Situated in the National Capital Region, Faridabad is the most populous city in Haryana. The major attraction in Faridabad includes places and malls like Raja Nahar Singh Palace, Surajkund Lake, Badkhal Lake, and Crown Interioz Mall.
Reckoned as the eighth-fastest growing city globally, Faridabad is a leading industrial hub in Haryana. The recently established residential and industrial part of Faridabad, known as Greater Faridabad, stands testimonial to the expanding population as well as their growing needs. Resultantly, to comply with a rising standard of living, more and more people in Faridabad are opting for a personal loan.
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Since a personal loan in Faridabad does not entail end-use restriction, borrowers can use it to address any number of monetary obligations. Some of the common ways a person uses this financing option are –
To get approval of a personal loan in Faridabad, applicants must fulfil specific eligibility criteria. The essential factors that almost all banks and NBFCs check include, age, income level, place of residence, CIBIL Score of 750 or above, credit and employment history, and the repayment capacity of the individual. Applicants must also furnish their KYC documents and income proof to apply for a personal loan.
As personal loans are unsecured in most cases, banks and NBFCs set stringent eligibility criteria and lengthy documentation to minimise the risk of any future loss. Personal loan interest rates are generally high for that reason as well. Thus, individuals looking for quick and hassle-free financing may consider a gold loan for their personal needs.
As gold loans are secured in nature, they come with numerous beneficial features. A detailed comparison between a personal loan and gold-backed personal loan will help borrowers to understand the underlying benefits of the latter.
Particulars |
Personal loan |
Gold-backed personal loan |
Loan type |
Unsecured |
Secured |
Eligibility criteria |
Stringent |
Relaxed |
Documentation |
Lengthy |
Simple |
CIBIL Score |
750 or above |
Not required |
Tenure |
1-5 years |
4-6 months |
Besides these standard benefits, individuals can enjoy a host of other customer-friendly benefits with us at Rupeek.
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Prospective borrowers can expect the following features and benefits with Rupeek:
What’s more, our financial services are well available from all major locations in Faridabad. Thus, individuals need not look any further for their financial needs.
Here’s a list of localities where one can avail our services in Faridabad –
Conclude your search for a ‘gold-backed instant personal loan provider near me’ with our financial services at Rupeek. Get in touch with us today for assistance or any query that you may have.
We offer various repayment methods. Individuals can opt for money transfer using RTGS or IMPS, UPI, internet banking, or debit card to repay their loan via our online portal.
No, Rupeek does not accept gold bars and coins. Only gold jewellery above 18 carats or above is admitted as collateral.
A credit score of 650 may not qualify you for a collateral-free personal loan. However, it is sufficient for a personal loan against gold.
The minimum and maximum gold-backed business loan amounts are Rs. 15000 and 1.5 crores, respectively.
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