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Instant loan in ashoknagar

Ashoknagar is a lively locality situated in Mangalore in the Dakshina Kannada district of Karnataka. The locality stands on the bank of Gurupura River. It stands at a distance of about 5 km from Mangalore Railway Station and about 12 km from Mangalore International Airport. Ashoknagar has a good mix of commercial establishments and residential apartments. It is a locality where people of various faiths reside peacefully. Along with several temples, the area also has a church. People often avail instant loan in Ashoknagar to overcome their sudden requirement for funds for any purpose. One of the major attractions of the locality is the Sultan Battery watch tower, which dates back to 1784. This historic watchtower offers splendid views of the sea. The Sultan Battery Boat Club is another attraction of this locality.

Reasons to take an instant loan

The flexibility related to instant loan guarantees that it can be put to any use. People in Hyderabad procure instant loans for a variety of reasons - whether the expenses are planned or unplanned. The funds procured through an instant loan can be used to pay off unprecedented medical bills. It can also be used to finance a tour or a vacation, or to meet other unexpected emergencies. Whether it is for a house renovation that you need funds for, or it is to start a small business or just about anything, instant cash loans do not stand in your way. You can also use them to pay off your credit card debts, to sponsor an event, or to conduct a grand marriage function. The flexibility offered by an instant cash loan makes sure that you can use your funds for whatever need, as long as it is not for speculative or illegal activities. In some cases, it is also possible to apply for tax rebates when you use an instant loan.

Features of an instant loan

Thanks to the flexibility and the simplicity associated with an instant loan, it is the most popular and demanded source of funds in India. An instant loan offers many exclusive features that makes it a favorite among the borrowers in Hyderabad. Listed below are some of the most attractive features of an instant loan:

Flexibility - The funds that are obtained through an instant loan can be put to any use, as long as it is not for speculative or illegal purposes.

Loan approval - Usually within an hour from the loan application, the loan amount will get disbursed into your account, just as the name suggests.

Loan application - An instant loan can be placed online as well as offline. The borrower can use the app, the website, or can also call the customer service desk to make a request for the loan. The procedure, from the loan application to the transfer of the amount remains smooth, transparent, and quick.

Minimal paperwork - One of the reasons why instant loans are so popular is that they hardly require any paperwork at all. Not more than five documents are to be uploaded under any circumstance.

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Frequently asked questions

Should I take an instant loan to start a small business?

When you plan to start a business, money plays the most crucial role. An instant cash loan online is one of the best ways to get urgent funds when you want to establish a business. The best feature of an instant loan is that you can use it to spend on any business purpose you wish to. Applying for and getting an instant loan is as easy as 1-2-3. All you should do is download the lender's app, enter a few basic details, upload the required documents, and receive the loan amount in your account. Applying for an instant loan is better than borrowing money from other sources, as an instant loan boosts up your credit score when you repay on time. A high credit score may make you eligible to receive further loans at low rates of interest.

What are the interest rates offered by Rupeek for an online gold loan?

Rupeek not only offers a higher value for your gold but also offers ultra-low rates of interest, which can enable you to save more than INR 12,000 per lakh on interest. Additionally, you can get the highest LTV for your gold and a free insurance cover.

Rupeek offers four types of interest rates according to the loan amount and your location.

  1. If the amount that you are borrowing is above 20 lakh, the interest rate can range from 0.89% to 1.39%.
  2. If the amount you wish to avail is more than INR 5 lakh, then the lowest interest rate you can get is 0.89% per month and can go up to 1.39%.
  3. The interest rate can go up to 1.59% if the amount you wish to avail is between INR 2 and 5 lakh. The lowest interest rate can be 0.99%.
  4. For an amount of less than INR 2 lakh, the interest rate starts from 1.29% and goes up to 1.69%.

This is because Rupeek offers three types of schemes under these loan amounts - such as High Value Loan, Max Value Loan, and No Tension Max Value Loan. The interest rate offered by High Value Loan is the lowest and the No Tension Max Value Loan is the highest.

Will an instant loan help pay off credit card debt?

Credit cards are the most sought after instrument of debt. Since credit cards essentially enable an individual to spend money they don't yet have, it often leads to debt compilation which reflects poorly on the individual's creditworthiness. Post such a debacle, even if the individual chooses to opt for a loan, a low credit rating will continue to affect the individual's loan interest rate, loan amount, and other terms of the loan. The individual can redeem himself/herself by availing instant cash loans online. The individual can seek to curb the damage caused to his/her credit rating as the funds stemming from an instant loan can be used to settle existing credit card debts. Since instant loan interest rates are usually lower than that of credit cards, it is advisable to leverage an instant loan to settle credit card dues.

Does an instant loan affect your credit score?

If you are looking to avail credit in any form now or in the future, it is very important to maintain a respectable credit score. Credit scores play a key role in determining your loan amount, loan term, and loan interest rate. The better your credit score, the higher your chances of having the upper hand when it comes to deciding the various terms of your loan. 700 is considered a healthy credit score. Anything south of 700 could cause mistrust in the minds of lenders. The most foolproof way of increasing your credit score is by availing an instant cash loan online and arriving at an EMI that you can afford to easily payback. Make sure to maintain a balanced debt-income ratio. For instance, if your credit score if very low, avail a loan of smaller value. This will enable you to repay it easily and also extend your credit limit for any loans you wish to avail of in the future.

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