Surrounded by the Western Ghats, Coimbatore is Tamil Nadu’s second-largest city in and is located on the banks of Novyal River. Coimbatore is also one of India’s fastest-growing tier-II cities with a strong footprint in manufacturing, education and healthcare sectors. The presence of several corporate parks and a booming IT industry is highly responsible for the large-scale workforce in Coimbatore.
To comply with the demands of fast-pacing and modern lifestyle, people living here often resort to various loan options, among which the most popular is a personal loan. The multitudinous advantages offered by this financing option enable individuals to tide over several financial crises and other personal needs efficiently.
Loan Amount
Tenure
Interest Rate
Edit
Gold Weight
Gold Purity
Tenure
Edit
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:
Particulars |
Personal loan |
|
1. |
Identity proof |
Pan Card/ Voter’s Id/ Aadhar Card/Driving License/Passport |
2. |
Address proof |
Aadhar Card/Lease/Property Purchase Agreement/Utility Bill/Passport/Driving License |
3. |
Income proof (for salaried individuals) |
Bank account Statement/ Form 16/ Salary slip |
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:
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:
Besides these benefits, borrowers can also make use of the credit line we extend to enjoy hassle-free financing.
This document has been composed with the free HTML edior. Click here to give it a try.
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:
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.
Individuals need to keep certain things in mind when applying for a gold-backed personal loan, such as Loan to Value ratio, interest rate, gold security, disbursal time, and repayment schemes.
Request a loan by downloading the Rupeek app or give us a call or visit our official website. Our loan representative will visit your residence for gold appraisal and KYC verification. Subsequently, you will receive the funds in your account.
No, a CIBIL Score is not relevant to the eligibility of a gold-backed personal loan.
Your request has been received, our customer relationship manager has been notified and will call you shortly
(5.88% P.A)