One of the busiest cities in India, Mumbai is the financial and commercial capital of the country. This ‘city of dreams’ is also known for its cultural diversity, lip-smacking street food, monumental structures and intercity local trains and, of course, the Bollywood industry.
The most advanced business infrastructure and a massive consumer base make Mumbai one of the best places for start-ups. Thus, to seek financial assistance for business, budding entrepreneurs and existing business owners can make use of a MUDRA loan in Mumbai.
But, it may be wiser to delve into the nitty-gritty of this financial product before applying.
PM MUDRA Yojana loan is a government initiative to extend monetary assistance to micro and small businesses. These loans are disbursed through micro-financing institutions as well as RRBs, commercial banks, and NBFCs.
MUDRA finance Mumbai also promotes financial literacy among MSMEs and extends social support along with financial assistance.
PM MUDRA loan is divided into three categories based on the funds available.
The beneficiaries have to type ‘MUDRA loan office Mumbai near me’ to know in more detail about this financing facility. One must check aspects like eligibility criteria and documentation before applying.
To apply for Pradhan Mantri small business loan, applicants have to follow the below-mentioned steps.
However, people ought to note that loan approval takes a few working days. Hence, businesses that require instant funds may not find this credit option favourable.
Alternatively, they can opt for a gold loan that can be used for any business purpose without any restriction.
Following are some of the best features of a gold loan:
Following are some of the factors that make Rupeek one of the most sought-after gold loan providers in India.
Rupeek follows the most advanced gold security protocol to keep the pledged gold safe. The pledged gold is carried using a GPS-enabled carry bag to and from the borrower’s home and the bank’s vault. Moreover, the pledged gold enjoys complimentary insurance for the entire tenure.
Besides gold, we also use the latest encryption to protect borrowers’ information that they share with us.
One of the best facilities of Rupeek is the industry-first doorstep service. After making a request for Rupeek gold loan, our representative will contact you shortly. Starting from document verification to loan disbursal, everything takes place at the comfort of borrower’s home.
Therefore, with Rupeek, you can get an instant online gold loan at your doorstep.
Besides these above mentioned features, Rupeek also accompanies a gold loan overdraft facility. Popularly known as Rupeek Quick, this facility allows existing Rupeek borrowers to avail funds on top of their primary loan. All they have to do is pledge some additional gold afresh. Once the gold valuation is over, we will disburse the amount directly to the borrower’s wallet. Therefore, this fund can be a great solution for any financial emergency.
Individuals can also reduce the interest payment burden by opting for this facility as they only have to pay interest on the fund utilised.
These are some of the most crucial factors of Rupeek gold loan that make it a compelling replacement of MUDRA finance Mumbai.
For more convenience, people can refer to the following location list where Rupeek is functional in Mumbai.
Following are the places in Mumbai where Rupeek extends doorstep services. If you belong from any of these localities, contact Rupeek to avail a gold loan.
Hence, individuals can avoid the hassles of qualifying for a MUDRA loan in Mumbai by opting for a Rupeek gold loan. Besides business purposes, you can utilise the funds for other non-speculative purposes as well. Therefore, with a Rupeek gold loan at a place, you can start your dream business venture anywhere in Mumbai.
Apply for a Rupeek gold loan today and kick-start your entrepreneurship!
Almost all commercial banks, NBFCs, and several regional rural banks offer MUDRA loan to eligible borrowers. However, those who cannot fulfil the eligibility can opt for a gold loan from Rupeek and avail funds for their business.
First, individuals have to make a request for Rupeek gold loan. All you have to do is navigate to the Rupeek home page and enter your mobile number. Click on “apply now”. Within a few minutes, you will get a call back from us. After fixing an appointment with you, our loan manager will reach your place and initiate the loan process.
Individuals can avail a MUDRA loan in Mumbai for a repayment period as long as 7 years.
Rupeek extends rebates to borrowers on regular repayment. The amount of rebate depends on the repayment frequency; the higher the frequency, the higher is the refund you are eligible for.
You can get a minimum of Rs.15000 as a Rupeek gold loan.
To get a Rupeek gold loan, you need to be 18 years or above, have sufficient gold to pledge and present KYC documents along with that.
First, you have to sign up with your mobile number. Enter the OTP to authenticate yourself. Choose ‘Close Loan’ as a repayment option and complete the transaction. You will get the loan closure details like rebate amount, accrued interest, total payable amount and others.
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