Business loans in Chandigarh

A business loan is an indispensable part of keeping an enterprise agile. However, aspirant borrowers need to keep a few things in mind before applying for a loan for business in Chandigarh. 

• Eligibility Criteria 

Lenders often see a business loan as “high-risk” credit since they are unsecured. Therefore, they only sanction loans to those applicants with the utmost financial credibility. In this regard, factors like the type of business, vintage of the organisation, credit score, etc. play a crucial role.

• Documentation 

Lending institutions also require applicants to submit a list of documents before sanctioning a business loan. It includes: 

1. ID Proof 

• Voter card
• Aadhaar card 
• PAN card 
• Driving license 

2. Address Proof 

• Telephone bills 
• Electricity bills 
• Ration Card 

3. Financial Documents

• Bank account statement of last 6 months 
• Income Tax documents 
• Audited balance sheet and profit & loss statement

4. Proof of Ownership 

• Business registration certificate
• Proprietorship agreement 
• Partnership agreement

Apart from that, to be eligible for an unsecured business loan in Chandigarh, people also need to have a good credit history, preferably a score of 750 and above. Naturally, fulfilling all the criteria often becomes difficult. In that scenario, a gold loan from Rupeek can solve the problem with its borrower-friendly features. 

It serves as an excellent alternative to a conventional business loan, especially for those who run a small business in Chandigarh. They need to pledge the gold in their possession and avail the amount they require as per the current value of gold. 

Rupeek is one of the best in the gold loan segment because of the several customer-friendly benefits it proposes. The following are some of them. 

• Highest Per Gram Value 

Rupeek offers the highest per gram value of the pledged gold. Individuals can borrow an amount of up to Rs.1.5 crore with Rupeek to sufficiently meet their business financing needs. To make things easier, they can also use the Rupeek gold loan calculator and check the amount of gold they need to pledge to get the required money. 

• Lowest Interest Rate 

The interest payment of a Rupeek gold loan is feasible and affordable for organisations of all sizes as the monthly interest rate starts at just 0.79%.

• Flexible Repayment Structure 

Rupeek allows its customers to repay the gold loan as per their financial capacity. Borrowers can choose to pay the loan amount anytime within the tenure or pay the whole amount at once via our bullet payment facility. 

• Minimal Documentation 

Unlike an unsecured business loan in Chandigarh, people only need to submit KYC documents to avail of a Rupeek gold loan. Resultantly, it makes the approval and disbursal process much faster. 

• Savings on Balance Transfer 

People can transfer their existing gold loan from other lenders to Rupeek. In this loan transfer process, they can save up to Rs.12377/lakh on interest payable. 

Apart from these, people can further maximise their benefits with an instant gold credit line facility. 

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Also known as Rupeek Quick, it is an overdraft facility that individuals can avail against their gold’s value. Such a facility comes in handy, especially during emergencies, as one can avail funds anytime from the credit line.

Moreover, since there is no lock-in period, individuals can utilise the funds as soon as that is credited to their respective mobile wallet. What’s more, Rupeek charges interest only on the amount that is withdrawn or utilised and not the entire sanctioned amount. Thereby, people can save both time and money by opting for Rupeek Quick.

What makes our services even more convenient is our presence across all the top localities in Chandigarh.

The following are some of the prime locations in Chandigarh where you can avail our services. 

1. Sector 1 Chandigarh
2. Sector 22 Chandigarh
3. Manimajra
4. Sector 26 Chandigarh
5. Sector 15 Chandigarh
6. Ram Darbar
7. Sector 20 Chandigarh
8. Sector 35 Chandigarh
9. Sector 21 Chandigarh
10. Sector 9 Chandigarh
11. Sector 19 Chandigarh
12. Sector 40 Chandigarh

Additionally, we facilitate a simple online application process. All you need to do is search for “gold-backed business loan near me” and apply. Our loan manager will contact you soon and answer all your queries regarding this loan. What are you waiting for? Apply today for a Rupeek gold loan and fulfil your dreams!