Payday Loan in Jaipur

Payday loans are unsecured borrowing options that feature an ultra-short tenure and comes with a relatively high interest rate. Also known as cash advance loans, it caters to salaried individuals’ cash crunches until their next payday arrives. Hence, these loans are named ‘Payday loan’.

The funds offered as a loan on advance salary in Jaipur is generally a portion of the borrower’s next paycheque. Borrowers are required to repay the loan amount once she/he receives the salary.

Below listed are some of the advantages of availing payday financing in Jaipur.

• Unsecured: Lending companies do not need collateral to extend a payday loan.
• Minimal Documentation: A payday loan requires a handful of documents during the verification. Applicants need to submit their salary slips, recent savings account statements, and OVDs for KYC.
• No Credit Check: Individuals with a regular source of income with full-time employment and an active savings account can even avail a payday loan with bad credit.
• Quick Verification & Disbursal: The verification and disbursal get completed within less than an hour, making for an emergency same day loan.

Flexibility Of Loan Usage: There’s no usage restriction on a payday loan in Jaipur. Individuals can avail these quick financing options to meet any planned or unplanned expenses.

A payday loan offers numerous benefits during urgent cash shortfall. However, these financing tools have certain disadvantages that offset the profitability of availing a payday loan in Jaipur.

Following are some of the significant disadvantages of availing a payday loan in Jaipur.

• Heightened Interest Rate: Payday loans invite annual percentage rate (APR) that can range up to 360% p.a. Lenders charge interest rate as high as 2% per day against payday loan in Jaipur.
• Regular Income Is A Must: Lenders provide payday loans exclusively to those with full-time employment. Individuals with part-time jobs or businesses are not eligible for this quick loan
• Short Repayment Term: Payday financing comes with a brief period of repayment. Individuals need to pay off their debt within 15-30 days.

The high interest rate and brief repayment period make this financing option ill-suited for those who live on a tight budget or from paycheque to paycheque. As an alternative, people can consider turning to a gold loan instead of searching for ‘payday loan near me’.

During an urgent financial requirement, individuals can utilise gold’s monetary value and meet their personal expenses. The following table demonstrates a few reasons why a gold loan is advantageous over a payday loan in Mumbai.

As gold loans are secured, lenders offer these loans at a lower interest rate, which helps to curtail borrowing costs. Individuals need not worry about regular income or full-time employment and other prerequisites. If they possess gold jewellery and have the required age, they can get a quick loan.

If an individual is willing to take a gold loan in Jaipur, she/he must find a reliable financial partner that can guarantee quick and transparent gold loan processing. In this context, our financial services at Rupeek come into assistance.

At Rupeek, individuals are assured of getting 100% transparent gold loan process and consumer-friendly repayment schemes. Following are the features and benefits of availing gold loans from Rupeek.

• Doorstep Loan Services

Rupeek’s financial services enable borrowers to enjoy instant doorstep gold loan services. Individuals can complete the KYC document-verification and gold valuation at the comfort of their home, maintaining supreme privacy and without risking about carrying their valuables outside.

• Loan Up To Rs.1.5 Crores

Contrary to payday loan in Jaipur, an individual can access up to Rs. 1.5 crores from Rupeek. With us, you can get the highest value against your gold items. Such a high-value loan can aid in covering both planned and unplanned expenses.

• Gold Loan Calculator

Also, to make the gold loan experience hassle-free, Rupeek provides an online gold loan calculator. It allows individuals to find out the loan amount they can obtain against pledged gold. You can also use it to check the gold quantity you need to pledge to get a particular sum.

• Interest Rates At 0.49%

Rupeek’s gold loan schemes start at 0.49% interest rate per month. This interest rate is much lower than a payday loan in Jaipur, which comes at an interest rate up to 2% per day. Thus, individuals can manage the total gold loan amount efficiently.

• Flexible Repayment Options

Rupeek offers multiple gold loan repayment options. Individuals can choose to pay either monthly or any time as per their convenience within the tenure. It eases the financial burden of paying the entire amount along with excessive interest at once.

• Loan Transfer Facility

By availing Rupeek’s loan transfer facility, individuals can save up to Rs.12,377/ lakh on interest. For that, they need to share their pledge card and submit KYC documents with the gold loan executive after settling the interest with the current lender.0

• Gold Credit Line

One of the most sought-after facilities of Rupeek is the overdraft loan against gold. Also known as ‘Rupeek Quick’, it lets borrowers secure a sanctioned limit from which they can withdraw funds any time they want.

Individuals can save a substantial amount of interest by obtaining this facility as it is charged only on the amount the borrower uses.

Individuals looking for instant funding in Jaipur can find us in all the Pink City’s major localities as we have our financial network operating in here.

To enjoy doorstep loan up to Rs. 1.5 crores in Jaipur, find us in the following locations –

• Mansarovar
• Amer
• Ashok Nagar
• Shobha Nagar
• Talvandi
• Vidhyadhar Nagar
• Jagatpura
• Jhotwara
• Shastri Nagar
• Vaishali Nagar
• Bhankrota
• Malviya Nagar
• Gandhi Nagar
• Bani park
• Durgapura 6

Search no more for companies providing payday loan in Jaipur and extract maximum benefit from Rupeek by availing our gold loan services. Enjoy instant loan in 30 minutes at rates as low as 0.49%. Click to apply now!