Payday Loan in Delhi

Instant payday loan Delhi is a short-term financing option, where lender offer funds based on the individual’s income and credit profile. Typically, the amount available under this mode of financing is a percentage of the applicant’s next paycheque.

A payday loan in Delhi aims to offer financial assistance that will help applicants to manage their current financial shortfall, through to the next paycheque. This financial product is also known as cash advance or cheque advanced loan.

Here are some prominent features of this financial product –

1. Quick: This financial product is known for its instant approval. Individuals can get a payday loan in 30 minutes of their application.
2. A Handful Of Documents: Individuals need to submit their personal and financial details and must have a bank account to avail an instant loan Delhi. Payday loan approval online further streamlines this process.
3. Credit Score Not Needed: One of the most prominent features of this financial product is that it does not require a credit check. Thus, one can avail it with a bad credit score as well.
4. Collateral-free: Since it is an unsecured loan, individuals do not need to pledge any asset to avail a payday loan.
5. No End-use Restrictions: A loan based on the payday for salaried professionals does not have any limitation on its usage. Hence, individuals can use it to fulfil any purpose they have.

The lack of payday loan eligibility, paired with its features makes it a great financial instrument to manage any sudden expenses. However, high interest rates make it one of the most expensive loans available in the current market. Lenders levy interest as high as 1.5% per day.

Also, the amount available under this financial product is usually not substantial.

You can choose gold loans as an alternative if you want to avoid these hassles while ensuring you enjoy all the major benefits of a payday loan in Delhi. Being a secured mode of credit, this financial product comes with a significantly low borrowing cos and also longer repayment tenure. It also provides facilities like no-end use restriction and a quick approval to increase your convenience.

Since there are multiple gold loan providers operating in the market, it is imperative to choose a reliable one to have a pleasant borrowing experience. In this regard, Rupeek is your ideal partner. Our service portfolio includes industry-first features like doorstep services, flexible repayment options, etc.

Here is a list of features that makes our gold loan the ideal alternative to an unsecured payday loan –

1. Strong Security Measures

We enforce robust security measure to guarantee the safety of your gold items. Our loan managers carry all the pledged gold items in a GPS-traceable bag. Also, we use military-grade vaults to store these ornaments, and borrowers also enjoy a door-to-door insurance policy during the tenure.

2. Loan Up To Rs. 1.5 Crores

At Rupeek, individuals can get a gold loan up to Rs. 1.5 crores, owing to the highest per-gram rate we offer. A sizeable amount like that can help individuals meet a range of personal expenses without hassle since there’s no end-use restriction either.

You can take the assistance of our gold loan calculator to learn about the per-gram rate that we offer, and the amount of gold your need to avail your desired amount.

3. Competitive Rate Of Interest

To complement the high LTV ratio, we charge an interest rate on gold loans, which starts from as low as 0.79% per month. It is substantially lower than a payday loan in Delhi that comes with rates ranging between 1% - 1.5% per day. Hence, interest payment with Rupeek is not a hassle.

4. Loan Transfer Facility

With our loan transfer facility, you get a chance to save up to Rs.12377 per lakh. You just need to share your existing pledge card with our representative, and they will guide you through the process.

5. Multiple Repayment Options

Customer convenience with Rupeek further enhances with the various repayment options that we offer. You can opt for the traditional EMIs or choose to pay principal later and the interest first. Else, you can select the one-time bullet payment scheme, where you can pay the total debt at once, after the tenure.

6. Overdraft Facility

We also offer an overdraft facility, known as Rupeek Quick. It allows our existing customers to pledge additional gold and gain access to a credit line. Hence, they can access funds as per their convenience. Moreover, with Rupeek Quick, you need to pay interest on the amount you have used, and not the entire credit line.

7. Online Application

You can easily apply for a loan from Rupeek by registering your mobile number. Once you initiate a loan request, our company representative will get back to you to learn about your requirements for further processing.

Following successful initial processing, out loan managers will visit your address to evaluate the gold articles and validate the KYC documents. Once they are satisfied, you will receive your loan amount. This process takes about 45-60 minutes.

Our presence in prominent areas of Delhi allows us to offer you such a prompt service. Following your loan request, our manager will reach your address within 30 minutes.

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• Chandni Chowk
• Tilak Mar
• Karol Bagh
• Connaught Place
• Pragati Maidan
• Pusa
• Najafgargh
• Maidan Garhi
• Moti Bagh
• Justice SB Marg
• JNU ring road
• Sansad Marg
• Anand Vihar
• Hauz Khas
• Nehru place

A payday loan in Delhi is a great financial product to manage any sudden expense. However, the high rate of interest and short repayment tenure makes it an expensive affair. Instead, individuals can opt for a gold loan where they get to enjoy similar benefits but against more affordable loan terms. Rupeek, with its wide range of repayment schemes and quick service, allows individuals to meet their financial emergencies without any delay.

Pause your search for ‘payday loan lender near me’ and contact Rupeek for a quick and affordable solution.