Take advantage of the value of your gold with a Rupeek Gold Loan! Rupeek offers a convenient and potentially affordable way to access funds at interest rates starting as low as 0.74% per month (8.88% p.a.).
With flexible repayment options, minimal documentation, and a quick online application process, Rupeek aims to provide a hassle-free gold loan experience.
Rupeek Gold Loan Highlights
Here are the Rupeek Gold Loan Highlights along with the interest rates, loan amount, tenure, collateral, and other important information.
| Interest rate | 0.74% per month (8.88% p.a.) |
| Collateral | Minimum purity of 18 carat |
| Loan Amount | Rs 15,000-Rs 1.5 crore |
| Tenure | Up to 1 year |
| LTV Ratio | Up to 75% of market value |
| Gold Loan Repayment Facility | Interest Payment, Bullet Repayment and Part-payment |
Rupeek Gold Loan Interest Rates
Rupeek gold loan interest rates begin at a competitive 0.74% per month (8.88% p.a.). Rupeek offers a convenient and potentially affordable way to access funds.
It’s important to note they don’t disclose specific rates based on individual factors like loan amount, duration, or credit history.
Eligibility Criteria For Rupeek Gold Loan
- Nationality: Be a/an resident Indian.
- Age: Should be a minimum of 21 years old and below 65 years at the end of loan tenure.
- Occupation: Employed, self-employed, businessman, student, pensioner, homemaker – all are welcome!
- Gold: Own solid gold jewellery with a purity of 18 karat and above, however, gold coins /bars are not accepted here.
Documents Required For Rupeek Gold Loan
To ensure a smooth application process, potential borrowers must have the necessary documentation ready.
1. KYC (Know Your Customer):
- Aadhaar Card (essential)
- PAN Card (essential)
- Voter ID, Driving License, or Passport (any one)
2. Address Proof:
- Aadhaar Card (doubles as address proof)
- Voter ID, Driving License, or Passport (any one)
- Utility Bill (electricity, water, gas)
Tip: Double-check if Rupeek requires any additional documents specific to your region. Stay informed for a smooth application!
Not sure of your credit score? Check it now!
Gold Loan Schemes from Rupeek
Rupeek offers a variety of gold loan schemes for the diverse needs of its customers. Some of the popular schemes include:
- Classic Gold Loan: This is the most basic gold loan scheme offered by Rupeek. It comes with a flexible repayment tenure of up to 36 months and an interest rate starting from 7.99% per annum. There are no processing fees or hidden charges associated with this scheme.
- Flexi Gold Loan: This scheme offers a unique feature that allows borrowers to withdraw additional funds against their pledged gold during the loan tenure. The interest rate starts from 8.58% per annum.
- Bullet Repayment Loan: This scheme allows borrowers to make a lump-sum payment at the end of the loan tenure to repay the principal amount and accrued interest. The interest rate starts from 8.99% per annum.
Besides gold loan, Rupeek also provides personal loan and business loans / Mudra loans which is specifically designed for small and medium-sized businesses (SMBs). It offers a loan amount of up to Rs. 1 crore with a repayment tenure of up to 36 months. The interest rate starts from 0.74% per month (8.88% per annum).
Steps to Apply for Rupeek Gold Loan
The online application method for Rupeek gold loans has ensured simplicity. Here is a thorough application process:
- Visit the website: Head to the Rupeek’s website and select your city.
- Fill out the form: Provide basic information like name, age, address, and contact details.
- Submit and relax: Hit “Apply” and let the loan officers know you’re interested.
- Home visit for assessment: A representative will visit your home to conveniently evaluate and weigh your pledged gold.
- Funds delivered! Upon approval, the loan amount is deposited directly into your account before the representative securely stores your gold.
Features & Benefits of Rupeek Gold Loan
Following are some of the features and benefits of the Rupeek Gold Loan.
- Fast Approvals & Disbursals: Get funds within hours for emergencies. Apply online or enjoy doorstep service.
- Affordable Interest Rates: The best feature of online gold loan is its lower risk, means lower interest rates and easier EMIs.
- Bad Credit Score? No Problem: Get approved even with a limited credit history.
- Flexible Repayment: Easy loan journey with bullet repayments (paying monthly interest only, with the full principal due in a single payment at the end of the loan term.), interest-only payments, or partial prepayments.
- No Pre-closure Charges: Save on interest by repaying early without penalties.
- Income Not Required: No need to submit income documents, even retirees can apply.
- Safe Gold Storage: Your pledged gold is securely stored and insured.
- Bonus: Growing market with predicted 15.7% annual growth!
Rupeek Gold Loan Customer Care Number
You can contact Rupeek Customer Care for queries with the following details:
Phone: 1800 419 8000 [ Monday to Saturday : 9am to 6pm ]
Email: care@rupeek.com
Email (To Report Grievances): grievance@rupeek.com
Rupeek Gold Loan Repayment
Rupeek Gold Loan offers multiple repayment options to suit your financial needs:
- Regular EMIs: Spread your loan repayment over manageable monthly installments with interest.
- Bullet Repayment: Opt for a lump-sum payment at the end of your loan tenure, potentially saving on interest.
- Interest-only Payments: Minimize monthly burden by paying only the accrued interest initially, followed by a lump-sum principal payment later.
- Part Prepayments: Make additional payments towards your principal anytime to reduce your outstanding amount and interest charges.
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