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Rupeek Gold Loan: Rupeek Fintech Pvt Ltd offers gold loans at interest rates starting from 0.74% per month, i.e. 8.88% per annum, for loan amount up to Rs 1.5 crore and tenure up to 1 year. RuPay Fintech offers gold loan only against gold jewelery of 18 carats and above. RuPay claims to provide gold loan within 30 minutes of document verification.
Rupeek Gold Loan Interest Rates
Rupeek Gold Loan interest rates start from 0.74% per month (8.88% per annum). However, RuPay Fintech has not revealed any different gold loan interest rates based on the loan tenure, loan amount or credit profile of the applicant.
Features of Rupeek Gold Loan
Objective
Rupeek offers gold loan against gold jewelery of 18 carats and above. Except betting, applicants can avail RuPay Gold Loan to raise funds for various financial purposes.
loan amount
Rupeek offers its applicants up to 75% of the market value of gold with a minimum loan amount of Rs 15,000 and a maximum loan amount of Rs 1.5 crore.
Duration
Applicants can make their payment within 1 year of taking the loan.
payment options
monthly interest payment.Here, the individual has to pay the interest portion of his EMI every month. He can repay the principal amount at the end of the term.
bullet payment
In bullet repayment, both interest and principal can be repaid at the end of the term.
part payment
Under this, applicants can pay in regular EMIs. However, the applicant also has the option to make part payment, which will be deducted from the outstanding principal amount and thus, reduce the interest cost.
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Eligibility for availing Rupeek Gold Loan
- Applicant should be an Indian citizen.
- Individuals should be above 21 years of age at the time of loan application and above 65 years of age at the time of loan maturity.
- The applicant must have gold articles or jewelery of high purity.
Required Documents for Rupeek Gold Loan
To process your loan application you will need to submit proof of identity and proof of address. Following are the documents that can be accepted:
- Aadhar card
- PAN card
- Voter ID Card
- Passport
- Driving license
- Utility bill/rent agreement of local address
Rupeek Gold Loan EMI Calculator
Applicants planning to take gold loan from Rupeek on EMI can use the online gold loan EMI calculator available on the official website of Rupay to find out their EMI based on the interest rate and loan tenure.
Types of gold loans offered by RuPay
1. Rupeek Gold Loan Schemes on Regular Basis
- A borrower can avail a variety of facilities under this program.
- It includes three types of gold loan schemes: high value, maximum value, and maximum value.
- Repayment is flexible.
- Interest rates start from 0.89% for loan amount above Rs 5 lakh.
- There is no fixed interest rate, allowing more flexible repayment.
2. Rupeek ‘No Tension’ Gold Loan Schemes
- These types of gold loan schemes offer a fixed interest rate to borrowers for the tenure of the loan.
- This results in subsidized interest and makes customers worry free as they can make repayments at any time during the tenure.
3. Gold Loan Transfer
- Transfer your existing gold loan from a different lender to RuPay and enjoy lower interest
- Interest rates starting from 0.69% per month (8.28% per annum)
- Pay monthly EMIs or pay in one go after 6 months
- The highest rate per gram on your gold price
- No processing fees or locker charges
Rupeek Gold Loan Kaise le?
Rupeek Gold Loan can be availed by anyone who is 18 years of age or above and has the required KYC documents. RuPay Gold Loan can be applied for in a few easy steps –
1. Download Rupeek App and register.
2. Fill in your basic details and click on ‘Apply Loan’.
3. Our representative will come to your home, verify the KYC documents and evaluate the gold jewellery.
4. Once they verify 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. Then the loan executive will collect the gold jewelery from you and deposit it in our partner bank.
What is the process to transfer my existing gold loan to Rupeek?
Like home loan or personal loan, your gold loan can also be transferred to RuPay. Here is how you do it –
1. Apply for 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 mortgage card and the current market rate of gold, they will offer you a ‘Savings Card’ detailing the savings you will get from the gold loan transfer.
4. Once you agree, a new pledge card is created for Rupeek.
5. The loan manager then accompanies you to your existing bank, issues the gold from them, processes your loan disbursement, and ensures that the loan amount is credited to your account.
6. Then they collect the gold from you and leave. The gold is stored in a participating bank branch locker.
Gold loan is a secured loan that is quick and easy to apply for. It does not require a lot of documents like a home loan or personal loan. Funds are disbursed instantly, so you can take care of your needs when it matters most. RuPay has designed its gold loan process keeping all these factors in mind, ensuring that customers get easy access to affordable funding at the right time.
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Rupeek Gold Loan Kaise Le -FAQs
1. Is my gold safe with Rupeek?
Rupeek has partnered with leading banks, Federal Bank, ICICI and KVB to safely store your gold. They also provide 100% insurance on the gold you pledge.
2. What documents do I need to apply for Rupeek Gold Loan?
To apply for RuPay Gold Loan you only need your KYC documents.
3. What is the interest rate on Rupeek Gold Loan?
Rupeek offers floating interest rates on its gold loans. Interest rates start from 0.69% per month. Discounts available when you choose to pay monthly.
4. What is the processing fee on my Rupeek Gold Loan?
Rupeek does not charge any processing fee for gold loan.
5. Can I pledge any type of gold?
No, currently only gold jewelery of 18 carats and above is accepted for gold loan.
6. Can I apply for more than one gold loan?
Yes, you can take more than one gold loan from Rupeek.
7. How do I repay Rupeek Gold Loan?
You can easily repay your gold loan online through Rupeek mobile app or online customer portal.
8. What are the repayment options?
You can repay your gold loan through internet banking, debit card or UPI money transfer.
9. What if I miss my EMI payment due date?
By making your monthly interest payments on time, you can get the lowest effective interest rate. If you fail to pay the interest on time, your interest rate will be increased to the next slab. Once the interest rate is updated, it cannot be reversed.
10. Can I make partial repayment of my Rupeek Gold Loan?
Yes, it is called partial repayment of gold loan. If you want to make partial loan repayment, the amount can be anything between the monthly interest and the full-closure amount.
