Indore, the most populated city of Madhya Pradesh, is a major economic centre and has been a vital princely state under the Maratha Holkar dynasty. The Rajwada Palace is a testimony to that period.
It is also growing as a hub for corporate joints with several IT companies contributing to its GDP. Termed as the “commercial capital of central India”, the city houses leading engineering and management institutions, IIT and IIM, which furthers the state’s development by helping jobs meet talent.
Adjusting one’s financial requirements amidst such a rapidly-growing economy can pose a big challenge, to which personal loan in Indore provides a reliable solution.
Here are a few standard features of a traditional personal loan in Indore, Madhya Pradesh –
Personal loans come with zero restriction on end-use, which gives borrowers the liberty to sponsor any purpose for which they don’t want to drain their savings.
Individuals do not need to pledge their assets to secure a personal loan. Individuals can avail funds based on their CIBIL score and other aspects related to eligibility.
Finance companies in Indore offer loans for private finance up to Rs. 40 lakhs, which is a substantial amount for individuals to address their financial obligations.
Given their versatility of usage, personal loan in Indore enables people to meet all sorts of financial requirements, emergency or planned. Some of the most popular use-cases of this financial product include:
The unsecured nature of personal loans poses a high risk for lending parties. Additionally, given the soaring number of defaulters, banks and NBFCs have become exceedingly strict with personal loan eligibility.
Following is a list of the criteria an individual has to match to qualify for this financial product.
Besides, applicants also need to submit the following personal loan documents for successful verification.
The stringent eligibility criteria for a personal loan in Indore make it difficult for individuals to successfully apply for personal loan. To compensate for the lack of security, this financing option also comes with high rates of interest, ranging from 11% to 36%, which can result in overbearing EMIs.
Gold loans are an excellent solution to individuals struggling to avail cash in adverse situations. Individuals can now pledge their gold ornaments and secure a low-interest personal loan Indore against relaxed eligibility criteria and brief documentation.
To enjoy additional benefits, individuals can consider opting for Rupeek’s financial services.
Within 4 years of its establishment, Rupeek has made an online personal loan against gold an increasingly popular option among “personal loan providers near me” searchers.
With prominent financial bodies like Federal Bank, Karur Vysya Bank, and ICICI bank as lending partners, we offer our customers a hoard of gold loan schemes to choose from besides other benefits, like:
That’s not all. Our services become more accessible owing to our strong presence across the major localities in Indore.
Here is a list of some of the prominent areas in Indore Rupeek extends its services to:
Do not let the lack of funds put your ambitions and needs on hold. Apply for a gold-backed personal loan in Indore via our website and avail best offers today!
You need 750+ CIBIL score to avail an unsecured personal loan in Indore. But, Rupeek does not mandate credit score or repayment history check of any kind to sanction a gold loan.
Apply for a gold loan on the Rupeek website or app.
Get doorstep verification and gold appraisal upon successful application.
Enjoy instant approval and a 30-minute disbursal after that.
You only need to submit KYC documents for address and identification proof. It may include Aadhaar card and PAN card besides utility bill and lease agreement.
Rupeek ensures optimum security of your collaterals by transporting pledged gold items in a GPS-enabled bag. Post transportation, your pledged gold is stored in secured vaults of partner banks within a 5 km radius of your residence, where they are kept under 24x7 surveillance. Besides, Rupeek provides 100% insurance coverage on gold against damage or theft.
Your request has been received, our customer relationship manager has been notified and will call you shortly