Rupeek Gold Loan

Below are the key highlights of Rupeek gold loan:

Rupeek gold loan interest rate ranges from 8.88% - 20.28% per annum, depending on the gold’s value, the loan amount required, the repayment tenure, the applicant’s profile, and other factors. Rupeek gold loan interest payment can be done monthly, bi-monthly, quarterly, half-yearly, or annually. You just need to pay the interest, and the principal amount can be paid at the end of the loan tenure, along with accrued interest (if any).

Apart from the interest rate, you will be required to pay a minimal processing fee of 0% to 1% of the loan amount. Also, the loan can be foreclosed without any foreclosure charges.

• Doorstep service: Apply for a gold loan from the comfort of your home through the Rupeek app, and their authorised executives will visit you to complete the process.
• Instant disbursal: After completion of the KYC and gold valuation process, the approved amount of the loan will be disbursed instantly into your bank account.
• Overdraft facility: Rupeek offers a gold loan overdraft facility as well that can be availed to fulfil any short-term financial requirement. You just have to pay interest on the amount utilised.
• Flexible repayment: You can repay the borrowed gold loan amount in instalments or repay the entire outstanding loan amount at the end of the 6-month tenure. The tenure can be extended up to 12 months.
• Minimal documents: You just have to submit your KYC documents to get a gold loan from Rupeek.
• No restrictions on end-use: There are no spending restraints in relation to the loan amount availed from Rupeek. The amount can be used to fulfill various financial requirements, except for illegal activities.
• Lowest rate of interest: Rupeek offers low-interest gold loans starting from 8.88% per annum.
• Zero foreclosure charges: You can make early Rupeek gold loan repayment without any additional foreclosure charges.

Besides traditional EMIs, you can choose any one of the following repayment options to repay your Rupeek Gold Loan.

• Interest Payment: In this option, you will have to service the interest portion of your dues every month. However, you can delay the principal repayment till the end of your gold loan tenure.
• Bullet Repayment: In this method, both the interest and principal amount repayment are shifted to the end of the tenure. Thus, if your gold loan tenure is 12 months, you don’t need to service your dues each month. Instead, you can repay a lump-sum amount on the 12th month or on tenure completion.
• Part Payment: In this option, you can service the loan through regular EMIs. However, if you choose to prepay an amount, it would be deducted from your outstanding principal amount. Reduction in the principal outstanding will also lead to lower interest payments.

You can repay the Rupeek gold loan by following the steps mentioned below:

• Visit Rupeek’s website.
• Click on the ‘Repay Your Loan’ tab.
• Enter your mobile number to receive an OTP. 
• Make payment through internet banking, UPI, RTGS, IMPS, or debit card.

The eligibility criteria for Rupeek gold loan are mentioned below:

• The applicant should be an Indian citizen, aged between 21 to 65 years.
• The mortgaged ornaments should be of 18 karat or above.
• The pledged gold should be in the form of ornaments or jewellery only.
• The lender will multiply the quality, purity, and weight of the pledged gold to calculate the loan amount. 

The borrower has to submit minimal documentation for the Rupeek gold loan as mentioned below:

• Identity proof (any one of the below)
  • Aadhaar card
  • Driving license
  • PAN card
  • Voter’s ID
  • Passport
  • Job card from NREGA
• Address proof (any one of the below)
  • Utility bills (such as phone bills, gas bills, or water bills)
  • Lease agreement of local address
  • Aadhaar card
  • Driving license
  • PAN card
  • Voter’s ID
  • Passport
  • Job card from NREGA

• Visit the official website of Rupeek.
• Register yourself as a borrower to mortgage your gold ornaments. 
• The lender will send a loan officer to your address within half an hour of receiving your loan request. 
• The loan officer will verify the gold and give a quote. 
• On successful verification and approval, the lender will send the approved loan amount directly to your bank account. 
• You can apply for a gold loan only with your Aadhaar Card.
• You can call at Rupeek customer care number to know more about the application process.

You can contact through any of the following ways to contact Rupeek Customer Care regarding any query, complaint, or feedback for gold loan:

• Call Rupeek gold loan customer care number at 1800 419 8000.
• Send email to: care@rupeek.com