Mudra Loan in Kolkata

Mudra Loan in Kolkata

Since the 19th century Bengal Renaissance, Kolkata has been the intellectual capital of India. Very few cities have the overwhelming presence of artists, musicians, academics, economists and, of course, Nobel laureates as in Kolkata. The City of Joy, Kolkata also has a rich cultural history, and they are all-pervasive in several structures like Victoria Memorial, Howrah Bridge, Indian Museum and many more. 

Moreover, being a magnet city for eight North-eastern cities of India, it gained its nickname of ‘The Gateway of Asia’. Due to this advantageous eco-geographic position, Kolkata also is a promising destination for leading businesses and IT centre for eastern India. Besides food processing, jute, service sectors, electronic and textile industries, the scope for small-scale business is also towering in this city. 

Budding entrepreneurs can opt for a MUDRA loan in Kolkata to finance their daily or occasional business expenses. But, they also need to get an overall idea about this credit product in details before that. 

An Overview Of MUDRA Loan

PM MUDRA Yojana loan is a Government initiative that aims at boosting the MSMEs and SMEs of the country. Small business owners can avail MUDRA loan for restaurant, purchasing machinery and several other business expenses. They only have to voice search for ‘MUDRA loan providers near me’ to get the nearest lender's contact details that offers loan under this scheme. 

MUDRA finance Kolkata is divided into three segments that include –

  • Shishu

Under Shishu MUDRA loan Kolkata, beneficiaries are eligible to apply for funds up to Rs. 50000.

  • Kishore 

Small business owners can opt for up to Rs. 5 lakhs by availing Kishore MUDRA loan Kolkata. 

  • Tarun 

Established entities can avail a fund up to Rs. 10 lakhs under Tarun MUDRA loan Kolkata

However, for each of this segment, individuals need to fulfil specific eligibility criteria.

Who Are Eligible For A MUDRA Loan in Calcutta?

Following are the units that are eligible to apply for Pradhan Mantri small business loan

  • Individuals 
  • Proprietorship business 
  • Partnership firms
  • Private Limited Companies 
  • Any non-farm, non-corporate entities engaged in income generation
  • Entities with loan requirement less than Rs. 10 lakhs 
  • The applicants must not have any default history 
  • Duly filled MUDRA application form

Based on these parameters and the applicant’s credit profile, the MUDRA loan interest rate in Kolkata is determined. On top of that, they also need to furnish some documents as well to complete their eligibility. 

Document Checklist For MUDRA Loan

Since MUDRA loan in Kolkata can only be used for business purposes, the business owners need to furnish the following documents. 

  • Identity proof
  • Address proof
  • Business ownership proof 
  • Documents containing a business plan
  • Proposed investment documents

After submitting the documents, lenders take almost 7 – 10 working days to process the loan and disburse it. 

However, individuals can bypass these lengthy documentation and eligibility checking by opting for a gold loan. 

Gold Loan: A Better Alternative

Besides quick processing, a gold loan also offers a gamut of benefits that individuals can consider before opting for a MUDRA loan in Kolkata

  • The documentation is simple
  • No need for credit score
  • Low interest rate
  • Reduced cost of borrowing
  • No restriction on end-use 
  • Doorstep facilities
  • Correct use of gold equity

Individuals can enjoy all these perks along with some additional benefits by choosing a Rupeek gold loan. We have curated our gold loan terms of service that ensures a pleasant borrowing experience. 

Features And Benefits Of Rupeek’s Gold Loan

Individuals can consider the below-mentioned features and facilities of Rupeek gold loan to make an informed decision. 

  1. Improved Gold Security 

We take the security aspect of the gold with the utmost importance. We follow the below-mentioned measures to ensure optimum safety of the gold. 

  • Our loan manager collects the gold from the borrower’s residence and carries it in a GPS-enabled container. It allows borrowers to check the movement of the gold. 
  • After the gold is deposited to the nearest bank’s vault, the borrower gets a notification about the same. 
  • The gold is kept in a military-grade secure vault with one of our lending partner’s nearest branch. 
  • The pledged gold enjoys complimentary insurance for the entire tenure. 
  1. Doorstep Services 

To full-proof the security aspect, as well as to ensure borrower’s convenience, we also extend doorstep services. Therefore, with Rupeek, individuals can enjoy an instant online gold loan at their doorstep. After the request for a gold loan is placed, the loan manager reaches the borrower’s house or office within 30 minutes. The KYC documentation and gold appraisal take a few more minutes. Within one hour, the total loan processing gets over. 

  1. Sizeable Amount 

The LTV of Rupeek gold loan is up to 80%, allowing borrowers to access Rs. 1.5 crores with sufficient gold. They can also use the gold calculator that estimates the gold amount that they have to pledge to get their desired loan amount. 

  1. Overdraft Facility 

Individuals can further maximise the benefits of a Rupeek gold loan with our loan overdraft facility. Known as Rupeek Quick, this provision lets existing Rupeek customers avail funds on top of their primary loan. 

It is also instrumental in reducing interest payment burden as we levy interest only on the funds utilised. 

  1. Easy Repayment Options 

Rupeek borrowers are given a choice to select from our repayment schemes that seem feasible to them. They can either choose to pay regular monthly instalments or pay off the entire amount through a single bullet payment or pay when it suits them within the tenure. 

Borrowers can avail all these benefits irrespective of their place of residence. We are present in nearly 500 locations across the country. However, if you are residing in Kolkata, you can refer to the following list for exact locations. 

Rupeek Gold Loan In Kolkata

If you are currently based in any of the following places of Kolkata, you can request for Rupeek doorstep gold loan services. We are just a call away! 

  • Ganesh Chandra Avenue
  • Dum Dum
  • Baranagar
  • Jadavpur
  • Kalighat
  • Park Street
  • Baghajatin
  • Ballygunge
  • Esplanade
  • Taltala
  • Tollygunge
  • Dharmatala
  • Park Circus
  • Behala
  • College Square
  • Hastings

Thus, individuals who have enough gold in their possession can bypass the hassles of availing MUDRA Mitra in Kolkata and settle for a Rupeek gold loan instead. It will not only help with their business funds but also other personal requisites as well. 

Apply for a gold loan with Rupeek and kick start your business venture today!

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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. How to do MUDRA loan registration Kolkata?

The beneficiary and vendor alike have to register themselves by entering their name, email address, PAN number, mobile number, and some more relevant information to complete the registration. They need to pay the fee via UPI.

  1. Do I need a PAN card to apply for MUDRA loan?

You do not need to have a PAN card to apply for a MUDRA loan in Calcutta. 

  1. What are things that I should consider before opting for a gold loan?

Before opting for a MUDRA loan, you have to check the interest rate, LTV, tenure, security measures and additional charges. Moreover, you also need to compare different lenders to choose the best one. 

  1. How to repay Rupeek gold loan?

You have to visit the Rupeek website and open ‘Repay Your Loan’ tab. Choose the loan you want to repay and select the repayment option like EMI/part/full payment. Select the payment mode and complete the transaction by following the instructions. 

  1. What are the documents required for a Rupeek gold loan?

In order to get a Rupeek gold loan, individuals have to submit KYC documents and recent utility bills and/or rent agreement.

  1. How can I get a rebate from Rupeek?

You have to increase the repayment frequency to get a higher refund. Moreover, when you refer Rupeek gold loan to others, you also get a referral discount on repayment up to Rs. 2000.

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