Mudra Loan in Gurgaon

Mudra Loan in Gurgaon

Situated near the Delhi-Haryana border, Gurgaon or officially known as Gurugram is a city in Haryana. It is one of the major satellite cities of Delhi and forms a part of the National Capital Region of India. Places like Kingdom of Dreams, Damdama Lake, Manesar, Sohna, and Sultanpur Bird Sanctuary are among the favourite tourist attractions of Gurgaon.

Gurgaon serves as one of the most significant financial and technological hubs of India. The city is home to various large-scale industries, including automobile production, business process outsourcing, IT sectors and numerous multinational and domestic companies.

The proximity to Delhi has largely influenced the commercial activities of Gurgaon and helped to establish many businesses and start-ups. However, to accelerate the growth of various small and micro-units, people here often rely on financial products like MUDRA loan in Gurgaon under PMMY scheme.

About PMMY Gurgaon

Small and micro-enterprises can get a loan up to Rs. 10 lakhs under the PMMY scheme. Individuals/SMEs/MSMEs, business or enterprises engaged in manufacturing, trading and service sectors can avail PM MUDRA Yojana loans from various financial institutions. These include commercial banks, small finance banks, NBFCs, RRBs, and MFIs.

Three products are offered under Micro Units Development and Refinance Agency (MUDRA) loans schemes. These are,

  • Shishu Loan: Up to Rs. 50000
  • Kishor Loan: Between Rs. 50000 and Rs. 5 lakhs
  • Tarun Loan: In the range of Rs. 5 lakhs and 10 lakhs

MUDRA Loan in Gurgaon: Eligibility And Documentation

All non-corporate, non-farm income-generating small/micro-enterprises with up to 10 lakhs loan requirement are eligible to apply for MUDRA Yojana Gurgaon loans. Small and micro-units having an MSME status can also apply for loans under PMMY.

Individuals/entrepreneurs/ businesspersons must provide a list of documents when applying for a MUDRA loan. Although the documents required for the MUDRA loan government scheme varies across lending institutions, the basic papers include:

  • Self-written business plans
  • Filled application form with regard to a specific category – Shishu Loan, Kishor loan or Tarun loan.
  • KYC documents of the applicant or co-applicant
  • Income proof, including financial documents such as ITR, Sales Tax return, license, Registration (if any)
  • Caste proof (if applicable)
  • Business address and tenure (if applicable)
  • Registrations, license or certificates (if any)

The government-backed MUDRA loan schemes aim to ‘fund the unfunded’ business segment and promote entrepreneurs across the country. However, these loans have certain shortcomings, which make a MUDRA loan for machinery less accessible.

Because of an extensive documentation process, approval and disbursal are delayed. Therefore, business persons cannot get access to the loan amount during an urgent cash requirement. 

Moreover, it may not be wise for small businesspersons or entrepreneurs to search for ‘MUDRA loan providers near me’ if they do not maintain these many documents. Applying without any of these documents might lead to the rejection of their application.

In such cases, individuals can consider gold loans as a substitute due to their several beneficial features.

Advantages Of Gold Loans Over A MUDRA Loan In Gurgaon

As an idle and highly liquid asset, gold can offer numerous benefits during a financial crunch. Thus, a gold loan application process involves minimal paperwork. A gold loan can get approved in just a few hours. However, MUDRA loans take 7 – 10 working days. Resultantly businesspersons can get access to the loan amount quickly and meet their business obligations. 

The eligibility criteria for gold loans are also less rigid than that of MUDRA loans, which make these financing options more accessible during urgency. Individuals who have made up their mind to avail gold loans instead of a MUDRA loan in Gurgaon can easily turn to our financial services at Rupeek without any second thought.

Merits Of Rupeek

Prospective borrowers of Rupeek can rely on us as we provide 100% transparent gold loan process and consumer-friendly repayment schemes.

  • Faster Processing Time

Opposed to Tarun MUDRA Loan Gurgaon and other two categories, Rupeek ensures faster processing. From loan application to document verification to loan disbursal, Rupeek offers funds within just 45 – 60 minutes.

  • Doorstep Services In 30 Minutes

Like any other entity, micro-units need constant cash to maintain their operations as well as flourish. That is why we offer instant doorstep gold loan services in Gurgaon.

Once a borrower applies for a gold loan with Rupeek, the loan executive reaches the client’s preferred location within 30 minutes. Moreover, the loan executive leaves once the loan amount is transferred to the client’s account.

  • Affordable Repayment

Avail loans up to Rs. 1.5 crores and make the most of your gold ornaments. One can also enjoy gold loan interest rates as low as 0.49% p.m. with Rupeek. To make the gold loan process easier and more convenient, Rupeek offers flexible repayment options. Borrowers can repay either on a monthly basis or any time within the tenure.

Rupeek’s gold loan services do not conclude here. Our existing customers are also privy to a gold overdraft facility for all their instant funding needs.

Brief Overview On Gold Overdraft Facility

Also known as ‘Rupeek Quick’, the gold overdraft facility enables borrowers to secure a credit line. Moreover, borrowers can save a substantial amount as they need to pay interest only on the expended and amount not the entire credit limit.

Businesspersons who are willing to avail all the advantages mentioned above can find us in all the major locations in Gurgaon.

Rupeek’s Presence In Gurgaon

To enjoy doorstep loan up to Rs. 1.5 crores, contact us in the following areas in Gurugram:

  • Badshahpur
  • Pataudi
  • Gurgaon Sector 17
  • Gurgaon Sector 33
  • Gurgaon Sector 56
  • Gurgaon Sector 45
  • Sohna
  • Manesar
  • Garhi Harsaru
  • Palam Vihar
  • Sultanpur
  • Wazirabad

Your search for a MUDRA loan in Gurgaon ends with us. Get a gold loan from Rupeek to use your idle asset optimally and meet all funding requirements in a jiffy.

Click apply now!

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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% 0.49%
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 basic pointers one should consider while applying for gold loan?

While applying for gold loan, one should consider basic pointers including Loan to Value ratio, additional fees and charges, interest rates, gold security and repayment schemes.

  1. Which bank is ideal for MUDRA loan in Gurgaon?

Several financial institutions offer a MUDRA loan. You can consider factors like processing period, repayment tenure, processing fees, and interest rates before deciding the lender.

  1. Can I partially repay my gold loan?

Yes, you can partially repay the gold loan amount. The payable amount must range between the monthly interest and any amount less than the full-closure amount.

  1. Can I get a MUDRA loan in 60 minutes?

Unfortunately, you cannot avail a MUDRA loan in Gurgaon in 60 minutes. It takes at least 4 working days to get a loan sanctioned because of the time-consuming document verification process.

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