Online Loan in Chennai

Online Loan in Chennai

Located on the southern Coromandel Coast, Chennai or Madras is Tamil Nadu’s cultural as well as judicial capital. This city houses the urban Marina Beach that constitutes one of the best leisure destinations of South India. Some of the other tourist attractions of this city are Fort St. George, Government Museum, Guindy National Park, and many more. 

Due to Chennai’s rapid growth in terms of economy, education, and business, this city attracts people from all parts of the country. Thereby, the booming demography of the city also calls the need for an apt online loan to tackle their varied personal finance. 

Though different credit products come under the umbrella of online loans segment, they share some common features that you need to know to make a well-informed decision.

Features Of Online Loan

Rapid digitalisation of the Indian financial market has propelled the availability of personal finance by leaps and bounds. Today, reputed banks, as well as several fintech companies, offer online loans in Chennai. Below mentioned are a few notable features of this financing product –

  • Prompt application process 
  • Instant disbursal 
  • Less time-consuming 
  • Round the clock services 
  • Swift grievance redressal 
  • Loan tracking facility through a dedicated app. 

While getting quick loans in Chennai has become easier, the eligibility, lender set for unsecured loans remained the same. Along with that, the documentation is also not shortened for this particular loan segment. For instance, you still have to submit the following documents like 

  • ID proof: Aadhaar card, PAN card, Voter ID, driving license, etc. 
  • Address Proof: Utility bills, ration card, etc. 
  • Financial Documents: Bank account details of the last 6 months
  • Professional Documents: Salary slips, employee ID card, proof of business ownership, etc. 
  • Additional Documents: Rent agreement, Income tax documents, etc. 

Moreover, the higher interest rate of these unsecured loans makes it difficult for a lot of individuals to apply for this credit. 

However, you can rule out these obligations with the help of a simplified Rupeek online gold loan. It provides virtually all the advantages of an unsecured loan but without any of the inconveniences mentioned above.

Advantages Of Rupeek’s Online Gold Loan

Following are a few gold loan features that Rupeek offers: 

  1. Affordable 

At Rupeek, we offer gold loan solutions at competitive interest rate so that anyone can afford them. Rupeek’s interest rate starts at 0.49% per month, and you can repay the same through our relaxed gold loan schemes.

You have the option to repay the loan monthly or pay off the entire amount through a single bullet payment within the tenure. If either of those options doesn’t suit you, there is also the option of paying instalments anytime during the term.

  1. Substantial Amount 

We offer online loans of up to Rs. 1.5 crores. If you have enough gold to pledge, you are eligible for Rupeek instant online loan Chennai. Following the guidelines of RBI, we offer an LTV of up to 80%. If you want to estimate how much loan amount you can get, you should utilise our gold loan, online calculator. It will show the loan value almost accurately once you enter the details of the gold jewellery you want to pledge. 

Using the funds, you can, thus, facilitate any high-end expenses with greater ease. Since Rupeek online gold loan in Chennai does not impose any restriction on end-usage, you can use the funds for any purposes, including:

  • Addressing month end’s cash crunch
  • Financing emergency medical emergencies 
  • Funding higher studies abroad
  • Gathering capital for business
  • Funding luxury trips 

Irrespective of the reason, you can apply for this instant loan in Chennai without income proof

  1. Consumer-friendly Services 

What makes Rupeek different from other lenders is our doorstep service. You don’t have to visit the lender’s office physically to get online cash loans Chennai, thanks to our ‘on-demand’ doorstep services. 

Once you apply for a Rupeek gold loan, our representative will contact you soon after. They will ask for an appointment, and within 30 minutes, our loan manager will visit your home with Rupeek loan kit. After the gold appraisal is done, you have to show the KYC documents for verification. Our loan disbursal team will then declare the loan amount you are eligible for, and the loan will be disbursed before the loan manager leaves the place with the gold items. Therefore, with Rupeek, you can avail an instant online gold loan at your doorstep

The entire process is wrapped up within approximately 60 minutes. Thus, if you are looking for an instant cash loan in 1 hour in Chennai, Rupeek is the solution for you. 

  1. Credit Line Facility

Our overdraft facility against gold is another feature that makes us stand out from other lenders. Popularly, called as Rupeek Quick, this particular facility is available to current Rupeek borrowers. With the help of this facility, you can draw additional funds whenever you want. 

Since derived on an existing loan, you can get your hands on this instant loan without documents. It further provides scope for borrowers to lower their interest payment as we charge interest only on the amount withdrawn. 

Moreover, after evaluating the gold, we disburse the loan amount directly to your wallet that you can use to mitigate any short-term financial needs. 

  1. Savings On Loan Refinancing 

In case you are paying higher interest for your existing gold loan, you can opt for a loan transfer and choose Rupeek for this purpose. It will not only lower the interest payable but also allow you to reap other Rupeek-exclusive benefits. You can save up to Rs.12,377/lakh on interest by choosing Rupeek gold loan. 

  1. Secure And Safe 

When it comes to gold security, Rupeek comes first as we use the industry-best technology and methods to ensure the safety of pledged gold articles. The loan manager carries the ledged gold from you in a GPS-traceable bag and then deposits those to the nearest bank’s vault. We have our eminent partner branch in every 3 km, covering 20 cities. 

Moreover, to safeguard the personal details of Rupeek customers, we also use 256 bit-encryption and other advanced technology to ascertain complete cyber threat mitigation.

To make this fast loan in Chennai available instantly, Rupeek extends services at all major locations across the city. You can refer to the list below to know more. 

Location List For Rupeek Chennai

You can apply for a Rupeek doorstep loan from anywhere among the following areas in Chennai. All you have to do is voice search for ‘Rupeek online loan agents near me’ to get the results immediately.

  1. Nungabakkam
  2. Koyambedu
  3. Tiruvanmiyur
  4. Triplicane
  5. Velacheri
  6. Mylapore
  7. Porur
  8. Anna nagar
  9. Valasaravakkam
  10. Vadapalani
  11. Tiruvottiyur
  12. Maduravoyal
  13. Kodambakkam
  14. Perambur

Ergo, if you are in the hunt for an immediate cash loan in Chennai, Rupeek could be your perfect financial partner. By relying on our services, you can sail through any financial difficulties. Moreover, our doorstep services will allow you to experience a hassle-free loan process. 

Apply for a Rupeek gold loan and manage your finances like an expert!

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Benefits of Gold Loan over online loans.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters Other online loans Online Gold loan
Interest Rate 2.39% 0.49%
Monthly Interest Amount
Eligibility & Documentation More Documents Needed Only KYC Needed
Processing Time & Disbursement 2 days to 1 week Within a day
Required Gold Weight -
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Frequently asked questions

  1. How to choose an online loan in Chennai?

Firstly, you need to determine which kind of loan you want to get. Then compare the lenders for better interest rate and other terms and conditions. You should also consider the additional charges that come especially with an unsecured gold loan. 

  1. What gold articles do I need to pledge to get Rupeek online loan?

We accept gold jewellery of quality equal to or above 18 carats to approve Rupeek online loan. 

  1. How to repay Rupeek online loan?

You need to log in to your Rupeek account by entering your registered mobile number. Then authenticate yourself with OTP and open the tab ‘Repay the Loan’. Then follow the instructions to complete the process online. 

  1. What documents do I need to get Rupeek online gold loan?

You have to present KYC documents and rent agreement or utility bills to be eligible for Rupeek credit. 

  1. Can I get a referral bonus from Rupeek online loan?

Yes, you will get a referral bonus from Rupeek by referring us to your friends and relatives. 

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