Serkadu is a prominent residential locality in the Vellore District. The locality is home to the Thiruvalluvar University, where students from all southern states come to study. The area comes under the Katpadi assembly constituency and Arakkonam parliamentary constituency. Eranthangal, Karigiri, Mutharasikuppam, Vannampalli, and Puthur are some popular localities near Serkadu. The nearest railway stations are Bomma Samudram and Sevur. There are several popular temples in the locality, like Lord Saptha Kanni Amman, Lord Mariyamman Temple, Gangai Amman Temple, and Sri Naganadeeswara Temple. Other than Thiruvallur University, the prominent educational institutions are Swamy Vivekananda School, Serkadu Higher Secondary School, Kandipedu School, and Government School. The people living here often apply for instant loans in Serkadu to take care of their urgent financial needs.
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.
Instant loans are one of the most popular forms of credit in India. Instant cash loans come equipped with several perks and features that make it the most preferred form of credit or most borrowers. There are several reasons why Instant loans have been a roaring hit. The first and foremost reason would have to be its flexibility. It can be availed within a matter of hours, with or without collateral, with or without a healthy credit score, and can be spent as per the discretion of the borrower. Secondly, the speed at which these loans are approved. It is usually only a matter of an hour before these loans are approved. The third reason would have to be the loan application process which can be done both online as well as offline and is an extremely hassle-free process. Last but not the least, the reason instant loans are most borrowers' go-to choice of credit is because of the minimal documentation that is required. Depending on the type of instant loan the borrower is looking to avail, the documents required will vary but are minimal nevertheless.
When you plan to start a business, money plays the most crucial role. An instant cash loan online is one of the best ways to get urgent funds when you want to establish a business. The best feature of an instant loan is that you can use it to spend on any business purpose you wish to. Applying for and getting an instant loan is as easy as 1-2-3. All you should do is download the lender's app, enter a few basic details, upload the required documents, and receive the loan amount in your account. Applying for an instant loan is better than borrowing money from other sources, as an instant loan boosts up your credit score when you repay on time. A high credit score may make you eligible to receive further loans at low rates of interest.
When it is about choosing the right financial instrument for getting cash instantly, people often choose credit cards, without realising that the penalty for non-payment can often be detrimental for their financial profile. Credit card debt often causes irreparable damage to the credit rating of a borrower, thereby reducing the chances to apply for a new loan. However, by availing an instant cash loan online, you can settle off your existing card debts and start your financial journey afresh. By settling off your credit card debts, you can partially offset the damage caused to your credit score. And, as the instant loan interest rates are usually lower than credit cards, you may save a substantial amount by paying off your card dues with an instant loan.
An instant loan is the most popular loan in India due to the incredible flexibility it offers. You may use the instant loan amount for virtually any purpose you like, except speculative activities. Many borrowers use the instant loan amount to construct a house. Building a house also makes you eligible to receive tax benefits of up to INR 2 lakh. You may also use the loan amount to renovate your home, which would make you eligible to receive tax benefits of up to INR 1.5 lakh. Self-employed professionals often avail an instant loan to set up a business or meet working capital requirements. Alternatively, you may use the amount to buy a motor vehicle or an electronic gadget. An instant cash loan may also come in handy if you want to pay hospital bills in case of an emergency.
An instant loan is one of the most preferred loans as it provides immense flexibility. It is also the easiest solution for emergency funds. But, if it is an unsecured instant loan that you have opted, you will be charged with a high loan interest rate. On the other hand, secured instant loans have lower interest rates. The maximum amount that can be obtained by an unsecured loan is 5 lakhs. As the loan amount decreases, the loan interest rate also increases. If you are looking for an instant cash loan that has no upper limit, you should try a secured, or a collateral-based instant loan. A collateral-based instant loan not only provides lower interest rates, but they also disburse amounts up to 75% of the market value of the collateral, such as gold, that you have pledged with them. You can enjoy the low loan interest rate as well as the high-value loan amount in case of a collateral-based instant loan. This is because of the security, the liquidity, and the LTV (loan to value) ratio of gold when kept as collateral.
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