Howrah

Personal Loan in Howrah

Howrah, the transportation hub of West Bengal, forms an effective rail and road networks between important cities and towns. The city is renowned for the famous Howrah Bridge, which spans over the Hooghly river, connecting the Howrah and Kolkata.

The district’s flawless communication modes and its proximity to the state capital have aided in a fast-developing economy. Resultantly, it impels more and more residents to seek personal loan in Howrah to keep up with surging living costs.

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Why Do Individuals Choose a Personal Loan?

These are a few standard features of a personal loan in Howrah –

  • No Security Required

A personal loan in Howrah does not require pledging any asset. Banks and NBFCs sanction a personal loan solely based on the applicant’s eligibility.

  • Loan Amount

Financiers in Howrah offer a maximum of Rs. 40 lakh for personal finance, which can be adequate to meet a host of expenses.

  • Convenient End-Use

Personal loans come with no restrictions on their application. Thus, it allows borrowers to utilise a personal loan for a number of reasons.

To compensate for the lack of security, lending institutions place increased emphasis on an individual’s financial history to determine their credibility.

Who can apply for a Personal Loan in Howrah?

Since so much depends on the applicants’ creditworthiness, banks and NBFCs extend a personal loan in Howrah only to individuals matching the following requirements.

  • Aged above 21 years
  • Self-employed or salaried individual
  • CIBIL score not below 750.
  • Minimum 1-year work experience with current employer
  • Minimum monthly income in accordance with the lender’s criteria

Individuals opting for a “personal loan apply” must also provide the following documents.

  • ID and Address proof: KYC documents
  • Income proof: Salary slip of the past 3 months, details of bank account for the preceding 6 months, ITR documents, etc.
  • Employment proof: ID card or certificate

Lenders also charge high rates of interest, ranging from 11% to as high as 35%, due to a personal loan’s unsecured nature.

Considering all conditions, it becomes fairly challenging for individuals with unstable income source or a poor credit score to meet the personal loan eligibility. Naturally, prospective borrowers need to search “personal loan providers near me” with more viable alternatives. In such circumstances, a gold loan offered by Rupeek can turn out to be an excellent option.

How is Rupeek Gold Loan a Better Choice?

Almost every household in India has gold ornaments lying idle in the locker. Rupeek gives you the opportunity to put your gold into use by availing a loan against them. With our online service, you get to choose from the best loan schemes and avail additional benefits such as:

  • Flexible Eligibility Criteria

The primary benefit of a gold loan is its easy availability. Rupeek allows even individuals with low CIBIL score and poor repayment history to acquire funds against gold jewellery.

  • Lowest Interest Rates

Rupeek levies the lowest personal loan interest rates, starting from 0.49% p.m. Know your eligible loan amount against gold with our online calculator.

  • Optimum Collateral Security

We ensure your gold items are reserved with the highest safety by using a GPS-secured bag for transportation and storing them in premium-grade vaults of partner banks, thereafter. Your collaterals are also fully insured against any sort of damage while in our custody.

  • Highest Per Gram Rate

Get the best value for your gold with the highest LTV ratio of 80%. Acquire funds up to Rs. 1.5 crores to meet all your expenses efficiently.

We also offer an extended credit line against gold, exclusive to existing Rupeek customers who are looking for quick, short-term funds.

What is Rupeek’s Gold Loan Overdraft Facility?

Known as Rupeek Quick, this facility allows you to avail a credit line by pledging additional gold items. You can avail credit as per your convenience from the sanctioned limit anytime. Repay and bear interests only on the amount withdrawn and save remarkably on interest payments. Plus, this facility will significantly benefit individuals looking for an instant personal loan with direct money transfer to their in-app wallet.

Apply for an online personal loan against gold with Rupeek and avail such efficient services and benefits from anywhere in India, including Howrah.

Where in Howrah Can You Avail Our Services?

Following is a list of some of the prominent localities in Howrah where Rupeek provides its gold loan services.

  • Alampur
  • Argari
  • Bandel
  • Bankra
  • Kalara
  • Chakpara
  • Mahiari
  • Tentulkuli
  • Eksara
  • Karia

With a commanding presence in and around these areas, Rupeek promises instant doorstep service along with the aforementioned perks. Get access to our effective alternative to a personal loan in Howrah at your fingertips on our official website.

Contact us for more details on doorstep online gold loan.

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Frequently asked questions

1. How long does it take to avail a personal loan in Howrah with Rupeek?

With our instant doorstep service, you can expect to receive the funds in your account within an hour of application.

2. What are the options to repay a gold loan with Rupeek?

With Rupeek, you can enjoy flexible repayment with options for traditional EMIs, single bullet payment, or pay instalments anytime within the tenure.

3. Can I avail a personal loan against gold coins?

No, our lending partners currently do not accept any gold items other than gold jewellery as collateral.

4. What documents do I need to submit to qualify for a personal loan in Howrah?

You only need to submit your KYC documents to successfully avail a Rupeek gold loan. These documents may include Aadhaar card, voter ID, passport, PAN card, or driving license and additional documents for address proof, such as recent utility bills or lease agreement.

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