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Vadodara
Credit Card Loan in Vadodara
credit-card-loan-in-Vadodara

Credit Card Loan in Vadodara

Renowned as “Kala Nagari” meaning the “City of Art”, Vadodara is home to notable structures like Saradar Patel Planetarium and the Lakshmi Vilas Palace. The third-largest city of Gujarat also attracts a lot of young talent to the famous Maharaja Sayajirao University of Baroda besides driving in notable employment via large-scale industrial bodies like L&T, Indian Oil Corporation, and Reliance Industries Limited.

Further, the city’s trade and the power transmission sector also play a significant role in boosting its revenue. Such a progressing economy frequently sees residents in need of instant external funding. Here, a credit card loan in Vadodara often serves as a viable source to avail finance.

Why Do People Prefer A Credit Card Loan In Vadodara?

Individuals owning a credit card can avail a personal loan against their outstanding credit limit in Vadodara to finance various day-to-day expenses. This is because, apart from the benefit of zero end-use restrictions, credit card loans offer the following advantages as compared to traditional personal loans.

  • Zero Documentation: Card-holders already have their credit card loan documents updated in the lending bank’s database, facilitating a documentation-free loan application.
  • Prompt Financing: A relaxed documentation process and pre-approved facility automatically make credit card refinancing Vadodara an instant funding option, presenting it as an ideal solution during emergencies.
  • No Collaterals: Applicants do not require pledging any asset to avail one, since these financial products are unsecured in nature.
  • Easy Repayment: An EMI facility alleviates the burden on one’s finances. These EMIs are usually billed to the credit card every month.

Availing these rewarding facilities, however, require potential borrowers to meet certain loan against credit card eligibility Vadodara requirements, as discussed below.

Who Can Avail A Credit Card Loan?

Apart from being a cardholder, to avail a credit card loan in Vadodara, applicants need to -

  • Possess a commendable credit history.
  • Maintain a punctual purchase and repayment pattern, not involving any default.

Such stringent eligibility criteria can pose as a hindrance to the majority and allow only select individuals to enjoy loan approval. Plus, a remarkably high loan on credit card Vadodara interest rate adds to the cons of this means of borrowing.

As a more feasible solution to your “credit card loan provider near me” searches, a gold loan can be an excellent substitute.

How Is Gold Loan A Better Alternative?

Besides similar benefits of flexible usability, allowing individuals to avail a credit card loan for car, etc. gold loans offer the following additional advantages.

  • Availing a gold loan is made easier with much-relaxed eligibility criteria, and does not involve credit history check.
  • Gold loans come with remarkably lower rates of interest, allowing individuals to enjoy substantial savings on borrowing cost.
  • These funds come with a much shorter repayment tenure than that of credit card loan in Vadodara, which is especially beneficial for individuals with short-term loan requirements.

A gold loan from Rupeek offers several other benefits, in addition to the advantages mentioned above.

Why Choose Rupeek?

With a trusted 1 lakh+ customer base, we offer various loan schemes to cater to individuals with varying financial backgrounds. Besides, it also offers borrowers complimentary benefits such as:

  • Higher Loan Amount: Rupeek offers up to 80% of your gold’s value, worth up to Rs. 1.5 crore. This is a sizeable loan to pay credit card outstanding and to finance all major requirements. Check available funds against your collateral using our online gold loan calculator.
  • Choice Of Repayment: Borrowers have the choice to repay in monthly EMIs, or make payments any time within the tenure, including one-time bullet payment.
  • Military-Grade Security: Partnered with Brinks, Rupeek provides secure transportation of gold items, and secured storage in nearby partner bank vaults thereafter.
  • Gold Credit Line: Rupeek Quick is a gold overdraft loan facility, using which existing Rupeek customers can pledge additional gold to avail instant funds via their in-app wallet anytime, without needing to submit further documents.
  • Pre-Payment Facility: With Rupeek, borrowers can close a loan before the end of its tenure without paying any additional charges, unlike credit card loan pre-closure.

Additionally, Rupeek also offers a 30-minute instant online gold loan at your doorstep facility when applying from select locations in Vadodara.

Where Can You Find Us In Vadodara?

Apply for a loan against gold from Rupeek in the following areas instead of a credit card takeover loan Vadodara.

  • Khanderao Market
  • Padra
  • Manjusar
  • Ajwa Road
  • Akota
  • Por
  • Manjalpur
  • Dabhoi
  • Karelibaug
  • Waghodia Road
  • Navlakhi
  • Bajwa
  • Bodeli
  • Savli
  • Alkapuri
  • Makarpura

Don’t let your poor credit score put availing funds on hold. Choose from the best gold loan offers on the Rupeek website or download the app 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% 0.79%
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. Can I apply for a loan to clear dues on the same card?

Yes, banks do not exercise any control over the end-use of these financial products which allows existing cardholders to apply for a credit card debt payoff personal loan against remaining balance.

  1. How can I avail additional discounts on gold loan repayment with Rupeek?

Borrowers can make timely payments in order to avail discounts on future payments. Rupeek also offers additional rebates on early payment or quick payment of instalments.

  1. What additional charges do I need to pay when availing a credit card loan in Vadodara?

Lending institutions charge a substantial processing fee when sanctioning a personal loan against credit card.

  1. Is there a minimum CIBIL score required to acquire funds against credit card?

Yes, applicants must maintain a minimum CIBIL score of 750 in order to avail a credit card loan in Vadodara.

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