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Online Loan in Rajahmundry
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Online loans in Rajahmundry

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.

Online Loans In Rajahmundry – A Convenient Option

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.

Benefits That Rupeek Provides

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:

  • Short Repayment Tenure

We provide precise repayment tenure to ensure that you are not burdened with this loan for an extended period.

  • Wide Range Of Loan Amount

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.

  • Low To Moderate Interest Rate

To make repayment easy further, we charge interest at rates as low as 0.79% per month on instant loan without income proof. Check out the different schemes we offer to get a better idea about interest rates.

  • Instant Approval

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.

  • A Gold Credit Line

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.

Our Service Locations In Rajahmundry

At present, Rupeek is functional in the following areas of the city.

  • Maredumilli
  • Kadiyam
  • Danavaipeta
  • Korukonda
  • Rampachodavaram
  • Lakshmi Puram
  • Ramachandrapuram
  • Mandapeta
  • Draksharamam
  • Konthamuru

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.

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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 -
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Frequently asked questions

  1. Are there any pre-payment penalties in Rupeek’s online loan?

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.

  1. Can one partly pay their Rupeek gold loan?

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.

  1. How much insurance does Rupeek provide on our pledged gold?

We provide100% door-to-door gold insurance policy to our customers for the entire tenure.

  1. Where is my gold pledged for online loan stored?

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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