Personal Loan in Rajkot

Personal loans are short to medium-term loans offered to both salaried and self-employed individuals. As these loans are unsecured, prospective borrowers need to satisfy rigid eligibility criteria. Though the specifics may vary, the basic parameters that lending institutions check are –

• Age of the applicant
• Income level of the individual
• CIBIL Score of 750 or above
• Repayment capacity

Besides fulfilling the eligibility criteria, borrowers must provide some essential documents during loan processing. These are shown in the following table.

Traditional personal financing institutions often fail to provide individuals with the required cash during emergencies due to the stringent eligibility criteria and extensive documentation process. Moreover, the additional emphasis on credit score stands as a problem for individuals who lack or have a low credit score. In cases like this, one can consider a gold-backed personal loan as an alternative to a traditional personal loan.

A gold loan can come to aid during a financial crisis or any other monetary needs. Borrowers can enjoy the following benefits with a gold loan:

• Faster Processing Time: Gold loans are secured financing options, and does not entail a time-consuming documentation process. Therefore, gold loan providers can quickly disburse the loan amount, which helps borrowers to meet any personal obligation or cover unprecedented medical expenses.
• Tenure: Unlike unsecured personal loans, gold loans are offered for shorter periods. While the tenure for personal stretches up to 5 years, gold loans come with a repayment period of 4-6 months. Therefore, borrowers can pay off debt quickly and need not service a loan for several years.
• Low Cost of Borrowing: As gold loans are secured, financiers do not levy a higher charge. This enables borrowers to service a loan much more easily.

Once borrowers have decided to avail a personal loan in Rajkot, the next crucial job is to find the best and reliable lender that complies with their convenience. Therefore, people of Rajkot who are looking for a ‘gold-backed personal loan provider near me’ are bound to find us, at Rupeek, among the top search results. 

With our financial services, prospective borrowers are assured of getting the following benefits:

• Minimal Documentation

We understand gathering documents during an urgent cash requirement can be troublesome. That is why we only require a handful of documents during loan processing. You can get funds in your account instantly owing to that.

• Doorstep Service

One of the most beneficial features of our financial services includes instant doorstep gold loan facility. You can get loan disbursal from the comfort of your home. Also, you need not worry about the security of your valuables, as we take the highest safety measures to ensure your gold is in best hands.

• Highest LTV

We offer the highest Loan to Value ratio or LTV up to 80%. Also, by using our gold loan calculator, you can check the loan amount you are eligible for beforehand.

• Lower Interest Rate

Our personal loan interest rates start at 0.49% per month, which is much lower than traditional personal loans. With such a lower interest rate, you can easily manage interest payment without any worry.

• Easy Repayment

We enable our borrowers to repay the loan amount as per their convenience. You can either repay on a monthly basis or any time within the 6 months tenure.

• Gold Overdraft Facility

With us, you can enjoy an overdraft facility known as Rupeek Quick. Through this facility, you can take out a credit line by pledging your gold possessions. Moreover, you can save on interest payment considerably as it’s computed only on the expended amount and not on the entire limit.

The proximity of a financial institution plays a crucial role in helping individuals to meet various expenses during cash shortfall. That is why we ensure everyone in Rajkot gets access to cash during urgency.

Individuals who are looking for an online personal loan in Rajkot can find us in the following locations:

• Gondal
• Wankaner
• Rajkot Marketing Yard
• Paddhari
• Sardhar
• Rajkot Metoda Gidc
• Virnagar
• Sapar Veraval
• Rajkot Raiya Road
• Mota Mava
• Dhebarbhai Road

Avail an instant personal loan in Rajkot with our financial services at Rupeek. For more information, connect to our customer support team to clarify any query regarding the gold-backed personal loan in Rajkot.