Also known as Kovai, Coimbatore is the second-largest city in Tamil Nadu with a massive manufacturing sector and notable yet low-key tourist locations all around. From the Ukkadam-Valankulam Lake’s picturesque view to architectural sites like Perur Pateeswarar Temple, Marudhamalai Temple, and Kasthuri Sreenivasan Art Gallery and the Textile Museum, Coimbatore has quite a lot to offer.
The city is also home to an extensive textile industry that has ushered in significant economic development and awarded Coimbatore with the tag of ‘Manchester of South India’. Despite being an established industrial hub of the southern region, the overflowing population and inflation often prompt natives to avail a loan against property in Coimbatore to manage their expenses.
While keeping up with the contemporary lifestyle, individuals often find themselves struggling with regular expenditures. Luckily for people, owning any commercial or residential property, a loan against property comes as the easiest solution to deal with a financial crunch.
One can easily pledge real estate as collateral to avail substantial funds from a lending institution. Following are some features borrowers get to utilise while opting for a loan against property services:
These useful features of loan against property Coimbatore make it a borrower-friendly option. Regardless of these benefits, a major drawback of mortgage loans is its intricate documentation procedure that often takes up several days to complete.
Before applying for a loan against property scheme in Coimbatore, applicants must keep all the necessary documents available to avoid further delays.
Here is a list of all the documents required for getting a loan against property agricultural land:
The document requirements also depend on the mortgage companies in Coimbatore; therefore, individuals need to keep additional documents handy to avoid loan disbursal delays. Apart from the time-consuming documentation process, the stringent eligibility criteria also make a loan against property in Coimbatore inaccessible for certain people.
Therefore, as an alternative, individuals can go for a gold loan to obtain funds instantly, without facing these struggles.
Apart from being a secure option, a gold loan ensures fast disbursal, allowing borrowers to get rid of their financial crunch immediately. Because gold possesses a high value, you can easily obtain a large amount by pledging gold jewels as collateral.
Some other benefits that suggest why a gold loan is a better alternative for home mortgage loan Coimbatore:
Finding a trustworthy lender is quite difficult with several schemes and offers that are getting introduced these days. If your goal is to find a reliable and beneficial solution to your liquidity crisis, Rupeek is a one-stop solution for you. With Rupeek’s impeccable facilities, these benefits can be further maximised.
Following are some exceptional benefits you will receive using Rupeek’s services:
With Rupeek’s facility, you can expect the highest per gram rate, since we provide up to 80% value of your pledged gold. To help the borrowers out during their financial crunch, we provide up to Rs.1.5 crore as a loan amount. You can also use our gold loan calculator in order to check the exact value you will be receiving while pledging the gold items.
With the lowest interest rate that starts from 0.49% per month, Rupeek makes sure that the customer can lead a stress-free life and manage their finance better.
With our instant doorstep gold loan service, obtaining substantial funds to maintain regular expenses has become more hassle-free. You can just apply for the loan online using our app, and the loan manager arrives at your doorstep with a gold appraisal kit. From the evaluation of gold items to loan disbursal, you can complete the entire process sitting from the comfort of your home.
One of the key benefits you will be getting with Rupeek is the instant disbursal process. The entire process gets completed within 45-60 minutes, including KYC verification, from applying to loan sanctioning. This way, borrowers get to collect the fund instantly and make use of it during emergencies.
Our compelling schemes and flexible repayment options are available to help the borrowers smoothly maintain their expenses. Both part release of the loan and single bullet payment options are available apart from the traditional monthly EMI system for borrowers to conveniently repay the loan amount.
Our gold overdraft facility known as Rupeek Quick allows our existing customers to withdraw funds whenever required. This facility ensures that the interest rate does not get imposed on the total sanctioned amount, but only on the amount borrowers are utilising.
Here is a list of places in Coimbatore you can avail Rupeek’s doorstep services from:
Amidst the economic downturn, borrowers can still manage their regular expenses with Rupeek’s unique facilities. The hassle-free procedures and compelling benefits are some reasons to opt for a gold loan instead of easy loan against property in Coimbatore.
So, open the Rupeek app now to find the best deal, waiting for you!
Yes, since CIBIL score is not vital in case of a gold loan. The eligibility criteria for a gold loan are extremely lenient and only involves KYC verification. Therefore, you can still obtain a loan with your poor CIBIL score.
Yes, businesses can obtain a loan against property by collateralising their owned commercial space. A businessperson can also submit their residential property as collateral as well.
The interest you pay depends on three factors – loan amount, tenure, and interest rate. Although you cannot do much about the interest rate, you can opt for a lower loan amount or a shorter repayment tenure if you want to keep the interest payable to a minimum.
You need to keep the basic documents handy while applying for a gold loan with Rupeek. You can simply download our app or visit our online portal to apply. You can also give us a call for the same reason; after that, our loan manager visits your residence to complete the rest of the process. Post KYC verification, your loan amount gets disbursed instantly.
Yes, Rupeek provides up to Rs.1.5 crore to the borrowers against collateral.
Yes, you can choose the part release of the loan option to partially repay your loan. In that case, the amount can range anything between the monthly interest and any amount less than the total due amount.
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