The largest city of Punjab is house to a number of industries, automobile being the most prominent. Renowned as an industrial centre of northern India Ludhiana contributes to 60% of tractor parts produced in India and boasts of the largest bicycle manufacturing industry in Asia. Besides, the district is also seeing remarkable development in the IT sector and a booming textile industry.
Such economic development automatically results in rising living costs, due to which more individuals are looking for personal loan in Ludhiana to address urgent financial obligations or non-recurring expenses, such as consolidating debts, home renovation, etc.
Individuals do not need to pledge any asset to avail personal loans. Instead, they need to satisfy a stringent set of eligibility criteria to qualify for such funds.
Finance companies in Ludhiana do not place any restriction on the end-usage of a personal loan. This gives borrowers the liberty to utilise it for any requirement, from medical emergencies to sponsoring a wedding.
Individuals can avail a personal loan up to Rs.40 lakh on an average, which can vary among various lending institutions.
Since they are unsecured in most cases, personal loan interest rates are generally high, ranging from 11% to 36%, depending on applicants’ eligibility and the lender.
Provided the lack of security, personal loan providers in Ludhiana require individuals to satisfy rigid eligibility criteria. Some of these are:
Besides, applicants need to produce the following documents to qualify for a personal loan in Ludhiana.
Such strict personal loan eligibility can deter a lot of individuals from making it to approval. An elaborate documentation process also stretches loan disbursal time significantly.
Rupeek fintech is an RBI-certified organisation that brings you a more viable alternative to online personal loans. Rupeek allows individuals to avail the best personal loan schemes against their gold ornaments by satisfying simple eligibility criteria.
Here are some of the benefits you can get with a personal loan from us:
Rupeek provides instant doorstep service, which lets you complete the verification process along with gold appraisal at your residence, upon approval of your application. It also ensures quick loan transfer thereafter.
With our gold loan, individuals can avail the lowest personal loan interest rates in Ludhiana, starting from 0.49% per month. Rupeek maintains transparency with an online gold loan calculator that you can use to determine the eligible loan amount against your gold items.
Borrowers can choose from multiple repayment options like regular EMIs, single bullet payment or pay instalments as per convenience within the given tenure.
Rupeek offers an extended line of credit against their gold ornaments. Also known as Rupeek Quick, this facility allows you to withdraw funds anytime from the sanctioned limit as per your needs. The interest is levied only on the borrowed sum and not the entire limit.
What makes our service even more accessible is our presence across all the top locations in Ludhiana!
Following is a list of some key areas in Ludhiana where you can avail gold-backed personal loans from Rupeek.
Put an end to “personal loan providers near me” searches with gold loans from us. Apply for personal loans with Rupeek today and avail instant financing for your all your requirements.
You only need to submit KYC documents along with lease agreement or utility bills for identification and address verification purposes.
Rupeek offers personal loans worth up to Rs. 1.5 crore against pledged gold items. You can address all your financial concerns adequately with such a loan amount.
You can visit the online gold loan repayment portal or download the Rupeek app. Just enter your registered mobile number and sign in with the sent OTP. Proceed with the repayments subsequently.
Eligibility criteria to avail gold loan do not include credit score or repayment history. Borrowers only need to submit their KYC documents for verification.
Yes, Rupeek offers rebates on timely loan repayments. Borrowers can avail this benefit by making more frequent or early repayments.
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