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Personal loans in Bhopal

Avail an instant personal loan with 30-minutes doorstep service. Save up to Rs.12377 with our loan transfer facility. Lowest interest rates starting from 0.79%.

What are the Types of Personal Loan in Bhopal?

Personal loans have gained increasing popularity among millennials, owing to their end-use flexibility, which allows borrowers to utilise them in multiple ways, such as:

  • Higher Education Loan

Personal loans take off the burden of university students by helping them fund various higher studies expenses, like tuition fees and textbook purchase with a convenient repayment structure.

  • Home Renovation Loan

Individuals can opt for private finance in Bhopal to cover the expenses of necessary repairs, remodelling, or purchasing items for interior design.

  • Wedding Loan

Indian weddings can be an expensive affair and can overstrain a family’s finances considerably. Banks and NBFCs offer a personal loan in Bhopal to cater to all sorts of wedding expenses.

  • Medical Expenses Loan

Unforeseen emergencies, from hospitalisation to surgeries, require urgent finances. Personal loans are a feasible option to support costly treatment procedures.

  • Travelling Loan

Nowadays, people also apply for personal loan in Bhopal to fund lavish vacations abroad, which is a wise alternative to draining their lifelong savings.

What are the Eligibility Criteria to Avail a Personal Loan?

Although a personal loan is highly beneficial, due to their unsecured nature and a spike in default rates, finance companies in Bhopal only extend one to individuals who satisfy the following criteria:

  • Minimum age: 21 years.
  • Employment type: Self-employed or salaried
  • Monthly income: According to the lender’s requirements
  • CIBIL score: 750 or higher
  • Work experience for salaried individuals: At least 1 year with the current company.

What are the Documents Required for a Personal Loan?

Applicants also need to produce the following documents to prove their eligibility for a personal loan in Bhopal.

Sl. No.

Parameters

Requirements

1.

Identification proof

Voter ID, Aadhaar card, PAN card, driving license, or passport

2.

Address proof

Any of the above, utility bills, and rent agreement

3.

Financial records

For salaried individuals:

- Employee certificate or ID card

- Salary slip of last 3 months

- Bank account details of the previous 6 months

For self-employed individuals:

- Business ownership proof

- Bank account details of the previous 1 year

- Copy of income tax returns

How is Rupeek Gold Loan an Efficient Alternative?

The particular emphasis lenders put on the eligibility of applicants for unsecured personal loans has resulted in a majority of individuals failing to secure one. This, in turn, puts them in deep waters in the face of a crisis.

Victim of a similar situation? Worry not! Rupeek Fintech is here to ease your worry of elaborate eligibility criteria and credit score with an easy personal loan in Bhopal against gold.

Besides an array of gold loan schemes and prompt doorstep services, we provide significant benefits to our customers, like:

  • Affordable Interest Rates

Rupeek offers lowest interest rates for Personal Loan in Bhopal, starting from 0.79% per month. Thus, borrowers can manage interest payment without straining their savings. 

  • Maximum Loan-to-Value Ratio

Borrowers can avail up to 80% of their gold’s value as a personal loan from Rupeek. With loan amount up to Rs. 1.5 crores, individuals can meet any financial obligation easily.

  • High-Grade Security of Collaterals

We store the pledged gold articles in a partner bank vault within 5 km of the borrower’s residence. Our loan representative carries the gold items in a GPS-traceable bag. Additionally, all gold items are fully insured during the loan tenure.

  • Balance Transfer facility

Individuals can choose to transfer an existing loan to Rupeek by submitting their pledge card along with required documents. Our loan transfer facility allows customers to save up to Rs. 12,377 per lakh on interest.

  • Flexible Repayment

Rupeek provides flexibility in repayment with options to pay the loan amount at any time during the tenure or make a single bullet payment. Borrowers who make regular repayments can avail rebates as well.

  • Gold Overdraft Loan

Rupeek offers individuals with an exclusive credit line facility against gold called Rupeek Quick. If you are already a customer of Rupeek, you can pledge additional gold articles to take out an extended credit line. People with emergency financial requirements will benefit the most from this feature.

Moreover, people looking for a “personal loan provider near me” can avail our doorstep services in just 30 minutes owing to our wide coverage network across Bhopal.

Key Localities in Bhopal with Rupeek Services

Avail affordable gold loan services from Rupeek in the following areas of Bhopal:

  • Gandhi Nagar
  • Anand Nagar
  • Bagh Swaniya
  • Kohefiza
  • Bairagarh
  • Bhel Town
  • Chuna Bhatti
  • Arera Hills
  • Jahangirabad
  • Vallabh Bhawan
  • Kolar Road
  • Govindpura

Apart from the above-mentioned locations, you can also avail our services from anywhere in Bhopal and Madhya Pradesh with our simple online application process.

Take off the burden of lump-sum EMIs with affordable loan schemes from Rupeek Fintech. Apply for Bhopal personal loans on our website and avail attractive benefits today.

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Frequently asked questions

1. How long does it take to get a personal loan against gold?

Rupeek ensures speedy approval of gold loans with an easy online application process and doorstep loan facility. Get the verification process completed from the comfort of your residence and enjoy loan transfer, all within just 45 – 60 minutes.

2. What is the tenure of a gold-backed personal loan in Bhopal?

The tenure of a gold loan from Rupeek runs for 6 months on an average. But individuals can also choose to repay early or extend the repayment tenure.

3. How do I make a partial repayment of a personal loan against gold?

Go to the “Repay your loan” page, enter your registered mobile number and login with your received OTP. Under the payment option, select “Part Payment” and proceed with paying any amount between monthly interest and total amount.

4. Can I change my registered mobile number?

Yes, you can modify your contact details during the loan tenure. Please contact our customer support team to update your new mobile number in our database.

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