Pradhan Mantri MUDRA Yojana (PMMY)
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.
At PMMY, you can avail the PMEGP scheme initiated by the government of India with a few simple steps and without any EDP training, you can take advantage of this with the assistance of our trained executive.
Requirements for Obtaining a Loan
Criteria 1
Verify your personal details to check the eligibility for a loan
Criteria 2
Applicant's minimum age should be 18 years
Criteria 3
An individual can take a loan of ₹50,000 upto ₹10,00,000
Check your eligibility with this 30 second form
Get easy loans by following this 3-step procedure
Fill in the details
Submit the details in the contact form given above and our executive will be there to help you.
Submit required documents
Send us the documents required for a Loan i.e. Aadhar Card, PAN Card and A Photo
Credit to account
Wait for verification of the documents, and the amount will be credited to your account shortly after.
A personal loan with lots of benefits !
Our digital financial solutions enable both salaried and independent workers to easily set up a line of credit for use as needed. This credit line can assist in bridging temporary cash flow issues until you can regain financial stability.
Uses of a Personal Loan
A Personal Loan offers complete flexibility in its usage, making it suitable for covering any type of expense. Some of the most common reasons for obtaining an instant Personal Loan include:
Refurbish a home
If you're planning to remodel your kitchen, construct a new balcony, or make any other home improvements, you can apply for a Personal Loan to finance these renovations.
Pay healthcare bills
Medical emergencies can strain your finances, and insurance may not cover everything. PMMY offers quick medical emergency loans with flexible repayment options to help.
Organize a wedding
Due to increasing inflation, the cost of weddings has risen significantly. You can consider taking out a personal loan to manage these substantial wedding expenses.
Finance a child's higher education
You can apply for a personal loan to help cover the costs associated with your child's education, such as tuition fees, books, accommodation, and other related expenses.
Cover travel expenses
If you're considering a vacation, whether in India or abroad, and you need financial support, opting for a Personal Loan tailored for travel expenses would be ideal.
You can rely on us
Before we finalize the loan approval or disbursement, we believe in being transparent and straightforward with our customers, enabling them to make well-informed decisions. This embodies our approach to responsible lending, ensuring that borrowers receive upfront details with no additional fees or costs.
We do not utilize customer SMS or call records to reach out to their contacts or intimidate them in any way.
When we find legitimate reasons for non-payment, we provide various solutions to resolve the issue effectively.
Customers are only contacted during daytime hours and within regular working hours.
Efficient and swift service
Our primary goal is to provide you with a seamless and outstanding borrowing experience. Say goodbye to complex procedures and lengthy application forms. With minimal documentation required and no long waiting periods for approval, it doesn't get any better than this!
We recognize that immediate funds may be needed for various reasons such as:
Delays in paying school fees
Rental payment for the house
It could be a family illness.
Simple financing options for small agencies, businesses, and companies
Provide the necessary documents and information for loan approval.
Get our loans now and start repayment after completing your studies.
Obtain small loans for additional needs within 2 hours with minimal documentation.
Varieties of Fast Loans Available in India
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Benefits of Quick Loans
No Credit Verification
As previously mentioned, quick loans do not always require the applicant to have a good credit score, as they can be approved without a credit check.
Approval and Disbursement Speed
These loans are issued within a timeframe of 2 to 24 hours, and at most, within 48 hours.
Unsecured Line of Credit
Quick loans are essentially unsecured loans, meaning that the financial institution or lender does not require any security or collateral from the borrower.
Online Application
You can apply for quick loans online at pmmyloan.com.
Minimal Documentation Requirement
Minimal Documentation: These loans require only essential documentation, such as proof of identity, address, and possibly income.
Self-employed individuals are eligible to apply
In many instances, self-employed individuals can easily obtain quick loans.
Demerits of Quick Loans
Increased interest rates
Quick loans carry extremely high interest rates, nearly double those of regular loans, making them expensive options.
Numerous unlicensed lenders
Since many people need urgent cash, loans are offered by more than just official banks, NBFCs, or certified lenders. Be cautious of uncertified, shady lenders, as borrowing from them can be risky.
Heavier EMIs
Quick loans are short-term, requiring repayment within a few weeks to a maximum of three months. This means higher EMIs over a limited period. If you opt for a quick loan, carefully examine the repayment terms and conditions.
Why Select Us?
We offer top-notch loan services, and our experienced staff is here to assist you. With minimal paperwork and a quick approval process, we make getting a loan easy and efficient.
Expert Team
We provide all necessary information to our customers, enabling them to make informed decisions and obtain the loan they need.
Transparency
We maintain transparency by sharing all information with the borrower, ensuring there are no hidden fees or charges.
Appealing interest rates
We provide personal loans with low interest rates, allowing you to save money through reduced EMIs.
No Uncertainty
Sufficient steps are taken to guarantee that the customer fully comprehends the terms of the loan, leaving no room for confusion.
Contact Us
Ask Your Queries
Do you have a question or need more information? Don’t hesitate to reach out to our friendly team at Pmmy Loan. We’re here to assist you with anything.