Credit Card Loan in Visakhapatnam

Credit Card Loan in Visakhapatnam

Visakhapatnam or Vizag is a port city in Andhra Pradesh with thriving sea-food processing and export sectors. The city is also a popular tourist destination with sites like the Rushikonda beach, Kambalakonda Wildlife Sanctuary, Totlakonda Buddhist ruins, and the Submarine.

The executive capital of AP has witnessed a significant rise in its IT and pharmaceutical industries in recent years, leading to steepening standards of living. A credit card loan in Visakhapatnam comes in handy to deal with a range of expenses that people cannot cover with their current disposable income such as medical emergencies, wedding, education, or travel.

Loan Against Credit Card – An Easy Solution

A credit card loan in Visakhapatnam offers an instant solution to several financial requirements. It allows borrowers to source the needed funds without much hassle.

It is available on an existing card’s unused limit. Individuals who are already using this payment card can quickly apply for this loan. Since the financial institution already has necessary details, the application process is relatively quick.

However, the loan against credit card eligibility Visakhapatnam includes maintaining a healthy credit score of 750 and above, along with a credit history devoid of any defaults.

An instant loan on credit card depends on a credit card’s prevailing limit. Also, interest is charged differently on a credit card loan compared to how it accrues on late repayment of card bills. One must check this factor when looking up ‘credit card loan lenders near me’.

credit card refinancing Visakhapatnam is a convenient option for borrowers requiring instant funds. But strict eligibility norms and high rates of interest can prevent individuals from maximising their benefits.

In such cases, individuals can opt for an alternative like a gold loan. The lenient eligibility norms and friendlier loan terms help borrowers to meet their monetary need without any hassle.

Features Of Gold Loans

Here are some prominent features of gold loans that make it a favourable financial product to avail –

  • No end-use restrictions
  • Access to a high loan amount
  • Repayment flexibility
  • Quick processing and disbursal
  • Relaxed eligibility criteria
  • No foreclosure charges

Rupeek also offers an instant online gold loan at doorstep along with a range of other customer-friendly benefits like credit line against gold to ensure optimum convenience.

Benefits Offered By Rupeek’s Gold Loan

Below mentioned are a few notable gold loan features that you can enjoy with Rupeek –

  1. Overdraft Facility

Customers can avail funds at their will the overdraft facility extended by us. Known as Rupeek Quick, this credit line facility lets borrowers get a sanctioned amount from which they can withdraw as per their need. Moreover, they only pay interest on the amount they utilise, and not the entire loan amount.

  1. Affordable Interest Rates

The rate of interest levied by us on gold loans starts from 0.49% per month. Hence, interest payment with Rupeek is more affordable. Also, the high per-gram rate offered by us allows borrowers to get up to Rs. 1.5 crores against their gold jewellery.

  1. Flexible Repayment Plans

We feature multiple repayment schemes so that borrowers can repay as the loan as it suits them. They can choose to pay EMIs or repay the total payable amount as it suits them any time during their tenure.

  1. Easy Balance Transfer

The loan transfer facility offered by us allows individuals to save 12,377 per lakh and enjoy other perks of Rupeek. The simple documentation process ensures customers can get their gold loan transferred instantly.

Also, our presence in the top localities of Visakhapatnam helps us to reach your doorstep in just 30 minutes.

Places In Visakhapatnam Where Rupeek Is Operational

  • Andhra University
  • Akkayyapalem
  • Kancharapalem
  • Gajuwaka
  • Gopalapatnam
  • Madhurawada
  • Maharanipeta
  • Nad Junction
  • Mvp Colony
  • Port Area
  • Naval Dock Yard
  • Simhachalam
  • Pendurthy
  • Viman Nagar

A credit card loan in Visakhapatnam can manage any financial distress. Contrarily, the strict eligibility terms can be difficult for some to meet. Alternatively, borrowers can opt for a gold loan to bypass this hassle.

So, call Rupeek for a fair, fast, and flexible solution.

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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. Does a credit card loan in Vizag affect my credit card limit?

In most cases, the unused limit remains intact even when you take a loan against that amount.

  1. How to initiate a gold loan request with Rupeek?

You can initiate a gold loan request with Rupeek by submitting your mobile number. After that, a company representative will contact and guide you through the process. 

  1. Is GST applicable on credit card takeover loan Vishakhapatnam?

Yes, GST is applicable on loan against credit card. Moreover, it is applicable at an 18% rate that is similar to other financial products.

  1. Can I get a credit card loan without income proof?

Credit card issuers generally check your repayment history and credit score before sanctioning a credit card loan in Visakhapatnam. Documents pertaining to income proof is not necessary.

  1. How to close a gold loan with Rupeek?

To close a gold loan with Rupeek, you need to log in to the payment portal. After that, you can see your account summary, and click on the ‘close loan’ option to make necessary payments.

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