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Instant loan in karimabad

Karimabad is a part of Warangal Tri-city or Warangal City in the Indian State of Telangana. It is located amidst Kazipet and Warangal. It is located in the south of the city centre. The official languages of this part are Telugu and Urdu. This part of the city is famous for some of its masjids such as Dargah Hazrat Mashooq-E-Rabbani Masjid and Ursu Mosque E-ravbani Rah-Ursu Dargha. Some famously known temples of this part of the city are Shivanjaneya Temple and Lalitha Ammavaru Temple, many believers visit this temple on a daily basis, thus making the locality busy most of the time. The National Ration Distribution Scheme - Chauka Depot is also located in this locality. There are many shopping areas in this locality where people start different businesses by taking instant loan in Karimabad. This loan makes everything easier.

Reasons to take an instant loan

The flexibility related to instant loan guarantees that it can be put to any use. People in Warangal 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.

Eligibility to apply for an instant loan and documents required

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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Frequently asked questions

How secure is my gold with Rupeek?

In addition to being cheap, quick, easy, and flexible, Rupeek is also as safe as it can get! With over a million borrowers, Rupeek has continually been gaining momentum since its establishment in 2015. Rupeek is well known for its stellar customer service, speedy redressal system and unparalleled doorstep loan disbursal to name a few. Rupeek offers the utmost security of your collateral. That is, when you pledge your gold either in the form of gold bars or ornaments with Rupeek, it comes with a 100% free insurance cover. Wile your gold will be stored with a partner bank equipped with iron-clad security and constant CCTV surveillance, the personal information you share with the team through the app is transmitted through 256-bit encryption and protected by SSL technologies.

Can I get an instant loan if I'm a homemaker?

It is possible to get an instant cash loan even if you are a homemaker. There are two types of instant cash loans - collateral-based and collateral-free instant cash loans. In the case of the latter, the borrower has to be able to prove that they have a steady source of income and a high credit score. Since that option is not available to a homemaker, an even better option is still available to them. A collateral-based loan is an excellent source of quick funds as they require neither an income statement, nor a salary slip. The main requirement is the collateral, such as gold. The borrower can get up to 75% of the market value of the gold as the loan amount and can enjoy one of the lowest loan interest rates in the market. The borrower, alongside the collateral will also have to submit their identity proof and address proof.

How does an instant loan get disbursed?

An instant cash loan can be of two types - secured and unsecured. If you apply for a secured loan, the lender will send a loan officer to your doorstep to verify the original documents and collateral security before approving or rejecting the loan. If you apply for an unsecured loan, the lender would verify your documents online and approve or reject the loan. The loan approval, in this case, would depend mainly on your repayment history and financial profile. The loan application is approved it gets directly credited to your bank account on approval. Usually, the entire process from loan application to approval of the loan takes roughly 60 minutes.

How long will the application process take?

The best feature of an instant cash loan is its speed. To avail a loan, you have to download the lender's app or visit their web portal and place the loan request. Generally, within a few minutes of lodging the application, an official representative will call you and fix an appointment. After this, an approved loan officer would visit your house or office and verify the documents. However, in case of a collateral-free loan, lenders often carry out the verification online. In case of a collateral-based loan, the officer would reach the place of your convenience within 30 minutes of placing the loan request. After physical verification of documents, the officer would approve your loan and ensure seamless transfer of the loan amount to your account. Ideally, the entire process from loan application to loan disbursal takes no more than 60 minutes.

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