Online Loan in Pune

Online Loan in Pune

Pune, the second largest city of Maharashtra, is the fifth-largest metropolitan economy of India and ranks sixth in per-capita income list. In 2019, this city registered around $70 billion in GDP, per an Aegon Life report. The economic activities of Pune are scattered among multiple sectors like education, IT, and manufacturing.

The manufacturing history of Pune is prolonged and dates back to pre-independence times. Currently, this city houses manufacturing units from Bajaj Auto, Tata Motors, Toyota, Jaguar, Renault, etc. Also, Pune has some of the leading international IT companies. Along with that, this city has some of the leading educational institutions of this country.

The economic development of this city has also soared up the cost of living, leaving little room for non-recurring expenses. To counter such issues, individuals can opt for an online loan for a quick yet affordable solution.

What Is An Online Loan?

It is a type of financing option that allows you to meet any sudden financial requirements without hassle. This financing option typically focuses on reducing the processing time, so that, you can avail funds quickly.

Online loans are of two types, secured and unsecured. In the case of an unsecured loan, you are not liable to submit any collateral, which may save some time during application. Contrarily, it elevates the risk of lending and put forward stringent eligibility requirements.

Here are some of the prominent features of both secured and unsecured instant online loan Pune –

  1. Restriction-free Usage: Online personal loan in Pune come without any limitations on its use. Thus, you can utilise these funds to support any financial need that you may have.
  2. Fast ApprovalInstant cash loan in Pune usually gets approved in 1-2 working days. So, individuals can meet their financial exigencies without any delay.
  3. Repayment Flexibility: Depending on whether a loan is secured or unsecured, the tenure can vary. Repayment tenures for unsecured online loans usually range from 12 – 60 months. It’s up to 12 months for secured personal financing options, like a gold loan.
  4. Eligibility: The eligibility and documentation process of a fast loan in Pune varies based on whether it is secured or unsecured. You need to maintain a credit score of 750 and comply with the monthly income parameters set by lenders if it’s an unsecured loan. The eligibility requirements of secured loans are usually more lenient in this regard.

Thus, individuals who are new to credit or possess a low CIBIL score may opt for a secured loan. A prominent example of secured online cash loans is gold loans that offer a wide range of benefits like quick approval, low-interest rate, and many more.

What Are The Usages Of Gold Loans?

Owing to several customer-friendly features, a gold-backed online loan can solve an array of purposes. Here are the common ones –

  • Debt Consolidation

The low rate of interest on gold loan online makes it a convenient financial tool for debt consolidation. Hence, individuals can save substantially on repayments.

  • Fulfilling Medical Expenses

The quick approval nature of gold-backed cash loans Pune makes it a perfect option to meet sudden medical expenses.

  • House Renovation Costs

Online cash loans backed by gold provide a perfect tool to manage a range of house renovation expenses. You can fund repairing costs, purchase home décor items and many more.

  • Funding Business Expenses

Online business loan Pune availed against gold offers the perfect financing solution for a range of business loans.

The affordability of an online gold loan combined with less stringent eligibility requirements makes for an excellent personal financing option.

What Are The Reasons To Choose Rupeek?

Rupeek offers a host of customer-friendly benefits that maximise the borrowing experiences. Here are the highlights –

  1. Overdraft Facility

Termed as Rupeek Quick, this facility provides access to an extended credit line. Our customers can pledge more gold on their existing loan to avail this facility. It gives them access to instant funds, and they can withdraw as per their needs. This facility also helps borrowers to save on interest as well since it’s only calculated on the expended sum.

  1. Easy Eligibility And Documentation

With Rupeek, you can skip the hassle of meeting stringent eligibility requirements and providing a lengthy list of documents. To avail credit from us, you need to fulfil the age requirement, i.e. 18 years and must possess gold jewellery.

Also, we offer instant loan in Pune without income proof. You can avail funds from us by submitting only KYC documents.

  1. Affordable Repayment

Our online gold loan interest rates start from as low as 0.49% per month. It makes interest repayments much more affordable compared to an unsecured loan and even several secured options as well.

Moreover, we have introduced a number of repayment schemes to make it even more accessible for our customers.

  1. High Loan-To-Value Ratio

To complement our low-interest rate, we offer one of the highest LTV ratios in the segment. It can go as high as 80% of the total gold value and enables you to avail up to Rs. 1.5 crores. You can use the gold loan online calculator available on our website to calculate the loan value and learn more about the per-gram rate.

  1. Top-Notch Security

We follow robust security protocols to ensure the safety of your gold articles. Our loan manager uses GPS-fitted bags for carrying the gold ornaments, and these are stored in high-security vaults. We also offer complimentary gold insurance so you can rest assured concerning any loss arising out of damage or theft of your valuables.

Furthermore, we perform a regular audit of our security measures to stay updated.

  1. Convenient Loan Transfer Facility

With Rupeek, you can now transfer your gold loans without any hassle. Once you share the existing pledge card with our representative, they will guide you through the process. Moreover, with our loan transfer facility, you can save up to Rs.12377 per lakh on loan repayments.

  1. Doorstep Services

Our doorstep services further increase the convenience of selecting Rupeek as your lending partner. It allows you to avail an instant gold loan at your doorstep in just 30 minutes.

You can avail our doorstep services from any corner of Pune owing to our service coverage across all the top localities in this city.

Localities In Pune Where Rupeek Offers Services

  • Aundh
  • Hadapsar
  • Swargate
  • Viman Nagar
  • Kothrud
  • Lohegaon
  • Sadashiv Peth
  • Katraj
  • Vishrantwadi
  • Pashan
  • Parvati Hil
  • Nanded
  • Vadgaon Sheri
  • Pimpri-Chinchwad
  • Lohogaon

An online loan offers a convenient financial solution to manage a host of different monetary requirements. Moreover, if you are opting for a secured one like a gold loan, then it allows you avail better benefits than others. Furthermore, with Rupeek, you get to enjoy exclusive benefits and tailor-made repayment schemes to improve your borrowing experiences.

Your search for ‘online loan lender near me’ ends with Rupeek.

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Benefits of Gold Loan over online loans.
  • <1 lakh
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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 -
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Frequently asked questions

  1. How to get an online gold loan from Rupeek?

Once you initiate a loan request by registering your mobile number, we will get back to you for further processing. After that, our representatives will get to your address within 30 minutes to complete gold appraisal and KYC verification.

  1. What is the required credit score for an online loan against gold?

There are no such requirements to get gold-backed personal finance Pune. You can borrow an online gold loan without a CIBIL score.

  1. What is a per-gram rate?

Per-gram rate defines the value of gold on a particular day. This rate fluctuates depending on the value of gold in the open market. At Rupeek, you get one of the highest per-gram rates in this segment.

  1. Can I avail a refund on my online gold loan with Rupeek?

You can avail rebate with regular payment of online loans. Moreover, with a higher payment frequency, you can earn a higher refund.

  1. Can I repledge my gold loan with Rupeek?

Yes, Rupeek provides you with the option to re-pledge your gold loan. You can extend the loan tenure this way.

  1. What is the process to close an online gold loan with Rupeek?

Log in to your Rupeek account from the ‘Repay your loan’ page to check the ‘close loan’ option. View the account summary, including a detailed break-up of your outstanding, by clicking on it. Pay the total outstanding amount to foreclose your loan.

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