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Personal loans in Madurai

Situated on the banks of the Vaigai River, Madurai is the 3rd largest city of Tamil Nadu. The city has a rich cultural history and is home to the renowned Minakshi Temple.

After India’s economic liberalisation, Madurai has witnessed a massive influx of industries. Automobile manufacturers like Mahindra, Volkswagen, Suzuki, and Ashok Leyland, have set up bases in and around the city.

The thriving economy of Madurai has also witnessed a steep escalation in its cost of living, prompting individuals to opt for a personal loan in Madurai to manage their financial shortfalls.

Features of a Personal Loan

Here are some prominent features of a personal loan in Madurai

  • No End-Use Restriction – With no restriction on its usage, instant personal loans allow individuals to manage any monetary requirement easily.
  • Collateral-Free – Lenders do not require a collateral asset to sanction a personal loan in most cases. Primarily, individuals must have a credit score of 750 or above, and their monthly income should comply with the lender’s requirements.
  • Repayment Tenure: Typically, this financing option comes with a repayment term ranging up to 60 months or 5 years.
  • Interest Rate: The interest rate charged on a personal loan is usually high. It can go up to 36%, depending on the lender and the person’s eligibility.

Thus, although a personal loan in Madurai is an excellent financing option for meeting a variety of expenses, it may not be suitable for all types of borrowers. Thus, individuals who are searching for a “personal loan lender near me” to avail easy, hassle-free financing can consider a gold loan to that end.

Benefits of a Rupeek Gold Loan

Here are some prominent advantages of a personal loan against gold offered by Rupeek –

  1. Rupeek offers one of the highest per-gram rates that allow customers to avail more funds against their gold. Individuals can use our gold loan calculator to check out the amount for which they’re eligible.
  2. Our monthly interest rates on instant personal loans are as low as 0.79%. Therefore, interest payments are more affordable for borrowers with us.
  3. To make loan repayment more convenient, we have curated various customer-friendly schemes. This way, one can repay as per their ease.
  4. We follow top-notch security protocols to ensure maximum safety of the pledged gold items.

Customers looking to enhance their savings on personal financing can also consider our gold overdraft facility.

Gold Overdraft Facility by Rupeek

Individuals can take out a credit line against their gold articles with our overdraft facility, Rupeek Quick. It allows individuals to access funds anytime. What’s more, one can reduce their repayment burden with Rupeek Quick by only paying interest on the borrowed sum and not the entire credit limit.

Along with these customer-friendly benefits, our presence in major localities of Madurai allows us to extend doorstep services to our customers.

Locations of Madurai Where Rupeek Operates

  • Kamarajar Salai
  • Thiruparankundram
  • Palanganatham
  • Vadipatti
  • Vilakkuthoon
  • Alanganallur
  • Anna Nagar
  • Sholavandan
  • Tirumangalam
  • Madurai Main
  • Othakadai
  • Tirunagar

With the help of our swift doorstep service, one can receive funds within an hour. Hence, availing a personal loan in Madurai, Tamil Nadu form Rupeek can assist individuals in addressing their monetary crisis without any delay.

Get in touch with Rupeek for a fair, fast, and flexible financing solution today.

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Frequently asked questions

1. How to avail a personal loan with Rupeek?

You can use Rupeek’s official portal for personal loan apply online. Once you complete the application process, a company executive will contact you for further processing. After that, a loan manager will visit your address to evaluate the gold jewellery and authenticate KYC documents. Once they are satisfied, you will receive the receive funds instantly.

2. What are the eligibility requirements and documentation of a personal loan with Rupeek?

If you are above 18 years of age and possess gold jewellery, you are eligible to avail our financial services.

3. What is the credit score required to avail a personal loan from Rupeek?

You do not need a credit score to avail funds from Rupeek.

4. What is the maximum personal loan amount that I can avail?

You can avail up to Rs.1.5 crore as a gold-backed personal loan from Rupeek.

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