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

Online Loan in Madurai
online-loan-in-Madurai

Online loans in Madurai

Madurai, the third-largest city of Tamil Nadu, is a significant contributor to the state’s economy. Home to renowned Minakshi Temple, devotees flock here throughout the year.

Along with tourism, Madurai’s economy majorly depends on the agricultural and industrial sectors. However, after the liberalisation of the Indian economy, Madurai witnessed an increase in commercial activities as well.

The booming economy of Madurai has led to an increased cost of living, prompting individuals to avail an online loan in Madurai. It helps individuals to strike a balance between expenditure and saving efficiently.

What Are The Types Of Online Loans?

In Madurai, individuals can avail two types of online loans – secured and unsecured. A gold loan is a primary constituent in the secured category.

Both these online loan types share a few common features like no end-use restriction, availability round the clock, and online loan management.

What Are The Differences Between Online Loan And Online Gold Loan?

Check out the points where these two online loan categories differ before you go for personal loan apply online in Madurai.

Parameters

Online Gold Loan

Other Online Loans

Documentation

Instant cash loan in Madurai requires limited documentation. One needs to submit only KYC papers.

 A borrower needs to submit additional papers apart from KYC, mainly their income proof.

Amount Sanctioned

The amount sanctioned is higher due to its secured nature.

The amount sanctioned as online business loan Madurai is comparatively low.

Eligibility

A borrower needs to be 18 years and above to avail gold-backed cash Loans Madurai.

A borrower has to fulfil all the eligibility parameters set by the lending institution. Availing online loans bad credit score is impossible.

Creditworthiness

A potential borrower needn’t maintain any CIBIL score or credit history to avail a quick Loan in Madurai

Loan applicant needs to maintain a 750+ CIBIL score and remarkable credit history.

Because of the highly liquid nature of gold, valuation and processing do not take more than a few hours. Hence, it can be a perfect solution during emergencies.

What’s more, individuals can enjoy the highest per gram rate of their gold along with a slew of other benefits with Rupeek.

What Makes Rupeek The Best Lender?

Following are some of the features of Rupeek that makes us the best gold loan lender.

  • High Security And Insurance

Wondering what happens to your gold after submission? At Rupeek, we give priority to your assets’ safety by storing them in best-in-class lockers under 24x7 surveillance. If you opt for our cash loans Madurai against gold, we also offer complimentary insurance cover.

  • Optimum Loan Value

Go for a gold-backed short-term loan in Madurai to avail up to Rs. 1.5 crores. Moreover, the loan comes with no end restriction, ensuring you can address all types of costs effortlessly.

  • Low Cost Of Borrowing

Our online gold loan in Madurai comes with an interest rate as low as 0.79% per month. This lowers the interest payment and aids in saving more for future use.

  • Gold Loan Calculator

Are you confused about how much gold you need to submit against cash loans in Madurai? Use our loan calculator to find out.

  • Repayment Flexibility 

What makes our gold-backed online loans in Madurai preferable are our flexible repayment schemes. You can repay the loan monthly, or you can choose to pay however you want during the tenure.

  • Overdraft Facility 

Do you want to maximise the benefits of an online gold loan in Madurai? At Rupeek, we give you the advantage of securing a credit line over and above an existing gold loan. Check Rupeek Quick option in the homepage to know more about Instant loan without documents.

Apart from these, borrowers can also enjoy our doorstep loan services in just 30 minutes because our representatives are present across all localities in Madurai.

Area List Where Rupeek Is Operational

These are the localities from where you can get an instant cash loan in Madurai from Rupeek.

  • Kamarajar Salai
  • Thiruparankundram
  • Palanganatham
  • Vadipatti
  • Vilakkuthoon
  • Alanganallur
  • Anna Nagar
  • Sholavandan
  • Tirumangalam
  • Madurai Main
  • Othakadai
  • Tirunagar

Meet all cash shortfalls by making the most of your gold’s value with Rupeek. Avail an online loan in Madurai instantly at affordable, borrower-friendly terms like never before.

Conclude searches for ‘online loan providers near me’ and apply today!

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. Is there rebate on Rupeek’s gold online loan repayment?

Yes, Rupeek gives you refunds on periodic repayments. You can increase the total rebate you get with more frequent repayments.

  1. Can I get Rupeek online gold loan against gold bars?

No, you can get Rupeek gold loan only against gold jewellery. Ensure that the quality of gold you pledge is above 18 carats.

  1. Can I get an online loan for my child’s college tuition fees?

Yes, an online loan can be used for your child’s college tuition fees. Select the type of loan carefully to maximise your benefits.

  1. How to part release my pledged gold with Rupeek?

You can release your gold ornaments partly by opting for part-prepayment. Visit the ‘Repay Your Loan’ page for that.

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