MSME Loan in Hyderabad

Several banks and NBFCs offer MSME/SME loans in Hyderabad. Following are some basic pointers that make MSME financing a unique loan option.

• Collateral-Free Loan: MSME loans are unsecured, which means businesspersons need not pledge any collateral to get the loan sanctioned.
• Loan Amount: MSME/SME financing offered by financial institutions generally ranges between Rs. 10000 to 1 Crore. Factors like a borrower’s repayment capacity and credit score play a crucial role in determining the loan amount.
• Loan Tenure: The repayment term for SME/MSME business loans Hyderabad generally ranges between 1 year to 5 years. Financiers can extend this tenure if need be.
• Different Types Of Loans: Several types of MSME/SME loans are available in the market. Businesspersons can choose among term loans, overdraft facility, and invoice discounting per their requirement and eligibility.
• Interest Rate: Banks and NBFCs generally charge a high interest rate on MSME loan/SME loan. It depends on an applicant’s credit score and other eligibility parameters.
• MSME Loan Eligibility: Banks and NBFCs provide MSME loans on the basis of certain parameters. The basic factors include the age of the applicant (18-66 years), business turnover of minimum 25 lakhs (the amount may vary with the lending institution), business vintage of minimum 2 years and in profit and most importantly a credit score of 750+.
• MSME Loan Documentation: An eligible MSME applicant must submit the following documents when applying for MSME/SME business loans Hyderabad.

The above-mentioned list is indicative. Financial institutions may ask for additional documents while approving of the same.

• MSME Schemes: Enterprises registered as an MSME under the Udyog Aadhaar Memorandum can opt for an array of government-backed schemes. These generally come with lower interest rates.
• Pradhan Mantri Mudra Yojana (PMMY)
• Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTFMSE)
• Credit Linked Capital Subsidy Scheme (CLCSS) etc.
• Processing Time: Banks and NBFCs usually disburse SME loans in Hyderabad within 3 – 7 days from application. Entrepreneurs might receive government-backed MSME funds after 8 – 10 days.

The government has undertaken various measures to provide credit facility to the MSME sectors. But the extensive documentation and strict eligibility criteria often prevent micro and small enterprises from availing financing on time.

On the other hand, financial institutions (banks and NBFCs) look for a high credit score and a clean repayment history. Therefore, entrepreneurs with low or no credit history find it challenging to avail from a lending institution. In that case, business persons or entrepreneurs can consider MSME loan against gold as an alternative option because of its quick processing time and easy documentation.

The benefits of gold loans are multitudinous. It is because-

• Lesser paperwork hastens the processing time and, thus, can guarantee quick disbursal.
• Secured nature of these loans helps to reduce the cost of borrowing.
• Gold loans do not involve end-use limitations.
• Lower loan quantum (4-6 months) ensures fast loan repayment when compared to MSME loans (1-5 years).

These are the standard benefits that come with an MSME loan scheme against gold. But, to enjoy additional benefits like loans at your doorstep and multiple repayment schemes, you may consider Rupeek. There are various benefits you enjoy with us that make us stand out from other loan providers.

Following are some of the features and benefits that make Rupeek’s business loan against gold a consumer-friendly financing option.

• Quick Disbursal

The steady cash flow is mandatory to run a business optimally. But, MSME/SMEs often fail to get credit due to the extensive documentation process that financial institutions follow. With Rupeek, this problem can easily be alleviated. Our documentation only includes verification of the KYC documents, ensuring quick disbursal within 45-60 minutes.

• Doorstep Service In 30 Minutes

With Rupeek, entrepreneurs can avail SME/MSME business loans Hyderabad against pledged gold with utmost privacy and from the comfort of their homes or offices. After applying for a gold loan, our executives reach to the client’s location as per the scheduled time to complete document verification and gold valuation. This doorstep facility helps them to avoid the hassle of going to any bank branch and, most importantly, risk their valuables.

• Interest Rate At 0.49%

Generally, banks and NBFCs charge a higher interest rate due to the unsecured nature of MSME loans. However, with us, individuals can get a loan at a starting interest rate of 0.49% per month. With such a lower interest rate, borrowers can manage the entire loan competently.

• Loan Up To Rs.1.5 Crore

Businesspersons can get MSME loan/SME loan against gold up to Rs.1.5 Crore with our offering of the highest per gram rate. Also, individuals can check out our easily accessible gold loan calculator that enables borrowers to assess the loan amount against the pledged gold. Alternatively, individuals can find out the amount of gold they need to pledge to avail necessary funds.

• Easy Repayment

To make the MSME Hyderabad loans against gold business-friendly, we have come up with a flexible repayment facility. Individuals can choose to pay instalments per their convenience during the tenure, via regular EMIs, or through a single bullet payment.

• Gold Overdraft Facility

Also referred to as ‘Rupeek Quick’, this facility enables borrowers to avail a credit line by depositing additional gold as collateral. Also, business persons get the added benefit of saving sizeably on interest payment as it accrues only on the expended sum.

To ensure each micro, small and medium enterprises in Hyderabad can get affordable financing, we have stretched our financial services across all the major locations in here.

Borrowers can avail our doorstep services in the following locations in Hyderabad.

• Secunderabad
• Banjara hills
• Begum Bazar
• Jubilee hills
• Vikarabad
• Kukatpally
• Falaknuma
• Golconda
• Himayathnagar
• Khairatabad
• Begumpet
• Miyapur
• Bowenpally
• Ghatkesar
• Balnagar
• Sanjeev reddy Nagar
• Amberpet
• Erragadda
• Himayat Sagar
• Shamirpet
• Chandanagar
• Musheerabad
• Sainikpuri
• Tarnaka
• Somajiguda
• Yousufguda
• Alwal
• Bahadurpura
• Film Nagar
• Gandhinagar

Upgrade your micro or small or medium business with the quick financing offered by Rupeek. To get the best MSME loan/SME loan against gold in Hyderabad, click apply now!