Loan Against Property in Amritsar

Loan Against Property in Amritsar

Enriched with the legacy of Sikhism, Amritsar, the heritage city of Punjab, is surrounded by stunning tourist locations like The Golden Temple, Wagah Border, Maharaja Ranjit Singh Museum, Jallianwala Bagh, and Akal Takht. 

Amritsar is also home to central industrial units like the textile industry, iron and steel industry, and IT companies, which contribute sizeably to its booming economy. It has also led to impressive growth in real estate prices in this city. Therefore, individuals owning houses, open plots, or office spaces can leverage those to acquire a loan against property in Amritsar and address unforeseen situations or large expenses efficiently.

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Overview Of Loan Against Property

A loan against property is a type of secured loan that allows borrowers to obtain a sizeable fund by pledging residential or commercial property as collateral. Following are some features of an instant mortgage loan Amritsar:

  • By pledging the immovable asset, you can easily obtain a large credit amount to support yourself during a financial crisis. 
  • Being an all-purpose loan, it helps salaried individuals to obtain funds to fulfil all sorts of financial requirements. 
  • The loan repayment tenure can range up to 20 years or 240 months. Hence, borrowers may find it challenging to maintain expenses for such a long period. 
  • A loan against commercial property in Amritsar requires many supportive documents that include ownership documents, income proof, copies of income tax return, etc. 
  • Due to the excessive document requirements, the procedure automatically gets extended, which leads to late approval and disbursal of the loan amount. 

While LAP has some useful features to help, borrowers get a substantial amount for meeting their financial needs, some of its drawbacks make it unreliable during emergencies. The dragged-out processing period is also a crucial factor in this regard.

In such a situation, as an alternative to a loan against property in Amritsar, individuals can opt for a gold loan to support their financial situation and get better benefits along the way.

Why Gold Loan?

Despite being a secured financing option, the shortcomings of LAP compel the borrowers to look for other options to find an immediate solution to their financial crisis. With a bunch of benefits, a gold loan comes as an ideal replacement for that. 

The excessive document requirements can be avoided with a gold loan; therefore, the loan approval process also gets smoothly done. Unlike a loan against residential property in Amritsar, a gold loan offers a hassle-free experience during financial emergencies. To make their experience better, Rupeek comes with exemplary benefits to make borrowing seamless and useful. 

What Rupeek Promises?

Availing a gold loan from Rupeek ensures the following benefits:

  • Highest Per Gram Rate

To support our customers during financial distress, Rupeek provides the highest per gram rate. Hence, you can easily obtain a substantial amount to get rid of large-scale monetary issues. To make the process transparent and easily accessible, we also have our gold loan calculator, where you can check an estimate of the amount you will receive against the gold.

  • Competitive Rates of Interest

The immoderate interest rates often make it challenging to maintain regular expenses. However, with Rupeek, not only can you get the lowest interest rate, which starts from 0.49% per month, but also attractive schemes to suit your financial needs. 

  • Quick Disbursal

Due to the simple documentation procedure, the loan sanctioning and disbursal process hardly takes 45-60 minutes to complete. All you need to do is apply for the loan using our app or website and wait for the loan manager to visit your residence with a gold appraisal kit. 

From KYC verification to gold evaluation, the entire process gets completed at the borrower’s residence, and the fund gets transferred shortly after that. 

  • Doorstep Services

One of the key advantages you can get with Rupeek is the instant doorstep services. This way, you can avoid the tedious manual procedure and get the loan sanctioned from the comfort of your home. Instead of searching ‘loan against property provider Amritsar near me’, contact us directly to avail our services. 

Despite being a secured option, a loan against property interest rates in Amritsar can effectively amount to a massive amount with the lengthy loan repayment tenure. On the other hand, availing a gold loan with Rupeek not only benefits the borrowers with the afore-mentioned features but also its unique gold overdraft facility.

Rupeek has this facility called Rupeek Quick for our existing customers that allows them to withdraw funds whenever they want. The interest rate gets charged on the used sum only, not the total sanctioned amount. Along with this, the lenient set of eligibility criteria is another reason to consider Rupeek’s services.

Our Service Locations in Amritsar

We have extended our service to more than 500 locations all across the country. And in Amritsar, the following are some places where you can conveniently get our instant doorstep service

  • Katra Ahluwalia
  • Grant Trunk Road
  • Beas
  • Ajnala
  • Verka
  • Baba Bakala
  • Goal Bagh
  • Lawrence Road
  • Chheharta
  • Medical Enclave
  • Majitha
  • Ramdass

While individuals look for secured financing options like a loan against property in Amritsar to get rid of their monetary problems, the lengthy documentation process can become an obstacle. To avoid that, you can avail a gold loan from Rupeek and get funds instantly in 30 minutes.

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Frequently asked questions

  1. Is having a decent CIBIL score mandatory to avail a gold loan?

No, the credit score is not a mandatory criterion. Individuals can get a gold loan without a CIBIL score in Amritsar as well with us.

  1. Are gold coins accepted to avail funds from Rupeek?

Unfortunately, our lending partners do not accept gold coins or bars at the moment. Apart from that, any gold item that is 18 carats and above is admissible. 

  1. Can a person get a loan against property and a gold loan simultaneously?

Lending institutions may not sanction a loan against property in Amritsar to a person who is already servicing a gold loan. However, one can avail a gold loan while repaying a LAP.

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