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.
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’.
A 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.
Here are some prominent features of gold loans that make it a favourable financial product to avail –
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.
Below mentioned are a few notable gold loan features that you can enjoy with Rupeek –
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.
The rate of interest levied by us on gold loans starts from 0.79% 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.
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.
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.
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.
In most cases, the unused limit remains intact even when you take a loan against that amount.
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.
Yes, GST is applicable on loan against credit card. Moreover, it is applicable at an 18% rate that is similar to other financial products.
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.
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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