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Online Loan in Guntur
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Online loans in Guntur

The 11th most densely populated city in India, Guntur is a part of the Andhra Pradesh Capital Region. The city also forms a part of the Visakhapatnam-Chennai Industrial Region, one of India’s essential industrial corridors. The city has the largest chilly market yard in all of Asia, and it is also famous for its tobacco and cotton exports.

When only Andhra Pradesh is concerned, it is one of the top three most populated cities. Hence, it results in higher living costs. To manage expenses efficiently, people often resort to external financing. On can avoid the long queue and avail funds from the comfort of their house through an online loan in Guntur.

Characteristics Of Online Loans

Online loans can be of two types, secured and unsecured. These are usually less time consuming and are readily available. The main differences between a secured and unsecured loan are:

Parameters

Secured

Unsecured

Interest Rate

Usually less

Always high

Collateral

Necessary

Not Necessary

Documentation

Only a few documents, such as ID and address proof are required.

Documents like income proof and ID proof is mandatory.

Eligibility

Easy to fulfil as CIBIL score or monthly income are not taken under consideration.

One’s CIBIL score should be at least 750 and a substantial monthly income to be deemed eligible.

Loan Amount

Is based on the LTV %

Based on the monthly income of the borrower

As a secured loan is easier to avail, and its amount depends on the asset, it is a better option than an unsecured loan in most cases. However, pledging assets like property can seem substantially inconvenient for one who does not have multiple properties. Under such situations, a gold loan online is the ideal alternative. It provides the benefits of both secured and unsecured credit facilities without using an asset that will affect one’s daily life.

Unlike a property, it is reasonably simple to determine the accurate value of gold which is why lenders tend to prefer lending money against pledged gold. These benefits mentioned above can get multiplied if one decides to avail our gold-backed online loan in Guntur.

Benefits Of Online Gold Loan From Rupeek

We have modified and improved the above-mentioned benefits as well to provide our customers in Guntur the most value on their borrowing. When you opt for our short-term loan in Guntur, you get:

  • Improved LTV And Interest Rate

We charge rate of interest as low as 0.79% per month and offer up to 80% of the gold’s value as loan Now get the most out of your assets and pay substantially less interest for that. To know more about our LTV calculations, check our gold loan calculator.

  • Simplified Overdraft Facility

With our overdraft facility called Rupeek Quick, get an extended credit line and withdraw money from the sanctioned amount at your convenience. You only need to pay interest for the sum you have withdrawn, making you repayment process easier.

  • Smooth Repayment Options

Select from payment methods like interest pre-payment, single bullet payment, etc. to repay your loan or repay through EMIs. We leave this decision to our customers to choose according to their convenience.

  • Wide Range Of Loan Amount

Our credit amount starts from Rs. 15,000 and goes up to Rs. 1.5 Crores. We have kept the range this vast so that people with every type of financial need can avail our gold-backed online loan.

  • Swift Approval

After our representative visits your house, the entire process of loan approval takes at most 60 minutes. This makes our credit product ideal for people looking for an instant cash loan in Guntur.

We ensure complete ease of our customers by providing these features mentioned above. If you are searching “online loan lenders near me”, availing our gold-backed credit facility will be the right choice. At present, we are operating in numerous locations in Guntur intending to reach as many families as possible.

Rupeek’s Operational Locations In Guntur

In Guntur, you can find our representative and partnered banks in the following areas.

  • Amaravathi
  • Pedanandipadu
  • Kanna Vari Thota
  • Nallapadu
  • Velagapudi
  • Prathipadu
  • Thamma Ranga Reddy Nagar
  • Mangalagiri
  • Tadikonda
  • Pedakakani

If you are from these locations and need a quick loan in Guntur, you can enjoy our doorstep loan service. The representative will carry out all the required procedures and leave only when the approved amount is credited to your account. With our gold-backed online loan in Guntur, you get the assurance of a better future that contains no worries of loan repayment.

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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% 0.79%
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 -
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Frequently asked questions

  1. Can I get an online gold loan in Guntur for travel?

Yes, you can meet your travelling expenses and associated cost with an online gold loan since there’s no usage restriction.

  1. Does Rupeek provide for our pledged gold for an online loan?

Rupeek provides 100% insurance on your pledged gold. Should anything happen to your asset, we will compensate the amount equivalent to its current market price.

  1. How to choose the perfect online loan in Guntur?

You ought to consider factors like the rates of interest, loan amount, repayment tenure and options and weigh them against your needs and financial capacity.

  1. Who cannot apply for an online loan?

Anyone above 18 years of age can apply for an online gold loan. Individuals must possess a CIBIL score above 750 and meet the minimum monthly income criterion to be eligible for a collateral-free online loan.

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