North 24 Parganas

Personal Loan in North 24 Parganas

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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Reasons to Opt for Personal Loans

The no end-use restriction feature of this financial product allows borrowers to use the funds for a wide range of requirements, such as:

  • Expenses for a wedding ceremony
  • Home renovation
  • Debt consolidation
  • Paying for medical procedures
  • International trips
  • Higher education
  • High-end purchases

Conditions to Qualify for a Personal Loan

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:

  1. Be over 21 years of age
  2. Have a working experience of at least 1 year
  3. Possess a credit score not less than 750

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 –

  • Salaried individuals: Bank account statement, employee ID card, and salary slips
  • Self-employed individuals: Profit & loss statement, balance sheet, copy of ITR, and business ownership proof

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.

Difference between a Gold Loan and Personal Loan

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.

Advantages of a Rupeek Gold Loan

Besides easily attainable eligibility and brief documentation, individuals can enjoy the following benefits with Rupeek’s online personal loan:

  • For every registered application, Rupeek ensures instant doorstep gold loan, which allows potential customers to get funds from the comfort of their home.
  • Borrowers can avail the lowest interest rate personal loan against gold, starting from 0.49% per month.
  • Instead of hefty EMIs, borrowers can enjoy flexible repayment schemes with us. This way, customers can service a personal loan without straining their finances.
  • With a simple online application process, we provide an instant personal loan with speedy disbursal within mere minutes of approval.
  • Our credit line against gold, Rupeek Quick, allows individuals to reduce their interest liability considerably. That’s because they need to pay interest only on the used sum.

Along with these benefits, we have also set up a strong network across the district to effectuate our instant personal loan in Barrackpore.

Localities in North 24 Parganas You Can Avail Our Services at

Following is a list of the key areas in North 24 Parganas where we extend instant services.

  • South Dum Dum
  • Bidhannagar
  • Baranagar
  • North Barrackpur
  • Kanchrapara
  • New Barrackpur
  • Barasat
  • Rajarhat-Gopalpur
  • Barrackpur
  • Dum Dum
  • Kamarhati
  • Naihati
  • North Dum Dum
  • Titagarh
  • Madhyamgram

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!

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Frequently asked questions

1. What is the repayment tenure for a personal loan against gold?

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.

2. Can I avail funds for a vacation against gold?

Yes, you can avail a personal loan against gold with Rupeek to fund expensive travelling expenses.

3. What is the procedure to make a part payment?

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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