There might be the possibility that you need money, but you do not have any arrangements. In such a case, you may think of taking a loan. But taking a loan is not as easy as it looks. It is not just like going to the bank and availing of the loan. There are various formalities that you will be required to fulfill, such as you need to give something as security against the loan, you would need to do paperwork. Furthermore, you will also be required to have a good credit score. Without all these things, you won’t be able to get the loan amount. But there is no need for you to worry because Ruptok has brought you gold loan facilities. In a gold loan facility, you need to deposit your gold and take the cash. Ruptok will provide you with the best facilities for gold loans in Faridabad.
There will be nothing extra to be done by you to get the loan. You will be required to deposit your loan, and you will get the loan based on your gold quality and weight. Furthermore, the processing time of gold loans is very less as compared to other types of loans. If you need a loan in an emergency, getting a loan against your gold will be the best option for you. It won’t take longer than 2 days to get the loan amount in your hands.
However, apart from the above requirements, you will also be required to submit a few of your documents to prove your capacity to repay the loan. Even if you have given your gold but to get it back, you will be required to repay the loan amount. You may require submitting the following documents:
– Aadhar Card
– PAN Card
– Proof of Residence
– Passport Size Photos
– Proof of Source of Income (depending upon the source of income)
– Other Required Documents
All these documents are required to be submitted for KYC purposes and loan purposes.
Ruptok is the best option for you to avail of the gold loan. Here, everything will be transparent; you won’t be charged with any hidden cost or interest. Everything will be properly mentioned in the loan agreement. There won’t be any charges that are mentioned in the loan agreement that you will be required to pay.
Furthermore, the interest rate and the processing fee will be very less as compared to the other lenders. Deepening upon your capacity, you can repay the loan in two ways. One is through EMI and the second one is interest payment only.
Ruptok Provides You with the Following Options to Repay the Loan:
- EMI: In this method, your loan amount will be divided into equal monthly instalments depending upon the repayment period that you have chosen. Instalments will be inclusive of the interest amount. On the payment of all the instalments, your loan will be released.
- Interest payment: In this method, you will only be required to pay the interest amount only. You will have to pay the interest till you repay the whole amount of the loan and release it back. But you won’t have to worry about paying the monthly instalments. You can choose any repayment option as per your comfort.
Ruptok Offers You the Following Advantages While Availing of the Loan:
- No credit score requirement: As already stated above, to get the loan, you will be required to fulfill different requirements, including the credit score. But in the case of a gold loan, there is no such issue. You won’t be required to furnish your credit score. Even if you have a bad credit score, you can avail of the loan. The only requirement that you will be required to fulfill is to submit your gold.
- Different payment options: Ruptok offers you different repayment options, EMI option, and interest payment option. Both the options have been explained above. Based on your pocket and repayment capacity, you can choose any repayment option. As long as you have given your gold, you will get a loan with any of the repayment options.
- Low processing time: Unlike other types of loans, Ruptok will provide you with the gold loan in very little time. In other sorts of loans, it can take weeks to process your loan. But in the case of a gold loan, Ruptok won’t take longer than 2 days to provide you with the loan. In the case of an emergency, you will also get an instant gold loan.
Ruptok is one of the known and best gold loan providers in Faridabad. Furthermore, the interest rate on the gold loan provided by Ruptok is very low as compared to other interest rates.