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Personal loans in Kadapa

Kadapa is one of the four districts of Rayalseema region in Andhra Pradesh. The city is referred to as Gadapa, meaning ‘threshold’, as it acts as the gateway to the sacred hills of Tirumala. Many tourists come to this historical city to visit places like Gandikoda Fort, Sidhout Fort, Ontimitta, Sri Venkateswara Wildlife Sanctuary, and Pushpagiri.

People in Kadapa can opt for a personal loan to meet their financial requirements. This financing option in Kadapa does not entail any end-use restriction, making it ideal for managing a range of monetary obligations.

Purpose of Availing a Personal Loan in Kadapa

Some of the common ways a borrower can use a personal loan are –

  • Debt consolidation
  • Cover medical expenses
  • Fund house renovation
  • Finance their child’s higher education
  • Purchase home appliances
  • Cover wedding expenses
  • Meet vacation costs
  • Purchase electronic gadgets

Eligibility Criteria for a Personal Loan in Cuddapah

Banks and NBFCs offer unsecured personal loans based on certain key factors. Though the pointers vary with each lending institution, some basic parameter-checks include:

  • CIBIL Score of 750 or above
  • Income level
  • Age of the applicant
  • Employment type (Salaried or Self-employed individuals)
  • Credit and employment history
  • Repayment capacity

Documents Required for a Personal Loan

Once individuals fulfil the required eligibility criteria, they need to submit essential documents. For salaried individuals, the list includes,

  • Aadhaar card, Voter’s ID, Passport, Driving License or PAN Card as identity proof
  • Utility bills, rent agreement, Aadhaar card, passport as address proof
  • Salary slips and bank statement as income proof

Self-employed individuals need to submit their enterprise’s income statements & balance sheet, and their bank statements as income proof alongside the necessary KYC documents.

Such strict personal loan eligibility criteria, lengthy documentation, and high interest rates can prove unbeneficial to individuals looking for an affordable and quick financing option.

Merits of a Gold Loan over a Personal Loan

During emergency cash requirement, gold loan offers numerous benefits. With a personal loan against gold, individuals can get access to cash without any hassle. The advantages of a gold-backed personal loan include:

  • Nominal paperwork, which leads to a faster processing time and disbursal
  • Lower cost of borrowing because it’s backed by gold
  • Individuals can pay off their debt within 4-6 months and need not take the burden of years-long EMIs

Once individuals decide to avail a gold-backed personal loan in Kadapa, the next important step involves finding a reliable financial institution that can provide the best online personal loan against gold. To that end, people in Kadapa can consider us.

Reasons to Avail a Gold-Backed Personal Loan from Rupeek

One can enjoy the following benefits with Rupeek –

  1. Quick Disbursal

We offer a personal loan against gold within just 45-60 minutes. Hence, individuals can meet their emergency funding requirements promptly.

  1. Doorstep Services

Individuals can avail doorstep instant gold loan services with us. Our loan manager will visit your residence for KYC verification, gold appraisal, and loan disbursal.

  • Minimal Documentation

Only KYC documents are required to get a gold-backed personal loan from Rupeek. Moreover, individuals do not need to have a credit score of 750+ to get a loan from us.

  1. Lower Interest Rate

We bring the lowest personal loan interest rates, which start at 0.79% per month. It enables borrowers to save considerably on interest and manage repayment easily.

  1. Sizable Loan Amount

Borrowers can avail a loan of up to Rs. 1.5 crores with us. By using our gold loan calculator, individuals can assess the loan amount they would be eligible to avail.

  1. Flexible Repayment

Besides a low interest rate, we also provide several schemes to ensure our customers can repay their personal loan without any inconvenience.

Apart from these personal loan features, Rupeek also brings an overdraft facility against gold that allows individuals to meet any emergency fund requirement efficiently.

Rupeek’s Gold Credit Line in Kadapa

With our overdraft facility, which is also known as ‘Rupeek Quick’, borrowers can avail an extended credit line against their gold ornaments. They can utilise the limit as per their requirements. Moreover, this facility lets borrowers save sizably on interest, as it’s calculated only on the expended amount.

Rupeek’s Service Locations in Kadapa

Individuals in Kadapa who are looking for a ‘gold-backed personal loan provider near me’ can avail our financial services in the following locations.

  • Badvel
  • Porumamilla
  • Ganganapalli
  • Rayachoti
  • Vontimitta
  • Rajampet
  • Galiveedu
  • Nandalur
  • Cuddapah
  • Rayavaram

Click on ‘Apply Now’ to enjoy instant personal loan in Kadapa with Rupeek and meet all your financial needs without hassle.

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Frequently asked questions

1. How safe is my gold with Rupeek?

We follow best-in-class security measures, like the carriage of gold items in GPS-enabled bags, storage in a military-grade vault, and door-to-door gold insurance for the entire tenure.

2. What factors to keep in mind before availing a personal loan against gold?

While applying for a gold-backed personal loan, individuals need to keep certain things in mind, such as Loan to Value ratio, interest rate, gold’s security, additional fees and charges, and repayment schemes.

3. What are the eligibility criteria for a gold-backed personal loan?

Anyone 18 or above can apply for a personal loan against gold from Rupeek. 

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