Payday Loan in Chandigarh

It is an unsecured loan variant that can be availed for 15 – 30 days with minimal documentation. Due to its quick disbursal process, this loan can help individuals cover a cash deficit if they have exceeded their disposable income.

One can rest assured about the payday loan guaranteed approval, albeit a low credit score as there is no stringency regarding credit report checks.

Some of its features that make it preferable among the residents of Chandigarh are –

• A potential borrower can receive emergency cash immediately without going through the hassle of collateral and guarantor.
• One may regard this credit variant as the best short-term loans in Chandigarh as no end-use restriction makes it perfect for dealing with bill payments, school fees, household expenses, etc.
• The loan quantum can vary between Rs. 1k to Rs. 1 lakh.
• Since there is no creditworthiness pressure, a potential applicant needn’t worry about bad credit loans online norms.
• Most NBFCs offer an easy payday loan online within 1 – 2 hours.
• Interest rates range from 0.5% to 2% per day. An individual who avails a loan for 15 days may have to incur up to 30% interest.

The applicant also has to fulfil specific parameters to be eligible for a payday loan online apply.

Some of them are listed below:

• The age limit of a borrower must be a minimum of 18 years.
• An applicant must be an Indian resident.
• An interested individual needs a stable income source.
• He/she must have an active savings account.

Apart from the criteria mentioned above, a borrower must submit certain documents to avail a payday loan Chandigarh.

• Proof of identity
• Address Proof
• Age proof
• Proof of income
• Letter from the employer
• Passport-size pictures

Although instant cash loan features seem straightforward, certain factors can make this option not so useful and pocket-friendly during a cash crunch.

• A borrower can remain at a loss if the payday loan Chandigarh disburses a low amount based on a low salary structure.
• The interest rate levied on this credit form is considerably high compared to other loan types. If a person gets a payday loan of Rs. 30,000 for seven days at 1% per day he has to pay nearly Rs. 32,100.
• In case a borrower cannot repay the cash loans online timely, he/she has to incur a sizeable penalty and late payment fees.
• Any amount borrowed needs to be repaid along with the interest when the next paycheque arrives. This rigidity can be financially straining.

These factors can offset the benefits that this option offers. Hence, searching for ‘payday loan near me’ during cash crunches can yield more trouble than gains.

We suggest shifting your attention towards a better loan variant like a gold loan, which is cheaper in terms of interest and profitable in terms of value.

Let’s look at the following table to see how a payday loan fares when stacked up against a gold loan.

Availing a gold loan over payday loans online in Chandigarh ensures a better and affordable borrowing experience. But, individuals must also select a suitable lender. In this regard, they can turn to Rupeek.

Features that make us preferable among borrowers are –

• Interest is levied on a gold loan from Rupeek at rates as low as 0.49% per month, making interest payment
• Individuals can save up to Rs. 12377/lakh on repayment by transferring their balance to Rupeek.
• Our gold loan comes with no-end use restriction, making it perfect for addressing a range of expenses.
• Borrowers can repay in EMIs or any way they want by selecting the suitable loan scheme.
• We follow industry-best safety protocols. Pledged gold is transported to a nearby bank vault in GPS-equipped bag, where it stays under round-the-clock surveillance.
• Individuals can enjoy free-of-cost gold insurance policy for the repayment period.

Our features don’t stop here. Rupeek also brings a unique loan overdraft facility against gold, known as Rupeek Quick.

Under this facility, you can draw required funds from a sanctioned limit any time of the day. It’s available only to our existing customers who can enjoy this instant financing option by pledging additional gold. What’s more, we calculate interest only what you withdraw from the credit line, not the absolute limit.

The best part about Rupeek is that you can avail all these facilities from your premise. We offer exclusive doorstep loan service, which comes into action after your loan application. Following a simple KYC verification and gold purity evaluation, the estimated amount is transferred to your account immediately.

We extend Rupeek’s services in the following regions of Chandigarh. Take a look!

• Sector 1 Chandigarh
• Manimajra
• Sector 40 Chandigarh
• Sector 22 Chandigarh
• Sector 26 Chandigarh
• Sector 15 Chandigarh
• Ram Darbar
• Sector 35 Chandigarh
• Sector 21 Chandigarh
• Sector 9 Chandigarh
• Sector 20 Chandigarh
• Sector 19 Chandigarh

Avoid the exorbitant charges of a payday loan in Chandigarh and avail funds instantly against gold to cover all urgencies. Bridge the gap between two paydays at affordable rates.