Mudra Loan in Rajkot

The PMMY Rajkot is purpose-built to extend needed financial support to MSME and SMEs. Here are some prominent MUDRA loan features of this scheme that help in this regard –

1. MUDRA loan in Rajkot is available both as a term loan and a composite loan.
2. The processing fee for this financing scheme is minimal.
3. One does not require any collateral to avail an e-MUDRA loan.
4. Individuals can get a maximum of Rs. 10 lakhs under this Yojana.

To avail the facilities of a MUDRA loan, one needs to keep a credit history devoid of any defaults, and they must be in the age group of 18 - 65. Also, applicants must be associated with a business in the trading, service, or manufacturing sector.

Moreover, successful MUDRA loan distribution depends on the submission of necessary documents as well. The list of documents required for this are as follows –

1. Specific application form
2. Business ownership documents
3. Bank account statement
4. Income tax return details
5. Balance sheet and profit and loss statement
6. Business plan

Furthermore, MUDRA financing scheme is available in three categories, here are the details –

Even though a MUDRA loan in Rajkot is a great financing option for businesses, it has certain limitations. The restricted loan amount, a lengthy approval process, and strict eligibility terms make it difficult to avail.

A gold loan can be a great alternative in this regard. It offers similar benefits but without the strict eligibility terms and is approved much faster than a MUDRA loan. What’s more, with Rupeek, people can enjoy door-to-door complimentary gold insurance coverage alongside other lucrative benefits.

As a leading gold loan provider of India, Rupeek has introduced a series of benefits to help customers have a better experience. Here are the prominent ones –

1. The per-gram rate offered by us is one of the highest in this segment, which allows applicants to avail more funds against their gold ornaments. Borrowers can use the gold loan calculator on our website to have a clearer understanding of the same.
2. Also, the rate of interest levied by Rupeek on its gold loans starts from 0.49% that makes interest repayments more affordable.
3. To make the repayments even more manageable, we have introduced different payment methods. It includes standard EMI plans, along with the flexibility to pay as per their convenience.
4. The loan transfer facility offered by us also helps borrowers to opt for our services without any hassle. Once they share their current pledge card with our representatives, they will guide customers through this process. They can save up to Rs.12,377 per lakh with this facility.
5. One only needs to meet the age criterion to be eligible for gold loan. Indians who are above the age of 18 and possess gold jewellery can opt for our services. Also, they need to submit only the KYC documents to avail funds.

These are a few reasons why you may consider concluding googling for ‘MUDRA loan lenders near me’. However, that’s not all. Customers can even benefit from the overdraft facility to deal with cash flow issues.

Rupeek also offers an gold overdraft facility known as Rupeek Quick. It allows our existing customers to pledge additional gold to get more funds. Also, with this credit line facility they have the freedom to withdraw funds at their will. Moreover, they need to pay interest on the amount they use, and not the entire credit line.

The convenience of choosing Rupeek as a lending partner is further enhanced by the doorstep services we offer. It allows our customers to avail an instant online gold loan at their doorstep. It is possible due to our presence in popular localities of Rajkot.

• Dhebarbhai Road
• Mota Mava
• Gondal
• Paddhari
• Rajkot Metoda Gidc
• Rajkot Marketing Yard
• Rajkot Raiya Road
• Sapar Veraval
• Sardhar
• Virnagar
• Wankaner

MUDRA loan in Rajkot is a convenient financing option for non-corporate and non-farm businesses. However, the associated loan terms can make it a difficult financial product to avail. In this context, a gold loan is a potent alternative, and with Rupeek borrowers can get an emergency instant business loan at their doorstep in just 60 minutes.

Contact Rupeek today for an affordable financing solution for your business.