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MSME Loan

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MSME Loan
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MSME Loan

Micro, Small, and Medium Enterprise (MSME) loans are a pivotal financial instrument designed to empower entrepreneurs and small business owners by addressing their immediate and long-term capital requirements. These loans specifically target the diverse monetary needs of MSMEs including working capital, equipment purchase, inventory management, and business expansion. Our company facilitates both secured and unsecured MSME loans based on borrower eligibility and creditworthiness, with fixed interest rates to provide transparency and predictability in repayment. Applicants must submit comprehensive business documentation including registration certificates, income tax returns, and financial statements, which undergo thorough verification to ensure eligibility. With loan tenures ranging from 1 to 10 years, MSME loans serve as an essential catalyst for fostering entrepreneurship, driving economic growth, and enhancing the competitive edge of small and medium-sized businesses.

Features
  • Loan tailored specifically for MSME businesses
  • Disbursal within 15 working days
  • Tenure from 1 to 10 years
  • File Security Money of ₹3,860/- applicable, ₹3,300/- refundable on closure
Eligibility & Documents Required
  • Valid MSME registration certificate
  • Business operational documents including licenses
  • Documents required include business registration, income tax returns, bank statements, ID and address proof, PAN card
Interest Rate

Fixed interest rate of 6% per annul applicable on the loan amount Interest rates are fixed and non-negotiable.

Loan Tenure

Loan repayment tenure ranges from 1 year to 20 years, depending on loan amount and borrower’s preference.

Processing Responsibility

Any delay or interruption in the loan application or disbursal process arising from the customer’s or agent’s side will be beyond the company’s control and responsibility.

Frequently Asked Questions (FAQs)

  • Q1: Is GST registration mandatory?
    A: It depends on the type of business; not always mandatory.
  • Q2: What is the loan amount range?
    A: Depends on the business size and financial standing of the borrower.