Ganesh Chunder Avenue, or Ganesh Chandra Avenue, is a commercial street in Central Kolkata. The place is renowned for being home to the corporate office of the Bengal Chemicals & Pharmaceuticals Works Ltd., which is the oldest Chemical and Pharmaceutical company in India. The Avenue starts from Bentick Street and terminates at Central Avenue. There are several banks, like Punjab National Bank, Karnataka Bank, UCO Bank, Allahabad Bank, Bank of India, and IndusInd Bank on the street. The street is easily accessible from Sealdah Junction railway station and Chandni Chowk Metro Station. Because of its proximity to major government offices and private companies, people frequently depend on instant loans in Ganesh Chunder Avenue for meeting their financial needs.
The flexibility in the end-use of an instant loan makes it one of the most popular loans in India. Denizens often avail instant loans in Kolkata for various reasons. The first reason why people avail an instant loan is to address sudden financial emergencies. Sometimes, in case of hospitalisation, the bill amount may exceed the available cash. An instant loan provides urgent money, which one can use on anything related to health. Another reason why people apply for an instant loan is to set up a business. In some cases, using the instant loan amount for business may also enable you to apply for tax rebates. Many borrowers also avail an instant loan to sponsor a vacation or a tour. The fourth reason why people apply for an instant cash loan is to spend it on sponsoring a big event like a marriage.
Instant loans are one of the simplest and most popular loans in India. Out of all loans offered by Indian lenders, instant loans are the most feature-rich and easy loan you can avail. Some of the prominent features of an instant loan are:
Flexibility- The first feature that makes an instant loan unique is its flexibility. You may use the loan amount for any purpose you want to.
Loan approval- The second feature is the speed at which instant loan approvals occur. Usually, an instant loan gets approved within an hour of the loan application.
Ease of loan application- The third feature is that you can apply for an instant loan online or offline. The entire process, from application to approval, is transparent, quick, and painless and is hassle-free when it comes to gold repayment.
Minimal documentation-Last but not the least, instant loans are so popular due to the minimum documentation required to apply for an instant loan. You need to upload no more than five to six documents to submit your loan application.
When you want to apply for a loan in India, many lenders insist you have a credit score of 700 and beyond. A high credit score shows the creditworthiness of the borrower. A borrower with a high credit score can negotiate the rates in their favour. However, Rupeek's gold loan is unique in that sense since it does not require you to have a high credit score or high income. Your gold will be the collateral for your instant loan. As per the regulations of the RBI, you can avail up to 75% of the gold's value as a the loan amount. Since you will be pledging your gold to get the loan, this security is what prompts Rupeek to offer gold loans to its borrowers without a high credit score or salary slips.
Rupeek loans can be availed in no time at all! All you'll have to do is download the Rupeek app, create an account with a unique username, and set a password for the same. Once this is done, you can fill out a gold loan application and place your request. In a matter of just a few minutes, a Rupeek representative will get in touch with you to schedule a visit to any place and time of your convenience. An official loan officer will then arrive at your place to verify your documents and value your gold. Upon successful verification, the officer will state the loan amount that you are eligible to receive. If both parties are in agreement with the loan amount, the officer will process your loan and you will get the money in your account in a jiffy. The entire process from the time you place your loan request to loan disbursal takes only about an hour.
One of the most beneficial perks of availing an instant cash loan online is its flexibility. instant loans are typically of two types secured or unsecured. While unsecured loans come with an upper cap, the maximum amount you can avail from a secured loan is contingent on your collateral. Ideally, it is up to 75% of the value of the pledged security. To cover the loan processing cost, lenders charge a higher loan interest rate for a low loan amount and vice versa. For instance, if your loan amount is 5 lakhs or below, you may be charged an interest rate of 1.50% per month whereas if your loan amount is 20 lakhs your loan interest rate will be around 0.90% per month. Though a small magnitude of the instant loan may come at a relatively high rate interest, the celerity at which these instant loans are processed completely out shadows it. Alternately, you can avail collateral-based instant cash loans as they have relatively low interest rates.
Placing an application for a gold loan with Rupeek is a very simple process. Rupeek offers one of the smoothest and the most hassle-free processes to obtain an instant gold loan. First, you have to download the Rupeek app or visit the web portal to place a request for an instant loan. You can also call the customer care desk and request a loan. Once that is done, a company official will get in touch with you to fix an appointment. At the suggested time, usually thirty minutes from the loan application, the official will show up at your doorstep. The gold appraiser will then proceed to check the authenticity of your gold as well as to verify your documents. The KYC documents that are required include your identity proof and your address proof. Once that is done, the loan will be approved. The loan amount will immediately get credited to your account and you can then use it for your requirements.
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