close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Personal loans in Rajkot

Located on the Aji and Nyari rivers, Rajkot is the fourth-largest city in Gujarat. Enriched by historic landmarks and numerous temples, Rajkot is famous for Swaminarayan Temple, Masonic Hall, Race Course, Watson Museum, the Jubilee garden, and the Rotary Dolls Museum.

The city houses several heavy and small-scale industries. The thriving economy mostly relies on the production of jewellery, silk-embroidery and watch parts. However, to align with the fast-pacing lifestyle in Rajkot, people often take the help of financial products like a personal loan, which enable them to meet their personal expenses efficiently.

Personal Loan: Eligibility Requirements

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

Personal Loan: Documents

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

Pointers

Personal Loan

 Identity proof

PAN Card/ Voter’s Id/ Aadhaar Card/Driving License/Passport

Address proof

Aadhar Card/Lease/Property Purchase Agreement/Utility Bill/Passport/Driving License

Income proof for self-employed Individuals

Previous year’s ITR documents/ Balance sheet and income statement of the company/ Past 6 months’ bank account statements

Income proof for salaried persons

Past 3 months’ salary slips/ bank account statements of the previous 6 months/ Form 16

Photographs

Min. 2 passport-sized photos

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.

Advantages of a Gold Loan over a 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. 

Benefits of Availing Rupeek’s Personal Loan against Gold

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 0.79% 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.

Localities in Rajkot Where Rupeek Offers Financial Services

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.

Rupeek ad

Gold Loan Calculator

Frequently asked questions

1. Who are eligible for a gold-backed personal loan with Rupeek?

Individuals of 18 years or above and who possess gold ornaments are eligible for a gold-backed personal loan with Rupeek.

2. Does Rupeek accept all gold items for a personal loan in Rajkot?

No, Rupeek does not accept articles like gold coins or bars. Rupeek’s lending partners only accept gold jewellery of 18 carats or above.

3. What points to consider before applying for a personal loan against gold?

While applying for a gold loan, you need to keep in mind points like LTV, interest rate, gold security protocols followed by the lender, additional fees and charges, and repayment schemes.

Rupeek ad
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly