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Delhi

MSME loan in Delhi

The national capital, Delhi, is Northern India’s largest commercial centre. The city also boasts a rich historical heritage as the capital of several kingdoms of the past, including the Mughal Empire and Delhi Sultanate. The strong association with history reflects on places like Red Fort, Humayun’s Tomb, Qutub Minar, Jantar Mantar, and, India Gate.

Industries like IT, hospitality, healthcare, and media contribute significantly to the city’s economy. As the capital of India, the city enjoys notable prominence in terms of ease of doing business and infrastructure that alongside a massive consumer base creates the ideal marketplace for MSMEs.

Entrepreneurs in Delhi can leverage the several MSME loan/SME loan offered via government schemes and private financiers. Since it is a multi-purpose financing facility, borrowers can use the loan to address an array of obligations.

Purpose Of Availing An MSME Loan

Entrepreneurs can avail an MSME loan in Delhi to meet the following expenses –

  • Expand an existing unit
  • Consolidate existing debts
  • Purchase new plant, machinery, or equipment
  • Working capital financing
  • Streamline cash flow
  • Upgrade equipment
  • Pay rents, salaries, hire, and train staff

MSME Loan Eligibility

Banks and NBFCs offer MSME loans to business owners or enterprises or individuals who comply with the following criteria.

  • Applicant’s credit score should be above 750
  • The age of the applicant must be between 18-66 years.
  • Annual turnover of not less than Rs.25 lakhs (might vary based on the lender)
  • A business vintage of at least 2 years and in profit

These are the key factors that private financiers take into consideration before sanctioning an MSME loan. As these are unsecured loans, the emphasis on high credit score often bars young entrepreneurs from getting their loan sanctioned.

Financiers may have in place additional parameters. Hence, it’s best to check these beforehand when searching for ‘MSME loan providers near me’.

The eligibility criteria for government schemes, however, are not that extensive. Enterprises must meet the revised eligibility criteria, w.e.f. 1st July 2020, to be recognised as an MSME.

Sector / Enterprise type

Existing criteria

Revised criteria

Manufacturing enterprises

(Investment)

Service enterprises

(Investment)

Investment in Plant & Machinery /Equipment

Annual turnover

Microenterprise

Less than 25 lakhs

Less than 10 lakhs

Less than 1 crore

Less than 5 crores

Small enterprise

Less than 5 crores

Less than 2 crores

Less than 10 crores

Less than 50 crores

Medium enterprise

Less than 10 crores

Less than 5 crores

Less than 50 crores

Less than 250 crores

MSME Loan/SME Loan Documents

An eligible applicant must provide the following essential documents to get an approval of MSME loans:

  • Identity proof
  • Residence proof
  • Business address and existence proof
  • Sales deed, Memorandum of Association (MOA), Article of Association (AOA)

Apart from these documents, applicants must submit financial papers, including:

  • Last 12 month’s bank statement
  • Business registration proof
  • Proprietor(s’) PAN card
  • Partnership deed copy
  • Company PAN card copy
  • P&L statement and latest Balance Sheet (audited)
  • Sales tax documents
  • Municipal tax documents

The documents involved in the MSME loan process are subject to change, depending on the lender. However, most budding SMEs do not maintain documents this extensively, which may bar their MSME loan applications from getting approved.

The documents one must provide are more or less the same in case of government schemes, such as the Emergency Credit Line Guarantee Scheme. The long list of documents involved in the MSME loan scheme 2020 apply online Delhi process makes it cumbersome and time-consuming.

Plus, funding via government schemes may take up to 8 – 10 days to come through, and maybe even more than that. To ensure seamless financing, individuals can consider MSME loan against gold as an alternative option for its secured nature and hassle-free quick disbursal.

Gold Loan As An Alternative

During urgency, gold loans can offer an enormous help in terms of liquidity. MSMEs in Delhi that want quick funding to enhance cash flow or undertake large-scale expenses can easily opt for gold loans. The advantages of gold loans include:

  • Faster processing time due to minimal documentation.
  • Nominal eligibility criteria because it’s a secured financing option.
  • No end-use restriction, unlike that of certain government-sponsored MSME loans

Derailing from traditional MSME loan procedure, opting for gold loan, and finding the right gold-backed MSME loan provider in Delhi may seem hectic and troublesome. But, with Rupeek, you can rest assured to get the fastest MSME funding along with a host of other industry-first benefits.

The Many Merits Of Rupeek’s Gold Loan

Prospective MSME/SME’s can expect the following benefits by opting for Rupeek. 

  1. Quick Disbursal

From applying for an MSME loan against gold to fund transfer to borrower’s account, the entire procedure takes only 45-60 minutes. With such a faster processing time, business persons can meet any of their business-related requirements timely.

  1. Doorstep Services

Entrepreneurs looking for instant MSME loans in Delhi for women can avail funds from the comfort of their home or office. Our loan representative comes to a location of the applicant’s preference at the scheduled time to complete the entire process. Hence, it becomes considerably more convenient for borrowers to pledge their gold for availing instant MSME funding.

  • Minimal Documentation

As opposed to the extensive documentation of traditional MSME loans, one can avail an MSME loan against gold with us by submitting KYC documents and an address proof. The minimal documentation process enables businesspersons to save a lot of time and trouble of collating a variety of financial records. MSMEs that do not keep financial records that extensively, especially ones newly set up or with unaudited income statements, can particularly benefit from it.

  1. Low Rates Of Interest

High interest rates levied by private financiers can make it difficult for micro and small-scale enterprises to service an unsecured MSME loan/SME loan. Avail a loan against monthly interest rates starting at just 0.79% to meet all financial obligations without saddling the company’s working capital with Rupeek. Plus, the short tenure lowers interest payment considerably.

  1. Loan Up To Rs.1.5 Crores

We offer one of the highest per gram rates against gold. Entrepreneurs can get the maximum value against their collateral and fund all monetary obligations adequately. To get a clear understanding beforehand, our clients can use the gold loan calculator to evaluate the sum they will be getting from us against their pledged gold.

  1. Flexible Repayment

Our flexible repayment facility enables borrowers to repay as per their convenience. Businesspersons can choose either to pay on a monthly basis or any time within the gold loan tenure as per their convenience.

  • Gold Overdraft Facility

Gold overdraft facility, also known as Rupeek Quick, allows entrepreneurs to address all cashflow shortfalls on time. Get a credit line against gold and avail funds from it anytime to meet all types of expenses. Save considerably on interest by paying interest only on the amount utilised and not the limit sanctioned by us.

After reading our various financial offerings and assistance, businesspersons who are willing to take an MSME loan/SME loan against gold can find our financial services in and around all the major locations in Delhi.

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Availability Of Rupeek In Delhi

Get an MSME loan in Delhi with 30-minutes doorstep service from any of the following locations –

  • Maidan Garhi
  • Moti Bagh
  • Justice SB Marg
  • JNU ring road
  • Chandni Chowk
  • Tilak Marg
  • Sansad Marg
  • Karol Bagh
  • Connaught Place
  • Anand Vihar
  • Hauz Khas
  • Nehru place
  • Pusa
  • Najafgarh
  • Pragati Maidan

Conclude your search for an affordable, quick MSME loan/SME loan in Delhi with Rupeek. To get the best financial solution in the capital city of India, Delhi, click apply now.

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Benefits of Gold Loan over MSME/SME loan.
max LTV

We offer the highest per gram rate on our gold loans.

Today’s max loan value/gm () **

Today’s max loan value/gm ()
**
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters MSME / SME Loan Gold loan
Interest Rate 2.39% .79%
Monthly Interest Amount
Eligibility & Documentation More Documents Needed Only KYC Needed
Processing Time & Disbursement 2 days to 1 week Within a day
Required Gold Weight -
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Frequently asked questions

  1. How can I avail a new MSME loan against gold with Rupeek?

You can either request a fresh loan on our website, or you can shift your on-going gold loan from the existing financial institution to our company. For further information contact our customer support team.

  1. Where can I get an MSME loan/SME loan against gold from Rupeek?

Rupeek is an online gold company that provides doorstep gold loan services in and around all the major locations in Delhi. Hence, you don’t have to go through the inconvenience of visiting any branch.

  1. How can I repledge my existing MSME loan against gold?

If you are willing to repledge your jewellery and continue the on-going loan, you may to contact our customer support team who will guide you through the entire process.

  1. What are the basic factors to consider before taking an MSME loan against gold?

One needs to consider factors including Loan to Value ratio, interest rate, the security of the gold, additional fees and charges, repayment schemes before taking a loan.

  1. How can I repay a gold-backed MSME loan?

Visit the gold loan payment portal or app. Log in with the provided OTP sent to the existing registered number, view your profile and finish the gold loan repayments. 

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