Business Loan in Kanchipuram

This temple city, located 72 km from Chennai, is one of the favourite pilgrimage sites in India, home to revered destinations like the Vaikuntha Perumal Temple and Kailasanathar Temple. With a silk industry worth Rs. 100 crore, Kanchipuram contributes to 35% gross export earnings of Tamil Nadu’s textile industry.

As its tourism and weaving industries continue to be populated with new organisations in Kanchipuram, there is a rising demand for business loans.

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Eligibility Criteria for Business Finance in Kanchipuram

Because no collateral backs up a traditional business loan, lenders in Kanchipuram are more attentive towards other aspects while sanctioning credit. Notwithstanding the type of business loan an individual opts for, lending institutions set rigid requirements for qualification, some of which are listed below.

  • Applicant should hold good repayment history.
  • CIBIL score must not be less than 750.
  • Minimum business vintage should be 2 years.
  • Annual revenue and minimum profit must match the lending institution’s criteria.

Additionally, candidates need to keep the following documents handy while applying for a business loan in Kanchipuram.

  • KYC documents for ID and address proof
  • Business ownership proof
  • Bank account statement of the company, for the past 6 months
  • A copy of income tax returns statement for the previous year
  • Audited profit and loss statements and balance sheet for the previous year

These stringent eligibility criteria, along with high rates of interest, can make it notably difficult for small-scale enterprises and new businesses to avail an unsecured loan.

Although individuals can turn to Tamil Nadu government loan scheme for small business, the tedious application, documentation, and disbursal process might not be conducive for quick financing requirements.

Avoid the hassle of such elaborate documentation process by opting for a gold loan from Rupeek. With quick disbursal and affordable rates of interest, it is a perfect solution for emergency business loans in Kanchipuram.

Rupeek Gold Loan – A Perfect Alternative

Partnered with renowned financial institutions like Federal Bank, Karur Vysya Bank, and ICICI Bank, Rupeek offers gold loans up to Rs. 1.5 crore along with other striking benefits, like:

  • Get lowest business loan interest rates in Kanchipuram, starting from 0.49% per month.
  • Forget the hassle of EMIs with flexible repayment schemes in Kanchipuram and pay at your convenience within the tenure.
  • Avail the best amount for your gold with highest LTV of 80%.
  • Utilise our user-friendly gold loan calculator to reckon the amount you can take out against the current value of your gold items.
  • With Rupeek Quick, you can avail instant funds from the extended credit line against gold and pay interest only on the borrowed sum.
  • Complete your verification process and get gold appraised from the comfort of your home with our doorstep service.

Moreover, our presence across all the major localities in Kanchipuram allows our representatives to be at your residence or office within 30 minutes.

Our Operational Locations in Kanchipuram

Avail gold loan services from Rupeek from the following localities in Kanchipuram.

  • Sriperumbudur
  • Walajabad
  • Irungattukottai
  • Sunguvarchatram
  • Ayyampettai
  • Pannur
  • Uttiramerur
  • Enathur
  • Palayaseevaram
  • Medavakkam
  • Ambattur
  • Chromepet
  • Tambaram
  • Madipakkam

If you are still looking for “business loan provider near me”, avail Rupeek gold loan services today and help your take off to success immediately!

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Frequently asked questions

  1. How safe are my gold item with Rupeek?

Rupeek ensures optimum security of pledged ornaments by transporting them in a sealed GPS secured bag and then storing them in high-security vaults of partner banks. Gold items are also 100% insured to compensate for any unforeseen incident like damage or theft during the tenure.

  1. Can I make a part payment of my gold-backed business loan?

Yes, you can make a partial repayment of gold loan, given the amount is between the monthly interest and anything less than the total loan amount. Just visit our “Repay Your Loan” page, sign in with your registered mobile number and OTP and choose “Part Payment” underpayment option.

  1. What documents do I need to submit to avail gold loan for business in Kanchipuram?

You only need to produce KYC documents for ID proof. Plus, submit a lease agreement or any utility bill as a proof of address.

  1. What steps can I take in case there is a disparity in my returned gold items?

Kindly contact our customer helpdesk for assistance with any discrepancy in received gold jewellery.

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