Vijayawada is a city in the central region of Andhra Pradesh, located on the banks of River Krishna. It is rich in culture and is home to famous temples such as the Kanaka Durga Temple and Subramanya Swamy Temple. Bounded by the Indra Indrakeeladri Hills, this city is a central hub for commerce and education. Moreover, as per the Oxford Economics report, Vijayawada is one of India’s fastest-growing cities.
The construction, entertainment and food processing industries have been instrumental in the rapid development of this city. However, owing to the increased cost of living in Vijayawada, financing short-term expenses such as rent or electricity bills when it’s month-end can be challenging. Hence, to make ends meet, most individuals are now opting for a payday loan in Vijayawada.
This is an ultra-short-term means of finance, enabling individuals to have instant access to funds. Nevertheless, before availing this, one must be familiar with its features and drawbacks.
A payday loan or a cash advance loan comes with the following features:
Although some of the features may appeal to individuals who need urgent cash, the following disadvantages should be considered while planning:
Owing to the high interest rates and the additional risks associated with a payday loan in Vijayawada, most individuals are now avoiding such a credit form. Instead, they are opting for better alternatives such as a gold loan. Hence, if you do not meet the eligibility criteria or are concerned regarding the high interest rates, pledging your idle gold for a secure advance can be an ideal solution.
Rupeek is renowned for its efficient gold loan solutions that have been specifically designed to fulfil your financial requirements affordably. We are relied upon by many salaried and self-employed individuals for providing a gold loan in minutes without any hassle.
You can take advantage of the following benefits by availing our gold-backed payday loan in Vijayawada:
In addition to these features, we also offer a doorstep loan service, which you can avail from your preferred location. Place a request via our app, and our loan manager will reach your location within 30 minutes to value your gold items and complete the KYC verification.
Currently, we are offering our services in the following areas:
You can now finally put an end to your ‘payday loan provider near me’ searches. Apply for a gold-backed payday loan in Vijayawada from Rupeek, and finance all your short-term and long-term financial requirements effortlessly.
To avail a payday loan in minutes, applicants are required to submit their Aadhaar card, PAN card, and address proof such as a passport or Voter ID card, and lastly, salary slip of the past 3 months.
Applicants must be a salaried individual and above 18 years old to get an instant cash loan in 1 hour. Since the lenders perform no credit score checks, one can get instant access to funds even with a low credit score.
Unfortunately, our lending partners do not approve of gold coins or bars as legitimate collateral. You can only take a gold loan with ornaments of purity between 18k – 22k.
Rupeek has partnered with Brinks, who safely transports your gold to the authorised bank branch in a sealed bag equipped with a GPS tracker. Once it arrives at the unit, it is safely stored in a locker under strict bank-grade security.
The loan amount is based on your monthly income. An Rs. 20000 loan will only be sanctioned if your gross income is higher than that.
Your request has been received, our customer relationship manager has been notified and will call you shortly