The coastal city of Tamil Nadu, Tirunelveli is gifted with natural abundance. Some serene sites of this district like Vallanadu Black Buck Sanctuary and several temples like Arulmigu Nellaiappar Temple and others make Tirunelveli a paradise for tourists.
This agricultural district contributes majorly to the state’s growth by producing bananas, rice, coconuts and other forestry products on a large scale. Over the years, multiple small businesses have also emerged in this district as well, creating a bustling economy parallel to agriculture. These enterprises can apply for an MSME loan/SME loan to further their financial objectives.
Over the years, Tamil Nadu Industrial Investment Corporation has taken multiple initiatives to boost the small and middle-scale businesses. However, in order to qualify for the same, you need to meet specific criteria and present proper documents to authenticate the details provided by you.
It also holds for NEEDS scheme that provides principal and interest subsidy to budding entrepreneurs. Moreover, you need to wait for days to get funds through government schemes. Thus, if you are in urgent need of liquidity for your business, these financing options might prove ineffectual.
Nevertheless, several commercial banks, NBFCs as well, extend financial assistance to eligible enterprises. The loan amount one can avail, and the interest rate on it depends on how well an applicant meets the MSME loan eligibility parameters. You can search for ‘MSME finance providers near me’ to view lender-specific eligibility criteria.
A few common yardsticks include –
Businesses with insufficient credibility and turnover may struggle with getting an MSME loan/SME loan. These enterprises can consider a gold loan in Tirunelveli to meet cash shortfalls.
The following are a few standard benefits of a gold loan –
In order to get these features and more in a single financial product, you can opt for Rupeek’s gold loan for MSMEs/SMEs. By opting for Rupeek’s gold loan, you can infuse required liquidity in your business without any hassle.
We at Rupeek curated this gold loan keeping in mind the comfort and convenience of the borrowers.
Here are a few characteristics of our gold loan.
Moreover, Rupeek also offers a solution for emergency financial requirement through a loan overdraft facility.
You can further amplify the benefits of Rupeek gold loan by availing loan overdraft facility, also known as Rupeek Quick. This facility enables existing borrowers to avail a credit line by repledging some gold.
You do not have to present any document to take advantage of this facility. Moreover, once the gold appraisal is done, the amount will be credited to your mobile wallet. You either can start using the funds directly from there or transfer it to your bank account. Another perk of this facility is that you only need to pay interest on the amount spent from the total limit.
Hence, you can not only draw funds round the clock but also lower your interest payment to a great extent with Rupeek Quick.
Availing an MSME loan/SME loan against gold has become simpler than ever. Our loan executives are dotted all across Tirunelveli to ensure timely response to your application every time.
We offer our loan services in and around the following localities in Tirunelveli –
When the hard-to-meet MSME loan eligibility criteria and tedious paperwork block your borrowing means, Rupeek’s gold loan comes to rescue.
Apply for a gold loan with Rupeek and see your business grow!
No, Rupeek does not ask for MSME certificate before approving a loan for small business.
The loan manager will reach the borrower’s home within 30 mins. The entire loan process takes another 30 minutes to complete.
Our loan manager will enter the weight of each of your gold article on his/her system. The quality of the gold is also evaluated using an ISI-certified gold appraisal kit. This information will be passed to our loan processing team for approval. The process will be completed within minutes.
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