Mudra loans in Patiala

PM MUDRA loan is an initiative started by the Central government supporting new and old MSME and start-ups.

The sectors covered under MUDRA loan in Patiala are –

• Transport services like rickshaw, truck, three-wheelers, etc
• Agriculture and related services like beekeeping, poultry, pisciculture, etc
• Small businesses like papad and jam making, canteen services, etc
• Handloom, embroidery services and other textile related services

Apart from these sectors, NBFC MUDRA loan is designed to help individuals strengthen their business dreams. Some of its benefits are –

• Individuals can use the funds availed under MUDRA loan for restaurant to expand the trade and change the interiors.
• The MUDRA Yojana for women aids female businesspersons to further their entrepreneurial goals.
• Moreover, the minimal processing fees make a MUDRA loan for machinery hassle-free.

Individuals requiring funds up to Rs. 10 lakhs can easily address their financial requirements with a MUDRA loan in Patiala.

But, individuals might need to turn to alternative finance options for large-scale operations. Moreover, the stringent eligibility criteria and lengthy disbursal might not be conducive for urgent financial needs. In this situation, a gold loan may work.

The following table looks at the few distinctive points of these two loan types.

The table reflects gold loan as a convenient solution during business-related emergencies. Hence, you can conclude your search for a ‘MUDRA loan lenders near me’ and search for gold loan instead. To enjoy additional benefits, like gold overdraft facility and doorstep services, you can also consider Rupeek.

Besides offering a vast array of schemes and repayment flexibility, here are some of the features that have made us the number one gold loan lender in Patiala –

• Borrowers prefer Rupeek due to its transparency in operation. We evaluate your gold assets and disburse the loan amount exact to its value.
• You can also use the gold loan calculator on our website and determine the loan value against the gold per-gram rate. This again leaves no space for confusion and quickens the loan disbursal process.
• A gold loan applicant needs to submit only the KYC documents and address proof for documentation purposes.
• The interest rate levied on a gold loan is lowest, i.e. 0.79% per month.
• Individuals can enjoy loans up to Rs. 1.5 crores against their gold ornaments with Rupeek.
• At Rupeek, you can quickly transfer your outstanding balance by sharing your pledge card with the loan manager.

Apart from the mentioned features, we offer you certain high-end benefits like flexible repayment, doorstep service, and gold credit line.

1. Flexible Repayment Options

We have introduced two schemes for our borrower’s ease of repayment. The options are offered to make the interest repayment affordable.

Gold loan borrowers can choose to go with:

• A monthly repayment option, i.e., EMI
• Or choose to pay off the entire amount whenever they want within the tenure.

2. Gold Credit Line Facility

Rupeek offers overdraft feature to businesspersons to manage emergencies efficiently. Under Rupeek Quick section, an interested applicant can submit supplementary gold to avail the additional an overdraft facility. Furthermore, borrowers only need to pay interest on the amount withdrawn.

3. Doorstep Service

Rupeek has been a top choice for businesspersons owing to its exclusive doorstep loan service. Following the online application with Rupeek, our loan managers will contact you regarding KYC verification. After weighing of gold and document authentication, the loan amount is transferred into your account. All of these in 60 minutes!

Are you ready to make the most out of your gold possession? Then contact Rupeek immediately!

We are extending our services to every nook and corner of Patiala. Some of the localities where our services are active are –

• Rajpura
• Bhadson
• Bhadson Road
• Patran
• Ghagga
• Samana
• Nabha
• Ghanaur
• Amloh
• Devigarh
• Banur

A MUDRA loan in Patiala may seem convenient at certain times, but the lengthy documentation and creditworthiness issue can slow down funding. Thus, availing a quick and hassle-free financing facility like a gold loan may allow for smart financial management.

At Rupeek, affordable interest rate, substantial fund, the instant disbursal and multiple benefits make the perfect combo to add wings to your dream business.

So, stop visiting the MUDRA loan office in Patiala, and instead, apply for Rupeek’s gold loan from your premises.