Credit Card Loan in Surat

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.

1. Collateral-free Loans: Individuals do not need to pledge any collateral while applying for the same as a loan against credit card is unsecured.
2. Interest Rate: The interest rate of credit card loans varies with each financial institution. Due to the unsecured nature of credit card loans, banks and institutions charge a higher interest rate.
3. EMI Payments: The prime advantage of availing a credit card loan in Surat is that it can be repaid in EMIs. Here, individuals need not worry about paying anything at once, like in credit card bills.
4. Eligibility: To get a credit card refinancing in Surat, one must fulfil the card issuer’s basic eligibility parameters. With an excellent credit score and a healthy repayment history, individuals can easily access this loan.
5. Documentation: Individuals do not have to submit any credit card loan document while applying for the same. It saves on processing time, ensuring faster disbursal.
6. Guarantor Is Not Required: While applying for credit card loans, individuals do not need to present any guarantor or post-dated cheque.

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.

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. 

• Quick Disbursal Up to Rs. 1.5 crores

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.

• Doorstep Services In 30 Minutes

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.

• Competitive Interest Rates

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.

• Highest LTV

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.

• Flexible Repayment

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 –

• Dumas Road
• Udhana - Magdalla Road
• Hajira
• New textile market
• Katargam
• Pal
• Amroli
• Sachin
• Umarwada
• Dumas
• Adajan
• Mota Varachha
• Olpad
• Piplod

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!