Online Loan in Hyderabad

Online Loan in Hyderabad

Located on the Munsi River, Telangana’s most distinguished city, Hyderabad, is blended with both regal history and contemporary elements. With epic tourist places like Golkonda Fort, Ramoji Film City, Salar Jung Museum, Char Minar, and Chilkur Visa Balaji Temple, the city is a heaven for architecture lovers.

According to the reports, this old city got the second position among all the metropolitan cities in India with an 8.47% GDP growth in 2019. With a massive tourist footfall throughout the year and several project developments by the Telangana Government, Hyderabad has acquired a notable economic presence among other cities.

It has also led to jacked-up living costs. That’s why several Hyderabadis and migrant-residents of the city often resort to financing options, like an online loan to address unprecedented costs. But, before availing one, there are certain essential aspects about the loan individuals should pay heed to.

What Purpose Does An Online Loan Serve?

Over the years, India has witnessed several technological developments from digitalisation of all government records to introducing new online financial schemes to make the process hassle-free. These improvements have given rise to more online portals and mobile applications to save customers from lengthy manual procedures. Even an online loan service was initiated with the same objective, and it possesses some interesting features.

  • No End-use Restriction: A key advantage of choosing an online loan is its restriction-free usage where borrowers can make use of the fund to fulfil any urgent financial requirement.
  • Less Processing Time: Individuals looking for an instant cash loan in Hyderabad can go for this financial service since the loan processing time takes merely 1-2 working days. Thus, it becomes a reliable option for any kind of emergencies.
  • Repayment Flexibility: With these cash loans in Hyderabad, individuals get the opportunity of choosing suitable repayment terms. Lenders usually offer repayment tenures of 1 – 5 years for unsecured loans and up to 12 months for secured facilities, like a gold loan.

With these advantageous features and hassle-free procedure, opting for an online loan in Hyderabad seems like an ideal choice. However, there are a few more characteristics it possesses that individuals should be aware of.

An online loan generally has two types, secured and unsecured loan. The first involves submitting collateral in exchange for the fund and the second one remains collateral-free.

Even though unsecured loans seem convenient since you are not required to pledge valuables, these loans also come with certain shortcomings. Two of the major limitations remain the stringent eligibility criteria and sky-scraping interest rates. Apart from that, the documentation process tends to get quite lengthy at times.

Therefore, as an alternative, individuals should consider opting for an online gold loan, which comes with attractive benefits, like fast approval, moderate interest rates and so on.

Why Online Gold Loan Instead Of Other Online Loans?

As a non-consumable asset, gold possesses higher value than others, and that is why you can easily obtain a large sum in exchange. When it comes to an online gold loan, the process automatically becomes easier with various customer-friendly features, such as:

  • Since you are pledging your gold items to avail the loans, the overall cost automatically gets reduced.
  • Only a couple of documents are required to avail this.
  • While the loan tenure for other online cash loans Hyderabad is often dragged-out, online gold loans can be availed for a shorter period depending on the credit amount. This feature allows the borrowers to quickly repay the dues and get rid of the financial burden.

The secured nature of gold loan enables the borrowers to rely on it during emergency situations. Therefore, by availing gold-backed immediate cash loan in Hyderabad, one can overcome the liquidity crisis. One may come across Rupeek while searching ‘online gold loan provider near me’. We provide several financial services that surpass all the benefits of an online gold loan.

Reasons To Opt for Rupeek’s Financial Services

Here are some exemplary benefits you can get by choosing gold loan online at Rupeek:

  • Highest LTV

The loan-to-value ratio is one of the most important factors when it comes to availing a gold loan since it decides how much you will be receiving against the collateral. The LTV offered by Rupeek is up to 80%, which makes the loan amount pretty sizable.

In order to help the customers check the loan amount beforehand or required gold in grams, we have our gold loan calculator as well.

  • Convenient Repayment

Due to its secured nature, the interest rate for these loans gets reduced automatically. And with Rupeek, it comes with more flexibility. The starting interest rate is 0.49% per month which helps the borrowers looking for a gold-backed quick loan in Hyderabad manage the loan and handle other liabilities better. Plus, our tailor-made repayment schemes allow borrowers to service a loan with more ease.

  • Quick Disbursal

Our gold loan services help the borrowers to get the fund instantly. From submitting the application to getting the loan sanctioned along with KYC verification, the entire process gets completed within 30-45 minutes. Therefore, for the borrowers seeking instant cash loan in 1 hour in Hyderabad, Rupeek’s facility comes as an ideal option due to its quick disbursal feature.

  • Doorstep Services

One of Rupeek’s significant features includes the instant doorstep gold loan service that enables customers to get through the loan sanctioning process from the comfort of their home. Upon receiving the loan application, our loan manager visits the borrower’s residence with a gold appraisal kit. This way, customers can expect more security and a hassle-free experience while availing the gold loan.

  • Gold Overdraft Facility

We have also come up with another facility called Rupeek Quick, which allows the borrowers to fulfil frequent cash requirements by repledging more gold items. Additionally, with this facility, individuals do not have to worry about the climbing interest rates as it only gets imposed on the used sum, not the total credit amount.

Availing an online loan is the most convenient option for borrowers to fulfil their financial requirements without dealing with the lengthy manual procedure. However, choosing between a secured and unsecured loan option becomes mandatory in order to avoid additional expenses. Rupeek makes sure that borrowers looking for a gold-backed online loan in Hyderabad can benefit from its schemes without imposing additional liabilities on borrowers.

Our Services Available In Hyderabad

Individuals can find an instant solution with Rupeek’s convenient services available at the following places:

  • Secunderabad
  • Golconda
  • Jubilee Hills
  • Vikarabad
  • Begumpet
  • Falaknuma
  • Banjara Hills
  • Chandanagar
  • Khairatabad
  • Balnagar
  • Kukatpally
  • Himayat Sagar
  • Miyapur
  • Begum Bazar
  • Bowenpally
  • Ghatkesar
  • Amberpet
  • Himayathnagar
  • Tarnaka
  • Erragadda
  • Somajiguda
  • Yousufguda
  • Shamirpet
  • Sanjeev Reddy Nagar
  • Musheerabad
  • Sainikpuri
  • Bahadurpura
  • Film Nagar
  • Alwal
  • Gandhinagar

With the latest technological developments, finding a solution to every problem has become easier, and the same thing goes for financial services. With a bunch of compelling features of Rupeek’s online loan, individuals can smoothly handle all the personal expenses.

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Benefits of Gold Loan over online loans.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
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  • 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 is the interest rate calculated for online loans with Rupeek?

The interest rate on gold loans gets calculated by the lending institution. Interest rates usually vary since different lenders levy different interest rates. Check

  1. How to apply for an online loan from Rupeek?

Request a loan through our app or website. You can also give us a call to get the details. Once completed, your gold will be evaluated at your home, along with the KYC process. After checking the purity of your gold, a loan amount will be sanctioned and transferred to your account within a few minutes.

  1. Is there any partial repayment option for Rupeek’s online gold loan?

Yes, we offer a partial repayment option for borrowers who are unable to pay the entire amount altogether. In the case of partial repayment, the amount ranges between the monthly interest and any amount less than the total due amount.

  1. How do I repledge my existing online gold loan?

In order to go through the process of repledging more gold items to continue an existing loan, you can contact our customer support team, who explain the process to you.

  1. How long will it take to get my online gold loan sanctioned with Rupeek?

Rupeek follow an easy and quick disbursal process to help the borrowers during financial emergencies. When you apply for an online gold loan with Rupeek, you can expect instant loan disbursal once the loan agreement is signed and the KYC documents are verified. And this entire process gets completed within 30 minutes.

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