Renowned for the famous shrine of Veera Raghavar temple, Thiruvallur attracts many pilgrim tourists, besides being a primarily agricultural economy. With prominent railway and road networks facilitating commerce and transport across the city, this Grade-I municipality has attracted manufacturing units of several well-known companies like Delphi TVS, Mitsubishi, and Hindustan Motors, driving in most of its urban employment.
Keeping up with one’s indispensable financial requirements in such a fast-developing city can sometimes be taxing, especially when the next paycheque is still days away. A payday loan in Thiruvallur seems an effective solution to most loan-seekers in such circumstances.
Some of the most prominent features that make this type of instant personal loan, a popular borrowing option among low-earning individuals are as follows:
These financial products are unsecured. Borrowers do not need to provide any collateral or guarantor for security.
Most money lenders in Thiruvallur approve and sanction payday loans online via mobile applications and do not demand detailed documentation, facilitating prompt loan transfer, usually within the same day.
These funds come with a typically short repayment tenure, ranging over 2 – 4 weeks. Borrowers need to clear the due immediately after the succeeding salary is credited.
Lenders in Thiruvallur do not monitor the end-use of such cash loans online, which puts borrowers at the liberty of deciding the utility of these financial products. This can be anything from financing an emergency appointment to paying bills.
Although payday loan eligibility does not mandate a minimum CIBIL score, to qualify for cash advance loan applicants must:
As proof of the above eligibility claims, applicants also need to provide supporting documents.
Lending institutions ensure individuals produce the following documents to qualify for a payday loan in Thiruvallur.
Although these characteristics might seem innocuous at first glance, individuals heading ahead with an application will have to face some significant inconveniences post payday loan guaranteed approval, if not careful.
In exchange for the instant online approval, disbursal, and no requirement for credit credentials, lending companies set a strikingly high borrowing cost against these financial products, comprising:
Such high borrowing costs can put any loan seeker in an inescapable debt cycle, thus, making this means of personal credit inherently non-profitable.
A gold-backed fund can be a better substitute for an emergency same day loan in such circumstances. Their lower interest rates and longer loan tenure allow borrowers to repay more conveniently, reducing the default risk.
When switching to a gold loan for funding, why not choose the lender with the best deals?
With over 1 lakh+ trusted customers, Rupeek has been catering to individuals across India with a variety of loan schemes. Read on to know about more of the advantages we offer over a payday loan in Thiruvallur.
Following are some of the most prominent offers that make Rupeek gold loan a viable funding option.
Willing individuals can avail these unique advantages with a hassle-free online loan request from anywhere in India, including Thiruvallur.
Avail Rupeek gold loan in 30 minutes from the following areas in Thiruvallur.
What are you waiting for? End your ‘payday loan provider near me’ searches with gold-backed funds from Rupeek. Visit our website to place a loan request or contact us for further queries.
When a borrower fails to make full repayment of a payday loan, it often gets automatically renewed with additional charges, instead of entering a default. This new loan is termed as rollover loan.
Payday loans are sanctioned to help borrowers meet the gap between successive salaries, which must be repaid on receiving the next paycheque. This eventually makes such loans a part of borrowers’ next salary, thus, acting as cash advance loans.
Rupeek carries out safe transportation of gold items via GPS-fitted bags. After that, we store them in secure lockers of partner banks within a 5 km radius of the borrower’s residence. Additionally, all gold items are fully insured against any unforeseen incident like damage or theft.
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