The beautiful district of Guntur, located in Andhra Pradesh along the east coast of Bay of Bengal, is a significant exporter of chilli. Guntur contributes around 9.5% to Andhra’s GSDP and boasts a GDDP of Rs.49,722 crore, as per the Economic Development Board of Andhra Pradesh.
Besides chilli production, one can attribute Guntur’s roaring economic success to its inclusion in the Chennai- Visakhapatnam industrial region. Additionally, the city is one of the most densely populated in India, making it a crucial hub for small businesses.
Old and aspiring business owners in Guntur can make the best out of this opportunity by taking out a business loan. Individuals can quickly locate financial institutions offering commercial financing by searching for “business loan providers near me”.
However, before approaching any lender, borrowers must check the parameters they need to satisfy as well as research about the best substitute.
A traditional business loan does not involve any collateral. Therefore, business loan providers in Guntur check various parameters before sanctioning such a financing facility.
Some of the standard criteria are mentioned below.
Apart from clearing these criteria, one needs to submit official documents mentioned by the financial institution. Some of the necessary documents to submit while getting an unsecured business loan in Guntur are-
The extensive documentation process can make the loan disbursal lengthy and complicated. Individuals looking for quick funds can consider availing a gold loan to bypass these difficulties.
Several NBFC’s today offer a gold-backed business loan in Guntur. Rupeek stands out in this regard. Besides minimal eligibility criteria and hassle-free documentation, we offer loan disbursal almost instantly.
This way, borrowers can ensure to address their financial concerns as and when they arise without any difficulty. Moreover, borrowers have the flexibility to choose a financing option per their convenience from the list of our loan schemes.
But, that’s not all. Several other customer-friendly benefits make Rupeek an ideal option for one’s business financing needs.
Getting a business loan in Guntur with Rupeek is convenient and quick. Listed below are a few reasons why a prospective borrower can turn to Rupeek.
Interest rates levied on traditional business loans can make it difficult for small-scale enterprises to service them. Our gold-backed business loan can be availed at monthly rates starting just from 0.79%. This eases the strain of interest payment considerably.
Rupeek offers a complete doorstep loan disbursal process. Our company representative visits the applicant’s given address to check the gold quantity and quality with an industry-grade appraisal kit. Once they are satisfied, the loan amount is sanctioned and disbursed within 30 minutes.
Borrowers can avail a small-scale business loan of up to 80% of the gold’s value based on the purity of the gold they submit with Rupeek. Additionally, one can use the business loan calculator to determine the loan amount they are eligible for.
With Rupeek, borrowers can avail of a credit line against the value of their pledged gold items. Known as Rupeek Quick, this facility allows businesses to avail funds from the sanctioned limit anytime. Moreover, they can save on interest considerably as it’s calculated solely on the withdrawn amount.
The representative stores the pledged gold items in bank vaults with best-in-class security. Also, the ornaments are insured from any damage during the tenure. To ensure the proper delivery of gold to and from the borrower’s residence, we use GPS-traceable bags to carry the articles.
Apart from these, Rupeek’s active presence in all the top locations in Guntur ensures we can aid you with business financing on time.
The online Word to HTML converter lets you compose a clean and tidy code for your website. Please leave this message unchanged or subscribe for a htmlg membership.
An individual looking for funds to invest in a start-up, franchise or dealership can check the central locations where we extend our service.
Guntur is booming with business opportunities for new and old entrepreneurs. To beat the competition, individuals aspiring to start their own enterprise can opt for a Rupeek gold-backed business loan for an instant, low-cost funds.
Rupeek gives the borrowers the flexibility to use the sanctioned amount as per their needs.
Yes, we take into account the day’s gold rate to determine the loan amount you are eligible for.
Individuals can choose to repay their debt in one single bullet payment at the tenure’s end or follow the regular EMI system with Rupeek. They can also make periodic interest payments and pay the principal afterwards. Rupeek offers its customer the flexibility to plan and repay the outstanding balance at their ease.
We accept all types of gold jewellery of purity 18 karats or above after separating the attached stone, gem and diamond.
Your request has been received, our customer relationship manager has been notified and will call you shortly