Located on the western bank of the Hooghly River, Howrah is one of the busiest cities of West Bengal. Often termed as Sheffield of the East, the city accounts for certain flavour and grandeur of Bengal with major attraction points all around. From the soothing environment of The Botanical Gardens, Belur Math, and Andul Rajbari to the hustle and bustle of Howrah Bridge, this metropolitan city has a lot to offer.
The city’s proximity to Kolkata has led to improved standards of living in recent years. Thus, individuals struggling to keep up with this surge and meet large-scale expenses can consider a loan against property in Howrah.
Since it involves pledging collateral to avail the fund, it automatically comes with better features than most other traditional borrowing options.
Following are some characteristics you can find with a loan against property services:
Despite several useful features, a home mortgage loan Howrah can come as an inconvenient option at times due to its certain drawbacks. Some of the major limitations include excessive document requirements and strict eligibility criteria.
Approval of a loan against property takes at least 4 – 5 days, making it ill-suited for meeting urgent expenses. Plus, an extended tenure proves counterintuitive if one is looking to save on repayments. That’s because interest charge multiplies with a prolonged period.
In order to avoid these issues, people can turn to a gold loan, which comes equipped with similar benefits and utilities but sans the shortcomings.
Take a look at how a gold loan differs from a loan against property and what makes the former more beneficial.
Even though both LAP and gold loans follow the easy method of providing a sum against your collateral, these apparent shortcomings of the former restrict borrowers to avail it during financial emergencies.
Now, while searching ‘gold loan provider near me’, you might come across Rupeek’s online portal, which gives you an opportunity to maximise these benefits with some additional facilities.
Following are some compelling features you will get by using Rupeek’s services:
Rupeek provides the highest LTV (up to 80%), which allows the borrowers to obtain a substantial amount to support their financial needs. One can also use our gold loan calculator to check the exact amount they will be receiving against the gold.
Rupeek ensures quick disbursal of the loan so that individuals can utilise it for emergency purposes. With simple documentation, gold evaluation, and sanctioning loan procedure, borrowers can get their funds in merely 45-60 minutes.
Our doorstep service feature enables borrowers to get rid of the lengthy manual procedure of availing a loan. The feature includes sending our loan manager to the borrower’s residence with a gold appraisal kit to evaluate the gold and sanction the fund accordingly.
Rupeek’s gold overdraft facility called Rupeek Quick, allows the borrowers to withdraw the fund whenever they want. In that case, the interest rate only applies to the used sum, not the total sanctioned amount.
In order to utilise these benefits, individuals looking for an instant mortgage loan Howrah can rather opt for a gold loan from Rupeek to manage their finance better.
We have extended our services to various locations so that borrowers can make use of these compelling benefits and mitigate their financial burden easily. Following are the locations in Howrah where our doorstep services are available:
Although both a gold loan and a loan against property in Howrah are compelling secured financing options, the former offers more convenience in terms of disbursal and documentation.
Moreover, by opting for our gold loan, individuals can enjoy industry-first benefits such as doorstep service, 100% gold insurance, etc.
So, apply for a gold loan today with us and ward off your financial worries
We do not check your credit score to sanction a gold loan. Merely ensure your KYC documents are in order.
You must have a 650+ CIBIL score to be eligible for a loan against property.
Lenders determine whether you are eligible for a loan against property in Howrah based on your age, income scale and stability, credit score and history.
Unfortunately, our lending partners do not accept gold coins or bars presently. Any gold jewellery that is of 18 carats and above is admissible.
Your request has been received, our customer relationship manager has been notified and will call you shortly