Online Loan in Kolkata

Online Loan in Kolkata

The capital of West Bengal, Kolkata, has one of the richest histories among all the Indian cities. The city is the financial and commercial epicentre of Eastern India and also acts as the main port of communication for North-East India. The presence of numerous architectural marvels like Victoria Memorial, GPO and Currency Building has made it famous as the City of Palaces.

Calcutta is also one of the cheapest metropolitan cities to live in India. However, unprecedented expenses can take any salaried individual and even businesspersons off-guard. Opting for an online loan in Kolkata can offer individuals a monetary cushion in that regard.

What Are Online Loans?

As its name suggests, these are credit products that an individual can avail online from various type of lenders like NBFCs, online-only lenders and traditional banks. These can be both secured and unsecured depending upon the lender. As the lifestyle in Calcutta has become significantly fast-paced, a credit facility that does not require one to take substantial time out of their life is ideal.

Apart from being less time consuming, an online loan has numerous other advantages that make it ideal for the urban life of Kolkata.

Why Are Online Loans Beneficial?

An online credit product is not substantially different from its offline counterpart. But the few differences it has, are all positive and reasons why you should opt for one.

  • Easily Accessible

One can apply for an online loan at any point of time in the day, and from anywhere they want, saving both time and effort. They are available on holidays and weekends as well.

  • Fast Approval

As there are many non-traditional lenders in the internet, online loans take significantly less time, making it apt for urgent financial needs. People looking for an instant cash loan in Kolkata should avail these.

Always research about the type of loan you are opting for before proceeding with it. Ensure that you are taking a well-informed decision, especially when going for an unsecured loan.

What Are Unsecured Online Loans?

These are basically financial products that do not need any collateral. Some of its other features are:

  • Documentation

One needs to produce their income proof, age proof, identity proof, address proof, Form 16, income tax return etc. when applying for them. It can be problematic for individuals looking for a fast loan in Kolkata.

  • Comparatively High Interest Rate

Unsecured loans tend to have significantly high interest rates due to the lack of collateral. Repaying such high interest can become a significant burden on an individual.

  • Stringent Eligibility

These credit products have hard to fulfil eligibility criteria like one needs to have a credit score of 750+. Individuals also need to earn at least Rs. 20,000 to apply for a personal online loan.

These can be avoided if one instead looks for secured alternatives that are available in the market. For example, online gold loans in Kolkata. It is not just a more straightforward option, but it puts your idle asset to use as well. Especially if you make the right decision and avail our gold-backed credit, you get extra benefits to enjoy as well.

Why Rupeek’s Online Gold Loan In Calcutta?

Our gold-backed loan stands out due to the following features –

  1. Flexible Eligibility And Documentation

We do not ask for your financial details or CIBIL score to deem you eligible for our loan. You only have to be 18 years or older and provide your KYC documents to apply.

  1. Reduced Interest Rate

Our interest rates start from as low as 0.49% per month. A low interest rate will help a borrower to repay the loan without becoming a burden.

  1. Increased LTV

Get a loan-to-value ratio as high as 80% from us and make the most out of your gold jewellery. With our cash loans Kolkata, you can address any financial emergency instantly.

  1. Easy-to-Access Overdraft Facility

Opt for an extended credit line and withdraw as much required from your sanctioned amount with our overdraft facility called Rupeek Quick. If you do not use the entire amount, we will only charge interest on the amount you have used.

  1. Doorstep Loan Facility

If you are a resident of Kolkata and have been searching “online loan lender near me”, the following are the locations where we provide our doorstep loan service.

  • Jadavpur
  • Ganesh Chunder Avenue
  • Dum Dum
  • Park Circus
  • Baranagar
  • Kalighat
  • Baghajatin
  • Hastings
  • College Square
  • Dharmatala
  • Taltala
  • Ballygunge
  • Esplanade
  • Tollygunge
  • Park Street
  • Behala

If you are from these areas, simply download our App, apply for your required loan and relax. Our representative will visit your location and do all the required procedures at your house or office.

A secured online loan provides numerous advantages without the underlying issues that are common with other types of loan. Apply for our gold loan to fund your dreams without any struggle.

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% 0.49%
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 -
Rupeek ad

Frequently asked questions

  1. How long does Rupeek take to approve an online loan application?

From our representative visiting your house to the sanctioned money being transferred to your account, the whole process takes approximately 60 minutes.

  1. What are the repayment options provided by Rupeek?

We always try to make our customer experience as convenient as possible; thus, we provide several repayment options. Customers can choose from an array of repayment methods like single bullet payment, monthly EMI payment, or pay instalments as per your convenience.

  1. How will Rupeek calculate my LTV for my applied loan?

The loan-to-value ratio depends on the current value of your gold jewellery. To understand how we calculate it, refer to our gold loan calculator.

  1. What is the maximum online loan amount I can get from Rupeek?

You can get a loan of up to Rs. 1.5 crores with Rupeek. You can use the funds to meet a range of expenses, like higher education costs, travelling expenses, wedding expenditures, etc.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
Please enter valid Mobile Number
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly