Mudra Loan in Pune

Mudra Loan in Pune

The second-largest city of Maharashtra, Pune is a promising centre of commerce and education in India. It is thus rightly called the ‘Oxford of the East’. 

A few noteworthy tourist attractions of this city include Shaniwar Wada, Aga Khan Palace, Sinhagad Fort, and Halwai Ganapati Mandir. Besides, Pune is also a home for many automobile, manufacturing, information technology companies. Due to the conglomeration of all these factors, this city has become a premier recipient of Foreign Direct Investment alongside start-ups. 

While big companies have ready accessibility to funds from different sources, getting funds for small businesses often becomes challenging. In such a scenario, MUDRA loan comes to rescue. Since it aims at providing financial backing to MSMEs, entrepreneurs, as well as existing small business owners, one can quickly resort to this credit option during a shortage of business funds. 

However, before applying, they should take a look at the features that this loan accompanies. 

MUDRA Loan Features

Under MUDRA Yojana Pune, small, non-farm and non-corporate businesses can opt for financial assistance to set up or expand their enterprises. Following are some of the highlights of this government-backed scheme. 

  • One can use funds from MUDRA loan for machinery as well for replenishing working capital. 
  • PM MUDRA Yojana loan is available to beneficiaries through commercial banks, NBFCs, and regional RRBs. 
  • Divided into three categories named Shishu (loan up to Rs. 50000), Kishore (from Rs. 50000 to Rs. 5 lakhs) and Tarun (from Rs. 5 lakhs to Rs. 10 lakhs). Compositely they are also known as MUDRA Mitra
  • MUDRA loan government scheme also comes with an array of by-products like MUDRA Card, overdraft facility. 
  • The loan processing fee depends on the category chosen. For instance, few NBFCs waive off this fee for Shishu beneficiaries. 
  • The interest rate of NBFC MUDRA loan, however, depends primarily on the credit profile of the applicant and the base rate and margin determined by the lending institution. 

Individuals can know more about this credit product by entering ‘MUDRA loan office in Pune near me’. Along with that, borrowers also need to know about the eligibility before MUDRA loan apply online

MUDRA Loan Eligibility

In order to qualify for this loan, individuals first need to fulfil specific eligibility and then submit the MUDRA application form along with relevant documents. 

The prerequisites for MUDRA loan in Pune include: 

  • Any individuals/partnership/proprietorship/public/private Ltd company not attached to farming. 
  • The applicant must not have any record of loan default. 
  • The borrowers should have the necessary skills to pursue a proposed business plan. 
  • Any institution engaged in employment generation. 
  • The fund requirement does not exceed Rs.10 lakh. 

After checking the eligibility, the borrowers also have to submit a list of documents and the business plan, the estimated return on investment and like ones. Moreover, those who require funds more than Rs.10 lakh cannot apply for this loan. 

In this regard, they can opt for a gold loan as a suitable alternative. The loan amount here depends on the gold one possesses. Moreover, the fund gets disbursed within an hour. It also accompanies some borrower-friendly traits that can easily replace a MUDRA loan in Pune. 

Gold Loan: An Alternative

Following are some of the perks of availing a gold loan in place of MUDRA finance. 

  • A gold loan offers a higher loan amount. 
  • The eligibility is simple.
  • Instant loan processing. 
  • Funds do not involve end-use restriction. 

On top of these general features, individuals can get other benefits as well when they choose Rupeek for gold loan. 

Benefits Of Rupeek Gold Loan

Some of the significant features of a Rupeek gold loan are discussed below. 

  • Flexible Repayment

Rupeek introduced customised schemes that facilitate convenient repayment. Unlike a MUDRA loan in Pune, individuals are given liberty to choose a repayment scheme that suits their financial capacity. For instance, they either pay regular EMIs or opt for a flexible option that includes repayment of full amount through a bullet payment or repay as and when they wish within tenure. 

  • Services At Doorstep 

Besides feasible repayment options, individuals are also entitled to request for our ‘on-demand’ doorstep service. After applying for the loan, our representative will contact the applicant shortly. The loan manager will then reach the borrower’s home within 30 minutes to start loan processing. 

Therefore, individuals can get an instant online gold loan at their doorstep by choosing Rupeek. 

  • Substantial Amount 

Borrowers are eligible to get almost 80% of the pledged gold’s current market value with Rupeek. In this way, they can get an amount of up to Rs. 1.5 crores with easy terms. 

Moreover, if borrowers wish to check the loan amount they are eligible for against the gold they possess can take help of online gold loan calculator

  • Overdraft Facility 

We also introduced a gold loan overdraft facility called Rupeek Quick. Through this facility, existing Rupeek borrowers can avail an additional fund on top of their primary gold loan. They only have to pledge some more gold, and once the valuation is done, we will disburse the amount directly to their wallet. 

By opting for this credit line, borrowers can save substantially on interest payment as the interest accrues only on the fund utilised. Since individuals do not have to furnish any additional documentation while applying for this, the disbursal takes only a few minutes, making it an apt solution for emergencies. 

  • Savings On Loan Transfer 

Individuals can maximise the benefits of a gold loan by transferring their existing gold loan to Rupeek. By doing so, they can save up to Rs.12,377/lakh on interest. Moreover, this loan transfer also accompanies better terms of service and a lower interest rate than what they are getting right now. 

We are currently extending gold loans in more than 500 locations. Individuals who happen to be in Pune right now can refer to the following list to contact Rupeek for instant funds. 

Places Where Rupeek Extends Services In Pune

If you reside in any of the flowing places in Pune, you can request our doorstep gold loan services. 

  1. Lohegaon
  2. Viman Nagar
  3. Nanded
  4. Sadashiv Peth
  5. Hadapsar
  6. Swargate
  7. Parvati hill
  8. Vadgaon Sheri
  9. Vishrantwadi
  10. Katraj
  11. Pashan
  12. Aundh
  13. Lohogaon
  14. Kothrud
  15. Pimpri-Chinchwad

Hence, equipped with a Rupeek gold loan, you can not only get the benefits of MUDRA finance Pune but also get additional facilities that make borrowing more effortless than ever before. Moreover, this gold loan also can be a great alternative to a small business loan for women. They can make use of their idle asset to the fullest and acquire funds for their businesses. 

Request for a Rupeek gold loan immediately and take your business a step further!

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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. What is the procedure for MUDRA loan registration Pune?

Both customers and vendors have to complete a registration process if they want to make payment via BHIM UPI or any UPI QR code. They have to enter the name, mobile number, payment purpose, user name, email id and other essential details to complete the transaction and proceed with the loan application process. 

  1. How to use MUDRA loan interest calculator?

First, you need to enter the desired loan amount in MUDRA loan calculator. In the next tab, you have to enter the interest rate and the loan tenure you want to settle for. The final tab will show the interest payable and the overall cost of borrowing in a few seconds. 

  1. What should I consider while opting for a gold loan?

Before opting for a gold loan, borrowers should consider the LTV, interest rate, repayment schemes, tenure, and other applicable charges. They should also compare with different gold loan lenders to make an informed decision.

  1. Can I get Rupeek gold loan by pledging gold coins?

No, Rupeek only accepts gold ornaments as gold collateral. The purity of these gold items should be 18 karats or higher.

  1. How safe is Rupeek for gold loan?

We follow a strict security protocol when it comes to protecting pledged gold. The gold is collected from a borrower in a GPS-enabled bag, and the borrower gets a notification when it reaches the nearest bank’s vault. The pledged gold also enjoys complimentary insurance for the tenure. 

We also use the most advanced, industry-best encryption to protect the information shared by borrowers, against any potential cyber-threat.

  1. What is the minimum amount I can get from Rupeek?

You can opt for a minimum of Rs.15000 as a Rupeek gold loan. 

  1. What is Rupeek gold loan interest rate?

The Rupeek gold loan interest rate starts from 0.49% per month. The effective rate depends on the scheme one chooses and the rebate for which they are eligible.

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