Personal Loan in Jalandhar

Previously titled Jullundur, Jalandhar is an important transportation centre in Punjab with effective rail and road networks. The third-largest city of Punjab is renowned for its leather industry besides being a global manufacturer and exporter of sports goods.

Jalandhar is also one of the places to be selected for the Smart City Mission Phase II, which is expected to escalate the city’s cost of living even further. Thus, individuals in Jalandhar can opt for a personal loan to keep up with the rising costs and meet other large and small-ticket expenses.

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How to Apply for a Personal Loan?

Almost every financial institution has a specific personal loan app to facilitate an easy personal loan apply procedure online.

Here are the steps to follow to apply for a personal loan:

Step 1: Go to the lending institutions official website or mobile app. One may also opt to visit the lender’s branch.

Step 2: Fill the personal loan application form with your particulars, desired loan amount, and tenure.

Step 3: Submit the required documents to the concerned authority.

Upon a successful application and approval, get funds transferred to your account.

Unfortunately, not everyone manages to acquire funds through this means successfully. That’s because of the stringent set of eligibility criteria one needs to fulfil to apply for an instant personal loan.

Who Can Avail a Personal Loan in Jalandhar?

Although personal loan in Jalandhar comes with some notable benefits like a flexible end-use, banks and NBFCs put particular importance on the applicants’ eligibility to make up for the credit’s unsecured nature.

Following is a list of parameters that both salaried and self-employed individuals need to satisfy to avail a personal loan.

  • Age: 21 years.
  • Earning: Depends on the lender.
  • Work experience: At least 1 year.
  • CIBIL score: 750+.

Plus, they need to provide the following documents to support their eligibility.



Identification proof

PAN card, Aadhaar card, driving license, Voter ID, passport

Address proof

Lease agreement, utility bills, or any ID proof

Proof of income

· Salaried

Employee ID, bank account statements of the last 6 months, latest salary slips

· Self-employed

Bank account statement of the past 1 year, ITR documents, income statement and Balance Sheet

These hard-and-fast personal loan eligibility criteria along with elaborate documentation, can delay loan transfer, invite high rates of interest, and even prevent applicants from availing one, at worst.

To avoid loan rejection or high interest rates, one can consider a gold loan.

How can a Gold Loan Benefit You Better?

Gold loan is gaining increasing popularity as an alternative to an online personal loan in Jalandhar, Punjab due to several unique advantages, including:

  • Relaxed eligibility and documentation
  • Lower interest rates
  • Prompt approval and disbursal

All this and zero end-use restriction! Sounds unbelievable?

Do not contemplate. Since you have chosen Rupeek among a ton of “personal loan provider near me” search results, rest assured with the best of all worlds, loan-wise.

Why Choose Rupeek for a Personal Loan against Gold?

Rupeek brings several benefits to borrowers of a personal loan. A few of these are:

  • Balance Transfer: Save up to Rs. 12377 per lakh on interest with our loan transfer facility by submitting an existing loan pledge card and necessary documents.
  • Affordable Interest Rates: Easily manage interest payment with the lowest personal loan interest rates, starting from 0.49% per month.
  • Flexible Repayment: Choose to pay in one shot within 6 months or any amount anytime within the tenure or regular EMIs.
  • Highest Loan-to-Value Ratio: Avail up to 80% of your gold’s value with Rupeek. Check your loan amount with our gold loan calculator.
  • Gold Overdraft Loan: Rupeek Quick, our overdraft facility, allows existing customers to take out an extended credit line against additional gold items. One can not only access funds anytime from the sanctioned limit but also pay interest only on the amount they use.

Avail all the afore-mentioned benefits with instant 30-minute doorstep service in and around select locations in Jalandhar.

Where in Jalandhar Can You Avail Rupeek Gold Loan Services?

Following is a list of the localities where you can avail a Rupeek’s gold-backed personal loan in Jalandhar.

  • Jandu Singha
  • Model Town
  • Phillaur
  • Jalandhar Cantt
  • Dayanand Nagar
  • Apra
  • Goraya
  • Rama Mandi
  • Lajpat Nagar
  • Banga

Swipe away your worries of multiple debts with Rupeek’s personal loan against gold. Visit our website to opt for personal loan apply online today!

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Frequently asked questions

1. Which gold items does Rupeek accept for a personal loan in Jalandhar?

Currently, our lending partners sanction loan against only gold ornaments of purity not less than 18 carats. It is subject to valuation reports on gold loan.

2. Is there any specific lock-in period or pre-payment penalties on gold loans?

No, Rupeek does not specify a lock-in period, nor do they charge any pre-payment penalty on gold-backed personal loans.

3. Can I avail a personal loan from Rupeek with a low CIBIL score?

Yes, you can avail a personal loan against gold with a below-par credit score. Since gold backs up the loan, a credit score is not much relevant to your eligibility.

4. What is the maximum loan amount I can avail with a personal loan against gold?

Rupeek offers you a maximum of Rs. 1.5 crores as a personal loan, depending on the purity of gold.

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