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Aurangabad
vaijapur
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Instant loan in vaijapur

Vaijapur is a municipal council and a small city located in the Aurangabad district of Maharashtra. It is surrounded on the west by Nashik district, on the north by Kannad tehsil, on the east by Gangapur tehsil, and on the south by Ahmednagar districts. It is also known among the masses by the name of Gateway of Marathwada. Farmers and industrialists look for instant loan in Vaijapur to find their agriculture and irrigation related projects. This town is a favorite among tourists for its Shri Dakhyanai Temple, Shri Ravaneshwar Temple, Saint Shanakar Maharaj Samadhi, and Ancient Shiv and Ram Mandir. You can reach this town by taking a train to the Aurangabad Railway Station and then boarding a bus to take you to the town. In case of emergencies, you can contact the Vaijapur Police Station and Anand Hospital.

Reasons to take an instant loan

People often turn to instant loans in Aurangabad for several purposes.They can be classified into:

1) Unplanned expenses: Owing to how quickly it can be availed, instant cash loans are a convenient form of credit that comes very handy in case of financial emergencies. In scenarios such as hospitalization, sometimes the bill amount might exceed the insurance cover. Instant loans can be availed within an hour and are very helpful when one has to meet unplanned expenses.

2) Planned expenses: If you are looking to start or expand your business, you can avail an instant loan to help meet your fund requirements. The funds stemming from an instant loan can be spent as per the borrower's discretion. If you choose to spend the loan mount on business, construction, or renovation of your house you are even eligible for tax rebates. Be it a leisure trip or a wedding, instant loans can be availed for any reason.

Features of an instant loan

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.

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Frequently asked questions

How to apply for an online gold loan with Rupeek?

The loan application process at Rupeek is short and sweet! All you'll need to do is download the Rupeek from the PlayStore, create an account with a unique username and password and place a loan request. If you wish to directly get in touch with a Rupeek loan executive you may do so by placing a call on the customer care number. If you are applying for an unsecured instant loan, the necessary documents can be uploaded online. Whereas, if you are applying for a secured loan, a Rupeek representative will visit you at a location and time as stipulated by you. This visit is primarily for the verification of certain essential documents such as Aadhaar Card, PAN Card, and collateral valuation. Post successful verification, the amount is disbursed. Ideally, whether you apply for a secured or unsecured loan the approval will only take about an hour.

What is the minimal age requirement for an instant loan?

When you apply for an instant loan, you get funds for fulfilling your life's myriad aspirations. However, to avail the maximum benefits of an instant cash loan, you must satisfy the eligibility criteria. The eligibility criteria differ from lender to lender. Generally, to avail a collateral-free instant loan, your age must be 21. However, if you are applying for a collateral-based loan, e.g. a gold loan, the minimum age can be as low as 18. To prove your age, you may submit documents like birth certificate or secondary school examination admit card. Other than satisfying the age-related eligibility criteria, it would be best if you also meet other eligibilty criteria which might have an impact on the approval or rejection of the loan.

What is an instant cash loan?

True to its name, Instant Cash Loans are loans that can be availed within a matter of hours. It does not require any security pledge owing to which almost the entire process happens online, right from Application to Disbursal. Within an hour of applying for an Instant Cash Loan, the lender will send a representative to your house or workplace to verify your documents following which the amount is disbursed instantly. It is important to note that as Instant Cash Loans are collateral-free, the loan amounts are lesser and the interest rates are higher as compared to secured loans. If you are looking to avail a Low Interest, High Value, Collateral Based Loan please proceed to the lender's website to place your request as you can save up to 65% on EMI by opting for Collateral based loan over an Instant Cash Loan.

How does an instant loan get disbursed?

Instant cash loans are typically of two types- Secured loans that require the borrower to pledge collateral such as gold against the loan and unsecured loans that don't require collateral to be pledged. Since it requires collateral pledges, in case of a secured instant loan, a loan officer visits you at your doorstep or any location as stipulated by the borrower to verify documents regarding the collateral security in order to sanction the same. In the case of unsecured loans, the above processes including document verification can be carried out online. The possibility of a loan application being rejected depends on several factors including credit score, history of default, and financial profile. The loan amount upon approval directly gets transferred to the borrower's bank account. Ideally, the entire process end-end from loan application to approval takes roughly around 60 minutes!

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