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Doorstep Loan in Chandigarh
doorstep-loan-in-Chandigarh

Doorstep Loan in Chandigarh

Also known as the “City of Beauty”, Chandigarh is renowned for its architecture, comprising Rock Garden of Chandigarh, Palace of Assembly, Sector 42 Stadium, and Gandhi Bhawan. One of the “Wealthiest towns” of India, the capital of Punjab and Haryana, derives most of its GDP from trade industries. While the city sees significant employment in government services, Chandigarh’s talented young population has also attracted large-scale IT companies and MNCs like Amadeus IT Group, Quark, IBM, and TechMahindra over the years. However, with the rise in per capita income due to such avid employment opportunities, an individual’s propensity to consume also increases. To keep up with the same, residents resort to external funding, most preferably doorstep loan in Chandigarh.

What Does A Doorstep Loan Mean?

A convenient means of funding, doorstep loans are exactly what the name says. Instead of applicants having to visit a bank or NBFC for credit, the lender comes to an individual’s residence to complete the procedure. It comes with the following characteristics:

  • Short-term Funds: These are generally small-ticket funds provided for a relatively short duration, compared to term loans. This facilitates smaller EMIs and easy repayments, aiding in better financial management.
  • Prompt Disbursal: The processing time of such funds ranges from 2 to 4 working days, which makes quick doorstep loan ideal for emergency funding.
  • Saves Time And Effort: Applicants do not need to compromise their work schedule to avail such credit and are saved the hassle of travelling to bank branches with crucial documents.
  • High Interest Rates: Unsecured variants like a doorstep personal loan come with high rates of interest. Thus, be careful not to overburden yourself with funds you actually do not need.

Even though a doorstep loan offers several benefits, there are certain things that you must look out for before you apply.

What Should You Check When Getting A Doorstep Loan?

While it is wise to prioritise interest rates and loan amount when choosing from a list of doorstep loan lenders in Chandigarh, there are other things to look out for before deciding.

  • Credibility Of Lender: Given the concerning number of online loan frauds on the rise, individuals must always confirm if a loan company is legitimate. You can do this by checking if the lender is authorised by the Financial Conduct Authority (FCA). You can also gauge an institution’s credibility by observing if it has a registered company domain, displays valid contact details, and has verified reviews on the internet.
  • Additional Charges: Some lending institutions do not disclose every minute detail of loan charges involved. Borrowers must always ask their lender about any hidden/additional charges like documentation fees, pre-payment fees, etc., before getting an online loan in Chandigarh.
  • Loan Repayment Schemes: Borrowers must be aware of all repayment options available to choose the one best suiting their present financial standing. Otherwise, they may end up straining their finances unnecessarily.
  • Detailed Doorstep Services: You must note that not all financial institutions offer every formality involved in acquiring a loan at doorstep. Some providers offer doorstep services only for a single activity, like loan application, pick-up and drop of DD/cheque/cash, repayment collection, or account opening. Therefore, always have a detailed knowledge of the services you are getting to avoid misjudgement.

Additionally, individuals must check the eligibility and documents required before choosing a lender offering optimum benefits.

Who Can Get Doorstep Services In Chandigarh?

Loan providers across India make sure applicants satisfy the following eligibility benchmarks to qualify for a doorstep loan in Chandigarh.

  • Applicants must be working individuals, either owning a business or having a proper job.
  • Their net earnings must be adequate to match the lending institution’s criteria.
  • Individuals must be aged 18 years and above to qualify.
  • A CIBIL score of 750 and above is recommended.
  • Applying individuals must be citizens and residents of India.

Besides meeting these eligibility parameters, individuals also need to submit certain mandatory documents for verification. These include KYC documents, proof of residence, income proof, bank details, and ITR documents. Applicants may also need to provide additional documents, depending on their loan type and lender-specific criteria.

Such hard-and-fast requirements might intimidate many loan-seekers with unsteady cash flow or inadequate documents from approaching lenders for instant personal loans. Additionally, the previously mentioned high rates of interest also make it an unfavourable borrowing option for many.

Why deal with such a hectic procedure when you can get an instant loan without CIBIL?

Yes, a loan against gold can be your ideal bet under these circumstances. In addition to all advantages of doorstep loans, gold-backed funds come with way simpler eligibility at affordable interest rates.

Rupeek further saves you the hassle of comparing several lenders with the best gold loan offers among all your “doorstep loan provider near me” searches. Besides providing instant online gold loan at doorstep within 1-2 hours, we offer various other benefits.

How Is Rupeek Gold Loan A Better Doorstep Financing Option?

Following are some of the striking advantages that make a Rupeek gold loan stand out from other financing options.

  • Simple Online Application

Individuals can get access to online gold loans with our easy loan application procedure. All they need to do is visit our website or app and place a loan request with the name, residence, and all fund requirement details. Subsequently, they can complete all formalities with our loan representative from their home.

  • No CIBIL Score Requirement

Our simple eligibility criteria neither involve credit checks of any sort nor demand any income details. This makes it a viable means of doorstep loans for unemployed, whereby individuals can avail funds depending on the value of collaterals.

  • Lowest Interest Rates

Applicants can choose from multiple doorstep loan interest schemes, starting from 0.79% per month. They can also avail additional discounts by making early repayments.

  • Convenient Usability

Unlike most other secured doorstep loans in Chandigarh, gold-backed funds from Rupeek do not come with any end-use restriction. Individuals have the freedom to utilise acquired loan amount for any personal or commercial requirement.

Besides, you are also eligible for a credit line against gold if you have already selected our financial product.

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What Is A Gold Overdraft Credit Line Facility?

Rupeek extends an exclusive overdraft loan facility to existing customers against additional gold items under Rupeek Quick. This facility gives borrowers access to an exclusive credit limit from which they can withdraw funds as per their convenience. It does not involve any additional documentation and is an excellent solution for instant, short-term fund requirements.

Avail our prompt 30-minute loan disbursal services along with these benefits by applying for a gold-backed doorstep loan in Chandigarh.

Where To Get Rupeek Gold Loan In Chandigarh?

Find your nearest location from the following list of our operational areas in Chandigarh.

  • Manimajra
  • Ram Darbar
  • Sector 21 Chandigarh
  • Sector 9 Chandigarh
  • Sector 26 Chandigarh
  • Sector 1 Chandigarh
  • Sector 22 Chandigarh
  • Sector 15 Chandigarh
  • Sector 20 Chandigarh
  • Sector 35 Chandigarh
  • Sector 19 Chandigarh
  • Sector 40 Chandigarh

So, what are you waiting for? Visit our website to apply for a doorstep loan today! You can also download the Rupeek app for the latest on doorstep gold loans.

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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. Which loans can I obtain at my doorstep?

Banks and NBFCs offer doorstep services for almost all types of traditional funding options. However, the most common loan types are unsecured funds like personal loans and credit card loans and secured variants like gold loans. Additionally, individuals can also avail such services against mortgage loans, car loans, etc

  1. Can I repledge my gold items to continue an existing loan?

Yes, in order to extend a loan by repledging gold jewellery, kindly contact our customer service desk for prompt assistance.

  1. What gold loan repayment options does Rupeek provide?

Borrowers can repay a Rupeek gold loan either in loan EMI or any amount at any time during the tenure. They can also make a one-time repayment of the entire sum at the tenure’s end under the latter scheme.

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  1. Can I get doorstep loans against all gold items?

No, our lending partners only accept items of gold jewellery as of now. Any other gold items like coins and bars cannot be collateralised.

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