Service Update- (Covid-19)
In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here covid19 FAQ page
Ghaziabad, famously known as “the Gateway of Uttar Pradesh, “is one of the state’s most prominent industrialised regions. Recently Ghaziabad secured the 3rd rank in the industry-to-GDP ratio and the number of workers employed, as per the India Today SOTS district awards. It is a vital indicator of the business-friendly environment that this place is characteristic of. Besides being home to one of India’s largest power plants, NTPC Dadri, Ghaziabad is also a hub of a cluster of MSMEs, including textiles, ceramic, pottery, electronic goods, etc.
As part of the NCR, the scope for businesses in Ghaziabad is vast compared to other districts of Uttar Pradesh. Consequently, the business-owners based out of this region often require funds to ensure their businesses’ smooth operations lest they fall behind in the competition. Thus, a business loan in Ghaziabad is all they need to finance these expenses. By assessing the varying needs of different ventures, top NBFCs and banks extend business loans of various types that prospective borrowers can consider.
Every business has unique requirements. Thus, before opting for a loan, individuals must know about the different types of business loans available in Ghaziabad.
As the name suggests, this particular loan is suitable for supplementing working capital funds and ascertaining healthy cash flow in a business.
Business owners avail this fund to purchase new machinery or repair the existing ones to boost productivity. However, before applying for this fund, people can follow a quick guide on business equipment financing to make the most of it.
This specific loan allows business owners to borrow funds by collateralising their accounts receivable or approved invoices that debtors are yet to settle.
As more women are emerging as successful entrepreneurs, several lending institutions offer a customised business loan for women.
Nevertheless, irrespective of the type of business loan one chooses, they need to go through a strict eligibility check-up. Due to this, getting a loan for business in Ghaziabad is getting tougher with times. Almost all prominent lenders functional in this region sanction business loans only to the ones with higher eligibility to ensure on-time repayment of the same.
However, to bypass this hassle, one can simply opt for an easier alternative like a gold loan. It will not only cut short the lengthy documentation process of availing unsecured business loans in Ghaziabad but also facilitate a speedy disbursal.
In this regard, the prospective borrowers can make a comparative analysis of business loan vs. gold loans to get their hands on the best possible credit option for business.
The online HTML, CSS and JS beautifiers will take care of your dirty web code. They are all free online programs.
The following are some of the most striking differences that a business loan in Ghaziabad and a gold loan have.
Features |
Business Loan in Ghaziabad |
Gold Loan |
|
1. |
Eligibility |
Stringent |
Depends on the amount and quality of pledged gold |
2. |
CIBIL Score |
Preferably 750 and above |
Not required |
3. |
Documentation |
ID proof, Address proof, audited financial documents, proof of business ownership, etc. |
Only KYC |
4. |
LTV |
NA |
Up to 80% |
5. |
Loan Approval and Disbursal |
Takes a few business days |
Within 45 – 60 minutes |
6. |
End-use Restriction |
No |
No |
Besides opting for a suitable financing option, one must also choose a dependable lender to maximise convenience. And while several lenders in Ghaziabad offer a gold loan with feasible terms of use, Rupeek holds a stellar reputation mostly due to the advanced features it accompanies.
People who require instant small business loan in Ghaziabad can opt for Rupeek mainly because of the following reasons.
Apart from these, Rupeek also offers a gold loan overdraft facility that makes financing easier than ever.
Rupeek introduces a gold loan overdraft facility called Rupeek Quick that provides an extended line of credit to borrowers. By pledging gold articles, individuals can borrow instant cash that will be credited to their mobile wallet.
They can transfer any amount from that sanctioned limit to their bank account as and when necessary. However, the interest payment applies only to the amount withdrawn or utilised. Besides, another USP of Rupeek is they are available in all the major cities locations in the city, making an apt alternative to business loans in Ghaziabad.
We are available in more than 500 locations across India, including Uttar Pradesh. People from Ghaziabad can find us in the following areas.
We are also available round the clock. You can reach out to us anytime for your business financing needs. Enter “gold loan near me” on the browser to find the nearest one to you and apply for a gold loan online. Our loan manager will contact you shortly with customised Rupeek gold loan schemes, best in Ghaziabad, NCR.
While qualifying for a business loan in Ghaziabad is challenging owing to the competitive market scenario, Rupeek gold loan can be a saviour. Using the funds from this gold loan, individuals can execute several business activities, including financing for franchise or dealership.
Loan Amount
Tenure
Interest Rate
Edit
Gold Weight
Gold Purity
Tenure
Edit
Several top financial institutions offer an MSME loan after proper eligibility checks. However, if one fails to meet the required eligibility, they can also opt for an alternative gold loan from Rupeek by making use of their gold’s equity.
You need to contact our support team if you have to change or edit any of your contact details, including mobile number while servicing a loan.
First, you need to request online for a gold loan. The loan manager will get back to you soon and visit your home for the rest of the process. The person in charge will check your KYC documents and evaluate the gold as per that date’s rate. Then he/she will approve the loan amount, and the amount will be disbursed within 30 seconds in the presence of the loan manager.
The pledged gold will be kept at the nearest bank’s vault.
Business owners can utilise a gold loan from Rupeek for several business activities like funding working capital, buying new inventories, purchasing new office space, launching new products, hiring skilled workers, and so on.
Rupeek has a dedicated rebate scheme that applies to the interest payment. The higher is the repayment frequency, the more rebates one can earn.
Yes. Rupeek has a part-payment facility. All you have to do is open the “repay the bill” tab on our online portal and select the “part payment” option. The repayment amount will range from the monthly interest component to anything less than the full-closure amount.
Your request has been received, our customer relationship manager has been notified and will call you shortly