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Msme Loan
Collateral free Loan for Startup and Early startup
MSME loan is a credit facility offered to MSMEs, individuals, startups, business owners, entrepreneurs, self-employed professionals and other business entities for business expansion purposes and to meet day-to-day business requirements. The maximum loan amount offered by Banks/NBFCs is up to Rs. 2 crore (Collateral-free loans) with the repayment tenure of up to 5 years, may exceed as per requirements. MSME loan interest rates shall vary from lender to lender and shall depend as per applicant’s profile and business requirements.
MSME Loan for New and Existing Business/Enterprise is a type of credit facility in form of a Term Loan (short-term/intermediate-term/long-term), Working Capital Loan, Overdraft, Cash Credit, Letter of Credit, Bill Discounting, and other loan products
Types of Msme loan
Overdraft
Unsecured Overdraft facility with 12 Month Revolving tenor. Maximum Loan amount 500 lakhs
Term Loan
Unsecured Term Loan facility given for maximum 60 Month tenor. Maximum Loan amount 500 lakhs
Machinery Finance
Unsecured Loan facility given for Machinery purchase. Maximum Loan Tenor 60 Month . Loan amount till 500 lakhs
Why Choose MSME loan
- Eligible activities: You are eligible under the Msme scheme if your business falls within the manufacturing and service-based category, including retail trade and service ITes industry.
- Loan amount: If you own an MSE, then the credit facility you can avail of runs up to ₹200 lakh. With New MSME guideline this facility extended to 500 lakhs.
- Guarantee coverage: For Msme Loan , you can avail of 75-85% repayment guaranteed by Msme entity, in case you default on the principal loan amount. However, this feature only applies if the principal loan amount is up to ₹50 lakh.
- Collateral: For Msme loan , you require absolutely no collateral or third-party guarantee,Though Personal guarantee might be required.
Submit Detail with Google forms to get a call back
Why choose Crediting
- Preparation of DPR
- Support with Loan documentation
- support with Loan sanction terms
- Post sanction support with post sanction compliance
Documents required
- Promoter Aadhaar Card.and PAN Card.
- All Business Registration Proof.
- Business Bank Account Statements-Min. one years pdf
- Income Tax Returns (ITR) -Min. one years
- Computation of Income.-Min. one years
- Audited Financials-Min. one years
- GSTR-3B-last 12 months .
- DPR
FAQ
who is eligible for msme loan
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
what is msme loan
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
how to apply msme loan
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
What is msme loan interest rate
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
Project report for msme loan
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
apply for msme loan
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
how to get msme loan from government
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
Why msme registration is required
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.
What is msme loan scheme
A detailed answer to provide information about your business, build trust with potential clients, and help convince the visitor that you are a good fit for them.