Service Update- (Covid-19)
In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here covid19 FAQ page
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.
Businesspersons have to fulfil the following eligibility criteria to avail a PM MUDRA Yojana Loan:
The documentation is also makes an integral part of eligibility that individuals need to fulfil.
Individuals opting for PMMY Noida are required to furnish the following documents:
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.
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.
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:
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.
If you’re a resident of the areas mentioned below, you can avail our doorstep loan service:
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!
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.
A MUDRA loan in Noida is categorised into 3 types- Shishu, Kishore and Tarun.
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.
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.
Your request has been received, our customer relationship manager has been notified and will call you shortly