MSME loan in Madurai

An SME loan is tailored to meet the unique monetary requirements of micro, small, and medium enterprises, the primary contributors to this nation’s economy.

Here are a few features of this financial product –

1. Multi-Purpose: MSME business loans are equipped to meet an array of business requirements. For instance, companies can opt for the CLSS for Technology Upgradation scheme to upgrade or buy equipment. Companies can also choose end-use restriction-free bank loans for businesses as well.
2. Online Availability – Most of the MSME loans these days are available online. Companies can search for ‘MSME loan providers near me’ to view these options and apply one as per their needs.
3. Collateral – Certain government-backed loans need borrowers to pledge a business-related asset like equipment. Bank loans, on the other hand, do not require any collateral.
4. Extended Loan Tenure: The tenure for new loan scheme for MSME can go up to 7 years, which further help with the repayment.

Enterprises need to meet the following criteria to qualify for an MSME/SME loan in Madurai.

Based on the fulfilment of these MSME loan eligibility criteria, lenders decide whether to accept or reject a particular application. However, meeting such stringent norms can be a challenge for some. In such instances, enterprises can bypass it by opting for a gold loan.

Gold loans, being secured in nature, offer less stringent eligibility norms and include more favourable loan terms. Furthermore, with lenders like Rupeek, you can enjoy a smooth gold-backed MSME loan procedure at your doorstep.

Here are the notable features of Rupeek that make us stand out from the competition –

1. Robust Security Protocols

At Rupeek, we follow robust security measures to store and transport your gold articles. Our loan executives carry the pledged gold items in GPS-enabled bags to high-security vaults. Moreover, your ornaments receive door-to-door insurance coverage during the tenure.

2. Convenient Balance Transfer Facility

With Rupeek, you can now enjoy an easy loan transfer facility. Once you share the existing pledge card with our representative, they will guide you through the process. Save up to Rs.12,377 per lakh on loan repayments by transferring your loan with us.

3. Multiple Repayment Plans

To make borrowing more accessible for you, we have introduced various repayment options. Our MSME loan process for repayment include standard EMIs, paying the interest in advance, or one-time bullet payment, where you can repay the whole amount in a single instalment at the end of the loan tenure. You can also pay instalments any time during the tenure based on the enterprise’s cash flow.

4. Low-Cost Loan

The rate of interest we charge starts from as low as 0.79% per month, making interest payments more affordable. Get gold-backed MSME loan/SME loan up to Rs. 1.5 crores against minimal cost and reach your financial objectives affordably.

5. Overdraft Facility

We also offer an extended credit line to our existing customers, known as Rupeek Quick. Access funds from the sanctioned limit and resolve cash flow issues easily. Furthermore, with Rupeek Quick, you need to pay interest only on the amount you use and not the entire credit line.

6. Doorstep Services

Once you initiate a loan request via our website, our representatives will contact you for further processing. Following that, our loan manager will visit your address in just 30 minutes to evaluate the jewellery and verify the KYC documents.

Our presence in prominent localities around Madurai allows us to offer such prompt services.

Enjoy our instant doorstep MSME loan/SME loan against gold in and around the following localities –

• Alanganallur
• Anna Nagar
• Sholavandan
• Tirumangalam
• Kamarajar Salai
• Vadipatti
• Vilakkuthoon
• Madurai Main
• Othakadai
• Tirunagar
• Thiruparankundram
• Palanganatham

Avail an instant gold loan for MSME in Madurai to address all cash flow woes. Enjoy doorstep service, lowest interest rates, substantial loan, and top-notch safety of gold. Our gold-backed MSME loan/SME loan is just a click away!