close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Doorstep Loan in Ghaziabad
doorstep-loan-in-Ghaziabad

Doorstep Loan in Ghaziabad

Recognised as a central education hub, Ghaziabad houses notable institutions like Institute of Management Technology, Santosh Medical College, and Jaipuria Institute of Management, attracting a significant number of students and scholars from across the country. The city’s extensive railway and road networks facilitate trade activities and provides a direct portal to New Delhi, earning it the title “Gateway of Uttar Pradesh”. The state’s 3rd largest city also gets its economic push from prominent steel-manufacturing and electronics industries, providing ample employment opportunities. The demand for external funding amidst rising costs of an ever-developing town has never fallen short. However, with increasingly busy timetables occupying most residents, a doorstep loan in Ghaziabad seems preferable over other financing options.

Things To Know About Doorstep Loan In Ghaziabad

A short-term funding option, doorstep loan, comes as a saviour for individuals finding it difficult to visit a lending institution to address their requirements. Here, the lender visits you instead to help you with the application. Specific private finance company personal loan providers in India offer doorstep services for most existing credit types such as,

  • Secured Loans

This includes gold loan, loan against property, and car loans. An asset makes lenders sanction a more significant amount against comparatively relaxed eligibility criteria and lower interest rates. However, for LAP and car loans, borrowers will need to submit all property-related documents to prove their ownership. A gold loan can be an excellent solution for individuals seeking urgent cash loan in Ghaziabad without the hassle of extensive documentation.

  • Collateral-free Loans

The most common types under this category are doorstep personal loans and credit card loans. These are short-term unsecured loans that individuals can avail without collateral. However, the lack of security makes private money lenders charge high interest and set strict qualifying parameters.

Financial institutions came up with doorstep service as a way to stand out from the crowd of a ton of “private money lenders near me” searches. If you wish to experience the advantages of similar services with your required credit type, apply with your choice of the lender at the earliest.

Nevertheless, before applying for a doorstep loan in Ghaziabad, borrowers must be aware of such services’ terms and conditions, including eligibility and documentation details.

Check Eligibility And Mandatory Documents Required For Doorstep Finance

Financial institutions providing doorstep service across India might have specific requirements for individual loan types. However, certain standard parameters checked before approval are the applicant’s citizenship, age, employment status, credit score, and FOIR.

Additionally, individuals must keep the following documents handy to facilitate a seamless application process.

Recent passport-sized photographs ID proof Address proof Salary slips for job-holders and audited profit and loss statements for self-employed applicants Employee ID card or certificate of business registration Bank account details and ITR documents. Note that you might need to submit additional documents for various companies in Ghaziabad’s private money lender list for different loan types.

Cons Of Acquiring Conventional Loans At Doorstep

Although doorstep services offer convenience by saving time and effort to travel down to a lending institution, it can be disadvantageous in specific cases.

  • Skyrocketing Interest Rates: The most troubling drawback of unsecured doorstep loans is the high borrowing cost. Since it is offered loans without collateral, banks and NBFCs levy high interest rates, which, coupled with additional loan charges, result in an unaffordable means of credit for many.
  • Credit Checks: This is a mandatory requirement for unsecured loans and is also often considered for secured means of credit. Failure to meet the CIBIL score requirements can lead to disapproval of loan request.

Wishing there was an easier financing option for a doorstep loan in Ghaziabad? Gold loan is your answer.

Gold Loan – More Feasible Doorstep Finance

The following table draws a quick comparison between gold-backed funds and other loans with doorstep service.

Pointers

Gold loan

Other Doorstep Loans

Loan amount

Remarkably high

Very low

CIBIL Score

Not required

Should be 750 and above

Interest rates

Affordable

High, especially for unsecured funds

Application to disbursal time

Instant, 1-2 hours

Takes longer, up to 2-4 working days

Document requirement

Minimal

Elaborate, especially for mortgage loans

Usability

No restrictions

Limited for certain secured loans

Eligibility

Easy

Strict

If the above table has got you searching ‘gold-backed doorstep private financer near me’, stop right here!

Rupeek provides the best offers on gold-backed funding at your doorstep. Besides providing a favourable funding option for the unemployed, we offer the highest value for collaterals, with up to 80% LTV. Join our trusted customer base today to enjoy the best deals on a doorstep loan in Ghaziabad.

Get The Best Gold Loan Offers From Rupeek

Following are some leading advantages of opting for doorstep gold funds from Rupeek.

  • Pre-payment Facility

Rupeek allows borrowers to make partial loan repayments via the ‘Repay your Loan” page. You can also opt for foreclosure of a loan without incurring any unnecessary additional fees.

  • Affordable Funds

Starting from 0.79% per month, our lowest interest rates facilitate affordable funds, especially for individuals facing irregular cash flow.

  • Balance Transfer

Individuals can opt for our loan transfer facility to shift their outstanding principal from an existing loan to Rupeek. All you need to do is submit your loan pledge card and necessary documents after clearing all due interest payments with the current lender. After that, save on interest payments up to Rs. 12,377 per lakh.

  • Flexibility In Repayment

Rupeek offers an extensive range of loan schemes with convenient repayment options, which allow users to either pay in EMIs or pay any amount anytime within the tenure.

  • Gold Credit Line Facility

Once you become a Rupeek customer, you get eligible for a credit limit sanctioned under Rupeek Quick, from which you can withdraw funds as per your convenience. Borrowers only need to pledge a few more gold items to avail this documentation-free facility. Interest is calculated at every month-end upon the utilised amount for the number of days between its withdrawal and deposit.

To enjoy the offers mentioned above, apply on our website for a prompt gold-backed doorstep loan in Ghaziabad.

Rupeek’s Operational Areas In Ghaziabad

We extend our beneficial gold loan offers to the following localities in Ghaziabad.

  • Mohan Nagar
  • Vasundhra
  • Loni
  • Vaishali
  • Raj Nagar Extension
  • Meerut Road
  • Kavi Nagar
  • Shastri Nagar
  • Indirapuram
  • Kaushambi
  • Crossings Republik
  • Sahibabad
  • Govindpuram
  • Tronica City

Put a halt to your efforts to find private lenders now and get doorstep funds against gold from Rupeek. Download the app and never miss out on our latest gold loan offers and benefits again.

Rupeek ad
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 -
Rupeek ad

Frequently asked questions

  1. How do I judge the credibility of my doorstep loan lender?

To know if a doorstep loan provider is legitimate, look out for signs like professionalism in conduct and approach, verified reviews of the institution, registered company domain, Financial Conduct Authority (FCA) registration, and a valid contact number.

  1. What doorstep services do banks provide in India?

Doorstep services can vary across financial institutions in India. These include account opening, loan application, cash/cheque/demand draft pick-up and drop, and loan disbursal.

  1. What will happen if I miss a doorstep loan repayment?

If you delay or default on the repayment of a doorstep loan in Ghaziabad, it can have a negative impact on your credit score.

  1. What is the maximum doorstep loan amount I can borrow from Rupeek?

Rupeek allows individuals to borrow funds up to Rs. 1.5 crore, depending on the present gold market value and the quantity of pledged gold. You can get an estimate of borrowable funds against your jewellery items using our online gold loan calculator.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly