Situated approximately 146 kms away from Chandigarh in Punjab, Jalandhar is a city rich in tradition and culture. It has also recently become a hub for education and sports in the northern part of India. The main contributors of Jalandhar’s GDP include the furniture and leather manufacturing industry, which have played a vital role in the city’s economic development.
However, due to the increased cost of living, and no improvement in the wage and salary structure, financing various expenses, such as rent, and medical emergencies has become extremely difficult. Hence, individuals are now opting for instant financing options such as a payday loan in Jalandhar to fulfil the urgent financial needs.
A payday loan is a high-interest, instant loan, which can be availed to make ends meet before your next salary is credited to your account. Hence, this can be regarded as a means of advance salary Jalandhar. Alternatively, these are also availed by millennials to keep up with up with a lavish lifestyle.
The following are some of the features of a payday loan -
However, before availing a payday loan in Jalandhar, all individuals must fulfil a set of eligibility criteria.
Payday loan eligibility criteria require applicants to fulfil the following requirements:
Individuals who are eligible for a payday loan are required to submit the following documents:
Although a payday loan Jalandhar might have a few favourable features, it also comes with some major drawbacks such as substantially high interest rates and the requirement for employment-related documents. Out of the two, the former is a major concern as failing to repay the loan amount on time can have an adverse effect on the credit score of an individual.
Moreover, the high interest rates and additional charges imposed by the payday loan company in Jalandhar can lure you into a debt trap. Therefore, as an alternative, you can stop your low interest payday loan searches and opt for a gold loan instead.
A gold loan is a secured funding option which an individual avails from a lender by pledging his/her gold as collateral. Unlike a payday loan in Jalandhar, these come with various benefits such as no end-use limitations and minimal documentation. Moreover, there are various lender-specific benefits that one can use to their advantage.
Rupeek offers the cheapest gold loan solutions in India, which start at an interest rate of 0.49% only. Hence, if you’re looking for an instant personal loan, availing our services can be a wise decision.
One can take advantage of the following features by availing a gold loan from us:
Since the past years, we’ve been expanding our operations across various parts of India. Owing to our doorstep facility, individuals can avail our services from the comfort of their homes. However, their location has to be within our area of operation.
You can avail our doorstep loan facility from the following areas:
Now that you are aware of the benefits of availing our gold loan, you can end your search for the best ‘payday loan provider near me’. Avail our gold-backed payday loan in Jalandhar instead and meet all your urgent finance requirements until your next salary is credited to your account.
No, you will not be eligible for a payday loan if you’re not a full-time employee.
Yes, a higher loan amount can be sanctioned to you after a salary hike. However, you would need to show the latest salary slip or bank account statement, which reflects your increment.
The maximum loan amount that we offer is Rs.1.5 crore; whereas, the minimum limit that can be availed as our gold loan is Rs. 15,000
Rupeek has partnered with the top organisations in the country to keep your gold safe. Once the formalities are over, your gold is taken to the designated bank branch in a sealed bag which has a GPS tracker fitted to it. Once it is received at the bank, it is deposited in a vault under military-level security. In addition to this, we provide 100% door to door insurance.
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