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Mudra Loan in Thiruvallur
mudra-loan-in-Thiruvallur

Mudra loans in Thiruvallur

Thiruvallur is one of the administrative districts in Tamil Nadu. Located on the banks of Cooum, Thiruvallur is known for its cultural and religious festivals along with its spectacular scenic beauty. Queensland Amusement Park, Chennai Rail Museum, St. Thomas Mouth National Shrine are a few renowned tourist places.

Thiruvallur is also known for the advanced infrastructure it offers to businesses. It is a hub for industries like textile, food, wood and forest along with several promising start-ups. While most large-scale businesses have access to sufficient funds, SMEs and MSMEs suffer the most due to shortage of funds at the right time. In such scenarios, a MUDRA loan in Thiruvallur can be an excellent financial product that small business owners can consider to mitigate their business-related credit requirements.

However, before settling for this loan product, individuals should know what it entails and its various purposes.

What Is The Purpose of MUDRA Loan?

PM MUDRA Yojana loan comes with end-use restrictions. Thus, individuals can use the funds for the following purposes.

  • Gathering working capital
  • Financing marketing related requirements.
  • Promote businesses that involve in income generation.

The amount sanctioned under MUDRA loan in Thiruvallur depends on the applicant’s credit profile, the business plan and the project cost. This credit product is divided into three segments, namely, Shishu, Kishore and Tarun. Each of them is designated for different business statures.

  • Shishu MUDRA loan Thiruvallur allows beneficiaries to opt for a loan amount of up to Rs. 50000 to set up their business.
  • Under Kishore MUDRA loan Thiruvallur scheme, individuals can get funds up to Rs. 5 lakhs to expand their businesses.
  • Tarun MUDRA loan Thiruvallur extends credit of Rs. 5 lakhs to Rs.10 lakhs to eligible candidates.

Irrespective of the scheme chosen, individuals have to fulfil specific prerequisites and submit a list of relevant documents. Furthermore, if they need funds more than Rs. 10 lakhs, a MUDRA loan in Thiruvallur may seem futile.

Businesspersons can opt for a gold loan in this regard. It lets borrowers bypass the hassles of MUDRA loan documentation and obtain a large sum for their business. It gets approved quickly, allowing people to address urgent situations on time. Besides these, individuals can enjoy several other benefits, like doorstep service and gold overdraft facility, making for a more comprehensive business finance solution. 

Features And Benefits Of Rupeek Gold Loan

Following are a few Rupeek gold loan features to look out for:

  1. Loan Overdraft Facility

The existing Rupeek customers can opt for additional funds on top of their primarily gold loan. We disburse the amount directly to the borrower’s wallet so that they can utilise the funds immediately as and when required. Moreover, the interest is levied only on the fund used. Thus, it also reduces the burden of interest payment to a great extent.

Popularly known as Rupeek Quick, individuals can acquire funds for any short-term financial emergency by availing this facility.

  1. Sizeable Loan Amount

Individuals with sufficient gold can get a loan up to Rs. 1.5 crores, which they can utilise for any purpose, including business. We also offer a free-to-use online calculator that estimates the loan amount when one enters the specification of the gold article he/she wants to pledge.

  1. Repayment Flexibility

Rupeek borrowers can choose from our repayment schemes that include:

  • Regular EMI payment
  • Pay whenever one wishes during the tenure/ repay the entire amount at once after the tenure ends.

Irrespective of the scheme chosen, borrowers can repay the loan effortlessly without burdening their monthly expenses.

  1. Instant Loan Processing

Unlike a MUDRA loan in Thiruvallur, we offer doorstep gold loan services that allow individuals to avail instant online gold loan at their doorstep within 30 minutes. After making a request for Rupeek gold loan, our loan manager will visit your residence within 30 minutes and immediately start the loan processing.

  1. Savings By Loan Refinancing

Individuals who wish to reduce the interest payment further can opt for a loan transfer. They can also transfer their existing gold loan to Rupeek and save up to Rs.12377/lakh on interest by opting for this facility.

Besides these facilities, Rupeek also has a strong presence across Thiruvallur to ensure quick service.

Rupeek’s Doorstep Service Locations In Thiruvallur

People currently residing in any of the following places in Thiruvallur can contact us to get instant funds.

  1. Avadi
  2. Thiruverkadu
  3. Poonamallee
  4. Ponneri
  5. Periapalayam
  6. Tiruvelangadu
  7. Tiruttani
  8. Minjur
  9. Kadambathur
  10. Uttukottai
  11. Pulicat
  12. Pattabiram

Hence, Rupeek gold loan works as a potent alternative to MUDRA loan Government scheme. The industry-first features and services make it one of the most sought-after credit options that small business owners can consider taking.

Get a gold loan from us today and infuse working capital to your business!

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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. What are the documents required for MUDRA loan?

You have to submit KYC documents, self-curated business plan, proof of ownership, and income proof to get a MUDRA loan in Thiruvallur.

  1. What is MUDRA loan eligibility?

MUDRA loan is extended to non-farm, non-corporate MSMEs primarily. The applicants must not have been a defaulter in the past. They also need to meet other eligibility parameters specific to a lender to get the MUDRA loan funds.

  1. Can I opt for two gold loans from Rupeek at a time?

Yes, you can opt for two Rupeek gold loans at a time.

  1. How to apply for a gold loan online from Rupeek?

You have to visit the official website of Rupeek and enter your mobile number to apply. Our representative will connect with you soon after the request submission is completed successfully.

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