Rajkot, touted the second cleanest city of India, contributes substantially to Gujarat’s economy with its textile and handicraft industries. Under Gujarat Industrial Development Corporation, this city is working swiftly towards creating job opportunities for the youth.
As per the Industrial Profile of Rajkot, there are more than 2.2 lakh daily workers employed in small scale industries and 24,000 medium and large enterprises. Moreover, locations like Kaba Gandhi no Delo, Watson museum, Ghela Somnath temple, etc. in the city contribute to the city’s economy through tourism.
This prosperity may seem comforting for a certain sect of the population, but the cost of living can be disturbing for the rest. Here, short-term financing options like payday loan in Rajkot can be lucrative to manage the gap between spending and saving for residents.
Payday loan Rajkot is an unsecured loan variant that can be availed against a short tenure. Apt to meet emergency cash crunch, this loan option needs to be repaid on the borrowers next payday.
Payday loan in same day in Rajkot is helpful when a salaried employee faces a shortage of fund or has exhausted his/her wages. The amount sanctioned against this instant cash loan can be used to pay off bills, manage household expenses, or take on small financial requirements.
Following are a few features to check before making a payday loan application.
These features can easily satisfy a borrower requiring instant finance for small scale spending. However, it is not suited for big-scale expenditure like medical emergency, marriage, etc. Further, a payday loan comes with certain variables which render it inconvenient during a crisis.
These issues may be concerning for borrowers looking for the lowest interest payday loans online.
If your search result for ‘payday loan lender in Rajkot near me’ seems unsatisfactory, we suggest replacing the keyword with gold loan lenders.
We are confident that result - Rupeek Fintech Pvt. Ltd., a trusted gold loan lender in Rajkot, will be sufficient in addressing financial woes.
Want to know why? Check the features below for confirmation.
Following are some aspects that make Rupeek one of the leading fintech companies in India when it comes to gold loans.
Rupeek believes in easing out borrowers’ concerns regarding their repayment capability. We have customised the repayment ways into two forms –
Potential borrowers can receive up to Rs. 1.5 crores against their pledged gold. They can use this fund to clear the debts or settle the outstanding amount from a payday loan.
The interest rate on a Rupeek gold loan starts from 0.49% per month, making the repayment affordable. The interest payment becomes hassle-free and creates a better way for a substantial saving.
We also offer a swift balance transfer facility to our borrowers. You need to share your pledge card with our loan manager and wait for the approval. One approved, you can shift the outstanding balance of an existing loan to avail better interest rates and terms of service.
Apart from the above-mentioned features, a borrower can also enjoy certain exclusive services by choosing Rupeek’s gold-backed payday loan in Rajkot.
Doorstep Loan Services – Through Rupeek, you can receive the desired loan amount against your pledged gold without leaving the comfort of your home. Following your application, our loan manager will reach your scheduled location regarding the KYC verification and gold authentication process. Once complete, the sanctioned amount will be transferred to your registered account within 30 minutes from approval.
Gold Loan Credit Line – Borrowers in need of instant funds can depend on our gold credit line facility. This facility allows customers to withdraw funds from a pre-sanctioned amount, as per their requirements. Moreover, the interest is levied on the withdrawn amount, not on the full credit line. This offers borrowers a chance to maximise their savings effectively.
Rupeek’s gold loan can be availed by individuals residing in the following locations in Rajkot -
In certain situations, payday loan in Rajkot may look beneficial, but the conditions attached can push a borrower into incurring sizeable debt. The lack of reliable lenders can also add on to the negatives of this loan type.
Thus, a potential borrower can look into a secured gold loan provider like Rupeek, offering a low-interest rate and multiple borrower-friendly services.
So, stop deliberating over payday loan online apply option, instead opt for a better variant like a gold loan.
Yes, borrowers are mandated to have a current bank account to avail this loan. Failing to fulfil this criterion can lead to cancelling of the application.
Yes, Rupeek sanctions its gold loan within 30 minutes. Comparatively, a payday loan may sanction within 48 hours or prior depending on the lender.
By repaying the loan amount against gold, Rupeek offers a good rebate. It is essential to know that this is applicable if the borrower makes timely and regular repayment.
According to India's government, a GST rate of 18% is applicable on financial products and services from 1st July 2017. Hence, GST is applicable on a payday loan.
The minimum amount sanctioned against a gold loan from Rupeek is Rs. 15,000.
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