Fuel Your Business Growth with MSME Loans
All You Need to Know About MSME Loan
Micro, Small & Medium Enterprises (MSME) - Overview
Take your business to new heights with our specially designed MSME Loan. Whether you need funds for expansion, working capital, or asset acquisition, we provide flexible financing solutions at competitive interest rates.
ELIGIBILITY
- Proprietorship firms, partnership firms, companies, and MSMEs engaged in manufacturing, trading, or services.
- Self-employed professionals with sufficient net worth and repayment capacity.
- MSME/Udyam Registration Certificate
ELIGIBLE AMOUNT FOR LOAN
- Cash Credit – To meet working capital requirements for business operations.
- Term Loan – For acquiring fixed assets, infrastructure, and business expansion needs.
INTEREST RATES AND CHARGES
- Interest Rate: 8.90%* P.A.
- For purchase of machinery, equipment, raw materials, and business expansion
REQUIRED DOCUMENTS
- Identity Proof: Aadhaar Card, PAN Card, or Passport.
- Address Proof: Ration Card, Electricity Bill, or Voter ID.
- Income Certificate: Issued by the competent authority.
- Caste Certificate: For Maratha community applicants.
- Business Plan/Project Report: A detailed plan outlining the loan's purpose and expected outcomes.
- Bank Account Details: Updated passbook or cancelled cheque.
- Two Passport Size Photocopy
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