Small Business Loan


Small Business Loans

Small is Big. Our endeavour is to provide credit to the segments which hitherto have borrowed money from informal channels or curtailed growth because of no availability of credit. Our credit facility will help this segment of emerging India boost their productivity and fuel growth aspirations. This loan facility is offered to serve the requirements of small business across many sectors of economy like general(Kirana) stores, hardware, utensil, cloth/readymade, shoe, pharmacy stores, small enterprises based out of home/cottage (handicrafts, powerloom, autoloom, handloom, food & beverages), services (hotel/tea/bakery, welding, engineering works etc) and non-farm enterprises (dairy, agri-processing etc).


Considering some of the potential customers are new to formal credit, we operate through extensive network through our Channel partners who can create awareness of our product and on-board them to our platform. For customers who want convenience, we have seamless online hassle-free application process, which saves our customer time, documentation effort and offers transparency.


Features

  • Loan Tenure : Upto 12 months (make it for Inventory finance, Invoice finance as well)
  • Loan Amount: Rs 50,000 to 5 lakhs
  • Type of Facility: Working Capital or Term loans
  • End use: Funds utilized for business expansion or working capital requirement
  • Instalment Frequency: Weekly, Fortnightly or Monthly
  • Margin: Minimum 30% for Equipment purchase or expansion plan
  • Security: Based on borrower credentials