Apply For MSME Loan
Apply For MSME Loan
MSMEs for startups and businesses are supporting micro small and medium enterprises in terms of loans, capital for enterprise development and business expansion. MSME loans to businesses are taken to meet working capital requirements, manage business cash flow, purchase equipment / machinery, purchase of raw materials, payment of salaries, inventory enhancements.
What is MSME Loan?
Micro, Small and Medium Enterprises (MSME) loans are business loans provided by financial institutions to individuals, SMEs, MSMEs and startup enterprises. MSME loan schemes are used by business owners and enterprises to meet their working capital requirements, to manage or increase cash flow, for business expansion purposes, and more. Many lenders offer SME and MSME loans to their customers without collateral or any security.
What are the benefits of MSME Loans?
Mentioned below are the benefits of MSME loans:
- Low interest rates
- Collateral free loan
- Minimum documents
- Short term loans with flexible repayment options
- Quick approval and delivery
Feature of MSME Loan:
Loan amount: There is no minimum loan amount limit and up to a maximum of Rs. 1 Crore
Types of loans: Term loans, working capital loans, equipment finance, loans under government.
Repayment period: 12 months to 5 years, may extend in special cases.
Credit Facilities: Bill discount, Overdraft, Cash Credit, Letter of Credit, Bill of Purchase, Merchant Cash Advance etc.
Apply for MSME Loans:
MSME Loan application process:
- Choose a loan deal that suits your business needs.
- Fill in the original details and submit to receive a call from Paisabazar.
- Submit all necessary documents to the bank representative for loan related formalities.
- After loan approval from the bank, get the money disbursed in your bank account.
