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Doorstep Loan in Surat
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Doorstep Loan in Surat

Famous for its textile and diamond industries, Surat is one of the most significant cities in Gujarat. The economic and commercial centre of South Gujarat also acts as a shopping centre for accessories and apparel. The city has several popular tourist spots like BAPS Temple Surat, Gopi Talav, and Science Centre. It is also home to two major stadiums named Lalbhai Contractor Cricket Stadium and Pandit Dindayal Upadhyay Indoor Stadium.

Over the years, its IT sector has also developed considerably and currently hosts Tata Consultancy Services, Wipro, and Microsoft's CityNext initiative. The sophisticated corporate and business-centric life has left Surat's residents with no personal time. This makes it difficult for individuals to spare time for essential errands. To cater to such busy fund-seekers, financial institutions are now offering a doorstep loan in Surat.

A Brief About Doorstep Loans

Any secured or unsecured credit product that is processed at the borrower’s preferred location is a loan at doorstep. Lenders offer these to provide customers with enhanced convenience and the advantage of availing a loan from the comfort of their home. Almost every form of financial institution offers this loan in different forms.

Some of the beneficial features of these loans are:

  • A personalised experience, as the processing is done where you feel comfortable
  • A seamless and hassle-free approval process
  • There are no hidden or additional charges with these credit products

Though these are available in various types, what remains standard mostly is its high rate of interest. This rate gets even higher if you choose an unsecured loan instead of a secured one like a gold loan. Besides being secured, this loan can prove significantly beneficial for a borrower who needs funds urgently.

Benefits Of A Secured Loan

When compared side by side, a secured doorstep loan in Surat can surpass in terms of benefits. Below is a comparison between the two, showing the contrasting advantages of a secured loan.

Parameters

Unsecured

Secured

Documentation

Documents like salary proof, ITR return, bank statement are required.

Only KYC documents are enough along with documents related to the pledged asset. For gold loans, only KYC documents are necessary.

Rate of interest

Higher compared to secured loans due to the associated risk.

Secured doorstep loan interest rates are comparatively low.

Eligibility

Strict eligibility criteria such as a stable monthly income and CIBIL score above 750.

The presence of collateral makes eligibility requirements more lenient. 

Though secured loans are beneficial, asset-related documents’ requirement can lengthen the approval process than its unsecured counterparts. Thus, it is essential that you look for a less complicated secured credit product when searching ‘doorstep loan near me’. One great secured option is a gold-backed loan, which is both secured and straightforward.

Gold Loan – Why A Great Option

Unlike other assets, gold articles are more liquid. Thus, lenders prefer to provide online gold loans more readily. Moreover, you do not have to produce a bunch of documents to support your pledged asset that further makes it a better alternative. The lack of extensive documentation streamlines its process, making its approval considerably faster.

Lenders also charge a lower rate of interest due to its secured nature. If you want to further leverage benefits from a gold-backed doorstep loan in Surat, apply for one from Rupeek. Along with all these advantages, the company also provides other services and features that significantly aid a borrower.

Advantages Of A Gold Loan From Rupeek

While gold loan application and approval takes hardly any time, what remains cumbersome is the long-term commitment. Thus, we have significantly shortened the repayment tenure, but long enough to repay with ease. Apart from that, we also provide other advantages that make our doorstep gold loan seem like a cakewalk.

  1. Overdraft Facility

If you do want to withdraw your loan amount in parts when you need it and incur interest per that, you can do that via our overdraft facility, Rupeek Quick. You get an extended line of credit by pledging additional gold items and can withdraw from that sanctioned sum anytime.

  1. High LTV Percentage

With our gold-backed doorstep loan in Surat, you can enjoy a loan-to-value ratio or LTV as high as 80%. This way, you can get the most out of your pledged gold ornaments and avail a substantial amount. If you want to get an idea of how we will calculate the LTV for your loan, check our gold loan calculator.

  1. Multiple Repayment Schemes

The usual EMI method might not be a convenient repayment option for everyone. If you wish to pay in other ways, you can do that by opting for our other flexible repayment schemes. There we offer methods like interest pre-payment, single bullet payment, etc.

  1. Vast Loan Amount Range

You can enjoy our instant doorstep loan service and apply for a loan as high as Rs. 1.5 crore to finance your expenses. On the other hand, if your requirement is only a nominal amount, we offer a loan of as low as Rs. 15,000 as well.

  1. No End-Use Restrictions

You have the full liberty of using the loan amount per your discretion. You can use the entire sum for a single expense or divide it into several small expenditures. There are numerous reasons why one can avail an emergency loan, and we cater to each of them.

To reach as many in need as we can, we have our representatives and partnered banks almost in every corner of the city.

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Our Operations In Surat

The areas where we provide our gold-backed doorstep loan in Surat are listed below.

  • Olpad
  • Dumas Road
  • Pal
  • MotaVarachha
  • Amroli
  • Umarwada
  • Hajira
  • New Textile Market
  • Katargam
  • Dumas
  • Adajan
  • Udhana - Magdalla Road
  • Sachin
  • Piplod

If you live in any of these areas, do not compromise on a credit product that will cost you a lot as interest. Instead, apply for our doorstep loan in Surat against gold, which is not simple to use but lenient on eligibility. Understand how we work by downloading our app or by visiting our website dedicated to Surat.

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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. Does Rupeek provide loan transfer facilities?

Yes, individuals with existing gold loan obligations can avail our benefits by opting for our 'loan transfer' services. Contact our customer service, and they will guide you through the entire process.

  1. How much time does Rupeek gold loan take to approve?

The entire application and approval process takes about 60 minutes on an average. Thus, our loan is also referred to as instant online gold loan as well.

  1. How much is CIBIL score needed for a Rupeek gold loan?

Our gold-backed loan does not require any CIBIL score for approval. The eligibility criteria are pretty straightforward and only ask for you to be at least 18 years old.

  1. Are gold coins accepted as pledged items by Rupeek?

No, at present, we only accept gold jewellery as pledged products. Other articles made of gold will not be considered pledged items for our gold-backed doorstep loan in Surat.

  1. Can someone unemployed apply for a Rupeek loan?

Yes, our credit facility is for anyone who needs funds, and we do not bar individuals from availing it based on their employment status. Salaried employees, self-employed, and unemployed, everyone can face emergencies, and we are always there to help them with our gold loan.

  1. Where do you keep our gold?

The location of your pledged gold depends on your location. The articles are stored in a military-grade locker of our partnered bank located not more than 5km away from your address. As soon as you opt for our doorstep loan in Surat against gold, your assets become our responsibility, and we ensure its complete safety.

  1. Do I need to provide my bank statement for a Rupeek loan?

No, we only ask for your KYC documents and address proof.

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