The most populated district of West Bengal, North 24 Parganas, is home to renowned MNCs and IT companies like Cognizant Technology Solutions, TCS, IBM, and Wipro Ltd. Although primarily an agricultural district, the District Census Handbook North Twenty Four Parganas stated a rising urban population growth rate from 42.9% in 1951 to 57.3% in 2011.
With a booming IT hub in Bidhannagar and Rajarhat providing employment to a majority of talented youth and adding to the district’s economic growth, more individuals in North 24 Parganas go for a personal loan to adapt to the rising living standards.
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The no end-use restriction feature of this financial product allows borrowers to use the funds for a wide range of requirements, such as:
To ensure minimum risk of default, almost all financial institutions require applicants to satisfy the following eligibility criteria to avail a personal loan in Dum Dum, North 24 Parganas.
Irrespective of whether an applicant is salaried or self-employed, he/she must:
An applicant must also meet the minimum income level parameter set by the lender to be eligible for a personal finance North 24 Parganas.
Individuals must also submit a host of documents to be eligible for a personal loan. Besides the OVDs for KYC, one must submit the following papers –
Such exhaustive requirements and a long-drawn-out documentation procedure make personal loans a not-so-ideal choice in pressing circumstances. But that is no excuse why you should put off emergency fund needs. Gold loan serves as an excellent alternative in such situations with some contrasting beneficial areas like hassle-free documentation, easy eligibility, and a variety of loan schemes to choose from.
As the name suggests, this financing facility allows individuals with adequate gold to avail funds against their value. Because these loans are secured, they can be acquired by anyone irrespective of their credit history or financial background.
Refer to the table below to understand the benefits of gold loans as compared to unsecured personal loans.
Gold Loan |
Personal Loan |
Credit is secured against gold. |
It is not secured by any asset. |
Eligibility requirements do not include a minimum income level of credit score. |
Eligibility criteria vary across lending institutions, but applicants must hold a CIBIL score of 750 and satisfy the minimum income level yardstick. |
Applicants only need to submit KYC documents. |
Applicants must provide KYC, employment proof, salary slips, etc. |
Loan disbursal is completed within 1-2 hours. |
Loan transfer takes longer. |
But, with a ton of search results for “personal loan companies near me”, a majority of loan-seekers experience indecision over which service provider to rely on.
Rupeek can provide a solution to that with its industry-first benefits that allow individuals to avail funds against minimum hassle.
Besides easily attainable eligibility and brief documentation, individuals can enjoy the following benefits with Rupeek’s online personal loan:
Along with these benefits, we have also set up a strong network across the district to effectuate our instant personal loan in Barrackpore.
Following is a list of the key areas in North 24 Parganas where we extend instant services.
Besides North 24 Parganas, you can also avail our exclusive offers from any other place in West Bengal. For more information on a gold loan, visit our website. You can also download the Rupeek app for personal loan apply today!
The average term of repayment ranges up to 12 months. However, you can choose to extend the tenure by re-pledging your gold ornaments with Rupeek.
Yes, you can avail a personal loan against gold with Rupeek to fund expensive travelling expenses.
Go to Rupeek’s “Repay your Loan” page. Log in with your registered mobile number and the OTP sent to it. Under the payment option, choose “Part Payment”. Pay any amount you want to, but it should be higher than the monthly interest and less than the total payable amount.
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