Business Loan: You will get a loan of Rs 10 lakh without pledging anything, you will not even have to pay any processing fee..
Bank Loan scheme: Often, in exchange for giving a loan, banks give loans to the customer by keeping some valuable thing as collateral. Now, customers do not need to mortgage anything to get a loan (bank loan news); they can take a loan of up to Rs 10 lakh without pledging anything. For this, they will not have to pay any processing fee (loan without processing fees). You can also take advantage of fulfilling your financial needs by taking this loan.
The government itself is giving this loan.
The central government itself is giving this loan (center govt loan scheme) to the people. You can fulfill your needs by taking a loan under the Pradhan Mantri Mudra Yojana. This loan is being provided by the government under a special loan scheme. You can get new success by taking this loan for business purposes. This government loan scheme (govt loan scheme) is also very beneficial for small businessmen.
Know how to get a loan -
You can take this loan category-wise. There is a facility to take a loan in different categories under the Pradhan Mantri Mudra Yojana. Under this, you can take a loan of up to Rs 50,000 in the Shishu loan category. A loan amount of up to Rs 5 lakh can be taken in the Kishor loan category and Rs 10 lakh in the Tarun loan category (PMMY loan amount limit).
This is the interest rule.
The biggest advantage of taking a loan under the Pradhan Mantri Mudra Yojana is that interest (PMMY loan interest rates) is charged only on the amount you withdraw from the Mudra card. Due to this, paying EMI (PMMY Loan EMI rules) is also easy for the customer. There is no need to mortgage anything for this collateral-free loan. You can take a loan under this scheme from the government, private, small finance bank, regional rural bank, and non-banking financial company.
This exemption is available in the loan period.
Under PMMY, if you decide on a period while taking a loan (PMMY loan process), then it can be extended later. In such a situation, if you are unable to repay the loan on time, then you will not have any problem. You can easily repay the loan by increasing the loan period (PMMY loan tenure). For this loan, a loan can be taken from one year to 5 years initially.
This is the way to apply.
The method of applying for a loan under Pradhan Mantri Mudra Yojana (how to apply for PMMY) is also easy. For this, permanent address and business address, along with Aadhar card and PAN card, are required. Also, attach a copy of sales tax return, passport size photo, and a copy of income tax return. After this, you can go to the nearest bank branch and submit the form. After a complete investigation, you will be given the loan amount (PMMY loan amount) in 30 days.
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