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Doorstep Loan in Bangalore
doorstep-loan-in-Bangalore

Doorstep Loan in Bangalore

Referred to as Bangalore, Bengaluru is the capital of Karnataka. Known for pleasant climate all year round, this city is located on the Deccan Plateau in India’s southern part. Bengaluru is a significant hub for Information Technology companies and is known as India’s Silicon Valley. It also serves as the headquarters for various public sector undertakings, such as Bharat Electronics Limited (BEL) and National Aerospace Laboratories (NAL).

According to reports, Bengaluru is the fourth most expensive city in this country. Hence, this city’s residents often seek financial assistance to meet various expenses, like child’s education, medical expenses, and more. However, many choose to obtain a doorstep loan In Bengaluru for maximum convenience due to their busy schedule.

Doorstep Loan – Meaning

A doorstep loan is a secured or unsecured advance that individuals can avail from their preferred location. It enables the applicants to gain instant access to funds from the comfort of their homes. Hence, one does not have to visit a financial institution to secure an instant personal loan in Bengaluru. These are an ideal option for salaried or self-employed individuals who are usually on a tight schedule due to their work-related obligations. 

Features Of A Doorstep Loan In Bengaluru

Individuals can be a beneficiary of the following features by availing a doorstep loan:

  • Hassle-free Process: The application process of a doorstep loan is hassle-free. You can avoid long queues at the branch of financial institutions by acquiring this form of financial assistance.
  • Faster Processing Time: Loans at doorstep have a quicker processing time compared to other credit options.
  • Personalised Experience: The verification and documentation processes are conducted by authorised executives who ensure maximum convenience of all customers.
  • Credit Check Not Compulsory: Individuals can avail a secured variant, like a gold-backed doorstep loan in Bengaluru with a low CIBIL score. Nevertheless, some financial institutions or fintech companies might sanction loans based on your credit repayment history.
  • No Additional Charges: The lender imposes no additional charges for offering doorstep loan services.
  • Safe Option: Since you can avail this loan from the comfort of your home, you are not required to carry vital documents to the lender’s branch.

To take advantage of these features, you have to meet the financial product’s specific eligibility criteria.

Doorstep Loan – Eligibility Criteria

Individuals must meet the following eligibility criteria to avail an online loan in Bangalore from their preferred location:

  • Applicants must be at least 18 years old.
  • An individual has to be a residing citizen of India to apply for a doorstep loan.
  • One must have an active bank account.

Besides these, eligibility criteria may vary based upon the type of loan one chooses. For example, some lenders may require you to be a salaried individual with a stable income source to avail an unsecured doorstep loan. On the other hand, you may have to submit property-related documents to obtain a secured doorstep loan in Bengaluru.

Fulfilling the eligibility requirements of some credit options can be a challenge for specific applicants. As an alternative, they can opt for a gold loan, which lets individuals acquire funds instantly from lenders by pledging their gold ornaments as collateral. 

Benefits Of Choosing Gold Loan

The following are the benefits of availing a gold loan:

  • No Credit Score Checks: Usually, borrowers must have a credit score of 750 or above to obtain an online personal loan. Nevertheless, gold loan providers do not check your credit repayment history before sanctioning a loan. Individuals can get an instant personal loan against gold, even with a low CIBIL score.
  • No Income Documents Needed: Individuals can take out a gold loan without submitting income-related documents, such as bank account statement or Income Tax Return documents. Hence, this is an ideal option if you’re looking for a doorstep loan in Bengaluru without salary slip.
  • Doorstep Service: One can avail a doorstep loan against gold from the comfort of their homes by placing a request through the lender’s online portal.

Now that you’re aware of the features of a gold loan let’s take a look at the differences between a gold loan and other types of secured doorstep loans.

Differences Between Gold Loan and Other Secured Doorstep Loans

Here are the differences between a gold loan and other secured doorstep loans:

Basis of Comparison

Gold Loan

Other Secured Doorstep Loans

Eligibility Criteria

Relaxed

Stringent

Documentation Process

Minimal

Tedious

CIBIL Score

Not Required

Might be considered

Disbursal Time

Fast

Comparatively slow

Interest rates

Low

High

Besides the features mentioned above, there are some lender-specific benefits, such as the ones offered by Rupeek. Borrowers can make the most of these features and fulfil their financial requirements without any hassle.

Benefits Of Choosing Rupeek’s Doorstep Loan In Bangalore

Here’s why you should avail Rupeek’s gold loan if you’re in the search for the best online gold loans:

  • Lowest Interest Rates: We offer gold loans at the lowest interest rates, starting from 0.79% p.m. Nevertheless, note that the interest rate is subject to change based on your location and the type of scheme you choose.
  • Instant Disbursal: Once our authorised executive completes the KYC verification and gold valuation processes, the approved loan amount is transferred instantly to your account. Therefore, our gold loan is the best option if you’re in the search of immediate cash loans in Bangalore.
  • Minimal Documentation: Individuals can secure our gold loan by just submitting their KYC documents. No income or property-related documents are required.
  • Gold Loan Overdraft: We also provide a gold credit line facility known as Rupeek Quick. It enables borrowers to withdraw cash from an approved credit limit at their convenience. Moreover, individuals only have to pay interest on the amount they use.
  • No End-use Limitations: You can utilise the sanctioned loan amount to finance all types of expenses as there are no end-use restrictions. However, you must note that the funds should not be used to finance illegal activities.

In addition to these benefits, individuals can avail our doorstep loan facility from various locations across Bengaluru.

Places In Bengaluru Where Rupeek Operates

You can avail gold-backed doorstep loan today in Bengaluru if you’re a resident of the following areas:

  • HAL Old Airport Road
  • Banaswadi
  • Koramangala
  • Sampangi Rama Nagar
  • Whitefield
  • Electronics City
  • Bannerghatta
  • Bommanahalli
  • Yelahanka
  • Banashankari
  • JP Nagar
  • HSR Layout
  • Hoskote
  • Nelamangala
  • Bellandur

Your search for the best ‘doorstep loan provider near me’ ends here with us. To avail a doorstep loan in Bengaluru, place a request via our app, and our loan manager will reach your location as per the scheduled time to complete the necessary formalities.

Apply for a gold loan with us and fulfil all your financial requirements with maximum convenience.

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Benefits of Gold Loan over Doorstep Loan.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters Doorstep 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. Do all financial institutions provide doorstep loans in Bengaluru?

Not all financial institutions provide doorstep loan services in Bengaluru. You can search ‘doorstep loan near me’ to find out which financial institutions offer this facility.

  1. Will late repayment of a doorstep loan affect my credit score?

Your credit score will be adversely impacted if you do not make repayments on time.

  1. How long does a lender take to disburse a doorstep loan in Bengaluru?

Usually, the disbursal of a secured or unsecured doorstep loan takes up to 7 days. Nevertheless, the disbursal time may vary depending upon the lender you wish to choose. With Rupeek, you can obtain a loan within 60 minutes.

  1. What is the maximum and minimum loan amount Rupeek sanctions?

The maximum loan amount that one can acquire from us is Rs. 1.5 crore, whereas the minimum loan amount that we sanction is Rs. 15,000.

  1. What are the measures taken by Rupeek to keep my gold safe?

Once the loan amount is disbursed into your account, the gold is transported in a sealed bag equipped with a GPS tracker. After those arrive at the authorised branch, your gold ornaments are stored in a secure locker under bank-grade surveillance. We also provide 100% door-to-door insurance policy against theft or damage.

  1. How can I repay gold loan availed from Rupeek?

Gold loan repayment is now more convenient than ever. Sign in to our payment portal with your registered phone number and make payments without any hassle.

  1. Can I avail Rupeek’s gold loan if I’m unemployed?

Yes, you can avail doorstep loans for unemployed from Rupeek since we do not check your income details or credit score. 

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