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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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.

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 0.49%, 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.

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.