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MSME loan in Hyderabad

The capital and the largest city of Telangana, Hyderabad is home to several IT and multinational companies and has emerged as a significant hub for pharmaceuticals and biotechnology industries.

Known as the ‘City of Pearl’, Hyderabad nurtures a unique blend of history and modernisation, which reflects through places like Charminar, Golkonda Fort, Ramoji Film City, Chowmahalla Palace, Hussain Sagar Lake, Birla Mandir, etc.

Over the years, Hyderabad has also emerged as a prominent IT hub on the heels of Bangalore. Besides IT, and a range of other industries have also become particularly prominent owing to a continually inflating consumer base. Entrepreneurs looking to capitalise on the growing opportunities in Hyderabad can opt for an MSME loan/SME loan.

Features Of MSME Loans

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.

MSME/SME

Loan

Documents

1.

Identity proof

2.

Residence proof

3.

Age proof

4.

Income proof of the applicant

5.

Rent agreement, Sales deed, Memorandum of Association (MOA), Article of Association (AOA)

6.

Business address and existence proof

7.

Last 12 month’s bank statement

8.

Business registration proof

9.

Proprietor(s) PAN card copy

10.

Partnership deed copy

11.

Company PAN card copy

12.

P&L copy and Bank sheet copy of previous 2 years
(CA audited)

13.

Sales tax documents

14.

Municipal tax documents 

15.

ITR documents of the previous 2 years

16.

Last year’s GST returns

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.

Gold Loan Vs MSME Loan/SME Loan Against Gold

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.

Reasons To Opt For Financial Services At Rupeek

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 0.79%

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 0.79% 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.

Major Localities We Operate In Hyderabad

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!

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Benefits of Gold Loan over MSME/SME loan.
Today's maximum loan value/gm **
max LTV

Last Updated :

Last Updated :

  • <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. Can I opt for part release for my MSME loan against gold?

Certainly, you can opt for a partial release during the loan process. However, one must remember that the part-released items must weigh above 10 grams. Connect to our customer support team to arrange the process.

  1. What are the gold loan tenure, lock-in period and prepayment penalties of MSME loan against gold?

Individuals can enjoy a tenure of up to 6 months with us. You can also re-pledge the ornaments to extend this term. There is no lock-in period involved in this process, and we do not levy any prepayment penalties either.

  1. What KYC documents do I submit for an MSME loan against gold?

You need to submit ID proof and address proof that may comprise driving license, voter ID card, Aadhaar card, PAN card, passport, and a utility bill or lease agreement.

  1. Does Rupeek provide more than 1 MSME loan against gold at a time?

Certainly, Rupeek provides more than 1 loan at a time. Connect our customer support team to learn more about it.

  1. What repayment facilities are available with Rupeek for MSME loan against gold?

With Rupeek, you can opt for interest payment, closure payment and part payment. You can access these options via the ‘Repay your Loan’ portal.

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