MSME Loan
Purposes
Scale up your business to greater heights with ESAF Small Finance Banks range of MSME Schemes. Choose from the wide range of SME Schemes which can find the means for your business.
Features
Salient Features
- Fastrack processing
- Flexible repayment options
- Simplified Documentation
- Attractive Interest Rates
- Loan amount starting from Rs 10.00 Lakh
- Dedicated Relationship Manager
Facilities offered
- Cash Credit, Overdraft, Vendor Bill Discounting and Working Capital Term Loan limits.
- Term Loan for Renovation of an existing unit or for purchase of Machinery.
Loan Tenure
- 1 to 7 Years
Who can apply
- Proprietorship
- Partnership
- Limited Liability Partnership (LLP)
- Private and Public Limited Companies or any other legal entity engaged in manufacturing/trading/service activities.
Documents to be produced
- ID and Address Proof
- GST Returns.
- Bank Statement (latest 6 months bank)
- Last 2 Years ITRs (computation of income), Audited Balance Sheet and Profit & Loss a/c, if applicable
MSME Data Click here
Timelines for conveying Credit decisions in MSME loans
| Loans from Rs. 25, 000/- to 25 lakhs | Fortnight |
| Above Rs.25 lakhs and Upto Rs.500 Lakhs | Up to 6 weeks |
| Above Rs.500 Lakhs | Up to 8 weeks |
| Conditions : "The timelines start from the date of receipt of complete documents from the applicant and the time taken by the applicant for submitting documents and / or for furnishing information sought by the Bank will not be taken into account for the purpose of timelines indicated above". "All timeline counts will be on the basis of full working days. Wherever there is a need for verification etc. with various authorities/ Govt. bodies across one or more centers, a minimum of 15 additional working days will be applicable. We shall endeavour, at all times, to deliver within the indicated timelines, barring in situations and circumstances that are beyond the control of the Bank." |
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