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Formerly known as Cocanada, Kakinada is a seaport that serves as the district headquarters of the East Godavari district. Located in Andhra Pradesh, this city is an exporter of coconuts, cotton, sugar and groundnuts.
Kakinada is home to many edible oil refineries and also serves as a facilitator for importing soybean oil and crude palm. Moreover, Vakalpudi Industrial Park has attracted investments from companies like Reliance Industries and Universal Bio Fuel.
These developments in Kakinada have provided immense leverage to small, medium, and new enterprises, and resultantly the need for easy business loans have grown tremendously.
Multiple banks and NBFCs offer a business loan in Kakinada, and you can apply for it via their online portal or by visiting their branch.
However, the rigid eligibility criteria can restrict new and small-scale enterprises without sufficient turnover and credit history to take out an unsecured business loan. Moreover, the lengthy documentation process makes this financing option unsuitable during emergencies.
Thus, it may be smart to explore alternatives avenues like gold-backed business loan offers in Kakinada. In the past few years, gold loans have become one of the most preferred sources of raising funds. The hassle-free documentation process and the fairly lenient eligibility criteria have been pivotal in surpassing regular business loans in Kakinada.
If you’re in urgent need of funds, you can get in touch with us and avail our doorstep loan service. We are one of the leading gold-backed business loan providers in Kakinada providing loan disbursal within 30 minutes.
Once you place a request with us, we’ll send our loan manager to your location for a few formalities like KYC and gold appraisal. After successful completion of the process, your loan amount will be credited to your account immediately.
Here is a tabular representation highlighting some key features of our gold-backed business loan:
Age of the applicant |
The applicant must be at least 18 years old. |
Type of gold items accepted |
Only gold jewellery is accepted; the purity level should be above 18 karats. |
Loan tenure |
6 months |
Loan amount range |
The loan amount can range from Rs 15000 to Rs1.5 crore. |
Besides these, you can also enjoy exclusive benefits with our gold-backed business loan in Kakinada.
Here are some benefits of our gold-backed business loan:
Furthermore, our availability across Kakinada has allowed us to attend to applicant’s requirements promptly.
You can avail our doorstep loan service in any of the following areas:
Now that your quest for the most lucrative ‘business loan provider near me’ is over, it’s time to utilise the idle gold ornaments in your locker. Apply for a gold-backed business loan in Kakinada today and accelerate the growth of your enterprise.
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We’ve partnered with an international security service to efficiently transport the gold from your home to the bank branch in a sealed GPS-traceable bag. After reaching the bank, the gold ornaments are stored in a vault equipped with military-grade security to ensure maximum safety. Moreover, we provide our customers with 100% door to door insurance.
No, your credit score is not relevant for a gold loan. You are only required to submit your KYC documents to avail a gold-backed business loan in Kakinada.
No, there isn’t any lock-in period. Also, we don’t impose any prepayment penalties.
The calculation of interest on a gold loan usually depends on the lender. Hence, the interest rate is different across every lending institution. However, Rupeek is the most preferred gold-backed business loan provider because of our lowest interest rates.
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