Faridabad is one of India's fastest developing cities, contributing significantly to the country's economy. The industrial sector of Faridabad includes large-scale organisations like JCB, Yamaha Motors, Whirlpool, L&T, etc. Also, this city is the largest exporter of henna, and other agricultural activities are a part of this city's economy.
Faridabad's proximity to the national capital has also amplified its economic growth. In recent years, the number of start-ups has increased significantly, and the introduction of MUDRA loan in Faridabad has also played a pivotal role here.
In 2015, the Indian Government introduced MUDRA loan to extend monetary help towards SMEs and MSMEs operating in this city and throughout India.
MUDRA loan features, which are borrower-friendly, has played a pivotal role in increasing its popularity. Here are the features to look out for –
A point to note about MUDRA loan in Faridabad is that it is available in three categories. They are based on the stage a business is in. Here are the details –
Even though it is aconvenient financing option, MUDRA loan eligibility criteria and its delayed loan approval process often become a hurdle for borrowers. Moreover, if anyone needs more than Rs. 10 lakhs, then it is not an ideal option for them.
In that case, one can opt for a gold loan as an alternative. It offers similar benefits, but against more favourable eligibility norms and a quick approval process. Nevertheless, selecting a reliable lender is imperative to have a favourable borrowing experience. In this regard, Rupeek is a name to consider. The class-leading features like doorstep services and easy loan transfer further help borrowers to have a pleasant experience.
Rupeek is a leading fintech company in India that offers a host of benefits to better borrower experience. Here are the details –
Known as Rupeek Quick, this facility allows our existing customers to pledge additional gold articles to take out a credit line. Moreover, they can now withdraw funds as per their will and only repay interest on the amount they use.
It is particularly useful for business owners as they can now avail funds whenever they require and save substantially on repayments.
The flexibility in repayment is another reason to opt for Rupeek as the preferred gold loan provider. Here borrowers have the option to pay via a regular EMI schedule, or they can opt to pay as it suits them any time within the tenure. The latter option eliminates the burden of regular repayment.
The interest charged by Rupeek on gold loans starts from 0.49%, which is one of the lowest in this segment. Hence, loan repayment is now easier than ever.
The high per-gram rate helps individuals a loan up to Rs. 1.5 crores. They can use the gold loan calculator available on our website to calculate the loan amount and get more information.
At Rupeek, we take strong security measures to ensure the safety of the pledged gold articles. It includes –
Furthermore, our doorstep services help individuals to receive instant online gold loans at their doorstep. Because of our strong presence in various localities of Faridabad, we can offer doorstep services in just 30 minutes.
MUDRA loan in Faridabad is a convenient option for business owners to acquire necessary funds for their working capital needs, marketing purposes, etc. However, the terms and associated criteria become a hurdle for businesspersons. Alternatively, one can get a gold loan from Rupeek at more favourable terms, and receive an emergency instant business loan at their doorstep.
So, stop your search for ‘MUDRA loan lenders near me’, and select a gold loan from Rupeek.
The MUDRA loan age limit is 18-65 years.
No, there is no registered office for MUDRA loan in Faridabad. This financing scheme is available via various financial institutions operating in this city. You can contact the MUDRA loan helpline number, i.e. 1800-11-0001m or 1800-180-1111 for more details.
You need to be above 18 years and possess gold ornaments to be eligible for a gold loan. Also, you must have KYC documents to complete the application process.
You can get a refund on interest if you repay regularly. The rebate amount is directly proportional to how frequently you repay.
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