This southernmost district of Tamil Nadu, Kanyakumari is a prominent tourist destination with sites such as confluence of the Bay of Bengal, the Arabian Sea, and the Indian Ocean, Vivekananda Rock Statue, 133 ft. tall Thiruvallur statue, Bhagavathy Amman Temple etc. As such, tourism is the most important industry of this place.
Small and micro units engaged in tourism industry can consider opting for a MUDRA loan in Kanyakumari for further expansion.
Prime Minister Mudra Yojana is a Government of India initiative introduced to offer formal credit known as MUDRA loans in Kanyakumari to micro and small units engaged in non-farming and non-corporate sectors. Some of the main features of MUDRA loan scheme Kanyakumari are as follows –
Candidates eligible to apply for a MUDRA loan in Kanyakumari include individuals, partnerships, private companies, and public ltd. etc. However, they need to meet the required eligibility conditions which includes the following –
Applicants can avail a MUDRA loan in Kanyakumari to meet the following business needs –
Additionally, applicants also need to submit the following list of documents while applying for a PM MUDRA loan –
However, many small and micro units may be unable to provide such an extensive list of documents. Furthermore, getting approved for a MUDRA loan in Kanyakumari is also a time consuming process. In such a situation, individuals can go for instant financing options like gold loan. Moreover, they can also apply with leading Fintech companies like Rupeek to avail more perks and benefits.
Borrowers can avail the following perks on gold-backed advances by Rupeek –
Applicants can avail affordable interest rates on gold loan which starts as low as 0.69%. It will enable them to meet one’s business needs without straining their budget. One can also use online tools like Rupeek gold loan calculator to check how much loan amount they can opt for based on their gold ornaments.
Apart from that, one can also check how much gold one should provide to avail the requisite loan amount using this calculator.
According to their convenience, borrowers can opt for several repayment schemes when they apply for a Rupeek gold loan. For instance, individuals who own a business with irregular income can opt for the ‘no tension’ scheme. Under this scheme, they can pay off the loan amount as per their convenience.
Borrowers looking to save on gold loan interest can consider a loan transfer to Rupeek. Ensure savings up to Rs. 12,377 per lakh on loan repayment. They can also avail other perks and better service terms on transferring their gold loan to Rupeek.
Individuals can also avail the benefits of Rupeek’s overdraft facilities called Rupeek Quick. With this facility, one can withdraw amount whenever required by pledging gold only once. Moreover, they only have to pay interest on the withdrawn amount.
One can opt for a Rupeek Gold loan at following locations in Kanyakumari –
MUDRA loan in Kanyakumari is a convenient financing option for entrepreneurs to meet an array of business expenses. Nevertheless, its stringent loan terms often makes it challenging for individuals to avail such benefits. In this regard, gold loans offer a suitable alternative. Moreover, with Rupeek, borrowers can avail instant funds to meet all their business-related financing requirements.
So, instead of searching for ‘MUDRA loan lender near me’, apply with Rupeek to get instant online gold loan at their doorstep!
Ans. Applicants only need to submit KYC documents such as passport, PAN, Voter ID card, Aadhar card etc. to apply for a gold loan.
Ans. Rupeek offers several security features such as insurance cover for the duration of tenure, doorstep collection of loan in GPS enabled container and storage of gold ornaments in a military-grade vault.
Ans. One can avail up to Rs. 50,000 under Shishu, up to Rs. 5 lakhs under Kishore and up to Rs. 10 lakhs under Tarun.
MUDRA Yojana for women is specially curated to encourage women entrepreneurship in this country. Under this plan, borrowers can avail advances with discounted interest rate, and favourable loan terms.
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