Personal loans in Coimbatore

Personal loans come with primarily two advantages. Firstly, these loans do not impose any end-use restriction, which means borrowers can use it however they wish to. A personal loan in Coimbatore can be used for any kind of personal reasons, ranging from renovating houses, funding vacations, higher educations or consolidating debt. Secondly, personal loans do not require individuals to pledge any asset.

Most banks and NBFCs offer a personal loan to both salaried individuals and self-employed persons. However, the eligibility criteria vary with each lending institution, but it generally includes parameters like age, salary, income, payment capacity, and also the place of residence.

Moreover, to get approval for a personal loan, individuals must have a regular source of income and a credit score of 750 or above. 

Borrowers need to provide a list of essential documents during loan application. The required documents are discussed below:

Through this financing option, people can utilise the equity of their gold ornaments to acquire substantial funds. Other advantages of availing of a gold-backed personal loan include:

• The minimal documentation of gold loan enables borrowers to enjoy quick disbursal.
• The cost of availing a personal loan in Coimbatore is lower owing to its secured nature.
• The tenure of gold loans mostly ranges from 4-6 months, which saves borrowers from the long-term burden of paying EMIs.

Besides looking for these features, one must also ensure easy repayment terms, simpler disbursal process, and availability of high-value loan to enhance their convenience. Individuals can find these and more benefits with us at Rupeek.

Individuals looking for a personal loan in Coimbatore can trust our financial solutions for a number of reasons. These include:

• Easy Documentation: We only require KYC documents and utility bill/rental agreement of borrowers during loan processing. Moreover, while applying for a gold-backed personal loan in Coimbatore with us, applicants need not have a credit score of 750+ or any substantial credit history to prove their creditworthiness.
• Quick Disbursal: Individuals can avail a gold loan within just 45-60 minutes with Rupeek. It is much faster than an unsecured personal loan, which generally takes around 2 – 14 days.
• Highest LTV: We feature LTV of up to 80%. Borrowers can get a fair idea about the loan amount by using our gold loan calculator. One can also input their desired loan amount to learn the quantity of gold they need to pledge.
• Doorstep Service: We offer instant doorstep loan services across Coimbatore. The entire process from document verification to gold appraisal is executed at the borrower’s house to ensure the highest safety and hassle-free experience.
• Affordable Interest Rate: With our financial services, borrowers are assured of getting a low personal loan interest rates. Our interest rate starts from 0.79% per month, which is much lower than that of a traditional personal loan.
• Flexible Repayment: We enable our customers to repay the loan amount as per their convenience. They can pay monthly EMIs or any time within 6 months, depending on the scheme they choose.

Besides these benefits, borrowers can also make use of the credit line we extend to enjoy hassle-free financing.

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We also offer an overdraft facility, known as ‘Rupeek Quick’. Through this product, existing borrowers can get an extended credit line by pledging their gold. Also, borrowers enjoy the additional advantage of paying interest only on the expended amount and not on the entire borrowed sum.

Customers in and around the following areas can avail our instant doorstep loan service:

• Coimbatore Tidel Park
• Singanallur
• Thondamuthur
• Periyanaickenpalayam
• Gopalapuram
• Malumichampatti
• Saravanampatti
• Peelamedu
• Vadavalli
• Kovaipudur
• Marudamalai Road

Borrowers who are willing to take a gold-backed personal loan in Coimbatore can easily enjoy the quickest financial services from us. Get in touch with us today for further information.