Lohagaon is a renowned area in Pune city. It is famously known for the Pune Airport, a customs air terminal. Lohegaon additionally has an Indian Air Force Base, named as 2 Wing, one of the most established air bases in India, after the Ambala Air Base. Numerous ex-servicemen live in Lohagaon. There is a street which associates Lohagaon and Wagholi, which connects with the Ahmednagar highway. Roads from Vishrantwadi, Dhanori, Vadgaon Shinde and Wagholi all conjunct at Lohagaon. This area has a blend of cityside and open country, Lohagoan is located between Vishrantwadi, Viman Nagar, Wagholi and Vadgaon Shinde. Half of Lohagaon's region goes under Pune Airport, in light of the fact that the IT parks in Viman Nagar are developing the region rapidly and making it a significant neighbourhood. For financial assistance, residents apply for instant loans in Lohegaon.
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.
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.
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Gold is one of the most liquid and valuable assets. When you pledge your gold with a lender, because of its high LTV (Loan to Value) ratio, up to 75% of the market value of the loan that you have kept as collateral can be obtained as the loan amount. There is no minimum amount of loan that you can obtain in the case of a gold loan. On the other hand, it is possible to save much on the loan interest by opting for a high-value loan. It is possible to save up to INR 12,000 on the loan interest. The loan interest rate for a loan amount of less than INR 2 lakh begins from 1.29% per month. If the loan amount is between 2 lakh and 5 lakh, the interest rate starts from 0.99% per month. If the loan amount is over 5 lakh, the loan interest rate starts at 0.89% per month. There are also different schemes that Rupeek offers for the loan repayment.
Placing a loan application with Rupeek is a smooth and hassle-free process. Rupeek’s procedure is very safe and transparent. When you apply for an instant loan with Rupeek, first, you have to download the app from Playstore or visit the web portal. You can also apply for a loan by calling their customer care desk. Once the loan has been requested, a company official will immediately get in touch with you to fix an appointment. Within thirty minutes from the loan request, the official will turn up at your doorstep to check the authenticity of your asset as well as to appraise your documents, such as your identity proof and address proof. Once they are validated by the company representative, your loan will be immediately approved. As soon as the loan approval is done, the loan amount will get transferred into your account. The whole process, from the placing of the loan request to the transfer of the loan amount, doesn’t take more than sixty minutes.
An instant loan, being one of the best options when it comes to an instant loan, offers many benefits and flexibility. One of the only drawbacks that they have is a high loan interest rate. But there are many ways in which the high loan interest can be tackled smartly. The loan interest rate is determined by the loan amount as well as by your financial health. It is your credit score and your income that comprise of your financial health. As long as you have a high credit score, as high as 900, your loan interest rate can be lower. Having a stable income is also significant. It assures the lenders of your loan repayment ability with other hardships. When you apply for an instant loan with a co-applicant, who also has a stable income, the loan interest rate can be reduced considerably. A collateral-based loan also provides instant cash loans against cheaper interest rates every month. This also can be an option since the interest rates for a secured loan can be as low as 0.89% per month.
Address proof, identity proof, age proof, and income proof are some of the basic documents that need to be submitted while availing any kind of a loan. But worry not! You can still avail an instant loan even if you don't possess the above documents. However, availing a loan without any document verification might require some additional measures on the borrower's part. For instance, the borrower might have to have an extraordinarily high credit score. A squeaky clean track record as far as prior loan repayments are concerned, an extremely healthy debt to income ratio such that your income generously accounts for the EMI payments are some of the factors that guarantee the lender that you will be able to repay the loan on time. Maintaining a healthy relationship with your lender also restores faith in the lender that the institution can disburse a loan to the borrower sans any documents.
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