Synonymous with “Oxford of the East”, Pune or Poona houses many educational and research institutions, inviting a significant percentage of international students and professionals in the country. Besides education, Pune boasts of a robust automotive sector, housing manufacturing units of Land Rover, Mercedes Benz, Mahindra & Mahindra, and Bajaj Auto. The eighth-most populous city in the country is also a prominent IT hub with several large-scale software companies employing a majority of the educated youth.
Rising employment opportunities and increasing per capita income mean higher propensity to consume. But, running out of cash can be worrisome, especially when near the month-end. In such circumstances, individuals resort to a payday loan in Pune to address emergency expenditure till the next salary.
Also known as a cash advance loan, payday loans are unsecured funds offered to salaried individuals to help them meet any financial crisis between two successive paycheques. Some of the prominent features that make these a popular funding option are as follows.
These benefits, along with payday loans online availability, can make any individual opt for one without looking any further. But other specific features might not come off as borrower-friendly after availing one.
Although these might seem like the best instant funding option, individuals heading for payday loan application must be aware of the following consequences before getting stuck with such financial products.
If these inconveniences prevent you from availing a payday loan same day in Pune, choose gold loan as a more viable option for an instant cash loan in 1 hour.
Individuals looking for instant financial solutions can benefit better with a gold loan since it takes away all the cons of a payday loan Pune while bettering its advantages.
Once you are convinced of the advantages a gold loan can reward you with, it is time to pick the best gold loan provider after comparing several lenders’ policies.
At Rupeek, we strive to extend easy funding solutions to all strata of loan-seekers with various loan schemes to suit every need and budget. Besides the afore-mentioned advantages over a payday loan in Pune, Rupeek offers gold-backed funds with the best offers on several other fronts as well.
Following is a list of some unique advantages of a Rupeek gold loan over payday loans online.
Additionally, borrowers can also avail our 30-minute loan disbursal services from select locations in Pune.
Find your nearest locality of Rupeek gold loan services in Pune from the list given below.
Besides the above areas, we strive to make easy funds available to loan-seekers in every nook and corner of India.
Get over with your search for ‘payday loan near me’ and apply for a gold loan on our website. For latest updates on gold loan offers, download the Rupeek app at the earliest!
Applicants need to submit their KYC documents, along with employment proof, income proof, age proof, bank account statements and ITR documents, and a post-dated cheque to qualify for a payday loan.
No, it is mandatory to have active savings account to avail a payday loan in Pune.
The interest rates on payday loans can differ across lending institutions and can be confusing for borrowers when presented differently for daily and annually. Usually, companies charge interest daily. Suppose you take a loan of Rs. 10000 for 15 days at a rate of 1.5% per day. Thence, you need to pay Rs. 12250 [Principal + Rs 2250 (interest)].
No, payday loan applicants do not need you to present any form of security like a guarantor.
Availing a payday loan or any activity thereafter does not have any direct impact on your CIBIL score. However, if unpaid within due date, the lender can transfer your debts to a collecting agency, which can negatively affect your credit score.
Yes, Rupeek offers loan transfer facility, using which you can shift an existing gold after clearing all dues with the current lender. To avail this facility, submit your loan pledge card along with other necessary documents. You can cut down on interest payment up to Rs. 12,377 every lakh.
Our gold loans are more affordable than even the lowest interest payday loans with interest rates starting from 0.79% per month.
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