Ahmedabad, the former capital of Gujarat, has garnered immense international acclaims because of its profound heritage. In 2007, it added a new feather to its hat as India’s first UNESCO World Heritage City. On the other hand, the contribution of Ahmedabad to the growth of the Indian economy is also undeniable.
Ahmedabad is a significant financial hub hosting industries like textile, pharmaceutical & chemical, automobile, gemstones, and jewellery. The Government’s socio-economic review report for FY 2019-20 revealed that the state’s exports stood at 20.8 per cent, placing Gujarat as the second-highest contributor to India’s total exports. Ahmedabad played a key role in this regard.
It bears testimony to the scale of competition in Ahmedabad and also the massive potential this city holds owing to its strategic location. And as the competition continues to grow stiffer with each passing year, the need for a business loan in Ahmedabad becomes more pronounced.
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 –
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.
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 –
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 –
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.
The term of a business loan in Ahmedabad varies from lender to lender. It generally ranges between 1 to 5 years.
The loan amount primarily depends on your loan eligibility. However, most financial institutions do not sanction a loan of Rs.1 Crore to small businesses, especially in the initial phases of the venture. Alternatively, you can avail a gold loan from Rupeek for a higher loan quantum.
No, a credit score is not a necessary criterion when you avail a business loan against gold.
Rupeek offers doorstep loan in different locations in Ahmedabad. After one applies for a Rupeek gold loan, the loan manager will visit the applicant’s home. He/she will evaluate the gold and provide a pledge card. After all the KYC formalities are done, the loan amount will be credited to the borrower’s account before the loan manager leaves the house.
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