Delhi
Mudra Loan in Delhi
mudra-loan-in-Delhi

Mudra Loan in Delhi

The City of Rallies, Delhi is one of the major political and economic centres of India. This capital city witnessed several historical and cultural upheavals over centuries, and its prominent architectures reflect the same. Places like India Gate, Qutub Minar, Humayun’s Tomb, Jama Masjid and several such places of Delhi attract tourist from all over the world.

This prominent Indian Union Territory also shares borders with Uttar Pradesh and Haryana. Resultantly, the Delhi NCR stimulates financial and economic activities at a considerable scale and also invites foreign investments. Due to its strategic position and easy connectivity to different parts of India, Delhi makes a nest for several small businesses.

Nevertheless, to accelerate these business activities, people from Delhi can opt for a MUDRA loan and finance their immediate business requirements. However, before applying, it is necessary to get an insight into this MUDRA scheme in detail to leverage optimum benefits.

What Is MUDRA Scheme?

Micro Units Development and Refinancing Agency Ltd. or (MUDRA) is a Government initiative launched in 2015, 8th April by the Indian government. Pradhan Mantri MUDRA Yojana primarily aims at extending financial aids to non-farm/non-corporate SMEs. However, this MUDRA loan distribution is done through commercial banks, NBFCs, RRBs and other financial institutions. Individuals can check out these financial institutions by entering, ‘MUDRA loan office in Delhi near me’.

PMMY MUDRA scheme comes with three different products, namely, Shishu, Kishore and Tarun, that denotes an enterprise’s stage of development and their funding needs accordingly.

People looking for MUDRA loan in Delhi can refer to the following table that provides a glimpse of the amount they will be eligible for under this scheme.

Product Name

Loan Amount

Shishu

Maximum Rs.50,000

Kishore

Rs. 50,000 – Rs. 5 lakhs

Tarun

Rs.5 lakhs - Rs.10 lakhs

While MUDRA loans help immensely in generating employment and overall growth of the MSME sector, it’s preceded by strict eligibility criteria. People need to fulfil all MUDRA loan eligibility parameters to get the funds.

Who Is Eligible For PM MUDRA Loan?

Only enterprises in Delhi meeting the following criteria can avail a MUDRA loan.

  • All micro, small non-corporate and non-farming enterprises.
  • Engaged primarily in service, trading and manufacturing sectors.
  • The credit requirements maximum of Rs.10 lakh or less.
  • Any small entities engaged in income generation activities.

Additionally, prospective borrowers also need to submit detailed financial documents as well as a copy of a business plan and estimation of investment. Based on these factors, the project cost will be decided.

People who require funds more than Rs.10 lakh and also want to avoid these Mudra loan hassles can alternatively opt for a gold loan. However, before diving in, individuals also need to assess the utility of this credit in details.

Why Gold Loan Is A Better Alternative To MUDRA Loan?

Gold, being an idle asset with immense equity, can be leveraged to avail sizeable funds. Moreover, a gold loan provides individuals with the opportunity to utilise the value of their gold possessions without transferring their ownership.

Following are some of the other advantages of a gold loan.

  • No Limitation On End-use Restriction

Unlike a MUDRA loan Delhi Karol Bagh, one can use the funds from a gold loan to mitigate any financial requirement. Starting from supplementing working capital to funding a trip abroad, one can use the loan for any short-term planned or unplanned expenses.

  • Lenient Eligibility Criteria

Since gold loans are secured credit option, the risk factor is lower than that of unsecured variants. Resultantly, the criteria to apply are simpler than Mudra loan apply online.

  • Less Documentation

MUDRA loan registration requires a long list of documents that one needs to submit to be eligible. On the other hand, one only has to present some basic KYC and other relevant documents to avail a gold loan, and the application and disbursal of loan take place almost instantly.

Nevertheless, people should contact their preferred lender and learn about the specific documents required for gold loans beforehand.

However, to keep up with and even edge out the cutthroat competition in Delhi, enterprises must ensure they can reap additional benefits like instant disbursal and affordable interest rates.

Why Should You Choose Rupeek Gold Loan?

Following are some of the perks of availing Rupeek gold loan that make this loan an excellent substitute to MUDRA Mitra.

  • Substantial Loan Value

We at Rupeek offer the highest per-gram rate that allows borrowers to get the most of their gold’s equity. Avail a loan amount of up to Rs.1.5 crore against your gold articles. You can also use an online gold loan calculator to know about the quantum you can take out.

  • Competitive Interest Rate

Another aspect that keeps Rupeek ahead of a MUDRA loan in Delhi is its lowest interest rate. The interest rate of Rupeek gold loan begins from 0.69% per month. It enables entrepreneurs to avail high-value funding affordably.

  • Simple Repayment Terms

Rupeek comes primarily with two repayment schemes that borrowers can choose from. Either they can repay the outstanding dues whenever they can within the tenure or pay the entire amount at once via a capsule payment option. Borrowers can also pay only interest during the repayment period and make good the principal payment at the end.

  • Doorstep Services

By availing a gold loan from Rupeek, individuals can enjoy doorstep services. After getting a Rupeek gold loan request, our loan manager will visit the residence of the applicants within 30 mins and initiate the loan approval procedure. The documentation and loan disbursal take roughly 45 to 60 minutes.

  • Assured Gold Safety

While it comes to the security aspect of the pledged gold of the borrowers, we observe the strictest protocols. Pledged gold items are generally carried in a GPS-traceable bag and returned the same way post repayment. Moreover, the gold is deposited at the nearest bank’s vault. On top of that, we also extend complimentary insurance of the pledged gold.

  • Gold Credit Line

One of the USPs of Rupeek is that we offer gold overdraft facility to our existing customers. Known as Rupeek Quick, this facility allows borrowers to avail funds on top of their active loan against additional gold. Entrepreneurs can use the funds whenever and however they want. What’s more, there’s no need for one to pay interest on the extended amount they haven’t used.

We are currently operating in more than 500 locations across the country and boast of a strong presence in Delhi, making us a much accessible option for a gold loan.

Rupeek’s Doorstep Gold Loan In Delhi

We are available in the following places in Delhi from where you can avail our services –

  1. Chandni Chowk
  2. Maidan Garhi
  3. Moti Bagh
  4. Justice SB Marg
  5. Tilak Marg
  6. JNU Ring Road
  7. Karol Bagh
  8. Connaught Place
  9. Sansad Marg
  10. Anand Vihar
  11. Hauz Khas
  12. Najafgarh
  13. Pragati Maidan
  14. Pusa
  15. Nehru Place

While getting a MUDRA loan in Delhi is challenging considering the terms and conditions it accompanies, availing a Rupeek gold loan, one can access funds for their business anytime from anywhere. Additionally, individuals who already are servicing a gold loan can also consider for a loan transfer and save up to Rs.12,377/lakh on interest payment with us.

Make a request for Rupeek gold loan today and get substantial funds for your small business within an hour!

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Benefits of Gold Loan over Mudra Loan.
  • <1 lakh
  • 2 lakh
  • 3 lakh
  • 5 lakh
  • 10 lakh
  • 20 lakh
Comparision Parameters Mudra Loan Gold Loan
Interest Rate 2.39% 0.69%
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 is MUDRA loan apply online procedure?

First, you need to contact your preferred lender. Then fill-up the form of a MUDRA loan. Enter necessary details and upload the relevant documents. The lender will revert to you soon.

  1. Who can apply for MUDRA loan?

Any small entities that are not related to farm or corporate can apply for MUDRA loan. For instance, small manufacturing business owners, shopkeepers, artisans, and like ones can apply for MUDRA loan.

  1. What are the documents required to avail MUDRA loan?

The documents required to avail MUDRA loan are ID proof, Address proof, business ownership proof, financial documents, proof of categories like SC, ST, OBC documents and other lender-specific documents. Borrowers also need to present a business plan.

  1. How Rupeek gold loan rebate works?

Rupeek offers a rebate on regular repayment of loan dues; higher the frequency of repayment, more the rebate.

  1. Can I get Rupeek gold loan by pledging my gold necklace?

Yes, you can get Rupeek gold loan pledging your gold necklace. However, the gold needs to be at least of 18 Karats.

  1. Can I get both MUDRA loan and Rupeek gold loan at a time?

Yes, you can get both MUDRA loan and Rupeek gold loan at a time. However, you have to qualify individually for each credit option.

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