According to Census 2011, the port city of Kochi is the most densely populated area in Kerala. Known as the ‘Queen of the Arabian Sea’, Kochi is famous for its spice trade that continues to this day.
Along with its industries, and exports, tourism is also a significant contributor to the city’s economy. The backwaters and Chinese fishing nets, Kochi fort, and Hill Palace are famous globally and attract tourists from across the globe.
The growing economy of Kochi has escalated the cost of living in this city, steeply. Therefore, the need for a quick financing option has also increased among individuals in Kochi to support any shortfall, and in this regard, a personal loan is a perfect option.
The no end-use restriction feature of personal loans have helped individuals to meet an array of financial demands, whether they are pre-planned or unprecedented. Here are some common ones –
Applying for a personal loan is not a hassle anymore, but fulfilling its stringent personal loan eligibility requirements are. Since it is an unsecured mode of financing, lenders put sparticular emphasis on meeting these fundamental requirements. It includes having a minimum credit score of 750 and fulfilling the monthly income parameter of the respective lender.
Along with that, one must submit the essential several personal loan documents, which include OVDs for KYC and income proof, to complete this process.
Struggling to comply with such high requirements? You may want to explore alternatives!
Meeting the strict personal loan eligibility and documentation requirement is not feasible for every borrower. For such individuals, a gold loan is an ideal substitute.
Being secured in nature, this financial product allows individuals to meet their monetary demands without worrying about eligibility and documentation. Here are some notable features of a gold-backed personal loan in Kochi that works in favour of a borrower –
The benefits of this financing option can be maximised further with the selection of a reliable lender. Therefore, if you are searching for a ‘gold-backed personal loan provider near me’, contact Rupeek.
Rupeek offers a host of customer-friendly features that aims to provide a more pleasant borrowing experience. Here are some notable ones –
We offer one of the highest per gram rate against gold’s value. Thus, borrowers can avail a sizeable loan amount with Rupeek. Individuals can use our gold loan calculator on our website to gather more information.
Along with a high per gram rate, our personal loan interest rate starts from as low as 0.79% per month. Resultantly, interest payments with us are affordable.
We offer different repayment schemes to make repayment more affordable. Borrowers have the freedom to choose from regular EMIs, single bullet payment schemes, or paying instalments per their convenience.
Individuals looking to refinance their loan to avoid paying higher interest can consider our loan transfer facility. With us, customers can save as high as Rs.12377 per lakh on their loan repayments. Contact us to know more.
With Rupeek Quick, borrowers can avail a credit line against their pledged gold ornaments. This way, they can have access to instant funds anytime from anywhere. Furthermore, borrowers need to pay interest on the amount they have used, not on the entire credit limit.
Along with these benefits, our presence in the following localities of Kochi allows us to offer doorstep services instantly to our customers.
Our comprehensive network coverage allows us to serve you within 30 minutes of the loan application. Thus, availing a personal loan in Kochi is not a hassle anymore with Rupeek’s online application process and quick doorstep services.
Address your financial needs with a flexible and straightforward service form Rupeek.
You only need KYC documents and utility bill/rental agreement to avail a personal loan in Kochi from Rupeek.
You can avail rebate on personal loans with regular payments. Also, with a higher frequency of repayments, you can secure a more significant rebate payment.
No, there is no lock-in period with personal loans from Rupeek. Also, there are no prepayment penalties charged by Rupeek.
You can make payments via Rupeek’s dedicated gold loan payment portal. After you log in with the OTP, you can check your account status and make necessary payments.
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