close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Online Loan in Faridabad
online-loan-in-Faridabad

Online loans in Faridabad

Bordering the capital of New Delhi, Faridabad is the most populous city of Haryana. The city was founded during the Mughal rule and is now widely famous for Baba Farid’s Tomb, Raja Nahar Singh Fort, Dhauj Lake, and Badhkal Lake, among others.

One of the largest satellite cities of Delhi, Faridabad serves as the industrial capital of Haryana. The development of Greater Faridabad stands testimony to the ever-increasing industrial and residential growth in this city. To align with the modern and fast-pacing lifestyle in Faridabad, individuals can opt for financial products like an online loan to meet various personal expenses.

Purpose of Availing Online Loan In Faridabad

Individuals can avail online loans to meet various personal needs. Such as,

  • Relocate in Faridabad/ Greater Faridabad.
  • Purchase household appliances, gadgets
  • Address medical emergencies
  • Meet lavish vacation costs
  • Fund children’s higher education
  • Cover wedding expenses
  • Consolidate debt

Online Personal Loan Eligibility

The eligibility criteria for availing online fast loan in Faridabad for personal purposes vary from bank to bank as well as depends on the loan type.

The general eligibility-checks for unsecured online loans include age, income level, credit score, and repayment capacity. Also, for both salaried and self-employed individuals, online lenders verify the current employment/business status and income stability.

These checks are less stringent if it’s a secured online loan since lenders assume a lower risk in this case.

Online Personal Loan Documentation

An eligible online loan applicant must provide certain documents, including identity and address proof, photographs. Apart from these documents, salaried individuals are required to provide salary slip, bank account statement and/or Form 16 to avail an unsecured online loan.

On the other hand, self-employed individuals need to submit previous year’s ITR, P&L Statement and Balance sheet, bank account statement for an unsecured loan.

However, it’s also necessary to learn of the basic downsides of an online loan before applying for one.

Shortcomings Of Online Loans

Quick online loans in Faridabad without any collateral often entail high interest rates. Individuals with a low disposable income may find it difficult to service such a loan. Moreover, stringent requirements like 750+ CIBIL score, credit utilisation ratio below 30%, etc. make an unsecured loan inaccessible to scores of individuals.

However, applicants can enjoy the benefits like high quantum, quick processing, relaxed criteria, and low cost of borrowing with a gold-backed online loan.

Secured Online Gold Loans As An Alternative To Unsecured Online Loans

The secured online gold loan has multitudinous benefits. Here are the differences between these two loan types for better understanding.

Pointers

Other Unsecured Online Loans

Secured Online Gold Loans

Eligibility Criteria

Stringent

Relaxed

Documentation

Extensive

Simple

CIBIL Score

750 or above

Not required

Interest Rate

Higher

Lower

Processing Time

1-2 business days

Only a few hours

However, these are only the essential advantages of an online gold loan. Individuals looking for even better terms on their loan and 100% transparent processing can opt for Rupeek.

Merits of Rupeek’s Online Gold Loan

Prospective borrowers are assured of getting the following advantages from us.

  • Doorstep Quick Disbursal

Unlike other unsecured online loans that take 1-2 days to get disbursed, we offer quick financing up to Rs. 1.5 crores. Individuals need not upload multiple documents as we provide doorstep instant gold loan services. Our gold loan executive reaches the client’s preferred location for all the formalities, and the amount gets disbursed instantly post that. 

  • Minimised Interest Rate

Opposed to other unsecured online loans, we offer online gold loans at monthly interest rates starting from 0.79%. With such a low interest rate, individuals can handle the repayment efficiently.

  • Repay Loan Flexibly

Borrowers can pay instalments any time during the tenure or choose to settle the payable amount via EMIs. Unlike with other online loans, borrowers need not go by the EMI structure if it doesn’t suit their convenience, with us.

  • Gold Overdraft Facility

Borrowers who frequently require external financing can opt for Rupeek Quick, our overdraft facility against gold. It enables borrowers to transfer cash from the sanctioned limit any time as per their requirement and only pay interest on that expended amount.

Moreover, proximity to applicants has never been an issue as we are available in all the primary locations in Faridabad.

Rupeek’s Presence In Faridabad

Get the doorstep instant cash loan in Faridabad from Rupeek at the following locations.

  • Faridabad new industrial Town
  • Faridabad Sector 3
  • Faridabad Sector 7
  • Faridabad Sector 8
  • Faridabad Sector 9
  • Faridabad Sector 15
  • Faridabad Sector 16
  • Faridabad Sector 29
  • Faridabad Sector 48
  • Greater Faridabad
  • Jawahar Colony
  • Ballabgarh

Conclude your search for ‘an online loan against loan provider near me’ with Rupeek. Click apply now to enjoy the best deals on online gold loans!

Rupeek ad
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% 0.79%
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 -
Rupeek ad

Frequently asked questions

  1. What points should I consider while applying for online gold loans?

You should consider the loan-to-value ratio, additional fees, interest rate, the safety of the gold, and repayment schemes before applying for online gold loans.

  1. Can I get Rs. 50000 online loan?

It depends on whether you satisfy the eligibility criteria of the lending institution. You can use a loan eligibility calculator to that end.

  1. How can I get an instant loan in Faridabad without documents?

Usually, you need to submit at least KYC documents to avail an online loan if you’re borrowing from a financial institution for the first time. If you’re an existing customer, documents might not be necessary. You can avail our overdraft facility without submitting any document.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly