Puzhakkal is a well-developed suburban area in Thrissur. Puzhakkal is named after the scenic Puzhakkal river which is situated in this region. Tourists can enjoy boating services across the river. The vast paddy fields in Puzhakkal have given way to many commercial and residential spaces. Public and private commercial spaces like Lulu Convention Centre, District Industries Centre of Kerala Govt, Thrissur Collectorate, KINFRA Industrial Park and Sobha City Mall have greatly contributed to the area’s rapid development. Large automotive companies have their business complexes in this area. Puzhakkal also has a national level Tennis academy. This area has a huge integrated township with helipad facilities. Instant loans in Puzhakkal have allowed many people to own a house in this posh township.
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.
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 Thrissur. 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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PAN Card is often considered as a mandatory requirement for availing an instant cash loan online. Also, many lenders allow the facility to apply for an instant loan without the PAN Card. However, the chances of loan approval become high when you apply for a secured loan. A secured loan is a loan in which you pledge an asset to get a loan of up to 75% of the asset's value. If you want to apply for an instant loan without PAN Card, you should try to keep the credit score above 700, which is an accurate indication of your creditworthiness. Alternatively, the lender may ask for a copy of your bank account statement or income statement to prove the legibility of the loan application.
For all kinds of emergency funds, an instant cash loan is the best option as it provides urgent loans. Even in the case of home renovations or repairs which can include plumbing works, electrical work or just about anything, as long as it is not illegal. You can use the obtained funds for your requirements - even if that is getting a new air conditioner or a television or any other gadget. The loan application process is very simple, which can be completed either by visiting the web portal of the lender or by downloading their app. The instant-loan approval, which requires the submission of a few documents doesn’t usually take more than an hour. The required documents include your Aadhar Card, PAN Card, etc, among a few others. The loan interest rate is determined by your credit score as well as your income. You can also opt for an instant cash loan against a collateral.
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.
Whether or not you need to have a high credit score depends on the type of loan you are applying for (collateral-based or collateral-free instant cash loan) and on your lender. You are required to have a credit score only as long as you are opting for a collateral-free instant loan. If you are opting for a collateral-based instant cash loan, you are not required to have a credit score. A credit score is requested by the lenders as it is a mark of your financial health. Your credit score and your financial health are directly proportional to each other. On the other hand, if you are placing an application for a gold loan with Rupeek, your credit score is not required. This is because of the security of the collateral that you have pledged with the lender. This also enables the lender (as per the RBI regulations) to disburse amounts equal to 75% of the market value of the pledged gold to the borrower. Besides, you can also get lower loan interest rates with Rupeek.
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