Devlali, also called Deolali, is a serene hill station in the Nashik district of Maharashtra. During the time of the colonial rule, it was the location for a camp of the British army as well as the location of the Army Staff College. Even today, it houses one of the oldest camps of Indian military, called the Deolali Camp. The hill station is dotted with several temples and tourist attractions, such as Muktidham temple and Pandavleni Caves. Barnes School, one of the reputed boarding schools in west India, is located here. The people of Devlali enjoy a relaxed lifestyle in the lap of nature. They rely on facilities of instant loan in Devlali to meet their emergency fund requirements. Devlali is just 5 km away from Nashik Road Railway Station and can be easily reached via local modes of transport.
The flexibility related to instant loan guarantees that it can be put to any use. People in Nashik 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.
Instant loans are typically of two types- Unsecured loans that don't require collateral security and secured loans that require the borrower to pledge collateral security against the loan. Borrowers that get a instant loan get access to various benefits as compared to those that borrow unsecured loans. For instance, borrowers that avail secured loans get to borrow a higher loan amount. Since borrowers are required to pledge an asset whose market value needs to be about 30% more than the loan amount, the eligibility criteria are also relaxed. To avail a secured loan, you'll only need basic documents such as PAN Card and Aadhaar Card. However, this isn't the case with unsecured loans. When you apply for an unsecured loan, your loan approval depends on several factors such as your debt-income ratio, existing credit profile, and income status. Additionally, to be eligible for an unsecured loan, as a borrower, you will need to have a minimum income of INR 21,000 per month. Along with this proof of income, you will also have to submit other documents such as PAN Card, Aadhaar Card, Age proof, Income tax file, Account transaction statement, and sometimes even a guarantor. If you are looking to avail a quick, hassle-free loan, secured loans are the way to go.
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There are two types of instant loans- Collateral free loans (also known as Unsecured loans) that do not require you to pledge any asset against the loan) and Collateral loans (also known as secured loans) that require you to pledge gold in exchange for the loan. The most advantageous factor of a gold loan is that the loan amount is much higher as compared to an unsecured loan. Additionally, the interest rates of secured loans such as gold loans are often lesser than that of unsecured loans such as an unsecured personal loan for instance or any other conventional instant loan interest rates. Last but not the least, when it comes to gold loans, several lenders often enable the latitude to repay the entire principal loan amount along with the interest without sans additional charges. A gold loan would be the best choice if you are looking to urgently obtain a large loan at low-interest rates.
Usually, most lenders send automated reminder messages before the due date for EMI payment of the instant loan. However, there are times when a borrower skips the payment due to various reasons. If unfortunately, a borrower misses the EMI payment, the lender would impose a penalty on the next payment. This would raise the next month's EMI substantially. On subsequent defaults, the lender might hand over the case to a third party loan recovery agent, who might force the borrower in various ways. Additionally, the borrower's credit score takes a hit, making further loan applications difficult. Hence, as a borrower, you must always create a provision for paying off the EMIs and loan repayment even before applying for the loan.
Many borrowers often have the misconception that you need to produce salary slips to avail an instant loan. But nothing can be further from the truth. An instant loan is a fully flexible instrument, which means virtually anyone can apply for a loan. If you are a self-employed professional or non-professional, you may still apply for a loan. However, before applying for the loan, you must prepare an income certificate, which will show your net income. The lender would evaluate your income statement and try to understand your expense pattern, which includes existing liabilities. If your debt to income ratio is healthy and the credit score high, you may stay one hundred per cent assured about loan approval. You can also opt for a collateral-based instant cash loan if your income is not sufficient since it requires neither your income statement nor a salary slip. It also doesn’t require your credit score.
Placing a loan application with Rupeek is a smooth and hassle-free process. Rupeek’s procedure is very safe and transparent. When you apply for an instant loan with Rupeek, first, you have to download the app from Playstore or visit the web portal. You can also apply for a loan by calling their customer care desk. Once the loan has been requested, a company official will immediately get in touch with you to fix an appointment. Within thirty minutes from the loan request, the official will turn up at your doorstep to check the authenticity of your asset as well as to appraise your documents, such as your identity proof and address proof. Once they are validated by the company representative, your loan will be immediately approved. As soon as the loan approval is done, the loan amount will get transferred into your account. The whole process, from the placing of the loan request to the transfer of the loan amount, doesn’t take more than sixty minutes.
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