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:
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.
Type |
Loan Amount |
Shishu |
Up to Rs. 50,000 |
Kishore |
Rs. 50,000 to Rs. 5 lakhs |
Tarun |
Rs. 5 lakhs to Rs. 10 lakhs |
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.
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.
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 Plus, they have to incur interest charges only on the withdrawn amount.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.
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!
The requirements for documentation might vary from lender to lender. The standard requirements remain a copy of the business plan, qualification proof, KYC, address proof, business continuation proof, address proof, bank account details, ITR documents, and duly filled-in form for the specific purpose of the fund being requested.
Yes, you can use a Rupeek gold loan to finance all sorts of requirements, including enrolling for skill development curricula, since there are no specific end-use restrictions.
The interest rates for a PM Mudra Yojana Loan can range from 8% to 12% per annum depending on the lending institution.
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