Amritsar

Personal Loan in Amritsar

Renowned for The Golden Temple, Amritsar is a hotspot for tourist activity besides the service and manufacturing industries contributing significantly to its GDP. An excellent rail and road network ensures effective connectivity, which makes Amritsar the most sought-after destination among NRIs.

Such a burgeoning urban population means rapid economic growth. Individuals looking for financial assistance to cope with the rising costs in Amritsar and meet their various large-scale and unplanned expenses efficiently can turn to a personal loan. It helps people to avoid draining their savings and defray the necessary costs at the same time.

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Salient Features of a Personal Loan in Amritsar

A few standard features of a personal loan are mentioned below –

  • Borrowers can utilise an online personal loan to fund any requirement, from medical emergencies to wedding expenses.
  • In most cases, personal loans are unsecured, meaning individuals can avail them without committing any asset.
  • Lending institutions prefer applicants with a credit score above 750. Moreover, individuals need to boast a high monthly income to be eligible for a substantial loan amount.
  • As proof of an individual matching the afore-mentioned parameters, he/she needs to submit the following supporting documents as well –
  • OVDs for KYC
  • Employee certificate or ID card
  • Last 6 months’ bank account statements
  • Copy of ITR
  • Salary slips of the past 3 months

Quite naturally, such a complicated verification process delays loan transfer significantly and can hinder one’s financial plans. Plus, the strict eligibility criteria can lead to loan rejections or high interest rates for certain applicants, especially ones who are new to credit or have started to earn recently.

For such individuals, a gold loan makes for an excellent substitute to an unsecured personal loan in Amritsar, with an array of striking advantages over the latter.

Comparison between Gold Loan and Traditional Personal Loan

Refer to the table below to understand the benefits of a gold loan over traditional personal loan better.

Particulars

Gold Loan

Personal Loan

Loan Type

Secured

Unsecured

Eligibility

Aged 18+years, possess gold.

As mentioned above

Documentation

Minimal 

Time-consuming

Disbursal time

A few hours

Takes longer

One of the best NBFCs, offering these distinct benefits and more is Rupeek. With an extensive range of loan schemes to choose from, we aim to provide for the financial shortcomings of even individuals with a poor credit score or uncertain earnings.

Read on to know more about the exclusive pros of availing our personal loan apply services.

Benefits of Choosing a Rupeek Gold Loan

  • Sizeable Loan Amount

Know the best rate against your gold ornaments with our online gold loan calculator. Avail up to Rs. 1.5 crores against your collateral’s value with our highest per gram rate.

  • Easy Repayment Options

Rupeek offers flexibility in repayment with several schemes like monthly payment, single bullet payment, and payment of any amount at any time within the tenure to choose from.

  • Low Interest

Enjoy optimum savings on interest payment with Rupeek’s lowest personal loan interest rates starting from 0.49% per month.

  • Overdraft Facility

Pay interest only on the amount you use and save considerably on repayment with our overdraft facility, Rupeek Quick. Individuals can also access funds anytime with this extended credit line option to deal with any emergencies efficiently.

Additionally, Rupeek provides an instant doorstep gold loan against every registered application to ensure a hassle-free verification process and loan disbursal. Loan transfer can be completed within as less as 30 minutes post-approval, in and around select locations in Jalandhar.

Avail Our Services in Jalandhar

Following is a list of the prominent localities where one can avail an instant personal loan in Jalandhar from us.

  • Ramdass
  • Majitha
  • Beas
  • Grant Trunk Road
  • Ajnala
  • Katra Ahluwalia
  • Baba Bakala
  • Goal Bagh
  • Lawrence Road
  • Chheharta
  • Medical Enclave
  • Verka

Residing in one of the fastest-developing city of Punjab can come with high costs, but with our gold-backed personal loan in Amritsar, you need not scratch your head over recurring debts. End your “personal loan company near me” searches and choose personal loan apply online on the Rupeek website today!

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Frequently asked questions

1. Can I transfer an existing gold-backed loan to Rupeek?

Yes, you can always choose to transfer your balance amount to Rupeek by submitting an existing loan pledge card and necessary documents. Following that, you need to pay the outstanding interest to your existing lender to complete the process. With our loan transfer facility, you can save an additional Rs.12377 per lakh on interest payment.

2. How to apply for a personal loan in Amritsar against gold?

Visit the Rupeek website or download the app to place a loan request. Get KYC verified and gold appraised with our doorstep service from the comfort of your home. Receive funds within few minutes of approval.

3. What should I do to extend my existing personal loan tenure with Rupeek?

You need to re-pledge your gold ornaments to extend your loan tenure. Kindly contact our customer service team for prompt assistance.

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