Rupeek Gold loan
Of Appraised Gold Value
NA
Best Rate
0.49% PM
Processing Fee
NIL
Currently not available! for similar products
Rupeek Gold Loan
| Nature of Loan | Secured loan against gold jewellery of 18-karat and above |
| Loan Amount | From Rs.15,000 up to Rs.1.5 crores |
| Repayment Tenure | 3, 6, 9, or 12 months |
| Interest Rate | Starts at 0.89% |
| Eligibility | Above 18 years of age with valid KYC documents |
| Other | No prepayment penalty or lock-in period |
Ever heard of ‘Doorstep Gold Loans’; Yes, gold loan at your doorstep. Courtesy? Rupeek Gold Loan. This new-age digital lender comes to your doorstep, values the gold in front of you, completes the loan process, ensures that the loan amount is transferred to your account, and then collects the gold before they leave.
Sounds pretty revolutionary, isn’t it? That is a Rupeek Gold Loan for you.
Rupeek was founded by IIT Alumnus Sumit Maniyar and is well-funded by investors such as Bertelsmann, Sequoia Capital, GGV, Accel Partners, and others. Rupeek was founded with the goal of providing equal access to credit to all Indians. They provide low-interest online gold loans that customers can access from the comfort of their home. Their simple four-step gold loan process ensures that your gold loan experience is safe, personal, and stress-free. Customers can meet their needs by borrowing against gold because of their low interest rates. They have over 5 lakh customers spread across 30 cities in India.Modern problems need modern solutions!
Rupeek has leveraged the latest technology and security programs to make valuable credit accessible to the common man. They want their customers to enjoy a seamless loan process that offers the best value for their gold.
Another highlight of Rupeek Gold Loan is that they have partnered with their lending partner banks to store your gold. They currently have a partnership with Federal Bank, ICICI Bank & KVB, and your gold is stored in the lockers of the local branches of these partner banks. This allows Rupeek to reduce cost towards building safety lockers and other overhead charges related to storing and securing your gold. That is why they are able to offer gold loans at a much lower cost compared to other gold loan lenders in the market. But the benefits don’t stop here, there are more advantages to getting your home loan from Rupeek.Advantages Of Applying A Gold Loan From Rupeek
- Doorstep loan processing services
- Instant gold loans
- Interest rates as low as 0.89% per month
- 100% insurance on the gold you pledge
- Flexible repayment options
- Easy 4-step application process through mobile app
- No need for credit score check- Just requires KYC documentation to process loan
Types of Gold Loan Offered by Rupeek
1. Rupeek Gold Loan Schemes on a Regular Basis
- A borrower can benefit from a variety of features under this program.- This includes three types of gold loan schemes: High Value, Maximum Value, And Maximum Value.
- Repayments are flexible
- With interest rates starting as low as 0.89% for loan amounts greater than 5 lakhs.
- There is no fixed interest rate, allowing for more flexible repayments.
2. Rupeek ‘No Tension’ Gold Loan Schemes
- These types of gold loan schemes provide borrowers with a fixed interest rate for the duration of the loan.This allows for interest rebates and allows customers to be worry-free because they can make repayments at any time during the term.
3. Gold Loan Transfer
- Transfer your existing gold loan from a different lender to Rupeek and enjoy lower interestsInterest rate starting at 0.69% per month (8.28% p.a)
Pay monthly EMIs or at once after 6 months
Highest rate per gram on your gold value
No processing fees or locker charges
How To Apply For A Rupeek Gold Loan?
Rupeek Gold Loans can be availed by any individual who is 18 years and more, and possesses the required KYC documents. Rupeek Gold Loan can be applied in a few easy steps -
1. Download and register on the Rupeek App.
2. Fill your basic details and click on ‘Apply Loan’.
3. Our representative will visit your home, verify the KYC documents, and appraise the gold ornaments.
4. Once they have verified the authenticity of the gold, they will create a pledge card.
5. The loan will be processed and the amount will be disbursed to your account.
6. The loan executive will then collect the gold ornaments from you and deposit it with our partner bank.
What Is The Process To Transfer My Existing Gold Loan To Rupeek?
Just like a home loan or personal loan, your gold loan can also be transferred to Rupeek. Here is how you do it –
1. Apply for a Gold Loan Takeover through our website or mobile app.
2. Our representative will schedule a meeting with you at your convenience.
3. Based on your existing pledge card and the current market rate of gold, they will present you with a ‘Savings Card’ illustrating the savings that the gold loan transfer can give you.
4. Once you agree, a new pledge card is created for Rupeek.
5. The loan manager then travels with you to your existing bank, releases the gold from them, processes your loan disbursal, and ensures that the loan amount is credited to your account.
6. They then collect the gold from you and leave. The gold is stored at a partner bank branch locker.
Gold loan is a secured loan that is quick and easy to apply. It doesn’t require a load of documentation like home loans or personal loans. The amount is disbursed instantly, letting you take care of your needs when it matters the most. Rupeek has created their gold loan process keeping all this in mind, ensuring the customer has easy access to affordable funding at the right time.
Rupeek Gold Loan FAQs
1. Is my gold safe with Rupeek?
Rupeek has partnered with leading banks, Federal Bank, ICICI & KVB, to store your gold safely. They also offer 100% insurance on the gold you pledge.
2. What are the documents I need to apply for a Rupeek Gold Loan?
You only need your KYC documents to apply for Rupeek Gold Loan.
3. What is the interest rate on Rupeek Gold Loan?
Rupeek offers a floating rate of interest on their gold loans. Interest rates start at 0.69% per month. There are rebates when you choose to pay monthly.
4. What are the processing fees on my Rupeek Gold Loan?
Rupeek doesn’t charge any processing fee for the gold loan.
5. Can I pledge any kind of gold?
No, only gold ornaments of 18-karat and above are currently accepted for gold loan.
6. Can I apply for more than one gold loan?
Yes, you can take more than one gold loan with Rupeek.
7. How do I repay Rupeek Gold Loan?
You can repay your gold loan conveniently online through the Rupeek mobile app or the online customer portal.
8. What are the repayment options?
You can repay your gold loan via Internet Banking, Debit Card, or UPI Money Transfer.
9. What happens if I miss my EMI payment due date?
By making your monthly interest payments on time, you can obtain the lowest effective interest rate. If you fail to pay your interest on time, your interest rate will be raised to the next slab. Once an interest rate has been updated, it cannot be reversed.
10. Can I make a partial payment towards my Rupeek Gold Loan?
Yes, this is referred to as a partial repayment of the gold loan. If you want to make a partial loan repayment, the amount can be anything between the monthly interest and the full-closure amount.