Mudra Loan in Howrah

MUDRA, also known as the Micro Units Development and Refinance Agency, is a specialised scheme under the Pradhan Mantri Mudra Yojana (PMMY). Here are some features of the Pradhan Mantri small business loan –

1. Three distinct categories of loan, namely, Shishu, Kishore and Tarun
2. MUDRA loan in Howrah is a form of working capital credit.

• Repayment tenure for such loans ranges up to 7 years.

1. PMMY loans are available to non-farm and non-corporate manufacturing and service sector
2. Both new and old ventures are eligible to acquire these lines of credits.

Before one can avail PMMY Howrah, he/she should assess the different categories under this form of credit. Refer to the following table.

The beneficiaries of this loan product also have to submit a list of documents to complete their eligibility. 

To take advantage of the MUDRA loan government scheme, here are some of the necessary documents you should provide –

• Tenure proof and business address proof
• Passport-sized photographs
• Borrowers’ and co-borrowers’ KYC documents
• A business plan, created by the borrower
• MUDRA finance Howrah is available to applicants who can provide their detailed ITR, business license, certificates and registrations.
• Document proving that an applicant belongs to a minority class.

This extensive documentation process forms a significant part of the application process for MUDRA loan. An applicant should know about the other steps as well.

The eligibility criteria and documentation process is extensive and consumes a lot of time. Moreover, one of the biggest disadvantages of this MUDRA loan in Howrah is that the loan principal is limited to Rs. 10 lakhs only. Therefore, if your venture requires greater amounts of credit, you may need to consider an alternative.

A gold loan is perfect to fund such business needs. Financiers store the pledged gold jewellery during the repayment tenure, allowing borrowers to reclaim them once repayment is complete. Due to the underlying security, such advances generally sport relaxed eligibility and documentation as well.

Gold loans act as this alternative source of finance for businesses. Rupeek Fintech, for instance, enables companies to avail funds of up to Rs. 1.5 crores.

Rupeek is a leading name when it comes to gold loan providers in India. While a Tarun MUDRA loan Howrah forces you to fulfil several strict requirements, the same is not true for Rupeek’s offerings.

You can avail gold loans from the financier if you fulfil the following requirements –

• Age should be 18 years or more
• The collateralised gold item must be a piece of jewellery and not in the form of bars and/or coins.
• The pledged yellow metal must have a purity of at least 18 carats.

The documentation process is reasonably straightforward as well when compared to MUDRA loan in Howrah. This ensures that companies can acquire the necessary cash flow without any delays.

As a Rupeek customer, you can take advantage of the following features and benefits –

• Loans At Your Doorstep

Rupeek allows individuals to opt for financing from the comfort of their homes. A loan manager reaches the applicant’s home to complete the necessary formalities, collect the gold items and the documents. After the loan disbursal is complete, this manager leaves your house.

You can also take aid of our gold loan calculator to estimate the gold amount that you need to pay to get your desired funds.

• Simple Procedure

The loan application is straightforward; enabling borrowers to acquire the credit in just a few days after the application is complete. It allows you to opt for an instant online gold loan at your doorstep within 60 minutes.

• Attractive Interest Rates

Rupeek gold loans are extremely affordable, especially for start-ups and new enterprises. At a rate of just 0.49% per month, interest charges are nominal compared to other loans.

• Rupeek’s Unique Overdraft Facility

Rupeek Quick is one of the standout facilities of us. Using this, an existing Rupeek borrower can opt for a significant sum of amount on top of their principal loan.

For instance, your gold may give you access to a credit line worth Rs. 10 lakhs. However, you choose to avail only Rs. 2 lakhs from this pre-approved sum. With Rupeek Quick, you only have to bear interest charges on the amount you withdraw and not on the entire approved credit. This ensures greater freedom to borrow when the need arises.

• Interest Saving Opportunities on Loan Transfer

Individuals who choose to transfer a gold loan from a different lender to Rupeek can save on interest payment of up to Rs. 12,377 for every lakh in principal outstanding.

Individuals can seek Rupeek gold loans from the following locations –

• Karia
• Argari
• Alampur
• Bankra
• Kalara
• Bandel
• Tentulkuli
• Chakpara
• Eksara
• Mahiari

Acquire gold loans from Rupeek at attractive rates, and avoid the hassle of opting for an advance using the MUDRA scheme. Stop searching for ‘MUDRA loan providers near me’ and look for gold loans instead.

Request for a Rupeek gold loan today and avail doorstep services with easy terms.