Created as a part of the Madras Province during the British rule, Rajahmundry is presently a city in Andhra Pradesh. It is also famously known as Rajamahendravaram, a name derived from the ruler of the Chalukya Dynasty named Rajaraja Narendra. The city is a key commercial hub of the West and East Godavari districts with paper mills, petrochemical hubs, and powerplants located there.
Although Rajahmundry’s cost of living is moderate, there are still a few expenditures that people need to meet besides the day-to-day expenses. Individuals can resort to an online loan in Rajahmundry to address urgent business expenses or medical emergencies besides large-ticket costs like wedding, debt consolidation, etc.
One can get both unsecured and secured online loans that do not require much documentation. Based on the type one opts for, its eligibility is also less stringent compared to that of traditional bank loans.
The one thing to keep in mind while searching ‘online loan lenders near me’, is whether it is a secured credit product or not. It is because when the two types of online loan are compared side by side, it is seen that:
Unsecured |
Secured |
|
Interest Rate |
High, can go up to 36% |
Comparatively less |
Collateral |
Is not required |
Is to be provided |
Documentation |
One needs to provide income proof besides KYC documents |
Only KYC documents are required. |
Eligibility |
Usually very stringent as without healthy CIBIL score lenders do not deem you eligible. |
Constraints like CIBIL score and monthly income are not applied. |
Loan Amount |
Decided based on the monthly income of the borrower |
Calculated over the LTV % |
From the above comparison, it is evident that a secured online credit facility is more readily accessible to people and also comes with lower interest rates. What’s more, options like online gold loans are disbursed much quicker than a collateral-free loan. Hence, the out-and-out benefits of this financing option make it suitable for all types of expenditures.
To get the most out of an online secured credit product, people can also avail our gold-backed online loans in Rajahmundry.
When you avail our gold-backed online loan in East Godavari, you get to enjoy an array of advantages that will enhance your credit experience. We are continuously trying to improve our services to make it seem like a boon rather than another burden. We offer:
We provide precise repayment tenure to ensure that you are not burdened with this loan for an extended period.
One can avail a loan of Rs. 15,000 to Rs. 1.5 crores. You borrow only the amount that you need so that the pressure or repayment doesn’t become overwhelming.
To make repayment easy further, we charge interest at rates as low as 0.49% per month on instant loan without income proof. Check out the different schemes we offer to get a better idea about interest rates.
Our loan approval takes approximately 60 minutes. The more intriguing part is that we provide doorstep loan service for these instant online loans in Rajahmundry.
We also provide the opportunity of extending one’s credit line if they avail our overdraft facility called Rupeek Quick. Withdraw as much you require and whenever you need from your approved principle amount and pay interest only for that.
We have provided our instant cash loan in Rajahmundry to a lot of its residents and aspire to extend our services to anyone in need.
At present, Rupeek is functional in the following areas of the city.
A financial need can be of numerous types. While its solution hardly varies, one must take a wise decision regarding such issues to avoid further problems. A gold loan is both easy to avail and of low risk. Thus, if you need a substantial fund and are looking for a reliable lender, avail our gold-backed online loan in Rajahmundry today.
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 | - |
No, we do not levy any pre-payment penalties. Moreover, by opting for the right scheme, you can pay any amount any time within the repayment tenure.
Yes, one can partly repay their fast loan in Rajahmundry with us. The amount can range from anything more than the EMI and less than the foreclosure amount.
We provide100% door-to-door gold insurance policy to our customers for the entire tenure.
We keep your pledged gold ornaments locked away in a bank vault that is just within a 5 km’s distance from your house. You can make use of our GPS facility to track whether it’s deposited in the right place.
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