Guntur, situated 40 miles to the north of Bay of Bengal, is the third-most populous city in Andhra Pradesh. Immersed in rich history, Buddhist influence, and scenic beauty, the city is adorned with places like Bhattiprolu, Suryalanka Beach, Amravati, Viswa Nagar, Uppalapadu Nature Conservation, and Kondaveedu Fort. Guntur is widely known for its chilli, cotton and tobacco export, and it hosts the most massive chilly yard of Asia.
Individuals in Guntur who are looking to finance their wedding, child’s education, home renovation, or any other large-scale expense can consider availing a personal loan. This financial product does not entail any end-use restriction, and one can use it to address an array of expenses. But, before that, one must meet the personal loan eligibility requirements.
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Since a personal loan in Guntur is traditionally unsecured, financial institutions check several eligibility parameters to determine a person’s repayment capacity and credibility. They include age, employment type, CIBIL Score of 750 or above, credit and employment history.
Once the applicant is deemed credible by the financial institution, they require applicants to submit the following documents.
Particulars |
Personal Loan Documents |
|
1. |
Address proof |
Aadhaar card/lease agreement/property purchase Agreement/ recent utility bill/passport/driving license |
2. |
Identity proof |
PAN card/ Voter’s Id/ Aadhaar card/Driving license |
3. (a) |
Income proof (For salaried individual) |
Salary slip/ bank account statement/ Form 16 |
(b) |
Income proof (For self-employed) |
Previous year’s ITR/ Income statement and balance sheet/ bank account statement. |
4. |
Photographs |
Passport-sized photographs |
The rigid personal loan eligibility criteria and lengthy documentation process can hinder the quick disbursal of collateral-free personal loans. Thus, one can consider a gold-backed personal loan due to its faster and easy processing.
Because gold backs up this financing option, the eligibility criteria are comparatively more flexible. Resultantly, the documents a person needs to submit to avail a personal loan against gold in Guntur is also minimal. However, there are other benefits as well that one can enjoy with a gold loan, depending on the lender. In this regard, individuals can trust our financial services at Rupeek without any second thought.
Our financial services at Rupeek are entirely designed to help individuals meet personal expenses, be it planned or unplanned expenditures, sans hassle. Our online personal loan proves beneficial for the following reasons –
Apart from these, we also offer gold overdraft facility. Let’s take a quick glance at the features of this facility.
Gold Overdraft facility, referred to as ‘Rupeek Quick’, lets borrowers secure a credit line against their gold’s value. Through this product, borrowers can withdraw funds any time from that sanctioned limit. Moreover, they can save a considerable amount by availing this facility as interest accrues only on the withdrawn sum and not the entire credit limit.
Individuals of Guntur in need of cash need not look any further as our financial services are spread across all the significant locations of the city.
Borrowers can avail our services in the following locations in Guntur:
Conclude your search for a ‘gold-backed personal loan provider near me’ with our fintech company Rupeek. Click apply now to experience the best personal financing solution in Guntur.
Individuals can repay their loan via net banking, debit cards, UPI, and money transfer using IMPS and RTGS.
We have tied up with some of the leading financial institutions in India, including Federal Bank, Karur Vysya Bank, and ICICI Bank.
No, Rupeek does not accept items like gold coins and bars. Only gold jewellery above 18 carats or above is approved by our lending partners.
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