The ward of Ultadanga in the North Eastern end of the Kolkata District, was once a ghat where dinghies were repaired. Today, it is one of the busiest suburbs in Kolkata with massive crowds during peak office hours, especially during weekdays. It is also a police district with jurisdiction over large swathes of the Eastern Kolkata Suburban Division. The area has various means of transportation ranging from buses, autos, rickshaws, and trams on roads. It also has the Bidhannagar Road railway station, and has numerous metro stations nearby. The area has some of the best shopping malls and restaurants, where the younger generation spends a lot of money. The area is full of shops lined on both sides of the main road with high business activity. However, sometimes people may require instant loans in Ultadanga for fulfilling their needs.
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.
The flexibility related to instant loan guarantees that it can be put to any use. People in Kolkata 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.
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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.
Though most borrowers strive for timely payments to elevate their credit score, it does so happen that the borrower might end up intentionally or unintentionally default on an EMI. Arrears in payment are met with various consequences depending on the lender and this ranges between a hefty penalty on subsequent payments and legal recourse. As a prudent borrower, it is advisable to map out a rough budget to ascertain if accomodating repayment of loan along with the interest will be possible. This will help you assess where you stand financially and avail a loan amount and interest rate accordingly. Bear in mind that the terms of your loan can be amended if you might be at risk of default. In such a case, you can immediately contact your lender and request for the same. Additionally, lenders also offer the facility to switch from a monthly repayment mode to pay the principal and interest at the end of the loan tenure, which is the bullet repayment mode.
If you think applying for a loan is easy, repaying your loan is even easier! Especially when it comes to gold loans or any other collateral-based loan. As opposed to a Collateral-free personal loan or credit card, the interest charged is much lesser when it comes to collateral-based loans. The types of payment you can avail are- in part, as interest or at closure. Part-payment is where you pay slightly more than what is to be paid every month. Interest payment is what you pay every month, namely EMI. Closure is the amount paid to release your collateral. Download the Lender's app from PlayStore or visit their web portal to make EMI payments. Additionally, you can also pay by using Internet UPI, Debit Cards, RTGS, Internet Banking, IMPS, or NEFT. The lender sends you timely reminders about your EMI payments as and when they are due, provided that's the mode of payment you have chosen.
Rupeek not only offers a higher value for your gold but also offers ultra-low rates of interest, which can enable you to save more than INR 12,000 per lakh on interest. Additionally, you can get the highest LTV for your gold and a free insurance cover.
Rupeek offers four types of interest rates according to the loan amount and your location.
This is because Rupeek offers three types of schemes under these loan amounts - such as High Value Loan, Max Value Loan, and No Tension Max Value Loan. The interest rate offered by High Value Loan is the lowest and the No Tension Max Value Loan is the highest.
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