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Instant loan in hakimpet

Located on the northern outskirts of Hyderabad, Hakimpet is a prominent village that falls under the Shamirpet mandal. It is located about 10 km from the heart of the city and about 14 km from Secunderabad. Hakimpet is a fast developing area that is under the administration of Thumkunta Municipality. The area is home to the Hakimpet Air Force Station. It also has a base of Indian army. Campuses of several national agencies, like the Central Industrial Security Force (CISF), Rapid Action Force (RAF), National Industrial Security Academy (NISA), and CRPF Group Centre Ranga Reddy are located here. Hakimpet also has very good sports facilities. The Telangana State Sports School and D'Marc Cricket Academy (DMRC) are located here. Local residents often avail instant loan in Hakimpet to meet their expenses.

Reasons to take an instant loan

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 Hyderabad 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.

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

Can I take an instant loan for education?

With the cost of quality education steadily increasing, there are chances that the money you have set aside for paying the education bills might fall short. An instant cash loan for education can be the easiest way to ensure an uninterrupted flow of fast funds required to pay the bills on time. Applying for an instant cash loan online is relatively easy. You can apply for an instant loan if you have PAN Card, Aadhaar Card, income statement, and a few other documents. The most significant benefit of an instant loan is that you can spend the loan amount on anything related to education, which may include capitation fees, tuition fees, admission fees, or other purposes. The EMIs start from a month after loan approval.

Can an instant loan request be altered?

Generally, when you apply for an instant cash loan, the lender automatically assumes that you have carefully evaluated your needs and your loan repayment capability before you apply for a loan. However, they are also considerate of offering you the facility to alter your loan request. The first thing you may alter after placing the loan request is the loan amount. The second thing you may alter is the loan term. And the third thing you may change is the type of the loan. However, all of these changes need to be done before the loan approval. Generally, no loan alteration request, other than loan term, is entertained post the instant loan approval.

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

Rupeek loan interest rates are extremely low, variegated, and practical. By applying for a gold loan at Rupeek, you could stand to gain more than INR 12,000 on the interest component for every lakh you borrow. What's more, your gold gets a full and free insurance cover as long as it is in Rupeek's possession. Rupeek offers various types of interest rates and amounts as per your preference. Here are the interest rates which are subject to change depending on the loan amount-

1) Above 20 Lakhs- Interest rate can range from 0.89% to 1.39%

2) Between 5-20 Lakhs- Interest rate can range between 0.89% and 1.39%

3) Between 2-5 Lakhs- Interest rate can range between 0.99% to 1.59%

4) Less than 2 Lakhs- Interest rate can range between 1.29% and 1.69%

The variation in interest is because Rupeek offers 3 types of loan schemes-

1) High-Value loan (Lowest interest rate)

2) Max Value Loan

3) No Tension Max Value Loan (Highest interest rate)

How is the EMI for an instant loan calculated?

The EMIs or the Equated Monthly Installment that the borrower pays every month comprises of the principal loan amount as well as the interest. The EMI is calculated after consideration of the loan amount, the loan interest rate as well as the loan term. During the early months of loan repayment through EMIs, the amount paid is the interest. It is towards the end of the loan term that the principal amount is repaid. There is a tabular list called the loan amortization that shows the principal amount as well as the loan interest components. If a borrower takes gets a loan amount of INR 10 lakh whose loan term stretches over 12 months and the loan interest rate charged is 10%, the monthly EMI of the borrower would come to INR 87,920. The EMI has a direct relationship with the loan interest rate. If the loan interest rate increases and the loan term remains the same, the EMI will increase. On the other hand, EMI has an indirect relationship with the loan term. If the loan term increases and the loan interest remains the same, the EMI will decrease.




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