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Jaipur

MSME loan in Jaipur

The most populous city of Rajasthan, Jaipur garnered the title of “Pink City” because of its vibrant-coloured majestic buildings. Primarily, sites like Amber Palace, Hawa Mahal, City Palace, and Jantar Mantar account for huge tourist footfall in the city.

Over the years, several micro-, small-, and medium-scale enterprises have anchored their base in Jaipur, and many more continue to do so. To keep with the rising competition and maintain an edge over leading firms in Jaipur, entrepreneurs can opt for an MSME loan/SME loan.

There are several MSME financing options that companies can explore in Jaipur, both from private financial institutions and government. Thus, business owners, both new and existing, shall know in detail about different MSME loans and their features to make an informed decision. 

What Are The Types Of MSME/SME Loans?

As per a Government report, MSMEs contribute to nearly 30% of India’s GDP and is also a vital source of employment in the country. Recognising the sector’s massive heft in India’s economy, the central government has introduced a slew of MSME loan schemes over the years.

Following are some of them.

  • Prime Minister Employment Generation Programme (PMEGP)
  • Market Promotion and Development Scheme (MPDA)
  • Coir Vikas Yojana (CVY)
  • Skill Upgradation and Mahila Coir Yojana (MCY)

The eligibility parameters for a government-endorsed MSME loan are more flexible when compared to that offered by banks and NBFCs directly. However, the processing period is notably long, typically above 8 days. Thus, for businesses that require immediate funds cannot rely on this option.

Banks and NBFCs usually look for applicants with a credit score above 750, minimum two year’s bona fide business vintage, and a turnover above Rs. 25 lakhs. But, loan disbursal usually takes around 3 – 7 days.

However, MSME loan interest rate Jaipur levied by these institutions is substantially high, ranging up to 21%, depending on the enterprise’s eligibility and lender.

In such a scenario, individuals can consider taking a gold loan. This secured financing option for MSMEs in Jaipur let entrepreneurs avoid the hassles of both government schemes MSME loan/SME loan offered by banks and NBFCs.

Why Is Gold Loan Better Than MSME Loans?

Following are some of the factors that make a gold loan better borrowing option than an MSME loan in Jaipur.

  • High-Value Security

Typically gold is seen as “safe haven” as it is comparatively less volatile than other investments such as stocks. Moreover, almost every Indian household possess some amount of gold that generally sit idle. Hence, it provides an excellent opportunity for individuals to make most of this gold equity and raise funds for their businesses.

  • Minimal Documentation

Since a gold loan is a secured credit, the eligibility and documentation are minimal as compared to an MSME loan Jaipur. Resultantly, this credit product cuts short the lengthy process of loan approval and reduces the processing time significantly.

  • No Credit Score Checks

Lenders do not check the applicant’s credit score as it is a secured loan. The enterprise’s annual turnover, as well as its business vintage, is irrelevant to its eligibility for a gold-backed MSME loan.

Several lenders offer a gold loan in Jaipur, Rajasthan and these benefits are provided by nearly all these institutions. However, to guarantee better advantages and supreme convenience, entrepreneurs can turn to Rupeek.

What Makes Rupeek Gold Loan The Best?

Rupeek brings several industry-first features like doorstep service, top-notch security protocols to MSMEs in Jaipur, Rajasthan. Some of the key characteristics of a Rupeek gold loan that makes us stand out are –

  1. Substantial LTV

We offer one of the highest per gram value of gold as we maintain an LTV of up to 80%. People can avail an MSME loan/SME loan against gold as high as Rs.1.5 crores for their organisations. We do not impose any end-use restriction, so you can use the loan to deal with any obligation adequately.

  1. Balance Transfer Facility

Existing gold loan borrowers can transfer the outstanding amount from their current lender to Rupeek. Our gold loan interest rate starts at 0.79% per month. Thus, individuals can save upto Rs.12,377/lakh on interest payment by opting for a loan transfer.

  1. Infallible Gold Security

We follow best-in-class security measures to ensure the safety of pledged gold items. We store the ornaments in a military-grade bank vault within a radial distance of 5 kms. It’s carried there in a GPS-traceable bag so that borrowers can track their gold is reaching the right destination. We also offer complimentary gold insurance cover for the entire tenure to minimise losses.

  1. Gold Overdraft Facility

We offer a gold overdraft facility to existing Rupeek customers. This facility is also known as Rupeek Quick. The borrower can avail funds on top of their existing Rupeek gold loan by repledging additional gold. The credit line we extend can be accessed anytime by the borrower as per his/her convenience. Moreover, they only need to pay the interest on the amount withdrawn.

  1. Doorstep Services

Unlike an MSME loan in Jaipur, borrowers can get an online gold loan at their doorstep from Rupeek. Our loan manager reaches to his/her place within 30 minutes from the application after receiving the loan application. The entire loan processing takes approximately 1 hour after MSME loan apply online.

The primary reason we can offer a doorstep MSME loan in 30 minutes is our extensive presence across all the significant locations in Jaipur. If you have landed on this page while searching for “MSME loan providers near me” check out the list of places where we operate.

Avail Rupeek’s MSME Loan/SME Loan In Jaipur – Locality List

  • Mansarovar
  • Talvandi
  • Ashok Nagar
  • Shobha Nagar
  • Amer
  • Vaishali Nagar
  • Jagatpura
  • Jhotwara
  • Vidhyadhar Nagar
  • Shastri Nagar
  • Gandhi Nagar
  • Durgapura
  • Malviya Nagar
  • Bhankrota
  • Bani Park

Any new or existing enterprise that falls under the category of MSME/SME can avail a Rupeek gold loan to replenish their working capital or mitigate any financial requirement. We offer several MSME loan schemes, and borrowers can choose an option that suits their monetary convenience the best.

Request for a Rupeek gold loan today and get the required funds for your small business at favourable terms!

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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 ()
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  • <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 repay Rupeek gold-backed MSME loan?

You can choose EMIs or pay the entire amount at one go via a single bullet payment. There’s complete flexibility in this regard. You can also pay via instalments per your convenience any time within the repayment term.

  1. What are the Rupeek gold-backed MSME loan eligibility criteria?

Prospective borrowers need to possess gold ornaments of a minimum of 18 carats. Additionally, they also need to submit KYC documents along with rental agreement or recent utility bills.

  1. How does rebate for gold-backed MSME loan work?

We at Rupeek offer a rebate to gold loan borrowers on regular repayment of the loan. You can get a higher rebate with more frequent repayments.

  1. Can I repay my gold loan amount partially?

Yes, you can repay the gold loan amount partially. However, the amount should be more than the monthly instalment but below the sum required for foreclosure.

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