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Personal loans in Lucknow

Lucknow is the capital of Uttar Pradesh and one of the largest urban agglomerations in India. Also known as the “City of Nawabs”, Lucknow is home to several historical edifices, like Rumi Darwaza, Bada Imambara, and the British Residency. Besides being a culturally significant city, Lucknow is also a major economic hub in Uttar Pradesh.

As an increasing number of people in Lucknow strive to chalk out effective finance management, the demand for a personal loan continues to mount.

Features of a Personal Loan in Lucknow

Some of the common features of a personal loan in Uttar Pradesh are –

  • Flexibility of End-Use

A personal loan grants the borrower complete freedom of spending the acquired funds to address any requirement he/she has. 

  • Unsecured Nature

Individuals do not need to collateralise anything to avail a personal loan. Instead, finance companies in Lucknow focus on the applicant’s creditworthiness when assessing an application.

  • Loan Tenure

Typically, the repayment tenure of a personal loan in Lucknow can stretch up to 60 months or 5 years.

  • High Rates of Interest

The lack of collateral implies high risk for lenders, which is why the interest rates for personal loans are generally set high. These rates can range from 11% to 36% or more, depending on the borrower’s eligibility.

  • Eligibility Criteria

Following is a list of the criteria that individuals need to fulfil to avail instant personal loan Lucknow.

  1. The applicant must hold a CIBIL score of 750 or above
  2. He/she should be 21 years or older.
  3. He/she must possess a steady income source
  4. If salaried, the person should have 1 year+ experience.
  5. Monthly income: Depends on the concerned financial institution
  • Documents Required

Alongside KYC documents, a person must furnish employee ID card, ITR documents, salary slip of the previous 3 months, and bank transaction history of the past 6 months, as is relevant.

In spite of being collateral-free, personal loans may not be a viable source of finance due to their high interest rates and stringent set of eligibility criteria.

Wonder if there were an easier means to acquire funds?

Fortunately, there is!

A gold loan makes for an excellent solution in such circumstances. With relaxed eligibility criteria and affordable interest rates, a personal loan against gold aims to provide financial support to even individuals with a poor credit score.

But, that’s not all. You can enjoy a host of additional benefits by choosing Rupeek to avail a personal loan against gold in Lucknow, Uttar Pradesh.

Top 5 Benefits of Choosing Rupeek Gold Loan

Besides an expansive range of gold loan schemes, individuals can avail the following benefits with us –

  1. Optimum Security of Collaterals

Your pledged gold items are in safe hands with Rupeek’s best-in-class security protocols. The gold ornaments you commit are carried in a GPS-enabled bag, stored in a high-security bank vault and kept under 24x7 surveillance. Additionally, Rupeek provides door-to-door gold insurance throughout the tenure.

  1. Highest Loan-to-Value Ratio

Avail the best value for your gold with our highest per gram rate of up to 80%. Get an idea of the acquirable loan amount against your gold with our online gold loan calculator.

  1. Convenient Repayment Facility

Rupeek offers flexible repayment with various options to choose from, like traditional EMIs, single bullet payment, or you can repay any amount at intervals of your choosing within the tenure.

  1. Affordable Rates of Interest

Forget the worries of hefty EMIs with our gold-backed personal loans. Benefit from lowest interest rates for personal loan in Lucknow starting at 0.79% per month.

  1. Speedy Loan Transfer

Avail an instant personal loan Lucknow against gold within just 60 minutes from an application with our doorstep service, hassle-free documentation, and prompt disbursal.

If you are looking for an even faster way to access funds at all times, take a look at our gold overdraft facility.

Rupeek’s Overdraft Facility against Gold in Lucknow

Also known as Rupeek Quick, it is an extended credit line offered by us against gold. You can pledge gold once to secure this line of credit, and avail an easy personal loan in Lucknow from the sanctioned credit limit thereafter as per your convenience. Individuals looking for a short-term loan in Lucknow can benefit the most from this scheme since they only need to bear interest on the borrowed amount.

Alongside these benefits, our Lucknow-wide presence makes our facilities even more accessible, allowing us to offer prompt doorstep service every time.

Our Operational Localities in Lucknow

Following is a list of some of the significant areas in Lucknow where you can avail Rupeek’s services.

  • QaisarBagh
  • Alambagh
  • Jankipuram
  • Mubarakpur
  • Lucknow Chowk
  • Gomti Nagar
  • Charbagh
  • Raibareli Rd
  • Indira Nagar
  • Mohanlalganj
  • Cimap

Your search for “personal loan provider near me” comes to an end with Rupeek. Get in touch to avail gold-backed personal loan and address all your financial emergencies timely.

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Frequently asked questions

1. Can I avail a gold-backed personal loan in Lucknow with a low credit score?

Yes, anyone above 18 years of age and possessing sufficient quantity of gold can opt for a personal loan in Lucknow from Rupeek, irrespective of their CIBIL score and credit history.

2. How do I make a partial release of pledged gold items?

You need to prepay an amount equivalent to the quantity of gold you want to release. Note that individual ornaments being part released must weigh a minimum of 10 grams. Contact us for further details on the procedure.

3. What is the tenure, lock-in period, and required prepayment penalty of a personal loan?

The average tenure for a personal loan against gold is 6 months, although borrowers can choose to end it before as well. Rupeek does not mandate a lock-in period or charge prepayment penalties against foreclosure.

4. How can I change my registered mobile number?

To modify your contact details during ongoing loan tenure, kindly contact our customer service team for efficient assistance.

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