Payday Loan in Trivandrum

Trivandrum, now known as Thiruvananthapuram, is a major economy with prominent IT, aerospace, and trade sectors. Prathidwani, the welfare group of Technopark, has created employment opportunities in this city with Kerala government's support.

Tourist spots like Padmanabhaswamy Temple, Kovalam beach, Kanakakkunnu Palace, contribute significantly to its economy. The fast pacing development of Trivandrum has undoubtedly augmented inflation, leading salaried individuals to turn to a payday loan in Trivandrum nearing month’s end.

It is an unsecured loan variant that can be availed for a short tenure with less documentation. Due to its quick disbursal process, this emergency same-day loan can help individuals meet urgent expenses like paying rent or utility bills.

One can rest assured about the payday loan guaranteed approval as there is no stringency regarding CIBIL score.

Some of its features that make it preferable among Tirunelveli residents are –

A potential borrower can receive emergency cash immediately without going through the hassle of collateral and guarantor.
Since there is no hassle of credit score-checks, borrowers needn’t worry about a payday loan bad credit score improvement.
The application process and disbursal of funds are fast.

Even though a payday loan works charms during emergencies, individuals should be wary of the finance charges levied. Interest rates on such financing options start from 0.5% per day to 2% per day. To put it in perspective, a person needs to incur Rs. 200 as interest when he repays a loan of Rs. 10000 on the next day. If he takes an entire month to repay that, interest charge comes to Rs. 6000. A sizeable payday loan Trivandrum can bear down a person’s disposable income. Also, the repayment term is short, making it all the burdensome on a person’s finances.

Individuals may consider an instant secured loan variant in lieu of searching ‘payday loan near me’. In this regard, a gold-backed credit facility fares better.

Wondering what makes Rupeek a preferred gold loan lender in Trivandrum? Here are the facts to resolve your queries.

Here are a few reasons to select Rupeek as a preferred gold loan provider –

Substantial Loan Amount

With Rupeek, individuals can get a gold loan ranging from Rs. 15000 to Rs. 1.5 crores. You can use these funds for any purpose, including settling a payday loan in Trivandrum. Prospective borrowers can use our gold loan calculator to estimate the loan available against the pledged gold.

Easy Balance Transfer

The loan transfer facility helps our customers save up to Rs. 12377 per lakh on their gold-backed cash loans online repayments. They need to clear the interest on their existing loan and share the pledge card and necessary documents with our representative to transfer their loan.

Low-Interest Rate

Moreover, the monthly interest rate levied by us on gold loans starts at 0.49%. Interest payment against our instant cash loan is, thus, way affordable, unlike a payday loan.

Better Repayment Options

Our gold loan borrowers receive the flexibility of repayment. They can opt for traditional EMI repayment or repay at their ease whenever during the tenure.

Doorstep Loan

Following your application, our loan manager will contact you to schedule an appointment. After configuration of documents and gold purity, the loan amount is transferred to your account within 30 minutes.

Apart from these features, we offer a lucrative gold credit line facility to aid a borrower in his/her saving endeavour.

Also referred to as Rupeek Quick, our gold overdraft loan allows individuals to draw cash from an approved limit whenever they want. It’s offered sans added documentation. All a person needs to submit are additional gold ornaments to avail it. It also makes for extra savings on borrowing because the interest is only calculated on the withdrawn amount.

What serves as an additional benefit is our extensive service network in Trivandrum that allows us to offer swift doorstep services.

Comparision Parameters	Payday Loan	Gold Loan
Interest Rate	2.39%	0.49%
Monthly Interest Amount
Eligibility & Documentation	More Documents Needed	Only KYC Needed
Processing Time & Disbursement	2 days to 1 week	Within a day
Required Gold Weight	-