Loan Against Property in Jaipur

Loan Against Property in Jaipur

One of the earliest planned cities in India, Jaipur is known for its magnificent forts and cultural heritage. It is presently the capital of Rajasthan and is considered to be one of the most populated cities in the country. Jaipur is home to the famous Hawa Mahal, Jal Mahal, Albert Hall Museum, Birla Mandir and Jantar Mantar.

Apart from being a beautiful tourist spot, this city is at its booming stage in terms of both industrialisation and infrastructure. However, development increases the cost of living as well, resulting in lesser savings. Thus, residents of this city can opt for secured options, like a loan against property in Jaipur to meet big-ticket and unprecedented expenses.

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A Brief About Loan Against Property Services

The following are some of the notable features of a loan against property:

  • Documentation – The documentation and verification process for a loan against property is fairly lengthy. Besides KYC documents, a person also needs to submit all documents related to the mortgaged property and their income proof.
  • High Loan Amount – As properties are costly assets, one can get a substantial amount of loan against them if they apply for mortgage loan.
  • Long Repayment Tenure – The repayment tenure is extended as well. In an average, a loan against property has a repayment tenure of 15 – 20 years.
  • Late Approval – As the loan amount is calculated through LTV, the value of the guaranteed assets must be calculated accurately. That’s why it takes at least 4-5 days for a loan against property in Jaipur to get approved.
  • Reasonable Interest Rate – The interest rate for such loans start from somewhere around 9-11% in an average.

Individuals looking for a quick loan in Jaipur might not benefit from a loan against property. Moreover, repaying a loan over a period as long as 20 years can be taxing on your finances. Moreover, even the low interest rate will also add up to a substantial amount during such a long time. If you have been searching “loan against property lender near me” recently but have second thoughts, a great alternative secured credit product would be a gold-backed loan.

Benefits With Gold Loan

A lot of the shortcomings of a loan against property can be avoided without risking anything by opting for a gold loan. Firstly, the issue of ownership documents or any other documents as such does not arise as one pledges their gold. Moreover, its value can be calculated easily and does not require any mortgage loan calculator.

Unlike a house or a plot, gold is an idle asset that one can pledge easily. Lenders also prefer providing loan against it due to its high value and liquidity. These benefits can be further improved if you make the smart decision and avail our lending service.

Advantages Offered By Rupeek

A gold loan is indeed better than availing a loan against property in Jaipur. But, when you avail our gold-backed loan, you get benefits that will improve these profits tenfold. We offer:

  • Short Repayment Tenure – You do not have to carry the burden of repaying you debts for years when you avail a gold loan from us.
  • Beneficial LTV Rates – You can enjoy a loan-to-value ratio as high as 80% and get the maximum value out of your assets. If you want to calculate the eligible loan amount, check our gold loan calculator.
  • Simple Documentation – You only need to submit our KYC documents to apply for our gold loan.
  • Multiple Repayment Schemes – We provide our customers with two types of repayment schemes. The first is EMIs and the second allows borrowers to repay the sum any way they want within the tenure.
  • Fast Approval – Unlike a loan against property, we do not take days to approve your loan but only 60 minutes.
  • Convenient overdraft facility – Our customers can avail our overdraft facility called Rupeek Quick and get an extended credit line if they want to. With this they can withdraw as much they need from their sectioned amount and the interest will be charged only on the used sum.

Further, we ensure our customer’s comfort by reaching out to them with our doorstep loan service. If you live in a location where we are operating, our representative will visit your house after you apply for a loan to sanction it and credit the loan amount in your bank. Currently, we are providing our gold loan without ITR and income proof in Jaipur in nearly all central locations.

Our Service Locations In Jaipur

The areas in Jaipur where Rupeek is operational at present are:

  • Jagatpura
  • Jhotwara
  • Ashok Nagar
  • Gandhi Nagar
  • Malviya Nagar
  • Amer
  • Shobha Nagar
  • Vaishali Nagar
  • Talwandi
  • Bani Park
  • Mansarovar
  • Vidhyadhar Nagar
  • Shastri Nagar
  • Bhankrota
  • Durgapura

While both are secured credit facilities, a gold loan differs from a loan against property in Jaipur in multiple aspects. Save yourself from a long-term burden and avail a gold loan to solve your financial emergencies instantly with Rupeek today.

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Frequently asked questions

  1. What is the lowest interest rate that one can get from Rupeek?

Our gold loan comes with an interest rate as low as 0.49% per month. Check out the repayment schemes we offer to learn more about our interest rates.

  1. What is the highest amount one can avail from Rupeek?

Our loan amount ranges from Rs. 15,000 and goes as high as Rs. 1.5 crores. We have kept this range so vast to make sure one can apply for only the amount they require without carrying the responsibility of extra money.

  1. Can I get a loan against property when it is owned by another person?

Yes, you can apply for an easy loan against property in Jaipur by pledging a property with more than one owner. However, all the concerned owners have to be the co-applicants for the loan with you.

  1. Will my gold be safe with Rupeek?

To ensure complete safety of your asset, we keep them in a military-grade vault of our partnered bank. The location is also selected not farther than 5km from your address. Besides, you can use our app to track your gold’s movement from your house to the locker in real-time.

  1. Can one pledge a commercial property for a loan against property?

Yes, one can provide their commercial property as collateral instead of their residential property. However, the rate of interest gets affected due to this minute modification.

  1. Can I apply for a Rupeek loan after banking hours?

One can apply for our credit facility whenever they are free to do so.

  1. What is the eligibility requirement for Rupeek’s gold loan?

We hope to provide our credit product to whoever is in need. Thus, we have kept our requirement straightforward. One only needs to be over 18 years old to avail our gold-backed loan.

  1. Is CIBIL score necessary for a gold loan by Rupeek?

No, CIBIL score is not necessary to be deemed eligible for a gold loan. This way, borrowers with a low score or even without any substantial credit history can avail funding.

  1. Are all types of gold articles accepted by Rupeek?

No, we do not accept gold items like coins, bars, etc., at present. We only take gold jewellery.

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