Personal loans in Ludhiana

• Collateral-Free Loan

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.

• No End-Use Constraints

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.

• Loan Amount

Individuals can avail a personal loan up to Rs.40 lakh on an average, which can vary among various lending institutions.

• High Interest Rates

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:

• Applicant must be self-employed or an employee of a private or public company, or MNC.
• He/she should be aged above 21 years.
• Monthly income must align with the lending institution’s requirements.
• Individuals must have work experience of at least 1 year.
• CIBIL score must not be less than 750.

Besides, applicants need to produce the following documents to qualify for a personal loan in Ludhiana.

• KYC documents.
• Income proof with salary slip of the previous 3 months
• Bank account statement for the past 6 months.
• Employee ID card.

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:

• Doorstep Loan

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.

• Low Rates of Interest

With our gold loan, individuals can avail the lowest personal loan interest rates in Ludhiana, starting from 0.79% 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.

• Flexible Repayment

Borrowers can choose from multiple repayment options like regular EMIs, single bullet payment or pay instalments as per convenience within the given tenure.

• Gold Overdraft Loan Facility

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.

• Shimlapuri
• Ferozpur Road
• Dhandari Kalan
• Brown Road
• Basti Jodhewal
• Gill Road
• Basant Avenue
• Model Town
• Sarabha Nagar
• Moti Nagar
• Focal Point
• Shivpuri
• Mundian Kalan

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.