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Business loans in Tirunelveli

Tirunelveli is an ancient city in Tamil Nadu and forms the headquarters of Tirunelveli district. The city is home to several industries like tourism, cement, cotton textile, tobacco, beedi factories, among others. This place is also a vital site for wind-power generation. 

Another speciality of Tirunelveli is that it has a large proportion of women workers employed in different industries. Therefore, women-driven businesses and other businesses alike have immense growth opportunities in this region.

Nevertheless, irrespective of the type of businesses, people often require additional funds to finance their business requirements. Thus, the demand for a business loan in Tirunelveli is also on the higher side compared to other parts of the district. 

It also implies that the business loan seekers need to fulfil several eligibility parameters to qualify for this financing facility.

Eligibility Criteria for a Business Loan in Tirunelveli

The table below illustrates the requirements that one needs to satisfy to avail an unsecured business loan in Tirunelveli. 

Particulars

Requirements

Age

Should be between 18 and 65 years.

Business Type

  1. Partnership
  2. Proprietorship
  3. Private Limited
  4. Public Limited

Business Vintage

At least o2 years 

Documentation

  1. Identity Proof
  2. Address Proof
  3. Proof of business ownership
  4. Financial documents (duly audited by CA)
  5. IT documents
  6. GST certificate
  7. ITR documents

Lenders determine the interest rates based on an applicant’s eligibility. Thus, small-scale enterprises and new businesses might need to pay higher interest to service their borrowing.

Alternatively, prospective borrowers can settle for a hassle-free Rupeek gold loan. All they have to do is pledge their gold deposits to avail funds against their value. But, that’s not all borrowers can enjoy with a gold loan from Rupeek.

Why Rupeek?

Our industry-first benefits can beat even the best business loan in Tirunelveli. Some of these are mentioned below. 

  • Minimal Documentation 

People only need to complete KYC verification to get our gold loan. Some of the documents required for gold loans include PAN Card, Aadhaar Card and others. 

  • Safety Assured 

Your gold is safe with us owing to our advanced safety protocols. After the collection of your pledged loan, our loan manager carries that in a GPS-traceable bag and deposits the gold at the nearest bank’s vault and follows the same procedure after the loan tenure ends. Additionally, we also offer door-to-door insurance of the pledged gold items to ensure the highest safety of the same. 

  • Highest Per Gram Rate 

We offer the highest per gram rate of gold. It means borrowers can get most of the equity of their gold, availing our loan. With an LTV of up to 80%, borrowers can take out loans up to Rs.1.5 crore. 

We also have a gold loan calculator that allows prospective borrowers to measure gold quantity they need to pledge to acquire the funds.

  • Instant Approval 

Borrowers can avail funds within 45 – 60 minutes with us. This allows businesspersons to attend to any financial emergency efficiently.

  • Flexible Repayment 

Rupeek allows borrowers to choose a repayment option that suits the best of their financial capacities. For instance, unlike a business loan in Tirunelveli, they do not need to pay regular EMIs. They can either repay the outstanding loan amount whenever they have a surplus at hand, or they can repay the entire amount at one go through a single bullet payment. 

Moreover, we also extend an overdraft facility that allows borrowers to avail instant funds as and when they require from Rupeek. 

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What Makes Gold Overdraft Facility Beneficial for Emergencies?

Customers can efficiently address their financial emergencies with our overdraft facility against gold, Rupeek Quick. It allows existing Rupeek consumers to avail an extended credit line on top of their existing gold loan by just pledging some additional gold articles. 

Once the verification of the pledged gold is done, we approve and disburse the amount directly to your account. After that, you can withdraw any amount you wish from that limit and pay interest only on that. 

In addition to these benefits, you can also enjoy our doorstep service within just 30 minutes owing to our strong presence in Tirunelveli.

Location List of Rupeek in Tirunelveli

The following is the list of sub-locations from where you can avail our instant loan services. 

  1. Ambasamudram
  2. Palayankottai
  3. Kokkirakulam
  4. Nanguneri
  5. Cheranmahadevi
  6. Kallidaikurichi
  7. Kudankulam
  8. Manjolai
  9. Kalakad
  10. Vallioor
  11. Kavalkinaru
  12. Alwarkurichi

Even if you reside somewhere in Tirunelveli that is not mentioned in this list, you still can contact us. Like you look for “business loan providers near me”, Rupeek doorstep loan is also just a call away. Our loan processing team will visit your place and complete the loan approval procedure. 

So, apply for a Rupeek gold loan now!

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Frequently asked questions

  1. How do I use a Rupeek gold loan for business?

Since Rupeek gold loan does not have an end-use restriction, you can use the funds from for any business requirement. For instance, you can use a Rupeek gold loan to start a business or to purchase office space.

  1. Do I need to have a CIBIL score to get a Rupeek gold-backed business loan?

No, you do not need a CIBIL score to avail a Rupeek loan. 

  1. What is the rebate program of Rupeek for business owners?

We offer rebates to all our customers, including business owners on regular repayment of the loan. Higher the frequency of your payments, the more rebate you are eligible for. For more information, visit our site. 

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