Gurgaon

Located in Haryana, Gurgaon is one of India’s largest hub for finance, information technology and banking. It is home to headquarters of several large-scale Indian companies and thousands of start-up institutions. The city also has the largest medical tourism in the entire country.

Gurgaon is a corporate centric city with operations of more than 250 Fortune 500 companies. With such a high number of corporate offices, most people living in the city are employees of these establishments. A vast majority these individuals have come to live there from other states and struggle to pay off bills and bear other daily expenses. So much so that by the end of the month, they find themselves looking for financial avenues to avail small quantum advances. Consequently, the frequency of applications for a **payday loan in Gurgaon** is higher compared to other cities. 



Payday loans can be categorised as a personal loan that is available to only salaried employees. These are approved instantly and act as emergency financial support when one’s paycheck is delayed. Most individuals use these financial products as an **emergency same day loan**. These are available online and often require one to download the lender’s mobile application to avail them.

While its ‘instant approval’ attracts those in urgent need of funds, they do not make for an ideal credit facility. The interest of a payday loan in Gurgaon is charged daily, and its percentage also keeps changing during the tenure. Moreover, its repayment tenure is extremely short, ranging up to a maximum of 3 months, and puts a higher pressure of repayment on the borrower.

There are several other negative aspects of payday loans, which lead individuals to look for better alternatives. Instead of searching ‘payday loan provider near me’, borrowers find themselves exploring more secure borrowing prospects. In this regard, a great alternative to this financial product is a gold-backed loan facility, offering variegated advantages.



## What Are Payday loans?










These are secured credit products, available against collateral that has a significantly high value in the market. A gold loan has numerous benefits, but the following points make them stand out compared to a **payday same day loan in Gurgaon**. 

- **Eligibility Requirement –** While payday loan lenders ask borrowers to have a stable credit history and regular income source, individuals can avail a gold loan by just being 18 years or older.

- **Documentation –** You do not require income proof or any related documents to avail a gold loan; your KYC documents are sufficient to attain approval.

- **Tenure –** A gold-backed loan also has short repayment tenure, but it is still longer than any payday loans online. The average tenure of a gold loan is around six months.

- **Loan Amount –** As the loan amount depends on the value of gold one has provided; it can be substantially high. Contrarily, payday loan’s amount depends on the applicant’s monthly salary.

- **Rate Of Interest –** These have a considerably low rate of interest even for a secured credit product. Besides, these are charged monthly, which further decreases the amount of interest one pays for their loan.

While a **payday loan in Gurgaon** has much to offer, borrowers can further expand their gold loan benefits. Avail your gold-backed loan from Rupeek and enjoy an array of features and facilities.


## How Are Gold Loans Better?











When you avail our credit facility, you can enjoy advantageous facilities and features like -

- **Flexible Schemes For Repayment**

Our customers can choose to pay their gold-backed **cash loans online** by using one of our flexible repayment schemes like interest pre-payment, part-payment, single bullet payment, etc. Further, if they want, they can use standard EMIs to repay their debt.

- **Refinancing Options**

If an individual is already repaying a gold loan to some other lender, he/she can switch to our facility by opting for a [loan transfer](https://rupeek.com/loan-transfer) with us. This way, they can save a hefty amount on interest payment and enjoy better terms of service.

- **A Gold Credit Line**

We also offer an overdraft facility called [Rupeek Quick](https://rupeek.com/rupeek-quick/?), opting which, borrowers can get an extended credit line. With this, they get the opportunity to withdraw funds in small portions, from a sanctioned amount, and pay interest only on the sum they have utilised.

Along with such excellent facilities, you also get our [doorstep loan service](https://rupeek.com/blog/instant-online-gold-loan-at-your-doorstep/) when you avail our services. Our representatives will visit your house and conduct all the required procedure related to your **payday loan in Gurgaon** against gold application. They will also stay in the house until the loan amount is disbursed to your account and then leave with the gold.

Currently, we provide this service to all the major locations in Gurgaon.


## What Benefits Can You Avail With Rupeek?










Our representatives are providing our advanced cash loans to the following locations in the city. Besides, we also have several partner banks located in these areas, and we are always trying to expand our reach.

- Manesar
- Gurgaon Sector 17
- Pataudi
- Gurgaon Sector 56
- Wazirabad
- Gurgaon Sector 45
- Palam Vihar
- Sohna
- Badshahpur
- Gurgaon Sector 33
- Sultanpur
- Garhi Harsaru

By leveraging the equity of gold, which is most often an idle asset, you can save a lot of your funds. So, why waste your hard-earned money in paying high interests on a **payday loan in Gurgaon**? Apply for a Rupeek gold loan and solve your financial problems with ease.

## Where Are Our Operations In Gurgaon?





No, we only accept gold jewellery as pledged items, and a watch might be considered an accessory, not a piece of jewellery.



## Can I pledge a gold watch as collateral to avail a loan?











The amount you can pay can be any sum between the calculated monthly EMI and the entire loan amount. Note that if you pay the whole amount, it becomes a single bullet payment, and it is a different repayment scheme altogether.



## How much amount can I settle as a part-payment?













Rupeek provides 100% insurance on the gold pledged by our borrowers.



## How much insurance does Rupeek provide?













Since this loan is available against your paycheck, you will not need a guarantor to avail it.



## Do I need a guarantor to avail a payday loan?


Allow Rupeek’s representatives to contact me for my loan application