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Doorstep Loan in Jaipur
doorstep-loan-in-Jaipur

Doorstep Loan in Jaipur

Synonymous with the “Pink city”, Jaipur houses notable sites like the Hawa Mahal, Birla Mandir, and Jantar Mantar, fuelling its tourism industry. Besides being a manufacturing centre for textile and jewellery, Rajasthan’s capital city is a significant trade centre with renowned bodies like the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce & Industry (FICCI). The city also makes up for sizeable employment opportunities with a robust IT and communication sector. Sustaining the desired lifestyle amidst such a highly populated urban agglomeration often impels individuals to opt for external credit. And hectic schedules lend high popularity to doorstep loan in Jaipur.

Why Is Doorstep Loan A Popular Funding Option?

Doorstep loans or home credit are regular funding options with the added benefit of doorstep service. Financial institutions in India offer such services against almost any type of credit. Some of its features that make doorstep loans a sought-after borrowing option are as follows:

  • Convenience: The lender’s representative brings loan services to your home, making the whole process simple and hassle-free.
  • Prompt Approval: Funds are generally approved and transferred within 2 – 4 working days.
  • Customised Products: Such loan agents specialise in curating funds as per your needs and repayment capacity, which prevents straining your financial reservoir.

If you are thinking to avail these benefits of a doorstep loan today, here is your step-by-step application guide.

How To Apply For A Doorstep Loan In Jaipur?

The idea of doorstep finance is not as hard-and-fast in India as in other countries, making them a more informal type of credit. Individuals willing to avail this service against any secured or unsecured funds can proceed with the following steps.

Step 1: Get in touch with your concerned lender on their website when applying for an online loan in Jaipur.

Step 2: Place a doorstep loan request with them, providing your fund requirements and other necessary details.

Step 3: A representative will revert to your request with details of their services and documentation.

Step 4: Upon successful application, an agent will visit your residence to conduct verification and customise a loan amount according to your requirement and affordability.

Note that, availability of the services mentioned above may differ across doorstep money lenders. Therefore, always establish a clear understanding of which exact facilities a financial institution is willing to offer.

Another important thing that you must check with before proceeding with the application process is your eligibility for a doorstep loan in Jaipur.

Are You Eligible For Doorstep Credit?

The standard doorstep finance eligibility requires applicants to meet the following parameters.

  • Employment Type: Should own a business or be employed with a registered institution.
  • Age: Must be above 18 years.
  • Credit score: Must not be below 750.
  • Net income: Should comply with the lending party’s criteria.
  • Residence: Must be an Indian resident.

Although the documentation might vary across lending institutions for different credit types, here are some of the commonly required mandatory documents to qualify for a quick doorstep loan.

  • Recent passport-sized photos
  • Identity proof, including KYC documents
  • Address proof, including any utility bill and lease agreement
  • Proof of employment, which can be an employee ID card for salaried applicants
  • Income proof such as salary slips or bank account statements
  • Other financial documents like Income Tax Returns filed for the past 1 year

Availing doorstep services against secured funds like loan against property, car loan, and a home loan can add to more extensive documentation, comprising asset ownership proof.

Find such stringent requirements burdening? There can also be other drawbacks hindering doorstep personal loan approval.

What Are The Disadvantages Of Doorstep Loans?

Besides strict eligibility parameters and extensive documentation, applicants might have to encounter the following inconveniences when availing a doorstep loan in Jaipur.

  • Substantial interest rates: In case of collateral-free doorstep finance, lenders generally charge high interest rates due to a lack of security. With additional charges like processing and documentation fees, it can total to an unnecessarily high borrowing cost.
  • Small Funds: Financial institutions generally do not offer a sizeable loan at doorstep to ensure optimum repayment probability. The small loan amount offered against such rigid requirements might not suffice for lump-sum expenditures.
  • Disparity In Services: As already mentioned, the specific doorstep services against credit differs across lenders. While some might provide the whole borrowing procedure at the doorstep, others have singled out different offers for account opening, collecting documents, etc.
  • Credit History: While it may not be a compulsory requirement, several doorstep loan lenders in Jaipur prioritise credit score, and might even disqualify applicants with points below 750.

If you are facing any of the above hurdles when applying with your searched ‘doorstep loan provider near me’, know that your options do not end there.

To avail doorstep funds with minimal requirements, you can always opt for a loan against gold instead. It is a secured borrowing option which neither entails the strict eligibility of collateral-free funds nor involves detailed documentation like other secured loans. And the cherry on top is you can avail doorstep service against them from Rupeek Fintech. Read on to find more reasons to trust our product and service without a second thought.

How Is Rupeek Gold Loan A More Viable Doorstep Finance?

Besides making easy doorstep gold loan available to willing individuals across the country, we benefit our customer with the following offers:

  • Extensive Gold-security

Leave all worries concerning the safety of pledged jewellery with our ISO 9011:2015 certified security measures, conducted at two phases.

  • First, along with our security partner Brinks, we ensure the safe transportation of collaterals via GPS-secured bags.
  • Next, we store the gold items in secured vaults of a partner bank nearest to your residence, where they undergo 24x7 surveillance.

Additionally, Rupeek provides full insurance coverage against any damage to pledged items of jewellery.

  • Low Rates Of Interest

Unlike other funds like instant personal loans, our gold-backed finance comes with the lowest interest schemes, starting from 0.79% per month. Borrowers can enjoy further rebates on interest component by making early repayments.

  • Referral Bonus

Besides the low-interest rate loans, borrowers can also enjoy a one-month interest waiver of up to Rs. 2000, on every successful referral. To activate this offer, visit the ‘Refer and Earn’ page on the Rupeek app and share your received referral code with acquaintances. After any of them uses this code to avail a minimum amount of Rs. 50,000, both you and they will qualify for the bonus.

  • High Loan Value

Contrary to any other secured doorstep loan in Jaipur, our gold-backed funds offer funds up to Rs. 1.5 crore, depending on the pledged gold and its current market value. You can use our online gold loan calculator to get an estimate of available balance against your gold jewellery.

  • Gold Loan Overdraft Facility

Rupeek Quick is an exclusive gold credit line facility available to existing customers, against extra pledged gold items. Borrowers avail an instant loan without CIBIL from the sanctioned limit through an in-app wallet, any time anywhere. An added benefit is that you only accrue interest based on the amount used and for the period it has been unpaid. This also encourages borrowers to timely deposit the withdrawn funds to maximise interest savings.

  • Instant Disbursal

In addition to all the previous advantages, Rupeek also ensures prompt loan approval and transfer within a few hours, making it suitable as an emergency loan.

Individuals can also avail doorstep service within as early as 30 minutes when applying from select localities in Jaipur.

Where In Jaipur Can You Avail An Instant Doorstep Gold Loan?

Following is a list of the areas in Jaipur where you can avail a quick doorstep loan.

  • Shobha Nagar
  • Vaishali Nagar
  • Talvandi
  • Ashok Nagar
  • Mansarovar
  • Amer
  • Vidhyadhar Nagar
  • Malviya Nagar
  • Bani Park
  • Durgapura
  • Jagatpura
  • Jhotwara
  • Shastri Nagar
  • Bhankrota
  • Gandhi Nagar

Never worry about missing a day at work to revisit the lender. Download the Rupeek app go to our website to apply for a gold-backed doorstep loan in Jaipur at the earliest.

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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. Can I avail a doorstep personal loan without a credit check?

No, banks and NBFCs are extra cautious with an applicant’s credit profile when sanctioning unsecured funds like personal loans. Getting doorstep services against the same does not cancel out this requirement.

  1. What doorstep services do banks provide in India?

Financial institutions in India offer various doorstep services like opening a new account, conducting verification, completing a loan application, and collecting repayments.

  1. Is doorstep loan a completely different financial product?

Doorstep loan, as an independent financial product, is not available in India as of yet. However, several lenders provide similar at-home services with any existing financial product.

  1. Can I transfer an existing gold loan to Rupeek for doorstep services?

You can also utilise our loan transfer facility by submitting your existing loan pledge card and other required documents. Note that this must be done after clearing all interest dues with your current lender.

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