Hampinagar is an upscale residential and commercial area in RPC Layout in west Bangalore in the Indian state Karnataka. It comes under the Hampi Nagara Police Station. Other major localities around Hampinagar are Bhyraveshwara Nagar, Deepanjali Nagar, Kamakshipalya, and Basaveshwara Nagar. The area has more than 70 retail stores, 40 restaurants, and 20 beauty salons. The area has many big Hindu temples and churches like Balamuri Ganapathi Temple, Sankastahara Ganapathi Temple, Mariyamma Temple, Sri Shirdi Sai Baba Temple, Sri Maramma Temple, Vishwakarma Temple, and Evangelical Baptist Church. Prominent educational institutions in the area are the New Cambridge English School, Holy Angels High School, and Sri Kalabyraveshwara Ayurvedic College and Hospital. People often apply for instant loan in Hampinagar to take care of their day to day needs.
The flexibility related to instant loan guarantees that it can be put to any use. People in Bangalore 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.
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.
Almost all lenders in India offer the facility to close the instant cash loan before the end of its term. What makes them different is the charges they levy for providing such a facility. You may prematurely close the account in two ways. The first is by paying the entire amount in full before the end of the loan term. Usually, the lender charges anywhere between 0% and 3% for full loan repayment. You may also avail the facility of part prepayment and use any extra cash in your hand to pay a lump sum in addition with the existing EMI. In this case, the lender may charge an amount which is 0% to 1% of the lump sum amount. By clearing the dues early, you may enhance your credit score and become eligible to apply for a new high-value loan.
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.
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