Business Loan in Ahmedabad

Ideally, all types of businesses, like proprietorship, partnership, public and private limited companies, can apply for a loan in Ahmedabad. However, their eligibility for an unsecured business loan depends on the following factors –

• Credit score
• Annual turnover of the business
• The profit margin of the enterprise
• The company’s financial history
• Business vintage 

The documents also play a crucial role in determining the eligibility of a commercial loan in Ahmedabad. 

Here’s a list of documents that individuals need to submit while applying for an unsecured loan for business in Ahmedabad. 

1. Identity Proof

• Voter ID
• Aadhaar number
• PAN card

2. Address Proof

• Electricity bills
• Telephone bills

3. Proof of Ownership

• Registration documents
• In the case of a partnership firm, business applicants need to submit partnership agreement documents.
• Private and Public Ltd companies must submit Certificate of Incorporation, MoA, and AoA

4. Financial Documents

• Previous year’s ITR filing
• Bank statement of last 6 months 
• Audited balance sheet and profit & loss statement of the company

The document checklist becomes longer when it comes to startup business loans in Ahmedabad. Additionally, individuals need to keep these documents up-to-date along with other factors to ensure instant approvals. 

Often times, the extensive eligibility criteria and documentation & verification process prolong loan availability, making such financing option unsuitable for meeting urgent obligations. On top of that, banks and NBFCs have become warier in extending loans to micro and small enterprises in recent times due to a growing number of delinquencies. The higher interest rate on unsecured business loans in Ahmedabad is another effect of such wariness.

Alternatively, individuals can opt for a gold loan to bypass such inconvenience and meet their business requirements adequately. Rupeek offers easy business loan in Ahmedabad with minimal eligibility criteria and at affordable interest rates so that people can easily finance their business expenses without straining their cash flow.

Gold pieces of jewellery hold immense sentimental value for Indians. However, these are essentially idle assets with substantial equity, which individuals can leverage to acquire funding for their business.

And with Rupeek, businesses can avail the best business loan in Ahmedabad against gold with borrower-friendly schemes, including low-interest rates, simple eligibility criteria, and doorstep service. Moreover, Rupeek offers a loan amount of up to Rs. 1.5 crore to eligible candidates. Besides these, a gold loan from Rupeek comes equipped with a host of other benefits. 

Following are some of the features of Rupeek’s gold-backed business loan –

• Highest per gram rate 
• Partner with top financial institutions in India, including Federal Bank, ICICI Bank, and Karur Vysya Bank. 
• Borrowers only need to submit OVDs for KYC
• Doorstep loan facility 
• Approval and disbursal take only 30 minutes
• The interest rate starts at only 0.49% per month
• End-to-end security of pledged gold

Apart from that, Rupeek also allows borrowers to opt for a gold loan transfer. Via that, individuals can save up to Rs.12377/ lakh on payable interest.

For more accurate calculations, interested individuals can use Rupeek gold loan calculator and check how much gold they have to pledge to get their desired amount.

Individuals looking to save further on interests can also consider Rupeek Quick to finance their business expenses.

It is a credit line that individuals can take out against their gold’s value. Borrowers can transfer any amount from the sanctioned line of credit to their bank account whenever they need. What’s more, individuals only have to pay interest on the amount utilised, making it a much more economical option compared to a business loan in Ahmedabad. 

Thus, Rupeek Quick can prove to be a reliable financial companion during an emergency and short-term credit requirement. Moreover, Rupeek’s strong presence across Ahmedabad makes it easier for businesspersons to avail our services.

As one of the leading business loan providers in Ahmedabad, we provide our services in all the major locations, which includes –

1. Asarwa
2. Bapunagar
3. Chandkheda
4. CTM Char Rasta
5. Khadia
6. Lal Darwaja
7. Manek Chowk
8. Navrangpura
9. Sabarmati
10. Vastrapur
11. Maninagar
12. Satelite Road
13. Bopal
14. Naroda

Regardless of your location, you can contact us, and we will get back to you with customised offers! With Rupeek’s instant online gold loan at your doorstep, your search for a business loan near me can finally end.