Located around the Qila Mubarak, Patiala is the fourth largest district in the state of Punjab. The city’s name is associated with many different things like the Patiala Salwar, Patiala Peg, Patiala Shahi Turban, etc. The primary source of income in this city comes from registered and non-registered manufacturing factories and agriculture.
To meet unforeseen expenses like a medical emergency or fit in large-scale costs of home renovations or children’s higher education, people can consider an online loan in Patiala. Besides its no end-use restriction, there are several other benefits of this financial product.
An online loan is beneficial from more than one aspect, and it is a smarter alternative against its offline counterpart. Few of its best features are:
An online loan can be both secured and unsecured. A variety can be found in terms of lenders as well since these credit products are provided by NBFCs, traditional banks as well as an array of online-only lenders.
These take comparatively less time when compared with offline counterparts. If the comparison is between unsecured and secured online loans, unsecured ones take lesser time, unless it’s a gold loan.
The range of loan amount is better on online platforms than one can find in traditional banks. This helps borrowers to only take as much as they want, no matter how less it is.
Even though both secured and unsecured online credit products are highly beneficial, a secured instant online loan in Patiala has more advantages to it.
A loan is said to be secured when collateral, such as gold, is involved in the lending process. The advantages of such credit products are:
Among all the secured options, a gold loan online stands out. This financing option lets you put your idle assets to work and get loans with no fixed end-use. Appraisal of the collateral is also no big deal as well, which expedites the process considerably. The list of benefits increases tenfold if you avail our gold-backed credit facility.
Our gold loan features all the advantages provided by both secured and unsecured online loans. Some of its impressive aspects are:
From our representative visiting your house to the approval of your loan takes approximately 60 minutes. This instant cash loan in Patiala is ideal if you are in urgent need of funds.
This is a short-term loan in Patiala that will not bind you with repayment responsibilities for years and let you live without such burdens.
We let our customers choose from different types of repayment methods according to their preference. They can select between traditional monthly payments and settling the repayable amount as per convenience by the tenure’s end.
Our customers can get a credit line against gold by opting for our overdraft facility called Rupeek Quick. From the approved amount, one can withdraw as much as they require and only pay the interest for that amount.
To ensure that you get the most out of your asset, we offer a loan-to-value ratio of up to 80%. We calculate the LTV for every loan individually. Check our gold loan calculator to know more about it.
These advantages seem more attractive with the fact that we prove a doorstep loan facility as well. The entire loan procedure is done at your house by our representative, ensuring you an instant cash loan in 1 hour in Patiala. Presently we send our representative to almost all the significant areas of the city.
If you are wondering where we offer our gold-backed online loan in Patiala, refer to the following list.
Gold loan is one of the most practical options at present. Should you feel the need for a substantial amount of fund, opt for our gold-backed online loan. Your search for a ‘trusted online loan provider near me’ ends with Rupeek. Leverage the idle asset and enjoy all the above-mentioned advantages
|Comparision Parameters||Other online loans||Online Gold loan|
|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||-|
With Rupeek, you can avail a gold-backed loan at an interest as low as 0.69% per month. It depends on the scheme you choose.
We offer a tenure of 6 months so that you can get over with the repayment burden quickly.
You will need to re-pledge the gold ornaments to extend a repayment tenure. You can connect to our customer support team for assistance on this.
If you want to re-pledge your gold to us, please contact our customer service, and they will guide you through the entire process.
In order to part release, the individual piece of ornament should weigh more than 10gms or more. To start the procedure, you can contact our customer service.
Your request has been received, our customer relationship manager has been notified and will call you shortly