Doorstep Loan in Chennai

Doorstep Loan in Chennai

Nicknamed as the ‘Detroit of India’, the capital city of Tamil Nadu is well known for its automobile industry. Brands like Royal Enfield, Ashok Leyland, Nissan, Ford, etc. have manufacturing units in and around the city. The IT sector of Chennai also contributes significantly to the economic growth of this city.

Living in India’s 4th most populated urban agglomeration requires individuals to resort to additional financial assistance to manage various obligations from time to time. It can also be difficult for borrowers to manage necessary time from their busy schedule to complete the formalities of a credit application. Hence, the popularity of convenient financing methods like doorstep loan in Chennai has soared in recent times.

Doorstep Loans – A Convenient Financing Solution

As a short-term financing solution, doorstep loan in Chennai allows borrowers to meet an array of expenses, from the comfort of their home. Also known as home loans, or home credit, it aims to offer a more convenient solution to individuals where they need not to visit the offices of a lender to get a loan application approved.

Following successful initial verification, the remaining process is done at the doorstep of the respective applicant. The customer benefits of a quick doorstep loan alter with the type one opts for.

Types Of Doorstep Loan In Chennai

There are two sub-types of a loan at doorstep, and they are –

  • Unsecured doorstep loans

Notable examples of this sub-type include personal loans, credit card loans, etc. Some notable features of these financial products are the following –

  • Collateral-free
  • Quick processing and disbursal
  • Minimal documentation

Irrespective of its borrower-friendly features, the limitations of these financial products include high interest rate, limited loan amount, etc. often creates an issue for many. Alternatively, one can opt for a secured doorstep loan in Chennai for better benefits.

  • Secured doorstep loans

Available against collateral, the examples of this sub-type include home loans, loan against property, gold loans, etc. The highlights of this segment include –

  • Low-interest rate
  • High loan value
  • Lenient eligibility terms

The benefits of secured loans account for a better borrowing experience. However, the lengthy documentation and approval process of some variants such as loan against property, or home loans often makes it difficult to manage any sudden requirements.

In this regard, a doorstep loan against gold can be a great solution for borrowers. The benefits of this financial product can help individuals to meet their financial requirements without any delay.

Features Of A Gold Loan

Here are some highlights of a gold-backed doorstep loan in Chennai –

  1. Unlike other secured financing methods, a gold loan gets approved within a few hours, making it a perfect financial product to manage financial emergencies.
  2. These financial products are a low interest rate loans that enable borrowers to repay their debt easily.
  3. It does not require any credit check; thus, individuals with low CIBIL score can also take the assistance of it.
  4. Since it does not come with any end-use restriction; individuals can meet an array of monetary requirements with this financial product.

These aforementioned benefits make it accessible doorstep loans for unemployed, and others. However, it is vital to opt for a trustworthy lender for a pleasant borrowing experience, and Rupeek is a trusted name to consider in this case.

Choose Rupeek For A Quick Financing Solution

Being one of the leading online gold loan providers, Rupeek offers a host of features that focuses on improving the borrowing experience. Some of the prominent ones are as follows –

  1. Quick loan disbursal

With Rupeek, one can receive a gold loan within an hour, depending on their location. Following a successful loan application, our loan manager will visit your address within 30 minutes and complete the document verification and jewellery evaluation to a prompt gold loan delivery.

  1. Affordable interest rate

The rate of interest on gold loans charged by Rupeek starts from as low as 0.49% per month. It helps with the interest repayment and keeps the EMIs low and affordable for every borrower.

  1. High loan value

With Rupeek gold loan, one can avail up to Rs. 1.5 crore against their gold jewellery. It depends on the current per-gram rate, and one can check this rate and calculate the total loan amount with assistance from the gold loan calculator available on our website.

  1. Repayment flexibility

The convenience of selecting Rupeek as a gold loan provider increases further owing to the repayment flexibility we offer. Our customers have the liberty to choose from repayment options like regular EMI plans or pay as per their convenience. The latter will enable them to make payments as per their will, including a one-time bullet payment scheme.

  1. Robust security for gold articles

Additionally, we enforce world-class security measures to ensure the safety of gold articles. Our representatives use GPS-enabled bags to carry them, and we store them in military-grade vaults.

Also, we offer complimentary insurance policy for the gold articles during the loan tenure, which safeguards a customer’s financial interests.

  1. Hassle-free loan balance transfer

With our loan transfer policy, customers can opt for our services without any hassle. Once they share their existing pledge card, our representatives will guide them through the process. Moreover, with this process, individuals can share up to Rs. 12,377 per lakh on loan repayments.

  1. Gold overdraft facility

Current Rupeek customers can also avail the benefits of an overdraft facility by pledging additional gold items. Known as Rupeek Quick, it allows individuals to get required funds in their registered accounts, or in-app wallet. Afterwards, they have the freedom to withdraw them as per their will.

Moreover, they are only responsible to pay interest on the amount they use, and not the entire credit limit. With Rupeek Quick, individuals can meet an array of financial needs, without any delay.

The benefits of Rupeek further extend with an instant online gold loan at doorstep. It is possible due to our strong presence in the top localities of Chennai.

Localities Of Chennai Where Rupeek Extend Its Services –

Here is a list of places in Chennai, where one can access Rupeek’s services –

  • Anna Nagar
  • Maduravoyal
  • Mylapore
  • Kodambakkam
  • Nungabakkam
  • Koyambedu
  • Triplicane
  • Tiruvanmiyur
  • Velacheri
  • Vadapalani
  • Valasaravakkam
  • Porur
  • Tiruvottiyur
  • Perambur

Doorstep loan in Chennai allows individuals to manage their financial crisis without leaving their home. It saves time, and customer-friendly features of such products simultaneously enhance the borrowing experience. Moreover, with gold-backed advances from Rupeek, borrowers can now meet their expenses without any delay.

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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% 0.49%
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. Which financial institutions offer doorstep loan in Chennai?

Almost every financial institutions, be it an NBFC or the traditional ones they extend a doorstep loan facility in and around Chennai. Borrowers can avail one without much delay.

  1. Are doorstep loans a legal way to secure funding?

Yes, doorstep loans are a legitimate financial product, and one can easily avail it to meet any financial requirement that he/she has.

  1. Can I apply for Doorstep loan without a credit check?

No, doorstep loan no credit check is not possible. Lenders will ask for a healthy CIBIL score to approve a loan application.

  1. How to get an instant loan without CIBIL?

To get access to instant funds without any credit check, one can opt for Rupeek gold loan. Being a secured loan, the company does not ask for any credit check to lend funds.

  1. How to make online payments for my gold loan from Rupeek?

You can visit the dedicated online payment portal, and login with an OTP sent to your registered mobile number. After that, you can select the favourable payment option and make the necessary payments.

  1. Are there any foreclosure charges on online gold loans from Rupeek?

No, there are no foreclosure charges on gold loans extended by Rupeek.

  1. How to apply for a gold loan from Rupeek?

You can quickly apply for a gold loan from Rupeek online via the official website of the company. Once you initiate a loan request by submitting your mobile number, a company representative will get back to you for further processing. Following successful initial verification, the company will extend a doorstep gold loan service to its customers.

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