The Temple City of Tamil Nadu, Kanchipuram is a prominent site for art and history. Every year thousands of pilgrims come to this city to pay a visit to Kanchikamakshi temple, Kailasanathar Temple, Varadharaja Perumal temple and other holy places.
Apart from being a religious centre, Kanchipuram is also developing rapidly when it comes to the economy. Agriculture and silk weaving are the major industries that contribute generously to the economic growth of the state. Based on these industries, several start-ups have also flourished in and around the city, and they often require additional funds to continue their business.
In this situation, MUDRA loan in Kanchipuram can be an excellent credit option that business owners can rely on. Before opting for this credit option, you should have knowledge about this loan in details.
PMMY Kanchipuram is a Government scheme that extends financial help to non-farm, non-corporate MSMEs through commercial banks and regional RRBs. You can apply for a MUDRA loan for restaurant, tailoring shop and other businesses as well. All you have to do is search for ‘MUDRA loan consultants in Kanchipuram near me’ to connect with the nearest one.
This scheme is divided into three segments.
However, to avail the funds from Pradhan Mantri small business loan, you have to furnish a self-curated business plan, estimate returns, and other documents. Moreover, loan processing takes almost 4 to 5 working days after applying.
Hence, if you need more than Rs. 10 lakhs fund immediately, you can opt for other borrowing options, like a gold loan. It offers a range of benefits that can easily surpass MUDRA loan in Kanchipuram on different grounds.
Being a secured credit, a gold loan accompanies several benefits. It comes with –
These are some of the standard perks of availing a gold loan. If you want to leverage additional gold loan benefits, you can opt for Rupeek gold loan that offers exclusive benefits to its borrowers.
You can consider the following features of Rupeek gold loan.
You can get 80% of the current valuation of pledged gold, which can be as much as Rs. 1.5 crores. All you have to do is pledge the necessary gold articles to avail the funds immediately. You can also use an online gold loan calculator and determine the amount of loan you are eligible for against the gold you possess. You can use this tool by following these steps.
You can choose from our customised gold loan schemes. You can pay EMI regularly just like other loans, or you can repay as per your convenience within the tenure.
The interest rate of Rupeek gold loan starts from 0.79% per month. Due to the low interest rate, the EMI payables also reduce drastically. It thus facilitates easy repayment of this gold loan.
Unlike a MUDRA loan in Kanchipuram, you can request for our doorstep services. On receiving the loan request, our loan manager will reach your home within 30 minutes. It takes roughly 45 to 60 minutes to complete the loan processing.
Existing Rupeek gold loan borrowers can also avail additional funds along with their primary loan. All they have to do is pledge afresh to get the required funds. It can decrease the interest payment burden as the interest is levied on the funds withdrawn.
You can also establish a line of credit by pledging gold as well. This feature is known as Rupeek Quick; with this feature, you can pledge gold worth Rs. 10 lakhs and withdraw only Rs. 1 lakhs from the approved amount; you will have to service interest only on the utilised sum and not the entire credit. This can prove to be an excellent financial product in mitigating emergency credit demand.
The below-mentioned list contains the areas in Kanchipuram where we offer our doorstep services.
Therefore, those who cannot fulfil the eligibility of a MUDRA loan in Kanchipuram and need more than Rs. 10 lakhs can opt for a Rupeek gold loan. It also allows them to utilise the equity of the gold they possess.
First arrange the KYC documents like identity proof, address proof, proof of business, etc. Then, approach your preferred lender and fill up the MUDRA loan application form. Submit the filled-up form along with the documents.
No, you do not have to furnish your business registration certificate to get a Rupeek gold loan.
Visit the official website of Rupeek and navigate to the ‘repay your loan’ tab. Next, choose the repayment option and complete the transaction.
Once the payment is made, you will get details of the outstanding loan amount as well.
You can avail a minimum of Rs. 15,000 as a Rupeek gold loan.
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