Loan Against Property in Guntur

Loan Against Property in Guntur

Founded in the mid-18th century by French, Guntur is a major hub of the southern region’s agricultural industry. The second most populous district of Andhra Pradesh acquires most of its revenue from jute, rice, and tobacco business.

The city is also surrounded by some eminent Buddhist monuments, standing testimony to its culture and devotion. Some noteworthy places like Amaravati, Mangalgiri, Amaraswara Temple, Buddhist Stupa, Kondaveedu are replete with heritage aspects and glory of India.

Individuals looking to address large-scale expenses such as of wedding and home renovation or unforeseen situations like a medical emergency can opt for a loan against property in Guntur. However, it is advisable to be aware of all the aspects of mortgage loans before availing one.

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About Loan against Property

To cope with regular expenses, individuals often look for secured credit products that do not impose additional liabilities on them. Mortgage loans are one of those secured options where you can obtain a sizeable loan amount by pledging a residential or commercial property as collateral.

Following are some features of a loan against residential property in Guntur you should be aware of:

  • High Loan Value: By pledging your property, you can easily get a high loan amount to fulfil your financial requirements.
  • Extended Loan Tenure: For salaried individuals, keeping up with interest rates along with other liabilities can become challenging. Mortgage companies in Guntur provide you with an opportunity to extend the loan tenure so that you can smoothly repay the loan.
  • Moderate Interest Rates: Due to its secured nature, loan against property interest rates in Guntur are pretty affordable. However, it also depends on the lending institution you are availing the loan from.

The aforementioned features inevitably compel the borrowers to opt for a loan against property in Guntur to meet their financial needs. However, it also comes with a few shortcomings like lengthy documentation procedure, late approval, etc.

Individuals are generally required to submit substantial documents to avail the loan, including ownership documents, income proof, etc. It is not at all possible to avail a loan without ITR and income proof in Guntur.

Therefore, as an alternative, individuals can opt for a gold loan that offers better features and a scope to save more money. And when it comes availing a gold loan, Rupeek can be an ideal option.

What Makes Rupeek’s Gold Loans Stand Out?

While searching for ‘loan against property provider Guntur near me’, you might face certain limitations like low CIBIL score, insufficient documents, etc. that eventually create a hindrance in acquiring funds. With Rupeek’s facilities, all of these limitations can be avoided due to the following reasons. 

  • Attractive LTV Ratio: Availing a gold loan from Rupeek allows you to obtain a handsome amount against your gold jewels. With LTV up to 80%, Rupeek makes sure that the borrowers can overcome their monetary crisis. Also, with our gold loan calculator, one can easily check the exact amount that can be obtained against the gold.
  • Multiple Repayment Schemes: Apart from the traditional EMI facility, Rupeek also has two different kinds of repayment schemes like partial repayment, and a single bullet payment facility to help the borrower conveniently repay the loan.
  • Lowest Interest Rates: Our interest rate starts from 0.49% per month, saving our borrowers from additional liabilities and managing their finance better.
  • Fast Disbursal: While availing a quick loan against property Guntur requires minimum 4 days to get the loan sanctioned, with Rupeek the amount gets disbursed within 30 minutes.
  • Overdraft Facility: We also have our unique gold credit line called Rupeek Quick, enabling borrowers to withdraw funds whenever. The facility ensures that the interest rate gets imposed on the used sum only, not the total sanctioned amount.

Apart from these compelling features, Rupeek also ensures the entire process from KYC verification to gold evaluation and loan sanctioning takes around 45-60 minutes to complete. Therefore, you can always count on Rupeek during emergencies.

Our Operations In Guntur

Rupeek’s doorstep services are available in the following places in Guntur:

  • Mangalagiri
  • Nallapadu
  • Amaravathi
  • Kanna Vari Thota
  • Thamma Ranga Reddy Nagar
  • Pedanandipadu
  • Velagapudi
  • Tadikonda
  • Pedakakani
  • Prathipadu

So instead of struggling to get a loan against property in Guntur, allow Rupeek to support you during the financial crunch.

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Frequently asked questions

  1. Does CIBIL score matter in case of a loan against property?

Yes, the CIBIL score plays a vital role while availing a loan against property. The score has to be at a minimum of 650 or above to be eligible for mortgage loans.

  1. Can I pledge gold coins to avail a gold loan from Rupeek?

No, our lending partners are not accepting gold coins or bars currently. Apart from these, you can pledge any gold item that is of 18 carats and above.

  1. Who can get a loan against property in Guntur?

The specific qualifying parameters depend on the lending institution. Usually, financiers check your CIBIL score, disposable income, existing obligation, income stability, and credit history to determine whether you are eligible.

  1. Does Rupeek have a doorstep service facility?

Yes, Rupeek has a doorstep service feature to help you obtain the fund from the comfort of your home. All you need to do is to use our app or website to apply for the gold loan. And, our loan manager arrives at your doorstep with a gold appraisal kit within a few minutes to complete the entire process.

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