Loan Against Property in Rajkot

Loan Against Property in Rajkot

The centre of Saurashtra, Rajkot is one of the largest cities in Gujarat. This metropolitan city is the second cleanest city in India and the 22nd fastest growing in terms of industrialisation. While the city is known for being the home of several eminent entities, its pride lies in being the home town of Mahatma Gandhi.

Rajkot has witnessed significant growth over the past few years. These developments increase the value of properties around it as well. In such situations, opting for a loan against property in Rajkot can be highly beneficial to meet an array of expenses.

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Features of a Loan Against Property

Banks and NBFCs offer this credit against residential and commercial real estates. It comes with no spending restriction, meaning borrowers are free to use it anyway they want. Besides, loan against property interest rate is generally lower compared to unsecured variants. But, one needs to present numerous documents, and the processing time is prolonged in this case.

Other secured products can be a better alternative. One such great choice is a gold loan. It is a highly beneficial secured loan yet differ in a lot of aspects with a loan against property in Rajkot.

Difference Between Gold Loan And A Loan Against Property

When these two credit products are compared side by side, the following differences can be seen:


Gold Loan


At least 4-5 days.

The loan is approved within a day.

Loan Amount

Depends on the property’s current market value and LTV; the determination process is time-consuming.

Depends on gold’s current market price and LTV; the universal value of gold makes the process faster.


Documents related to the property and the applicant, such as ownership documents and OVDs for KYC

Only KYC documents are required.

Repayment Tenure

The average repayment tenure ranges from 15-20 years.

It is considerably short, mostly for 12 months.

Asset type

Non-idle asset if the property in concern is commercial.

Mostly an idle asset.

Form these differences, it is clear that a quick loan against property Rajkot is hardly possible. Moreover, a property-backed loan will bound a borrower for almost two decades. Here gold loan is a smarter option because it is not a long-term commitment. Plus, pledging gold is safer than pledging a property.

As gold can be easily liquidated, it is more accessible than a loan against property as well. These benefits can be multiplied if one chooses to avail our gold loan in Rajkot.

Benefits That Rupeek Offers

Currently, we offer our customers:

  • Straightforward Repayment Facilities – We offer two repayment schemes to choose from. Pay monthly EMIs if you feel comfortable with that or pay using methods like interest pre-payment, single bullet payment etc.
  • Quick Approval – Gold loans are already faster in terms of approval than a loan against property. We have made it even faster, and your loan will get approved within 60 minutes.
  • Beneficial Overdraft Facility – Withdraw as much as you want from the sanctioned amount and pay interest only on that. This is possible if you avail our overdraft facility called Rupeek Quick and get an extended credit line.
  • 79% Interest Rate – A loan against property lowest interest rate is about 9% per year. But when you avail our gold loan, you can service a loan at a monthly interest rate as low as 0.49%.

So instead of searching for ‘loan against property providers near me’, it may be wise to consider a gold loan. Get our doorstep loan today from your home’s comfort in Rajkot in just 30 minutes owing to our vast service network.

Our Service Locations In Rajkot

We have partnered with numerous banks in the city and have our operations located in all of its significant places. If you reside in any of the following areas, you can opt for our gold loan without ITR and income proof in Rajkot.

  • Rajkot Metoda Gidc
  • Gondal
  • Rajkot Marketing Yard
  • Virnagar
  • Mota Mava
  • Sapar Veraval
  • Sardhar
  • Rajkot Raiya Road
  • Dhebarbhai Road
  • Wankaner
  • Paddhari

You may not waste your time in arranging documents and waiting for the approval of a loan against property in Rajkot. If you wish to borrow an amount as high as Rs. 1.5 crores but cannot wait for even a day then our gold loan is ideal for you. Avail our hassle-free short-term gold loan instead and save yourself from decades of repayment responsibilities.

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Frequently asked questions

  1. How much LTV does Rupeek provide to their customers?

Our customers can get a loan-to-value as high as 80% against their pledged gold.

  1. Where will Rupeek keep my pledged gold?

We have partnered banks in every locality that we operate in. When you hand over your gold to our representative, they take it to one of the partnered banks that is at most at a distance of 5Km from your house. The gold is then kept inside the bank’s military-grade vault for the entire loan tenure. So, you can trust us with the safety of your gold without any worry.

  1. Does Rupeek allow the part release of the pledged gold?

Yes, our customers can part release their pledged gold items. However, the gold article has to be approximately 10 gm or above in weight. To further know about the procedure, please contact our customer support team.

  1. How much loan can I get against a let-out flat in Rajkot?

The amount depends on the applicable LTV, locality and proximity to notable locations, as well as your repayment capacity.

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