Business loans in Surat

While a business loan is essential to bridge the gap between the shortage of funds and required liquidity, the borrowers need to go through a stringent eligibility check.

Following are some of the aspects that they need to fulfil to avail an unsecured business loan in Surat. 

• The vintage of business (2 – 3 years running in profit)
• Annual turnover of Rs.25 lakh or more
• A balance sheet of profit and loss, duly audited by CA
• A credit score above 750

Apart from these, candidates also need to present the following documents to avail a business loan –

1. Address proof
2. ID proof
3. Proof of business ownership
4. IT documents
5. Partnership agreement (for partnership firm)

Being collateral-free, most business loan providers in Surat regard this loan as high-risk lending. Thus, meeting the eligibility criteria is a mandate. However, unfortunately, many business owners cannot always meet all the criteria.

For such individuals, a gold loan for business can be an excellent substitute for a business loan. But, aspiring borrowers must compare the two types of loans to make a financially sound decision.

Following is a difference between Rupeek gold loan and business loan in Surat.

On top of that, Rupeek also offers several repayment schemes so that borrowers can repay their loan sans hassle. 

Rupeek is one of the best business loan providers in Surat owing to the following benefits it offers –

• Substantial Loan Amount 

Individuals can take out a loan up to Rs.1.5crore against their gold jewellery with Rupeek. We offer the highest per gram value, ensuring borrowers can mitigate their financial requirements adequately. Prospective borrowers may use a gold loan calculator to check the loan amount they can procure against their gold in possession

• Lower Interest Rate 

The gold loan monthly interest rate in Surat starts at 0.79%, making this borrowing option more affordable for individuals. Such low rates reduce the cost of borrowing and offer greater financial leeway to businesses. 

• Quick Approval and Disbursal 

Being a secured loan, Rupeek approves and disburses a gold loan immediately within 30 minutes to 1 hour. It is possible because Rupeek has in place a simple online application process to avail the gold loan.

• Secure Loan Processing Procedure 

The entire process of KYC verification and loan approval takes place at borrower’s home. Therefore, the safety of gold is ensured. Moreover, the pledged gold is stored at a bank vault within a radius of 5km of the borrower’s residence. 

Apart from these, we also offer Rupeek Quick. Businesses can easily meet their instant financial requirements by leveraging this service. 

An urgent business loan in Surat is challenging to come by owing to the various formalities it entails. To ensure businesses can address their emergency financial obligations efficiently, we offer Rupeek Quick. It’s a credit line that borrowers can secure by pledging gold once.

Businesspersons can take out any amount they require from the sanctioned limit whenever to meet a host of financial obligations. What’s more, borrowers only need to pay interest on the borrowed amount, which lowers the repayment liability significantly.

We are available in almost all the major cities in India, including Surat, Gujarat. Following are a few localities of Surat where you can find doorstep service for Rupeek gold loan. 

1. Amroli
2. Adajan
3. Pal 
4. Sachin 
5. Dumas Road
6. Dumas 
7. Hajira
8. Katargam
9. New Textile Market 
10. Mota Varachha 
11. Udhana - Magdalla Road
12. Umarwada
13. Piplod
14. Olpad

Your search for an instant business loan near me has led you to the right place if you are from any of these localities or their neighbouring regions. Contact Rupeek today and get your desired loan amount!

While getting a business loan in Surat is tricky due to the competitive market scenario, Rupeek gold loan can come to the rescue that simplifies borrowing for business. Furthermore, availing a gold loan, individuals can make the most of their gold equity to acquire funds for business or any other reason at large.