Located in the Majha region of Punjab, Amritsar is the second largest and the second-most populous city of the state. The city serves as a vital cultural, transportation and commercial centre of Punjab. Widely popular for the Golden Temple, Amritsar is considered as the holiest city in Sikhism. The city’s historical importance reflects in places like Partition Museum and Jallianwala Bagh.
In terms of economy, Amritsar exerts a strong presence in the textile industry. The city’s trademark Pashmina shawls, woollen clothes, and blankets have gained a considerable market across the country. People can consider availing a MUDRA loan in Amritsar to utilise these opportunities.
Individuals/SMEs/MSMEs, business or enterprises in the manufacturing, trading and service sectors can avail three products offered under the MUDRA Mitra scheme. These are:
Individuals/entrepreneurs/ business persons can avail PM MUDRA Yojana loan to carry out several income-generating activities such as:
Though the PMMY Amritsar was introduced to promote entrepreneurs and micro-units across the country, the extensive documentation involved in the process makes it cumbersome and time-consuming. Moreover, small business owners or entrepreneurs who lack MUDRA loan documents often fail to get loan approval under PMMY.
In this regard, individuals looking for Pradhan Mantri small business loan can opt for a gold loan as an alternative due to its several beneficial factors and faster processing time.
During urgent cash requirements, gold loans serve as the ultimate saviour. Here are a few reasons why a gold loan may be a better option than a MUDRA loan –
Besides these, businesspersons can enjoy benefits like an overdraft facility against gold and 30-minutes doorstep service with us at Rupeek.
Entrepreneurs can expect the following benefits and facilities from Rupeek:
Unlike a traditional MUDRA loan in Amritsar where individuals are required to visit banks to submit documents and keep track of the loan approval stages and processes, Rupeek offers doorstep instant gold loan services. Once a borrower applies for gold loans with us, our gold loan executives reach the client’s preferred location within 30 minutes and complete all the formalities there.
Rupeek’s gold loan service is the ultimate option for business persons looking for quick funding. From document verification (only KYC documents) to loan disbursal, the entire process only takes 30 minutes. Ergo, business owners can meet any urgent business obligation with our gold loan.
Rupeek’s financial services are devised not only to provide quick funding but also to ensure individuals can efficiently manage the loan process. Resultantly, we offer flexible repayment options through which borrowers can choose to pay on a monthly basis or any time as per their convenience within the tenure.
LTV is a percentage of the underlying asset’s value that a person can take out as a loan. We, at Rupeek, offer LTV up to 80%. Opposed to a MUDRA loan in Amritsar, which only offers credit up to Rs. 10 lakhs, clients of Rupeek can avail loan up to Rs. 1.5 crores. Moreover, borrowers can evaluate the loan amount in advance and draw their business priorities accordingly with our advanced gold loan calculator.
One of the primary advantages of availing a gold loan from Rupeek includes the gold overdraft facility. Also known as ‘Rupeek Quick’, this facility enables borrowers to get a credit line. Borrowers can transfer cash to their account any time as per their requirement. They can also save a considerable amount, as they need to pay interest only on the money they have spent from the sanctioned credit limit.
Those who are willing to avail the above-mentioned facilities can connect with us from all the major locations in Amritsar.
To enjoy doorstep gold loan up to Rs. 1.5 crores in Amritsar, find us in the following locations:
Put an end to your search for ‘MUDRA loan provider near me’ and get the best funding in Amritsar from Rupeek. Click apply now!
Before availing a gold loan in Amritsar, one should consider factors like loan-to-value ratio, security measures for pledged gold, interest rate, additional fees, and repayment schemes.
You can use a MUDRA loan in Amritsar to meet working capital requirements, buy new assets or upgrade existing equipment, or marketing purposes. It cannot be used for personal consumption.
Yes, you can acquire a gold loan even when you are already repaying a MUDRA loan.
You can opt for part release during the gold repayment process. However, borrowers must remember that the individual jewels that are partly released must weigh approximately 10 grams or more.
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