address a range of financial obligations, like shortage in inventory, medical emergencies, etc.
Financial institutions offer an instant loan on credit card against the unutilised credit limit of a borrower. While availing a credit card loan, individuals must know the following features to make a wise decision.
The beneficial features of credit card loans come handy during a financial crunch. However, these types of financial tools have certain shortcomings too. As credit card loans are unsecured, financial institutions run a higher risk of non-repayment. Resultantly, banks and NBFCs charge a higher interest rate, making it an expensive financial product.
Not only that, if an individual fails to pay monthly instalments in due time, she/he must bear the penalty charges demanded by the lending institution. Also, individuals cannot get credit card loan with bad credit score.
As an alternative, people can consider a gold loan. It offers similar benefits like quick availability of funds but sans the strict eligibility norms or excessive rates of interest.
Individuals can utilise gold ornaments’ monetary value during urgent cash requirements to meet several of their personal expenses.
A distinctive discussion between a loan on credit card and gold loans will illustrate the underlying benefits of availing the latter.
Particulars |
Credit card loan |
Gold loan |
Loan type |
Unsecured |
Secured |
Interest Rate |
Higher |
Lower |
Eligibility criteria |
Stringent |
Relaxed |
Credit card |
Required |
Not required |
CIBIL Score |
750 or above |
Not required |
Loan amount |
Comparatively lower (Depends on the credit limit of the borrower) |
Higher (Depends on the amount and quality of gold an individual pledges) |
Rupeek brings additional features to the plate to ensure you can maximise your benefits of availing a gold loan over a credit card loan in Surat.
The 100% transparent gold loan process and consumer-friendly repayment schemes of Rupeek are designed to help individuals looking for instant funds. Following are the features and benefits individuals can expect while applying for a gold loan with us.
With Rupeek, individuals can get up to Rs. 1.5 crores within an hour. From gold loan application to KYC verification to loan disbursal, we take only 45-60 minutes. With such a faster processing time and disbursal, people in Surat can meet any urgent personal obligation timely.
By availing gold loan services from Rupeek, individuals can enjoy doorstep instant gold loan services. Once a borrower requests a gold loan with Rupeek, the gold loan executive reaches at the borrower’s preferred location within 30 minutes to complete all the formalities. The doorstep gold loan services of Rupeek reduce the risk of carrying gold valuables outside and assure the utmost privacy.
Unlike a credit card takeover loan Surat, the interest payment is more manageable with Rupeek. Our starting interest rate is 0.79% per month. Thus, individuals can save sizeably by opting for our gold loan.
Loan to Value ratio is the amount individuals get against their pledged gold. With Rupeek, individuals are guaranteed to get maximum cash against the pledged gold as we offer LTV up to 80%. To get a clear understanding of the loan amount beforehand, borrowers can use our user-friendly gold loan calculator.
We offer multiple repayment options as opposed to a credit card loan that you need to pay in EMIs only. Individuals can opt for a monthly payment option or repay any time as per their convenience within the 6 months gold loan tenure.
The multitudinous benefits and facilities of Rupeek do not conclude here. Individuals can also access an instant credit line against gold by opting for our services.
To know more about the gold overdraft facility, continue reading.
The gold overdraft facility also referred to as ‘Rupeek Quick’ enables borrowers to secure a credit line. By availing this facility, borrowers can withdraw cash any time as per their requirement form a pre-set limit. Moreover, they can save a considerable amount as they must pay interest only on the utilised amount from the sanctioned limit and not on the entire loan amount.
To ensure individuals get access to quick funding during an emergency liquidity crisis, we offer our services across all central locations in Surat.
You can enjoy our doorstep gold loan up to Rs. 1.5 crores in Surat in the following locations –
Your search for ‘credit card loan lenders near me’ comes to an end with us. Avail our gold loan today and enjoy 100% transparent process, flexibility in repayment, and a sizeable loan amount in just 60 minutes.
Click apply now!
Factors like credit score and repayment history affect the eligibility of a loan against credit card in Surat. A low score and record of payment default can impact your eligibility negatively?
You can get a credit card loan only if you have an existing card with an unused limit. If so, apply for this loan online by putting in a request with your credit card issuer.
When you are availing a gold loan, consider the LTV offered, the interest charged, repayment options, range of loan amount, and the quantity and quality of gold ornaments you hold.
Indeed, you can repledge the jewels to continue your existing gold loan. To initiate the process, you need to contact our customer support team, who will guide you throughout the process.
No, you cannot get a gold loan against a gold coin. The partner bank of Rupeek accepts gold jewellery of 18 carats or above.
No, all credit card holders are not eligible for credit card loans. Based on credit score, repayment history, individuals get a loan against credit card.
Individuals can apply for a credit card loan through both online and offline mode.
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