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MSME loan in Trivandrum

Trivandrum, also known as Thiruvananthapuram, is the capital of ‘God’s Own Country’, Kerala. The Kovalam beach, along with three other crescent beaches, is the primary tourist attractions of this city. Furthermore, Napier Museum, Sri Chitra Art Gallery, and Padmanabhaswamy Temple are some of the places in Trivandrum that deserve special mention.

Aerospace, Information Technology, and plantation industries contribute significantly to Trivandrum’s economy besides tourism. Over the years, several MSMEs have mushroomed in the city, leading to galloping economic growth. However, it also presents stiff competition to both existing enterprises and new businesses trying to make it big in Thiruvananthapuram. Hence, the need for the right MSME loan/SME loan is pronounced here. 

It’s not only about securing a loan, however. Entrepreneurs must also be smart about their choice when approaching any financier or opting for any government-backed scheme.

Types Of MSME Loans

The Central Government has taken multiple initiatives to boost the MSME sector of India as it contributes substantially to the country’s GDP along with generating employment. Along with that, The Kerala Government also introduced some schemes to help the registered MSME/SME units financially. For instance, one can now visit the official website of Kerala and initiate MSME online registration Kerala for free. 

Even so, qualifying for these MSME loans entails lengthy paperwork. For instance, businesspersons must have small scale industries license in Kerala to be eligible for specific state government-backed schemes. The prolonged processing period, which can extend above 8 days, adds to the shortcomings of government-backed MSME loans.

Alternatively, entrepreneurs in Trivandrum can approach banks or NBFCs. The paperwork is less extensive, and the processing period is shorter. But, note that, these financial institutions charge a higher interest rate because there’s no collateral involved. Plus, the amount offered is less substantial.

All these MSME loan/SME loan issues can be eased out if they look for a simpler alternative like a Rupeek gold loan. It not only brings the best of the aforementioned MSME loan options but also feels lighter on the pocket.

Benefits Of A Rupeek Gold Loan

While conventional SME loan comes with several limitations, business owners can consider taking Rupeek gold loan that serves the same purpose with added features. 

Here are some of our top features: 

  • Sizeable Loan Amount

Individuals in Trivandrum can get a loan up to Rs.1.5 crore with our highest per gram rate against gold. Meet an array of expenses in your enterprise sans hassle. We ensure a 100% transparent process with our online loan calculator. Check the amount of gold you need to pledge for a specific sum or see the amount you’re eligible for against your valuables easily.

  • Minimal Repayment Burden

The interest rate of Rupeek gold loan starts at 0.79% per month, making it an affordable borrowing solution. People who already have a gold loan with another lender can opt for loan transfer and to service the rest of the outstanding balance at this rate. In this way, they can save up to Rs.12,377/lakh on interest and also enjoy better terms of service. 

  • Flexibility In Repayment 

We have curated our loan repayment schemes in a way so that enterprises of any scale can repay the loan conveniently. They have the option to make the repayment whenever they want during their tenure or through EMIs. Alternatively, they also can repay the full amount via a bullet payment scheme. 

  • Credit Line Facility 

Getting funds during financial shortfalls has become more comfortable with our gold overdraft facility, Rupeek Quick. Existing Rupeek customers can get credit on top of their current gold loan via this scheme. Entrepreneurs can avail funds 24x7 from the sanctioned limit and save on interest considerably as well.

  • Loan At Your Doorstep

Get an MSME loan against gold at your doorstep with us. Starting from gold valuation and document verification to entire loan processing take place at the comfort of the borrower’s house and gets completed within 60 minutes. It, thus, proves to be a winner when compared to the complicated MSME loan process. You can voice search for ‘Rupeek gold-backed MSME loan near me to connect with us instantly. 

What’s the secret behind our prompt service? Our loan executives are present in all corners of the city, ensuring they can reach your office or residence within just 30 minutes.

Rupeek’s Areas Of Operation In Trivandrum

Individuals residing in any of the following areas in Trivandrum can apply for Rupeek’s gold-backed MSME loan/SME loan. We are just a click away!

  1. Janardhanapuram
  2. Poojapura
  3. Kazhakkoottam
  4. Kallambalam
  5. Vattiyoorkavu
  6. Pachalloor
  7. M G Road 
  8. Peyad
  9. Karaivattom
  10. Peroorkada

Therefore, while getting credit for small business requires MSME registration Kerala certificate, we do not ask for any such documents. You only need to present KYC documents, and the loan amount will be credited as soon as the loan processing is completed. 

Apply now for a gold loan from Rupeek and take your business to a new height!

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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 aspects I should consider before applying for MSME loan?

Before applying for an MSME loan/SME loan, you need to check the lender specific eligibility criteria, necessary documents, interest rates, loan amount offered, credit score required, and repayment options. 

  1. Can a family member complete gold-backed MSME loan processing formalities on my behalf?

No, you have to be present physically while the loan processing will take place and if the loan is applied against your name. 

  1. Can I get an additional sum for my MSME soon after getting the loan?

Yes, you can avail additional funds soon after getting a new MSME loan/SME loan against gold. You have to pledge additional gold.

  1. What are the government schemes for MSMEs?

Pradhan Mantri Employment Generation Programme (PMEGP), CLSS for Technology Upgradation, CGTMSE, MUDRA, Emergency Credit Line Guarantee Scheme, and Coir Vikas Yojana are a few government-backed MSME/SME schemes.

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