In recent years, the country’s booming economy has given an impetus to the rise of several SMEs (Small and Medium-sized Enterprises) and MSMEs (Ministry of Micro, Small and Medium Enterprises). Moreover, it has now become extremely easy to avail an MSME business loan to meet your business’ working capital requirements. An MSME loan can be used for several purposes such as upgrading your Company’s infrastructure, buying and repairing factory machinery, purchasing raw materials, etc. With us, at Finserv MARKETS, you can easily avail MSME and SME business loans to set-up or expand your business.
Finserv MARKETS offers online processing for all types of business loans. You can apply for a SME business loan online with us and get it approved under just 3 minutes. The online process not only saves time but also ensures that your request is processed instantly and the amount is disbursed into your bank account within 24 hours of approval.
Most financial institutions demand a collateral against the loaned amount for a business loan. However, MSME loans at Finserv MARKETS are unsecured in nature and do not require the applicant to provide any form of collateral.
Depending on the planned expansion scale, the range of the funds required for a particular business may vary. Therefore, the SME business loans offered at Finserv MARKETS come with a high loan limit of INR 30 lakhs.
It is necessary to have a comfortable loan repayment tenure so that the borrower does not default on his/her EMIs. At Finserv MARKETS, an applicant can enjoy a flexible repayment tenure of 12-60 months on his/her MSME business loan.
With MSME loans at Finserv MARKETS, you get easy access to value-added services such as financial fitness reports and customized insurance plans.
An applicant needs to fulfil the following MSME business loan eligibility when applying at Finserv MARKETS-
Identity Proof: Aadhar Card, Passport, Voter ID card, etc.
Address Proof: Electricity bill, Telephone bill, Passport, Aadhar Card, Driving License
Business Proof: Certificate of business existence, Income tax filings for the previous financial year, profit and loss statements for the past 3 years, etc.
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Finserv MARKETS offer affordable SME business loan interest rates, starting from 18%. In addition, nominal charges are levied as processing fees or penalties if the applicant decides to prepay or foreclose the loan.
You can initiate the MSME loan process with these easy steps-
Step 1: Fill out the online application form at Finserv MARKETS by submitting your personal and business details
Step 2: Select the amount you want to avail as an MSME loan along with the preferred repayment tenure.
Step 3: Once you submit the online application, you can get it processed and approved under 3 minutes.
You can also check your SME loan EMI with Business Loan EMI Calculator.