North 24 Parganas, a highly populated district of West Bengal shares its borders with Nadia in the north and Bangladesh in the east. The district is further sub-divided into five central regions, namely Barasat, Bashirhat, Bidhannagar, Barrackpore and Bongaon.
It is renowned for several places of tourist attraction such as Adyapith temple, Chandraketugarh, Dakshineshwar, Eco Park, and Annapurna Mandir. Apart from that, this district is also home to one of the major IT hubs of West Bengal, located in Salt Lake Sector 5.
The IT hub, while contributing to the economic growth of the district, has also encouraged several small, medium and micro enterprises to set up shop in the area. These enterprises can opt for financing options such as an MSME loan/SME loan to meet their day to day expenses as well as expand their operations.
Micro, small, and medium enterprises form the backbone of our country’s economy. As such several financial institutions, as well as the government, extend financing to businesses in this sector to aid them in their growth.
Enterprises can apply for an MSME loan to fund a host of business-related expenses such as –
However, a business must meet some requirements before opting for an SME loan in Barasat. These are as follows –
Apart from that, MSMEs also need to submit an array of documents during the SME loan online application process. These are listed below –
However, most small businesses are unable to meet the extensive documentation procedure for MSME loans. In that case, they can consider opting for other types of business loans. For instance, entrepreneurs and business owners can apply for a gold loan to meet their business needs.
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Gold is a highly liquid asset lying idle in most Indian households. Borrowers can tap into its equity by pledging it as collateral to acquire the necessary funding for their business. Since the amount is secured against gold, prospective applicants do not have to go through stringent eligibility parameters or extensive documentation to qualify for this type of loan, which results in quicker processing.
Furthermore, lending institutions also offer affordable interest rates on gold loans since the credit risk is low. As a result, a significant number of borrowers can apply for a gold loan to finance their business requirements.
You can also consider opting for a Rupeek Gold Loan to avail a host of other industry-first features and benefits.
Here are some of the reasons why you should consider availing an MSME loan/SME loan by mortgaging your gold with us –
Rupeek offers loan amount of up to 80% of the value of the gold. Thus, borrowers can avail substantial funding against their gold assets, which will enable them to finance their business requirements adequately. One can also use Rupeek calculator to check the loan amount they can qualify for.
We extend industry-best security features so that you can stay wholly reassured regarding the safety of your gold loan. The features include –
Rupeek offers several repayment schemes, which enable borrowers to pay off the MSME loan/SME loan amount with ease. For instance, borrowers with regular income can opt to pay it off monthly. On the other hand, businesses with irregular income can choose to pay off the whole amount at the end of the tenure or via instalments per their convenience.
Our Gold loan services can be availed in the following areas -
Existing, as well as new MSME North 24 Parganas, looking for quick financing, can, thus, opt for a gold-backed MSME loan/SME loan from Rupeek to meet their business goals.
Get in touch with us today and get funding within 60 minutes!
During MSME loan Barasat apply online, borrowers only need to submit their KYC documents, which include ID and address proof.
The minimum repayment period for a gold loan is 12 months. However, a borrower can choose to extend their current loan by re-pledging the gold ornaments.
Yes, Rupeek offers overdraft facilities on gold loan known as Rupeek Quick. With this facility, borrowers can withdraw any amount from the credit line and pay interest only on that amount. Thus, it’s of immense help to enterprises looking to smooth out long cash cycles.
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