Doorstep Loan in Delhi

Doorstep Loan in Delhi

The capital city of India, Delhi is home to three arms of the Government, judiciary, legislative, and executive. This city boasts a rich history of different empires, starting from Mughals to Sultanates. Some of the famous tourist attractions of this city are India Gate, Hauz Khas, Qutab Minar, Lotus Temple, Jantar Mantar, Chandni Chowk, and Jama Masjid, among others. Besides tourists, people from different walks of life come to the city for making a living. 

Resultantly, the Delhi demography is increasing year-on-year, and so are their credit requirements due to inflated living costs. To mitigate personal and professional needs, Delhiites often look for credit that is easy to acquire; for instance, something like a doorstep loan in Delhi. However, before applying, they need to understand in detail this financing option. 

What Are Doorstep Loans?

The concept of a doorstep personal loan is originally from western countries wherein people can borrow the small sum from the comfort of their homes. Over the years, the Indian financial ecosystem has also adopted the concept of doorstep loans, while not in its strictest sense.

In India, almost all kinds of credit can be called doorstep loans when the lender comes to borrower’s home for documentation or other loan processing formalities. It allows borrowers to avoid the hassles of visiting lender’s office and wasting their time standing in a queue. 

Specific financial institutions also provide loan disbursal at an applicant’s doorstep, where a representative processes the same after documentation. It’s popularly for gold loans. Nevertheless, such financing options show some common characteristics that make them different from traditional modes of borrowing. 

Features Of Doorstep Loans

Following are some of the critical highlights of a doorstep loan in Delhi

  • Most services are carried out at the consumers’ homes, starting from loan application to disbursal.
  • Besides banks, NBFCs and fintech companies are also engaged in this customer-oriented service. 
  • Saves a lot of time for the borrowers.
  • Makes a perfect choice for emergency credit requirement.
  • Since most of the loan process occurs at home, it is a safe option wherein people do not have to carry vital documents and/or assets to a lender’s office.
  • Most financial organisations offer quick doorstep loan free of cost. 
  • Dedicated agents or courier services are deployed in this service to ensure a pleasant and hassle-free borrowing experience. 
  • Like other credits, borrowers can access doorstep loans calculator and other online tools. It helps them estimate the cost of borrowing beforehand. 

However, to avail this credit, borrowers need to meet specific eligibility parameters, depending on the loan type. 

Doorstep Loans Eligibility

The requisites for credit depend on its type, and these are different for secured and unsecured loans. Following are some of the standard eligibility that one needs to fulfil regardless of the credit availed. 

  • The borrower needs to be a citizen of India.
  • Applicant must be of age between 18 years and 65 years. 
  • Unique benefits for physically challenged people.

Besides this, for unsecured loans, one needs to have a 750 or above credit score, a steady income source, and min. monthly income in the vicinity of Rs.25,000. For secured loans, like a mortgage loan or car loan, the documentation process is stringent, and they have to submit all documents related to the mortgaged asset. 

However, with secured loans like a gold loan, there are no such eligibility requirements as i0t solely depends on the ornaments one possesses. Online gold loans come with several additional advantages over other variants of doorstep loan.

What Makes A Gold Loan The Best Doorstep Credit?

Some of the perks of a gold loan are listed below: 

  1. The cost of borrowing is low compared to most secured and unsecured loans alike.
  2. It lets individuals utilise their idle asset and not collateralise any high-stake asset like a real estate property. 
  3. Dedicated doorstep loan services are available. All you have to do is search for “doorstep loan providers near me” to get the list of lenders. 
  4. Eligibility criteria and documentation are minimal and straightforward. 

An individual can further optimise their benefits when choosing Rupeek’s loan at doorstep against gold with additional advantages, making it one of the most sought-after borrowing solutions for immediate and otherwise financial requirements. 

Features And Benefits Of Rupeek’s Doorstep Loan In Delhi

Following are some of the top features of a gold loan from Rupeek. 

  • Simple Loan Processing

We streamline loan processingto ensure a smooth borrowing experience for customers. They only have to visit our website or download our mobile app to place a loan request. Within a few minutes, our relationship officer will contact the applicant. 

Within 30 minutes, our loan manager will arrive at the borrower’s home with a loan kit. Subsequently, the loan manager will perform the gold appraisal, followed by document verification and loan disbursal. 

The entire process takes 45 minutes to 1 hour to complete our doorstep services. Thus, availing an instant online gold loan at your doorstep is made easy with Rupeek. 

  • Substantial Loan Amount 

One can obtain up to 80% of pledged gold’s market value as a doorstep loan today against gold. People can avail funds up to Rs. 1.5 crore if they possess gold of sufficient quantity. They can also use a gold loan calculator to estimate the quantity of gold they need to get their desired sum. 

  • Affordable Interest Rate 

Rupeek gold loan interest rate starts from 0.49% per month. With our low-interest rate loans, borrowers can conveniently repay without taking an excessive financial burden. Moreover, people with low credit score can also avail this loan by pledging fine gold. 

  • Customised Repayment Structure 

Another feature of a Rupeek gold loan is that we offer flexible repayment schemes to enhance borrowers’ convenience. They can either choose to pay regular EMIs or pay as or when they can or spend the entire amount at one go via a single bullet payment. Borrowers can choose whichever seems financially viable per their repayment capacity. 

  • Improved Gold Security 

When you service a Rupeek doorstep loan for unemployed, you can be assured of your gold ornaments’ safety. We take several measures to keep the pledged gold safe from any potential threat. 

  • The gold is kept in a GPS-enabled bag while transporting it.
  • It is deposited at the nearest bank’s vault.
  • The gold enjoys complimentary door-to-door insurance for the entire tenure. 

After the tenure ends, the gold is returned with utmost security to your home. 

  • Savings On Balance Transfer 

Borrowers can also refinance their loans with a Rupeek gold loan transfer facility. They can transfer their outstanding loan balance to Rupeek and save substantially on the total interest payable. 

Along with a reduced interest rate, they can also avail other feasible benefits that we offer. For instance, they can opt for a gold-backed credit line to efficiently deal with financial emergencies or any other short-term credit requirements. 

  • Gold Loan Overdraft Facility 

Existing borrowers can also benefit from our unique overdraft facility against gold known as Rupeek Quick. It’s an extended credit line that individuals can obtain by pledging additional gold items. Any amount from that sanctioned limit is accessible and repayable as and when it suits the borrower during the credit cycle. Moreover, they have to pay interest on the funds utilised, which allows them to save substantially on interest payment

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Delhi Locations Where Rupeek Is Available

If you belong from any of the places in Delhi, you can request our doorstep services via Rupeek website or app. 

  • Maidan Garhi
  • Moti Bagh
  • Tilak Marg
  • Chandni Chowk
  • Sansad Marg
  • Justice SB Marg
  • JNU ring road
  • Karol Bagh
  • Nehru place
  • Connaught Place
  • Hauz Khas
  • Anand Vihar
  • Najafgarh
  • Pragati maidan
  • Pusa

Doorstep loans prove to be a suitable borrowing option for people who require immediate funds. Moreover, Rupeek gold-backed doorstep loan in Delhi lets them raise funds within an hour without paying hefty interest or collateralising high-stake assets like home or car.

Give us a call and avail Rupeek gold with convenient doorstep services! Hurry!

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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. Do banks charge extra for doorstep services in India?

It depends on the financial institution offering the service. Usually, lenders do not charge anything extra for doorstep services.

  1. Who offers loans at doorstep in Delhi?

Several financial institutions offer secured and unsecured doorstep loans in Delhi. Rupeek is one such financier that provides doorstep loans in the city.

  1. What is the minimum amount I can get as Rupeek doorstep loan?

Borrowers can get a minimum of Rs. 15,000 and it goes up to Rs. 1.5 crore from Rupeek. 

  1. What are the documents required for Rupeek doorstep loan?

You need to submit KYC documents and any utility bill to get a Rupeek gold loan. 

  1. Can I avail Rupeek’s doorstep loan against a gold plated diamond bangle?

Yes, you can. However, in that case, the loan amount will depend on the gold part of the jewellery. Also, the gold’s purity needs to be between 18 carats and 22 carats. 

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