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Doorstep Loan in Lucknow
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Doorstep Loan in Lucknow

The capital city of Uttar Pradesh, Lucknow, is replete with history that attracts tourists and travellers alike, from far and wide. Its rich culture is conspicuous in its rustic heritage and archaic buildings. From the Turkish Gate or Rumi Darwaza to the Charbagh Railway Station, whose design resembles a chessboard from above, are outstanding specimens of Mughlai, Awadhi, and Rajputana schools of architecture. The Bada Imambara is a beautiful construction with the most extensive foyer globally without external support and beams.

Yet, Lucknow is not only about the past. Its industry, infrastructure, and population have grown at a tremendous pace. Apart from Chaudhary Charan Singh International Airport, it has numerous rail and road lines. The primary industries include handicrafts, manufacturing, food processing, and railroad shops. All these factors have pushed up the living cost in the city. This, in turn, has led to steadily high demand for credit among the populace. Doorstep loans in Lucknow can be a suitable financing option in that regard.

What Is A Doorstep Loan?

Doorstep loan can comprise any form of secured or unsecured credit advance that borrowers avail at their convenient location. A loan at doorstep option allows you to access immediate funds from the comfort of your homes.

Doorstep Loan In Lucknow – Features

Following are some of the main features of a doorstep loan –

  • Easy Loan Processing

The process of applying for a doorstep loan is hassle-free. You can contact the loan provider from your home without having to visit the lender. The loan executive of the financial institution will visit you for the documentation process and verification.

  • No Extra Charges

Usually, no additional charges are imposed upon borrowers by financial institutions for offering such doorstep service.

  • No Credit History Check

For doorstep gold loans in Lucknow, there may not be any requirement for credit score. Thus, individuals with a poor CIBIL score can also obtain funds from such a source during emergencies. However, the same does not apply to personal loans.

Nevertheless, to avail the benefits of a doorstep loan, one must meet the lender’s eligibility criteria. These include –

  • Applicant’s age must be above 18 years
  • Must be a resident citizen of India
  • Stable income source
  • CIBIL score above 750 (for doorstep personal loans)

Individuals also need to provide several documents to acquire a doorstep loan. For unsecured loans, one needs to submit KYC documents and income proof. Prospective borrowers are required to offer asset-related documents for a loan against property along with those.

In case this process seems cumbersome, consider availing a gold loan. The eligibility criteria are straightforward, and you only need to provide a handful of documents.

Here is a comparison table to help prospective borrowers in making an informed decision.

Particulars

Gold Loans

Other Doorstep Loans

Loan disbursal time

A couple of hours

Depends on the product, can range from 24 hours to weeks

Loan value

Depends on the current per-gram rate and quality of gold articles

For the unsecured ones, it depends on an applicant’s eligibility.

For secured ones, it relies on the property’s market value and the available LTV ratio

Interest rate

Lower

Higher

Loan tenure

Short and flexible

Depends on the financial product, for some variants it can be lengthy

Documentation

Swift and minimal

Lengthy and need identity proof, income proof, etc.

Read along to check what other benefits a gold loan offers over other doorstep financing options in detail.

Why Should You Choose Doorstep Gold Loan?

Here are some of the significant advantages that make gold loan one of the suitable financing options –

  1. No Requirement Of CIBIL Score

Usually, to avail a personal loan, an applicant needs to have a 750 or above credit score. However, online loan in Lucknow does not require your credit history. Thus, even if one has a low credit score, a gold loan can still be extended if the relevant eligibility criteria are met.

  1. Easy Documentation

Unlike the exhaustive documentation process required to avail online personal loans, an individual does not have to furnish IT returns, bank account statements, or salary slip as income proof. It is the valuation of pledged gold that is relevant.

  1. Doorstep Loan

A majority of the financing options discussed above only involve doorstep documentation and identity verification. However, specific financiers facilitate doorstep disbursal as well for gold loans.

These are merely the standard advantages of a gold loan other forms of financing. To secure additional benefits, like moderate interest rates and highest LTV, you can turn to Rupeek.

Rupeek Doorstep Loan In Lucknow – Benefits

Among the various doorstep loan lenders in Lucknow, Rupeek offers its customers the following advantages –

  • Minimal Documentation And Fast Disbursal

Doorstep loans in Lucknow offered by Rupeek require only essential KYC documents to be submitted. Such minimal documentation makes the application process hassle-free. After KYC verification is done by the loan manager, and the valuation of pledged gold is also determined, the loan amount will be disbursed within 30 mins.

As a matter of policy, our executive will leave your premises with the gold articles only after the loan amount is credited to your account.

  • Low Rate Of Interest

Rupeek gold loan is offered at interest rates starting from 0.79% per month. However, the final interest rate depends on the loan valuation and the repayment scheme you have chosen.

  • No End-use Restriction

There is no restriction on the mode of the utility of the gold loan amount. This financing option can be utilised as per your requirement.

  • Gold Loan Overdraft Facility

Known as Rupeek Quick, our gold loan overdraft facility is available to our existing customers. They have the option of withdrawing only the required amount from a pre-sanctioned credit limit. The payable interest is calculated solely based on the utilised amount and not on the total principal.

Areas Where Rupeek Offers Doorstep Loan In Lucknow

You can avail quick doorstep loan against gold in Lucknow if you stay in any of the following localities -

  • Raibareli Rd
  • Mubarakpur
  • Lucknow Chowk
  • Gomti Nagar
  • Alambagh
  • Charbagh
  • Qaisar Bagh
  • Indira Nagar
  • Mohanlalganj
  • Jankipuram

If you have been searching “doorstep loan provider near me”, Rupeek is here to meet your financing requirements. To avail doorstep loans in Lucknow, contact us today, and our loan executive will reach you in no time. 

Apply for an instant loan without CIBIL with us and avail your required credit today!

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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. What is the doorstep loan amount extended by Rupeek?

The minimum amount for a loan against gold is Rs. 15,000. On the other hand, the maximum loan amount can go up to Rs. 1.5 crore.

  1. Do I need to provide my credit score for Rupeek gold loan?

For such doorstep loans in Lucknow, the credit score of the applicant is not relevant. One has to meet the age and asset type criteria, and the sanctioned loan amount will be according to the pledged gold’s value.

  1. What gold items to pledge for a gold loan at the doorstep?

Presently, Rupeek only accepts gold jewellery to extend the loan. One cannot pledge gold coins or bars for that purpose.

  1. Can I repay a Rupeek gold loan online?

Yes, a borrower can make such repayment from our online portal. One has to log in to the account, and an OTP will be sent to the registered mobile number. After authentication, the borrower has to choose a suitable option and pay for the doorstep loan in Lucknow.

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