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Mudra Loan in Noida
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Mudra loans in Noida

Referred to as the satellite city of Delhi, Noida is a planned city located in the state of Uttar Pradesh. This city came into existence in 1976 and was created as per the provisions of the UP Industrial Area Development Act, 1976. Noida is located approximately 25 kilometres away from the south-eastern part of New Delhi and is famous for temples like Shree Jagannath and ISKON.

Noida is also renowned for being a technology hub for some of the most reputed companies like Microsoft and HCL. Moreover, it serves as headquarter to one of the most prominent start-ups in India- Paytm. If you’re a business owner with a desire to grow your business, there’s ample scope in this city to flourish.

However, raising funds to facilitate the process can be a challenge. If you’re struggling to arrange for the additional capital, opting for a MUDRA loan in Noida can be an effective solution. 

To leverage the benefits of this credit, first you need to know the eligibility.

Eligibility Criteria For MUDRA Loan

Businesspersons have to fulfil the following eligibility criteria to avail a PM MUDRA Yojana Loan:

  • The age of an applicant must be between 18 and 65 years.
  • The credit requirement must be below than Rs. 10 lakhs.
  • The applicant must own anon-farming, non-corporate, income-generating enterprise engaged in manufacturing or trading services.
  • An applicant must be a citizen of India having no criminal records and loan default records.

The documentation is also makes an integral part of eligibility that individuals need to fulfil.

Documents Required For MUDRA Loan In Noida

Individuals opting for PMMY Noida are required to furnish the following documents:

  • 2 passport size photographs
  • Proof of Identity such as PAN Card and Aadhaar Card
  • Proof of Address like a Voter ID card or Utility Bills
  • Duly signed MUDRA application form.
  • Income proof documents which include ITRs, Sales tax returns and more.
  • Proof of belonging to SC/ST or OBC category (if applicable)
  • Proof of business ownership such as trade license.

As one can infer, the documentation process of a MUDRA loan can be quite tedious. Moreover, it can be a challenge for small business owners and budding entrepreneurs to fulfil the strict eligibility criteria. If you’re struggling to raise funds to expand the operations of your business, opting for a gold loan instead of a MUDRA loan in Noida can be an ideal solution. A comparative study of both these credit options will help individuals to make an informed decision.

Comparing Gold Loan And MUDRA Loan In Noida

Here is a tabular representation pinpointing the differences between a gold loan and E MUDRA loan:

Point of Difference

Gold Loan

MUDRA Loan

Documentation process

Gold loans involve a Hassle-free documentation process. Applicants are not required to submit income documents.

This form of credit involves a rigorous documentation process. Applicants are required to furnish income documents.

End-use limitations

There are no end-use limitations. You’re free to utilise the funds to fulfil various requirements.

MUDRA loans have end-use restrictions.

Requirement of business plan

You are not required to submit a business plan to avail a gold loan.

Applicants have to submit a business plan to get loan approval.

Type of Loan

Gold loan is a secured credit; it is sanctioned against collateral.

This is an unsecured form of loan.

Disbursal time

Our gold loans are disbursed immediately after the formalities are completed.

MUDRA loan processing and disbursal time usually take a lot of time. It may even take up to 10 days.

Moreover, with Rupeek, you can now avail a gold loan of up to Rs.1.5 crores by paying minimum interest.

Choose Rupeek Gold Loan

Our efficient gold loan solutions have made us one of the most preferred gold loan providers among micro and small business owners in India. We provide financial assistance at the competitive interest rates to cater to your financial requirements. Here are some of the features of Rupeek’s gold loan:

  • Hassle-free Documentation: Unlike the MUDRA loan government scheme, we have a hassle-free documentation process. Individuals availing a gold loan from us only have to submit their KYC documents along with a utility bill or lease agreement.
  • No End-use Limitations: There is no end-use limitations on the loan amount availed from us. You are free to utilise the funds to finance various expenses such as child’s education, weddings, medical emergencies and more besides business.
  • Flexible Repayments: With our gold loan, you have flexible repayment options. You can choose to repay the entire amount at the end of the tenure or pay via monthly instalments.
  • Competitive Interest Rates: We offer the most cost-effective gold loan solutions. Our interest rates start at 0.79% p.m. Nevertheless, the interest is subject to change based upon your choice of gold loan scheme and location.
  • Doorstep Service: We offer doorstep service, which enables you to raise funds from the comfort of your home whenever it’s convenient. Place a request with Rupeek and our authorised loan manager will be there at your location at a pre-set time to complete all the formalities
  • Gold Loan Overdraft Facility: Businesspersons can address their cash flow issues without breaking a sweat by opting for our gold overdraft facility, Rupeek Quick. Pay interest only on the used amount and get access to funds 24x7.

Thus you can avail an instant online gold loan at your doorstep with Rupeek. Moreover, you can refer to the following list to contact us in Noida.

Rupeek’s Availability In Noida

If you’re a resident of the areas mentioned below, you can avail our doorstep loan service:

  • Sector 125
  • Dadri
  • Greater Noida
  • Sec 16
  • Sec 122
  • Sec 12
  • Sec 128
  • Sector 30
  • Sec 27
  • Gurjinder
  • Rabupura
  • Maharshi Nagar
  • Sec34
  • Phase-II

Your quest for the best ‘MUDRA loan provider near me’ has now concluded. Avail our gold loan instead of a MUDRA loan in Noida and be a beneficiary of the wide range of features mentioned above. Place a request via our app and our executive will reach your destination as per the scheduled time to complete the formalities.

Once the KYC and gold valuation process is complete, the loan amount will be disbursed instantly into your bank account.

Raising funds to expand the operations of your enterprise has never been more convenient with Rupeek. Apply now!

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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% 0.79%
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. Will my gold be safe with Rupeek?

We have taken extra measures to make sure that your gold is safe at all times.  Brinks, our security partner, transports the gold in a sealed bag equipped with a GPS tracker to the partner bank branch. Once it reaches there, the gold is stored in a secure locker under military-grade security. Also, we provide 100% door to door insurance. So be assured that your gold will be safe with us.

  1. What are the different types of MUDRA loans?

A MUDRA loan in Noida is categorised into 3 types- Shishu, Kishore and Tarun.

  1. Can I pledge all types of gold items?

No, we only accept gold ornaments with a purity level between 18 to 24 karats. Moreover, gold items, such as coins and bars, are not accepted.

  1. How do I repay a gold loan availed from Rupeek?

The repayment process is made simple via the gold loan payment portal. Sign in to your profile by generating an OTP and complete your repayments. Navigate to ‘repay your loan’ and choose a payment option to complete the transaction.

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