Situated on the right-hand side of the river Krishna, Guntur, as part of the Andhra Pradesh Capital Region, is one of the most populous cities in coastal Andhra Pradesh. People often avail instant loans in Guntur for getting urgent cash. The Guntur district has a coastline of over 100kms and is bordered by Nalgonda, Mahaboobnagar, Prakasam, and Krishna districts, and the Bay of Bengal. Agriculture is a significant source of earning for the people in Guntur. Major crops that are produced in the district include Groundnut, Cotton, Paddy, Redgram, Jowar, Greengram, Maize, Bajra, Sunflower, Chillies, and Coriander. Guntur's chilli market yard is the biggest such yard in Asia. Guntur has various parks, temples, and forts, with the most famous being the Jinnah Tower, Kondaveedu Fort, Uppalapadu Bird Sanctuary, etc. The city figures prominently in the sports map of the country. The popular sports that are played in the city and the district include Boxing, Badminton, Volleyball, Swimming, Cricket, and Athletics.



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The flexibility related to instant loan guarantees that it can be put to any use. People in Gulbarga 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](https://rupeek.com/?city=bangalore) 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.

## Reasons to take an instant loan

An instant loan can be of two types - 

Secured instant loans- If you apply for a secured loan, i.e. an instant loan against collateral, you can get a higher loan amount. The eligibility criteria are also relaxed. Usually, it does not matter whether you can show income proof or not. You may also apply for a loan with only two documents - PAN Card and Aadhaar Card. 

Unsecured instant loans- If you apply for an unsecured instant loan, the lender would approve the loan based on your income and expenditure ratio, credit score, and the stability of income. To avail an unsecured loan, you have to satisfy the minimum monthly income criteria set by the lender and is usually above INR 21,000 per month. Moreover, you have to submit documents like PAN Card, Aadhaar Card, income proof, age proof, income tax file, bank account statement, and quite often, a guarantor.

 Hence, if you want a no-frills loan, it is prudent to apply for a secured instant cash loan online.


## Eligibility to apply for an instant loan and documents required


It is one hundred percent safe to take an [instant loan online](https://rupeek.com/blog/instant-online-gold-loan-at-your-doorstep/?utm_source=SB). The Reserve Bank of India authorises almost all lenders offering lending services in India under Section 45 IA of the Reserve Bank of India Act, 1934. You should always check the lender's Certificate of Registration and its validity before keying in your details online. Regarding the security of your personal and bank details, many reputed online lenders use 256-bit encryption and international-standard threat mitigation technologies, like the SSL technology, to make your data completely safe and secure. Hence, you can stay fully assured about the safety of your financial data. An instant cash loan online is one of the best ways to fulfil your aspirations without bearing the additional pain of making the rounds of the lender. Starting from application to EMI payments, every process is online. Additionally, online lenders offer much lower [interest rates](https://rupeek.com/interest-payment?city=bangalore) than many brick and mortar lenders.

## Is it safe to take an instant loan online?

An instant loan may come as a blessing when you need to take care of an urgent financial need. But different lenders have different eligibility criteria for approving an instant loan. Generally, the borrower needs to be at least 21 years old to be eligible to apply for an instant loan. The maximum age varies between 60 and 68. Additionally, the borrower must have a stable source of salary or business income. You may also apply for an instant loan if you do not have a permanent source of income. However, the lender would encourage you to deposit collateral security, such as in the case of a [gold loan](https://rupeek.com/schemes?city=bangalore&utm_source=SB), or apply along with a borrower who can produce their income statement. Most lenders prefer approving instant loans to borrowers with a credit score of 650 and above. But if your credit score is less than 650, the lender may increase the [interest rate](https://rupeek.com/interest-payment?city=bangalore&utm_source=SB) and reduce the [loan amount](https://rupeek.com/interest-payment?city=bangalore&utm_source=SB).


## What is the eligibility criteria for an instant loan?

Due to an increasing number of arrears as far as loan [repayment](https://rupeek.com/blog/how-to-get-instant-doorstep-loans-with-direct-lenders-2/) is concerned, lenders prefer to be vigilant while loan applications of those individuals that do not have a continued source of stable income. In such a scenario, salary slips are used to confirm the borrower's source of revenue on account of repayment of the instant loan. However, submitting salary slips is not mandatory. A variety of alternate proof of earnings can be submitted including Form 16, Income Tax Returns, Bank Account Statement, and Income Certificate. In case of an exceptionally high credit score, the borrower is given an exemption and lent an instant loan simply based on the Aadhar card. Alternately, the borrower can apply as a co-applicant along with another borrower with a stable source of income, or pledging collateral such as gold.

## How do I take an instant loan without salary slips?

The application process of a gold loan with [Rupeek](https://rupeek.com/?city=bangalore&utm_source=SB) is extremely simple and straightforward. To apply for a gold loan online, the borrower needs to download the Rupeek app from Google PlayStore and place a loan request from within the app. Alternatively, you may the customer care number and place the loan request. After you apply for the loan, a customer service representative would call you, confirm your details, and schedule an appointment. The appointment time is usually thirty minutes from the time of the loan request. After this, a gold appraiser would meet you, verify the KYC documents and the gold, and approve the loan. To avail a secured gold loan, you need to furnish basic [KYC documents](https://rupeek.com/blog/a-handy-guide-to-the-documents-required-for-gold-loans/?utm_source=SB) like PAN Card, Aadhaar Card, and the likes. Generally, the complete process of loan application to loan approval takes roughly 60 minutes

## How to apply for an online gold loan with Rupeek?

Allow Rupeek’s representatives to contact me for my loan application