Mudra Loan in Chandigarh

The Prime Minister of India introduced the Micro Units Development and Refinance Agency (MUDRA) loan scheme with the aim to make funds easily available to micro, small, and medium businesses for a variety of purposes such as:

• Business loan for enterprises in the service sector, such as MUDRA loan for restaurant.
• Purchasing commercial transport vehicles like taxis, auto-rickshaws, e-rickshaws, tillers, tractors, etc.
• Equipment financing for micro-units.
• Working capital loan for non-farm business activities.
• MUDRA loan for textile and agricultural activities.

Refer to the given table to determine the category of loan amount your business is eligible for under PMMY Chandigarh, depending on its state of progress.

What might be a hurdle is stringent eligibility that can prevent budding entrepreneurs from qualifying for a Shishu MUDRA loan Chandigarh.

Here are the eligibility criteria that applicants need to satisfy to avail an NBFC MUDRA loan.

• Age: Above 18 years.
• Business Type: Any starting-out or developing non-farming or non-corporate enterprise.
• Credit History: Must be clean with no record of payment defaults.
• Qualification: Required knowledge and expertise to execute the proposed business plan.

Besides, applicants also need to submit a long list of documents as specified by the lending institution, which can be disadvantageous for business-owners failing to maintain all documents properly. Also, even a Tarun MUDRA Loan Chandigarh might fail to suffice for an individual with credit requirements beyond Rs. 10 lakhs.

An alternate borrowing option in such circumstances can be a gold loan. Besides offering a higher loan value, this financial product bypasses the disadvantages of a MUDRA loan in Chandigarh with a way relaxed documentation, and hence, faster disbursal.

Rupeek Fintech aims to offer such similar advantages of a gold loan with an extensive range of loan schemes to suit individuals with varying financial requirements. Read on to find more on what makes us stand out among a number of “MUDRA loan provider near me” searches.

Following are some of the striking benefits of availing a gold loan from Rupeek.

• Individuals can avail easy financial aid at a low borrowing cost with our lowest interest rates starting from 0.49% p.m.
• Loan disbursal is instant with our doorstep loan KYC verification and approval process is completed at your residence.
• Rupeek offers the highest loan amount up to Rs. 1.5 crores, in striking contrast to a maximum of Rs. 10 lakhs offered by MUDRA loan in Chandigarh. Check loan amount available against your gold using our loan calculator.
• With Rupeek’s flexible repayment options, borrowers can pay in conventional EMI structure, or they can make any payment any time within the tenure.

Additionally, Rupeek also reserves its most beneficial offer for existing borrowers in the form of a gold overdraft loan.

Rupeek offers an exclusive gold credit facility to its customers under Rupeek Quick. Using this facility, borrowers can avail easy emergency funds via their Rupeek wallet at their convenience by pledging some additional gold. Since this is a form of a top-up loan, individuals need not submit additional documents. Plus, they have to incur interest charges only on the withdrawn amount.

Become a part of our reputable customer base and benefit from excellent offers in nearly all the areas of Chandigarh.

Following is a list of the localities where you can avail Rupeek services in Chandigarh.

• Sector 9 Chandigarh
• Sector 40 Chandigarh
• Sector 1 Chandigarh
• Sector 22 Chandigarh
• Ram Darbar
• Sector 26 Chandigarh
• Sector 19 Chandigarh
• Sector 35 Chandigarh
• Sector 15 Chandigarh
• Sector 20 Chandigarh
• Manimajra
• Sector 21 Chandigarh

If you belong to the lot of individuals struggling to acquire a MUDRA loan in Chandigarh, opt for a gold loan with Rupeek to address all your financial requirements. Apply on our website today to benefit from striking offers today!