Kakinada

Personal Loan in Kakinada

Situated on the east coast of India, Kakinada is Andhra Pradesh’s 6th largest city, and one of the most significant fishing and export hubs of this country. Along with that, nearby towns like Rameswaram attract tourists from all over the country to visit the famous Pamban Bridge, and Dhanushkodi point, among others. Also known as Coringa, the city is famous for a special sweet delicacy called Khaja.

Although it is famously called the Pensioner’s Paradise, the Indian government’s Smart Cities Mission aims to transform Kakinada into a significant economic hub. With individuals in Coringa moving towards a higher standard of living, the demand for a personal loan has also increased. People are now increasingly depending on credit to meet their various financial obligations.

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Purpose of Personal Loans

It is a multi-purpose financial product that comes with no restriction on its usage. Hence, borrowers can use it to fund any expenditure that they may have, be it planned or unplanned. Here are some reasons to avail a personal loan –

  1. House Renovation

home credit personal loan allows debtors to avail quick funds to manage their home refurbishment costs. They can use it for repairing, painting, remodelling, buying furniture and other decorative items, etc.

  1. Medical Emergencies

Medical emergencies can incur a hefty financial burden on anyone. Instant personal loans are an excellent solution in this regard as they offer quick access to required funds, and save individuals from liquidating their savings.

  1. Debt Consolidation

Debt consolidation is one of the notable purposes of availing an online personal loan. Individuals can use a high-value personal loan to repay multiple existing dues and service one loan from thereon.

Apart from these, borrowers can use a personal loan for a variety of other purposes. However, one must meet the eligibility criteria first to apply.

Personal Loan Eligibility Criteria

Here are the eligibility requirements that one needs to fulfil to avail this financial product.

Criteria

Requirements

Credit score

750+

Age

21 years and above

Monthly income

Depend on the requirement of the lender

Work experience

At least one year

Employment type

Both salaried and self-employed

Since a personal loan is unsecured in most cases, financiers put increased emphasis on a person’s credit score and income. Individuals in Kakinada with a low credit score might face rejection or may have to pay higher interest. An easier way to bypass this hassle is to opt for a gold loan.

Benefits of a Gold Loan

Here are some prominent benefits of a gold loan that makes it a great alternative to traditional personal loans –

  1. Less stringent eligibility criteria
  2. Faster processing and disbursal of the loan amount
  3. Shorter loan tenure
  4. Low cost of borrowing

The benefits of a gold loan make it an attractive proposition, but selecting a suitable lender is also essential to maximise the benefits one enjoys. In this regard, Rupeek can be a perfect partner.

Benefits of Availing Rupeek’s Services

As one of the leading gold loan providers, Rupeek aims to optimise customer convenience with its variety of schemes and tailor-made repayment processes. Along with that, the benefits of availing Rupeek’s services include the following –

  1. Rupeek offers one of the lowest interest rate personal loans against gold that starts from 0.49% per month. Resultantly, interest payments become more affordable.
  2. We provide one of the highest per-gram rates. Applicants can avail a sizeable loan amount against the value of their gold with us. They can use our calculator to know more about their loan amount eligibility.
  3. Managing emergencies is no longer a hassle with Rupeek. Borrowers can receive their money within an hour of their application.
  4. Our eligibility requirements are minimal, which translates into an easy application process. Borrowers need to be just 18 years old to avail funds from us. Also, we only need identity proof and address proof as personal loan documents.
  5. With our loan transfer facility, individuals can save substantially on their interest payments. Transferring their existing gold-backed personal loans to Rupeek can help people in Kakinada to save up to Rs.12,377 per lakh.
  6. We also offer a rebate on regular repayment, and with a higher frequency of payments, one will receive a better rebate.

Individuals looking to save further on interest can leverage our overdraft facility, Rupeek Quick.

Credit Line against Gold by Rupeek

Rupeek Quick further enhances the benefits of availing funds from Rupeek. It is an overdraft facility that allows individuals to avail funds from an extended credit line according to their convenience. Additionally, they need to pay only the interest on the amount they have withdrawn.

Besides these benefits, our doorstep service in the following localities allows individuals to avail a personal loan in Kakinada instantly.

Prominent Localities of Kakinada Where Rupeek Operates

  • Rameswaram
  • Sarpavaram Junction
  • Gandhi Nagar
  • Madhavapatnam
  • Vakalapudi
  • Indrapalem
  • Thimmapuram
  • Sri Nagar
  • Bhanugudi Junction
  • Valasapakala
  • Ramanayyapeta

Prospective borrowers looking for a reliable ‘personal loan provider near me’ can contact us for a quick solution. We will reach your doorstep within 30 minutes.

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Frequently asked questions

1. How to personal loan apply online with Rupeek?

You can apply online for a personal loan against gold by visiting our website or app. After successfully applying, our loan manager will visit your residence for the entire loan disbursal process, from documentation to gold appraisal.

2. Can I re-pledge my existing gold-backed personal loan?

Yes, you can do that. In that case, you need to contact our support team to understand the further process.

3. How do I get a referral bonus for a personal loan against gold from Rupeek?

To avail this referral bonus, you need to share your unique referral code with other prospective borrowers. Under this scheme, you can avail up to Rs.2000 as an incentive.

4. What are the repayment options offered by Rupeek for a personal loan?

Rupeek offers multiple repayment options that include regular EMIs, one-time bullet payment, or repaying the credit as per your capabilities anytime within the tenure.

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