Known as the ‘Pink City’, the capital of Rajasthan is a famous tourist destination, not only in India but all over the world. In 2019, UNESCO included Jaipur in its World Heritage Site list, and it forms the famous golden triangle with Agra and Delhi.
Tourism and related businesses drive the economy of this city, and they have flourished over the years. Besides, gem cutting, jewellery manufacturing, textile are some of the prominent sectors of Jaipur.
The economic development of Jaipur has resulted in a steep rise in its living costs. Individuals in Jaipur looking to meet big-ticket or unbudgeted expenditures can opt for an online loan. It allows individuals to address a range of expenses without queuing up in banks.
Here are some common usages of an online loan in Jaipur –
Instant online loans in Jaipur have two categories, secured and unsecured. The former require collateral to avail while the latter does not. Even though an unsecured one may not require any collateral, it has strict eligibility norms associated with it. Here is a side-by-side comparison for a better idea –
Point of Difference |
Secured Loan |
Unsecured Loan |
Collateral |
Required |
Not Required |
Rate of Interest |
Comparatively Low |
Comparatively High |
Eligibility Criteria |
Ownership documents of collateral. No credit score required. |
750+ credit score, minimum monthly income above Rs. 25000, etc. |
Processing time |
Depending on the collateral, it can take somewhere between 1 hour to a few days. |
Approximately 1 – 2 days |
Loan amount |
Based on LTV and monthly income |
Depends on the borrower’s eligibility |
Individuals who cannot comply with such strict eligibility criteria of unsecured online loan can alternatively opt for a secured online loan. Among the difference sub-types of secured loans, borrowers can choose gold loans, for better terms and customer-friendly benefits.
Here are some prominent features of gold loans in Jaipur –
These features make gold loans a preferable option among the other sub-types of an online loan. Besides these, Rupeek also offers several additional features like doorstep services, highest LTV, and many others.
One of the well-known gold loan providers on India, Rupeek focuses on maximising customer experience with a host of features. Here is a list –
The loan interest rates charged by us starts from as low as 0.49% per month. It makes interest repayments more reasonable.
To make the interest payments more convenient, we have introduced several plans. Borrowers can pay regular EMIs or any amount any time within the tenure to settle the due.
We offer one of the highest per-gram rates in this segment that allow our customers to avail more funds against their pledged gold. You can use the gold loan calculator to check the amount you can avail.
Borrowers can avail an instant cash loan in 1 hour in Jaipur of up to Rs. 1.5 crores with Rupeek. We only require KYC documents and address proof to process the loan.
We, at Rupeek, offer a gold overdraft facility that aims to offer instant access to funds. Known as Rupeek Quick, it allows our existing customers to pledge more gold and gain access to a credit line.
One can avail funds as per their will from the credit line and are liable to pay interest only on the amount they withdraw.
We also offer a convenient loan transfer facility that allows you to save up to Rs.12,377 per lakh on repayments. Moreover, the process is straightforward. Share the current pledge card with our representatives, and they will help you through this process.
Get an instant online gold loan at your doorstep. Once you place a request at our online portal, our representatives will reach your doorstep within 30 minutes for loan processing.
This is possible owing to our presence in all the prominent areas of Jaipur.
An online loan presents a great alternative to liquidating savings for meeting any financial need that one may have. Moreover, borrowers who opt for a gold loan get to enjoy better loan terms, and with Rupeek they can further maximise their borrowing experience.
Instead of searching for ‘MSME loan provider near me’, get in touch with Rupeek for a fast, fair and flexible solution.
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 | - |
Visit Rupeek’s website to apply online. Our company representative will get in touch with you for further processing. After successful completion of that, our loan manager will visit your address and authenticate the KYC documents and evaluate the gold ornaments. You will receive funds instantly after that.
A personal loan is a financial product that can aid you to manage any financial requirements, be it planned or unplanned. Typically, personal loans are unsecured; thus, they have stringent eligibility criteria and high interest rates. Alternatively, you can avail a gold loan to enjoy similar benefits against more favourable loan terms.
LTV or Loan-To-Value ratio represents the amount that one can avail against the collateral he/she provides. With the help of this ratio, lenders assess the risk of lending, and it changes from one financial product to another. With Rupeek’s gold loan, this ratio can go as high as 80%.
Rupeek only accepts gold ornaments for online loans.
Yes, Rupeek offers a part-release option for online loans. However, the jewellery released must not weigh less than 10 grams.
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