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Located in the Tondaimandalam region of Tamil Nadu, Kanchipuram or Kanchi is a picturesque temple city. The two most recognised temples situated in this city are the Vaikunta Perumal Temple and the Kailashnathar Temple. At present, the primary income of this city comes from Agriculture and handloom sarees made by the craftsmen of Kanchipuram.
There are several expenses that a person in Kanchipuram needs to meet from time to time besides the recurring monthly costs. It can be renovating an ancestral home or meet a child’s higher education costs. Individuals can resort to an online loan in Kanchipuram to that end.
One of the most impressive aspects of an online loan is the wide variety of options. Online lenders, NBFCs and even traditional banks have their online segments for providing personal finances to consumers. An online loan can be both secured, and unsecured depending upon the lender. And its specifications can differ in the following aspects.
Unsecured |
Secured |
|
Interest Rate |
Tends to be higher |
Is usually lower |
Eligibility |
Stringent checks of credit score and minimum monthly income |
Relaxed |
Documents |
The applicant needs to submit OVDs for KYC, salary slips, bank account statements, or ITR |
Only KYC documents are required. |
Loan Amount |
Is based on the borrower’s monthly income |
Is based on the LTV% provided by the lender |
Collateral |
Is not involved |
Should be provided |
Approval time |
Takes 1-2 days at most |
Takes only a few hours if it’s gold loan |
Besides prompt disbursal, an online gold loan in Kanchipuram proffers several other benefits to borrowers.
A gold-backed loan can be highly advantageous as it lets you utilise your idle asset to get a substantially high loan amount. It is very easy to figure the value of gold, and it can be liquidated conveniently. Thus, among other types of assets, lenders prefer to take gold as collateral. This further increases your chance of landing on a tremendously profitable borrowing deal given the vast amount of lenders offering such loans.
You can keep looking for an ‘online loan near me’, or directly come to us and avail added benefits on our gold loan online.
At Rupeek, we aim to provide our credit services to as many people as we can. And we have understood that with extensive documentation and eligibility it will not be possible. Thus, we offer our gold-backed online loan to anyone who is older than 18 years and provides their KYC documents. Besides simple documentation, you get:
We offer instant online loan in Kanchipuram that only takes 60 minutes at most, to get approved.
Get the most out of your precious gold’s value with our highest per gram rate. You can check the loan amount you can take out against your gold with our gold loan calculator.
With our instant loan in Kanchipuram without income proof, you can get funds at rates of interest as low as 0.79%.
One can avail a loan of up to Rs.1.5 crores from us, and our range starts from Rs. 15,000. This vast range helps us to serve every type of needs, be it for a business or to buy a certain device.
When someone applies for our gold-backed online loan in Kanchipuram, they are also signing up for our doorstep loan service. Here our representative visits the customer’s house and does all the needed procedures there. We also provide you with two different types of repayment schemes to provide ultimate convenience to our customers. Currently, we are present in all the major localities of Kanchipuram and have partnered with numerous banks in the city.
You can avail our online cash loans if you are a resident of the following locations in Kanchipuram.
When you avail a gold-backed online loan, you are keeping your other non-stagnant assets from being exhausted. We provide 100% insurance on your gold to ensure that you do not have to worry about its safety. So, if you need any kind of financial aid, download our app and opt for our gold loan online.
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 | - |
We keep our customer’s pledged gold in a military-grade vault, ensuring utmost safety. The location of the bank is at most 5 km away from your home, ensuring that your precious asset is not far away from you.
Yes, anyone who is older than 18 years is eligible to apply for our gold-backed instant loan in Kanchipuram.
No, currently we only accept gold jewellery for our gold-backed online loan. Our lending partners in Kanchipuram do not accept any other gold items.
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