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

Kochi
Online Loan in Kochi
online-loan-in-Kochi

Online loans in Kochi

Widely known as the “Queen of the Arabian Sea”, Kochi boasts of the greatest amount of domestic and international tourist influx in Kerala. Besides housing attractions like Hill Palace, Fort Kochi, Queen’s Way, and Marine Drive, Kochi is the commercial, financial, and industrial capital of the state, and makes up for most of its urban population. With construction, trade, and tourism industries contributing to its high GDP, more individuals seek online loan in Kochi to keep up with escalating living costs.

Why Do People Opt For Online Loan In Kochi?

Gone are the days of conventional loans when individuals had to run to and from personal loan provider in Kochi for days to get funds approved. Online loans have become an increasingly popular mode of borrowing money among millennials, due to their instant availability and flexible end-use. This is why even traditional lending institutions have turned to the online space to provide both secured and unsecured versions of this financial product.

Following is a list of some of the striking features of online loan to help you understand why more individuals are benefitting from it.

  • Online lenders provide 24x7 services to help address any emergency that might arise.
  • Individuals can apply for and avail online cash loans anytime from anywhere at their convenience.
  • They can easily compare the policies of several lending institutions and accordingly make an informed decision.
  • Keeping track of all activities like application progress and due instalments is made easy through an online account.

Although instant online loan Kochi comes with such an array of advantages, depending on their nature of being secured or unsecured, there can be elaborate requirements leading up to its approval.

Who Can Opt For An Online Loan?

Banks and NBFCs provide instant cash loan in Kochi under two categories – secured and unsecured. While each comes with the benefits of their own, the eligibility criteria associated with each is strikingly different. Refer to the following table for a detailed understanding of each.

Eligibility Parameters

Secured Loan

Unsecured Loan

Age

Must be 18 years and above

Must be within 21 and 65 years

CIBIL Score

Not required

Should not be below 750

Collateral

Gold or real estate property

Not required

Documents Required

- Identity proof

- Address proof

- Income proof (for LAP)

- Original proof of property ownership (if LAP)

- Identity proof

- Address proof

- ITR documents

- Bank account statements

- Salary slips in case of a salaried individual

- Business ownership proof and profit and loss statements in case of a self-employed individual

Although unsecured online loan in Kochi comes with the greatest advantage of being collateral-free, banks and NBFCs are extra cautious about an applicant’s eligibility in order to make up for the lack of security. In addition to such rigid eligibility criteria and elaborate documentation, unsecured loans also come with a remarkably long tenure of 60 months or 5 months, and high interest rates ranging from 12% to 36% per annum, which can deter a lot of individuals with a low credit score or poor financial background from availing credit.

In such circumstances, secured loans come to the rescue to avoid the negative domino effect due to lack of funds. Now, even with secured online loans such as a mortgage or home loans, applicants are required to produce several documents. This is why individuals looking for an instant loan without documents of property ownership can benefit from gold loan more than any other online loan.

Rupeek Fintech aims to address all ‘online loan provider near me’ searches, regardless of applicants’ financial background with an array of schemes to choose from. Plus, it comes with an easy online loan application process and relaxed eligibility criteria, which makes it an ideal borrowing option.

How Is Rupeek Gold Loan A Perfect Alternative To Other Online Loans?

Once you have decided to opt for a gold loan in Kochi from Rupeek, it is important to be aware of the several benefits this RBI-certified organisation offers, to help you make an informed decision.

  • Lowest Rates Of Interest

Compared to other personal loan providers in Kochi, Rupeek offers the lowest online loan interest rates starting from 0.79% per month. This remarkably reduces the cost of borrowing, which in turn helps individuals use the saved money for further investments.

  • Doorstep Loan

Upon a successful application, avail instant doorstep service at your convenience. Get verification and loan appraisal done from the comfort of your home, thus saving yourself the risk of travelling outdoors with valuables.

  • Highest Loan-to-Value Ratio

Avail up to 80% of your gold’s value with Rupeek’s highest per gram rate. We maintain 100% transparency with an online gold loan calculator that lets borrowers get an estimate of the loan amount available against their ornaments.

  • Convenient Repayment

Rupeek offers flexible repayment Kochi with the options for borrowers to pay in regular monthly EMIs or pay any amount at any time during the tenure, including single bullet payments.

  • Gold Overdraft Loan Facility

Rupeek offers extended credit line against gold, titled Rupeek Quick, which lets existing borrowers avail instant funds in their in-app wallet by pledging some additional gold items. This facility is especially beneficial for borrowers looking for a short-term loan in Kochi since they only need to pay interest on the borrowed amount, which brings down the cost of borrowing remarkably.

Individuals can now avail these benefits of Rupeek gold loan from anywhere in India, including Kochi.

Localities You Can avail Rupeek’s Services In Kochi

Following is a list of the prominent areas in Kochi where Rupeek extends its online gold loan services to.

  • Aluva
  • Willingdon Island
  • Kakkanad
  • Airport Road
  • Kumbalangi
  • Muvattupuzha
  • Tripunithura
  • Infoparkkochi
  • Kalamassery
  • Perumbavoor
  • Mattancherry
  • Palarivattom

So, what are you waiting for? Visit our website today for ‘personal loan apply online in Kochi’ and avail the best deals on funds up to Rs. 1.5 crore.

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 is the minimum loan amount I can avail with Rupeek?

The minimum loan amount you can avail against gold from Rupeek is Rs. 15,000.

  1. Can I acquire an online loan to fund higher studies?

Yes, you can avail online loan to finance advanced education, or any other purposes such as debt consolidation, home remodelling, medical emergencies, etc., as long as it isn’t illegal.

  1. What are the documents required to qualify for an online gold loan?

Applicants only need to submit their KYC documents such as Aadhar card, voter ID, PAN card, passport, or driving license. They also need to submit any utility bill and lease agreement as address proof.

  1. Are my gold ornaments safe with Rupeek?

Rupeek ensures ultimate safety of collaterals by using a GPS-secured bag for their transport and then storing them under high surveillance in nearby partner bank vaults. Additionally, your gold items are 100% insured by us against theft or damage.

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