Doorstep Loan in Ludhiana

Doorstep Loan in Ludhiana

Ludhiana has been a prominent hub for MSME sectors and contributes significantly to the state GDP. It is Punjab’s largest city and is located on the banks of Sutlej River. The small and medium-scale industries of this city produce various products that include automobile parts, appliances, sewing machine, and many more.

The apparel industry of Ludhiana is particularly famous around the country and also exports products abroad. Residing in a smart city like Ludhiana requires sizeable purchasing power, which can often be straining on their savings to manage financial difficulties. Alternatively, one can choose a doorstep loan in Ludhiana to manage such requirements.

Know Ways Doorstep Loan Can Help

A doorstep loan in Ludhiana offers a quick solution to any financial need. Moreover, it reduces the hassle of visiting a branch for this purpose, as representative of the respective financial institution will visit the applicant’s home to complete the formalities.

Like any financing option, short-term loan Ludhiana has two variant, secured and unsecured.

  • Secured Loans: For secured doorstep loans, borrowers need to submit collateral. The secured doorstep loans interest rates are also lower when compared to its unsecured counterparts. Examples of this variant include gold loans, loans against property, home loans, etc.
  • Unsecured Loans: Unlike secured ones, unsecured loans do not require any collateral. Owing to its simple documentation process, the loan disbursal time is less than variants like loans against property. Therefore, borrowers can access the loan amount without any delay. Some common examples of this financial product include personal loans, business loans, and credit card loan.

Step-By-Step Guide To Apply For Ludhiana Doorstep Loans

Here is an idea on how to apply for a doorstep loan in Ludhiana online –

Step 1: Visit the lender’s official website

Step 2: Filling up the loan application form with relevant details

Step 3: Following initial approval, applicants need to submit the required documents

Step 4: After verification of documents, one will receive the sanctioned sum.

Before applying for a loan, borrowers need to arrange necessary documents and evaluate the eligibility criteria to eliminate any rejection chances.

Standard eligibility criteria for a doorstep loan include the –

  • Age: Minimum 18 years
  • Credit Score: 750+, especially for unsecured loans
  • Employment Type: Salaried and self-employed individuals
  • Monthly Income: Based on the requirements of a financial institution

The list of documents required to avail this financing method is –

  • Address proof
  • Income proof
  • Business documents (for self-employed individuals)
  • Bank account statement
  • Ownership papers of the collateralised asset (for loans against property)

Keeping these documents handy will enable individuals to fast-track their instant loan application.

However, to bypass the hassle of this extensive documentation process, and satisfying stringent eligibility criteria, one can opt for a gold loan. This secured variant of a doorstep loan in Ludhiana offers a quick and hassle-free process and access to required funds.

Gold Loans Making Borrowing More Convenient

The notable benefits of this financial product include –

  1. Quick processing, one can receive funds within a couple of hours
  2. No end-use restriction ensures that one can meet any financial need
  3. A short documentation process expedites the loan application process
  4. The lenient eligibility terms make it easier to avail funds
  5. Flexible repayment terms further increase the comfort of customers

These are some of the essential benefits of a gold loan. However, it is vital to find a reliable lender to maximise one’s borrowing experience. In this regard, Rupeek is a name to keep faith in.

Top 5 Benefits Of Opting For A Rupeek Gold Loan

Here are some key highlights of a gold loan from Rupeek that makes borrowing a hassle-free and affordable experience.

  1. High Loan Amount: The loan amount offered by Rupeek can rise up to Rs. 1.5 crore. It depends on the quality and per-gram rate of gold. Borrowers can get an idea of the current per-gram rate by using our gold loan calculator, and find out how much they can obtain on a specific date.
  2. Affordable Interest Rate: To alleviate the repayment burden of a high loan amount, we keep the rates of interest low, and it starts from just 0.49% per month. Resultantly, interest payment with Rupeek is now affordable. 
  3. Different Repayment Plans: To further enhance the convenience of a borrower, we have introduced different repayment schemes. It will help debtors to manage their loan better and eliminate chances of any default. They have the option to select from regular EMI plans or pay according to their suitability.
  4. Robust Safety Measures: We have introduced various security measures to ensure the safety of gold articles. It includes using GPS-fitted bags for carrying the gold items, storing them in high-security vaults, and issuing complementary insurance coverage during the loan tenure. Moreover, we perform a regular security audit to eliminate any loophole.
  5. Easy Balance Transfer Facility: The loan transfer facility offered by us further increases customer convenience, helping them save up to Rs. 12,377 per lakh. Once borrowers share their existing pledge card, our representatives will help them through the remaining process.

Alongside these benefits, customers can also meet their instant financing needs with our gold overdraft loan facility.

Gold Overdraft Facility To Meet Every Expense

This facility enables our existing borrowers to pledge additional gold and gain access to an extended line of credit on top of their doorstep loans in Ludhiana. Borrowers can withdraw money in parts from that credit line anytime. Moreover, with Rupeek Quick, customers are only liable for interest on the used amount.

Along with these, our strong presence in prominent localities of Ludhiana further enables us to offer prompt doorstep services to customers.

Localities Of Ludhiana Where Rupeek Operates

  • Basant Avenue
  • Brown Road
  • Basti Jodhewal
  • Dhandari Kalan
  • Gill Road
  • Ferozpur Road
  • Focal Point
  • Mundian Kalan
  • Model Town
  • Moti Nagar
  • Shimlapuri
  • Sarabha Nagar
  • Shivpuri

A doorstep loan in Ludhiana focuses on amplifying the comfort of a borrower, as they can put an end to the worry of managing time to complete loan-related formalities. Additionally, with a lender like Rupeek, borrowers can fulfil their financial needs instantly with affordable loan terms and quick access to the amount.

Contact Rupeek, and end your search for a ‘doorstep loan provider near me’.

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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. Does the lender levy additional charges for doorstep loan services?

  • Usually, they do not levy any additional charges for providing a doorstep service. It is a part of the amenities that such financial institutions offer to their customers.

  1. Is credit check mandatory for a doorstep loan in Ludhiana?

  • It depends on the discretion of a lender and type of loan. For instance, Rupeek does not focus on this pointer for extending a gold loan. Whereas, other lenders may complete this process before approving any loan application.

  1. How to get a doorstep loan with a bad credit repayment history?

  • If you have a bad credit history and low CIBIL score, you can choose a gold loan from Rupeek. Since Rupeek does not focus on this criterion, you can avail a loan and repay it timely to improve your credit history.

  1. How to get a gold loan from Rupeek?

  • You can initiate a loan application process by registering your mobile number. After that, a company executive will contact you to learn about your requirements, and the loan managers will visit your address for jewellery evaluation and document verifications. Following a success, you will receive your money within an hour.

  1. Is there any foreclosure charges with Rupeek’s gold loans?

  • No, Rupeek does not levy any foreclosure charges on its gold loans.

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