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MSME loan in Pune

Pune, the 2nd largest city of Maharashtra, is the home to some of the foremost domestic and global companies. Education, IT, and automobile are three major sectors contributing to this city’s economy. It is home to top educational institutes like Savitribai Phule Pune University, Film and Television Institute of India, and Fergusson College and nearly 225 German companies, as per a report by Business Standard.

The growth of these sectors has made the per-capita income of this city 6th among the other metropolitans of India. There were nearly 148,098 employment opportunities created by small, medium and micro industries in Pune. This influx creates a significant market for budding and already-established enterprises.

Nonetheless, the smooth running of an organisation depends on several factors, and one of them is access to sufficient funds. MSME loan/SME loan in Pune available at attractive terms can support companies in this regard.

Nevertheless, before applying for this financing option, borrowers need to learn about the essential details of this loan type to make a sound financial decision.

What To Expect From MSME Loan In Pune?

SME loans support micro, small, and medium-scale firms. These companies require funds to deal with day-to-day needs, ramp up production, undertake expansion, and invest in equipment. That’s why many NBFC’s, as well as the government, extend financial assistance to Pune’s entrepreneurs. They also arrange an MSME loan mela at Pune to encourage young entrepreneurs from rural and urban areas to become self-sufficient.

However, a business owner needs to fulfil specific criteria to avail an MSME loan. Some of them are mentioned below–

  • Investment of Rs.50 crores and a turnover of Rs.250 crores to qualify as medium enterprise
  • Investments of Rs.10 crores and an annual turnover of Rs.50 crores to be eligible as a small enterprise.
  • In contrast, micro-enterprises are the ones with a turnover of Rs.5 crores and an investment of Rs.1 crore.
  • The entrepreneur has to show a bona fide business vintage. It must be in operation from 6 months to 1 year.
  • The applicant must have a high credit score, ideally above 750, and remarkable credit history.

Apart from that, applicants need to submit an array of documents during the MSME loan apply online Pune process. The records required are listed below-

  • Company’s latest bank statements and last year or two’s ITR
  • Audited financial records
  • Registration of the corporation, MOA and AOA, partnership deed if it’s partnership firm), applicant’s Aadhaar card, PAN card, and other KYC documents.

MSME loan/SME loan eligibility for banks and NBFCs also follow along the same lines but are more stringent. Moreover, the interest rates levied by private financiers can be notably high, depending on the borrower’s creditworthiness. 

In such cases, a gold loan can be an excellent alternative to an MSME loan/SME loan in Pune. Prospective borrowers only need to submit their gold assets and get the desired funds instantly. 

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Why Is Gold Loan A Better Option For MSME/SME’s?

The outstanding gold loan amount in the organised sector might hit the Rs.4 lakh crore mark in FY21, growing by Rs.0.6 lakh crore, said a report.

One of the primary reasons for this growth is the lucrative benefits a gold-backed MSME loan new business offers. Here are some reasons to check gold loan today.

  1. Borrowers can tap into their gold ornaments’ equity with this financing option. It allows entrepreneurs to avail substantial funds against gold without losing their ownership.
  2. A gold-backed loan can work as an emergency fund for MSMEs owing to faster disbursal. Since it’s a secured loan, one only needs to submit a handful of documents, unlike an MSME loan/SME loan in Pune.
  3. This credit type allows a flexible repayment schedule and a low-interest rate. This makes MSME loan for machinery affordable and borrower-friendly.

Apart from these features, a potential borrower can maximise benefits by opting for a Rupeek gold loan. Moreover, individuals can also use Rupeek gold loan calculator to get an estimation of how much gold they need to pledge against the loan amount.

Why Rupeek Is The Best Gold Loan Lender In Pune?

Following are some of the features of Rupeek gold loan that makes it worthy of investing in a business.

  • Doorstep Service

Rupeek removes the hassle of waiting in line with the doorstep service. After an application, our loan manager pays a visit to your address on the scheduled date for a gold valuation and KYC assessment. After completion of these formalities, the loan is sanctioned to your account within just a few minutes.

  • Affordable Rates of Interest

Customers can enjoy interest rates lower compared to the other NBFC’s in the market. Our interest rate begins at 0.79%, which makes the EMIs affordable.

  • Suitable LTV Ratio

The loan-to-value ratio offered by us is one of the highest among competitors. It can reach up to 80%, based on the purity of the gold, allowing borrowers to avail an MSME loan/SME loan as high as Rs.1.5 crores.

  • Easy Gold Loan Overdraft

We also offer a line of credit option against gold. Borrowers can access funds from that credit line anytime according to their convenience. Details related to this feature can be checked under Rupeek Quick section.

If you are still searching for the ‘best MSME loan provider near me’, then your search ends with Rupeek. Our sprawling presence in and across Pune lets borrowers avail funds instantly from us.

Where To Avail Rupeek’s Services In Pune?

Check these localities to avail a gold-backed MSME loan/ SME loan in Pune today.

  • Lohegaon
  • Sadashiv Peth
  • Hadapsar
  • Swargate
  • Viman Nagar
  • Kothrud
  • Katraj
  • Nanded
  • Vadgaon Sheri
  • Vishrantwadi
  • Pashan
  • Parvati Hill
  • Aundh
  • Pimpri-Chinchwad
  • Lohogaon

New and old entrepreneur looking for a chance to expand their business can confidently avail an MSME loan /SME loan from Rupeek. We offer potential borrowers with easy repayment methods and doorstep services.

So, why stop your business growth due to fund issues? Download Rupeek’s official app or click on the website to avail instant funds.

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Benefits of Gold Loan over MSME/SME loan.
  • <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. What are the items needed for a gold loan from Rupeek?

Applicants can submit almost all types of gold jewellery to avail a gold loan from Rupeek. But, make sure it’s purity level is 18 karats or above.

  1. Can I increase the repayment period for a gold loan?

Yes, you can extend the current loan tenure by re-pledging additional gold ornaments. Ideally, the minimum repayment period for a gold loan is 12 months.

  1. Does Rupeek offer loan transfer facilities on gold loan?

Yes, Rupeek offers a loan transfer facility. Provide your pledge card and KYC documents to initiate the process. Clear the outstanding interest due to the existing lender, and transfer your existing gold loan to us and save up to Rs.12377/lakh.

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