Payday Loan in Howrah

Here are some notable features of instant cash loans –

1. This financial product is unsecured, so applicants are not required to submit any collateral.
2. The documents needed to avail these cash loans online are KYC and income proof.
3. The funds are available within hours. So, meeting a financial emergency is not an issue.
4. There is no restriction on the usage of such emergency same day loans. One can meet an array of requirements with the amount.
5. The loan tenure is short, and one needs to pay the entire debt at a single go.

A vital point to remember about a payday loan in Howrah is that lenders do not perform any credit check to advance funds. Individuals with a low credit score can opt for this financing method.

Despite such customer-centric benefits, the high rate of interest is a significant drawback of this financing option. As it’s charged daily, the cost can turn out to be quite substantial. For instance, if you take a loan of Rs. 30000 at 1.5% per day interest for 30 days, the total interest charged will be to the tune of Rs. 13500.

To avoid the hefty strain of this sort on disposable income, individuals can consider a gold loan. Although secured, these offer similar benefits sans the overwhelming finance charges.

Here are some notable differences between these two financial products –

This difference makes it clear that gold loans offer better benefits when compared to payday loans. Thus, instead of searching for ‘payday loan providers near me’ one can search for a gold loan provider.

In case you are wondering whether you can get a gold loan as quickly as a payday loan in Howrah, opt for our services and get a loan in 60 minutes. You get to enjoy an array of other benefits with our gold-backed quick loan.

Here are the benefits of Rupeek that makes it a preferred option for many –

1. The high LTV offered by Rupeek helps individuals to avail more funds against their gold. Borrowers can get a loan as low as Rs. 15000 and as high as Rs. 1.5 crores from us.
2. The rate of interest charged by us starts from as low as 0.49% per month, so, the interest payment is not cumbersome anymore.
3. We have also introduced different repayment schemes to make this process more accessible.
4. Multiple loan schemes allow you to choose a repayment at your terms. Pay in parts as and when you feel during the period or in EMIs.
5. The security measures employed by us are class-leading. We store the gold in top-class vaults under round-the-clock surveillance. You can track if the gold items are headed to its destination as well via our app.
6. We provide complimentary insurance coverage on every gold item during the tenure.
7. Along with these, customers can save substantially (up to Rs. 12,377 per lakh) on their repayments with our loan transfer facility.

Apart from these, we also extend an overdraft facility that further enhances customer-convenience.

Popularly known as Rupeek Quick, it enables borrowers to access a line of credit from which they can avail cash loans online whenever they want. Furthermore, borrowers are only responsible for paying interest on the amount they withdraw, making it the ideal tool for meeting cash shortfalls on month-ends without being subject to unreasonable interest payments.

Furthermore, our presence in prominent localities of Howrah helps us to offer prompt service to our customers.

• Argari
• Alampur
• Bandel
• Bankra
• Chakpara
• Eksara
• Karia
• Kalara
• Mahiari
• Tentulkuli

A payday loan in Howrah is a quick financing option to mitigate any unprecedented monetary need. On the contrary, a high interest rate and unfavourable loan terms make it a complicated financial product. Our gold loan serves as an ideal alternative as it meets the need for quick financing without the burden of sizeable finance charges.