Personal Loan in Bangalore

Following are some of the crucial features of personal loan in Bangalore. 

• Loan Value 

Most lenders offer a loan amount of up to Rs.50 lakh to those with proper personal loan eligibility. 

• Interest Rates 

Personal loan interest rates generally start from 8% and can go up to 24% and onwards. The applicable interest rate of a personal loan depends on several factors like the borrower’s credit score, income, employment stability, etc. 

• Loan Tenure 

The tenure of a personal loan in Bangalore generally extends up to 60 months. Hence, prospective borrowers must plan their repayment judiciously to ensure efficient repayment sans hiccups.

• Eligibility 

Individuals need to fulfil several eligibility criteria to get an instant personal loan. While meeting the eligibility criteria is mandatory for all credit facilities, its importance increases ten-fold for unsecured loans like a personal loan. 

Therefore, willing individuals need to check the lender-specific criteria while searching for “personal loan providers near me”. It generally includes 750+ credit score, income above Rs. 25000, a steady repayment history, stable income source, etc.

• Documentation 

It is an integral part of a loan application process. Individuals need to submit multiple documents to prove their credibility to avail a personal loan in Bangalore. 

Mainly due to these stringent requirements and high interest rates, not everyone can avail this financing facility. In such cases, individuals can consider Rupeek gold loan as an alternative. 

Prospective borrowers can not only get the funds with less hassle but also apply for a higher amount to meet large-ticket expenses efficiently with a gold loan offered by Rupeek. They can also use our gold loan calculator to estimate the amount they can take out. Besides these, individuals can also enjoy a host of other benefits with Rupeek.

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Here’s a glimpse of the critical features of our gold loan facility: 

• Robust Gold Security 

We follow a robust security protocol to ensure optimal safety of the pledge gold items. After collecting the gold, our loan manager carries the gold in a GPS-traceable bag to the nearest bank vault. We also offer complimentary door-to-door insurance of the pledged gold for the entire tenure. 

During the release of the gold also, the same procedure is followed. 

• Highest Per Gram Rate 

Another significant advantage borrowers enjoy with us is our offering of the highest per gram rate. Individuals can acquire a high loan value of up to Rs. 1.5 crore against their pledged gold articles. 

• Lowest Interest Rate

If you are looking for the lowest personal loan interest rates, Rupeek gold can be your best bet. We offer loans starting at just 0.49% per month. Borrowers can also save a substantial amount on interest payment since the loan tenure is shorter than a personal loan. 

• Convenient Repayment Structure 

Individuals can choose a repayment schedule based on their financial capacity, unlike a traditional personal loan that requires one to pay monthly EMIs. They can either repay the amount every month throughout the tenure or repay the entire amount via a single bullet payment option. 

• Minimal Documentation 

The only documents required for a gold loan are KYC documents and utility bills or rental agreement. Moreover, the verification process takes place at the applicant’s residence.

• Instant Approval and Disbursal 

The approval and disbursal take around 45 – 60 minutes via our doorstep services. This lets borrowers meet urgent financial obligations efficiently.

For further convenience concerning immediate mitigation of emergencies, borrowers can utilise our extended credit line against gold facility. 

Besides regular gold loan schemes, we also offer a gold loan overdraft facility, called Rupeek Quick. Customers can secure funds on top of their principal borrowing by pledging additional gold items through this facility. 

One does not need to submit any additional documents to avail this credit line. Moreover, we approve and disburse the amount directly to their wallet so that they can use the funds for any short-term, emergency purposes. Another USP of this facility is that they only need to pay interest on the amount withdrawn or utilised. 

Furthermore, our presence across the major localities of Bangalore makes it simpler and quicker for individuals to avail our services.

We offer our facilities in and around the following localities of Bangalore –

1. Koramangala
2. HSR Layout
3. Electronics city
4. Yelahanka
5. Whitefield
6. Banashankari
7. Bommanahalli
8. Bannerghatta
9. Sampangi Rama Nagar
10. Hoskote
11. Hal old airport road
12. Bellandur
13. Nelamangala
14. Banaswadi
15. JP Nagar

You can get an instant online gold loan at your doorstep within 30 minutes with us at Rupeek. It ensures that you don’t have to wait for long to get funds during an emergency. 

Apply for a Rupeek gold loan today and meet your expenses timely!