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MSME Loans

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MSME Loans

MSME LOAN FOR NEW AND EXISTING BUSINESSES

The meaning of MSME Loans is the loan given to small-scale businesses or start-ups to establish their business or to expand it further. In India, the future of economic growth is heavily dependent on the lakhs of small and medium-scale businesses trying to thrive in a very competitive market.

  • CC (Case Credit Limit)- Cash Credit (CC) is a source of short term finance for businesses and companies. Cash credits are also called working capital loans as they fund the instant cash requirements of the organizations, or to purchase current assets.
  • OD(Overdraft)- OD stands for Overdraft facility, it is a kind of facility where the businesses or individuals can withdraw an amount of money over and above their bank balance. Also read: Difference Between Cash Credit and Overdraft. Difference Between Shares and Debentures.
  • BG(Bank Guaranty)- Bank Guarantee is an instrument issued by the Bank in which the Bank agrees to stand guarantee against the non-performance of some action/performance of a party.
  • LC(Letter of credit)- A Letter of Credit is a financing arrangement to raise funds whereas bills of exchange are payment tools. In the case of LC, individuals need to meet a few conditions to receive payment, whereas bills of exchange are legally binding documents issued towards a payment to be made at a later date.
  • FCTL (Foreign Currency Term Loans) BCSPL has specific product for such clients in form of Foreign Currency Term Loans (FCTL. Under FCTL these SME′s and Corporate can import machineries in foreign currency thus resulting in very low cost of interest vis-a-vis increased profitability.

New Definition of MSME

The definition of MSME was altered and was announced by the Government of India on 13th May 2020. Given below is the new definition of MSME:

  • The criteria for MSME classification have been changed from Investment to Investment and Annual Turnover.
  • The Government of India also increased the investment limit for classification of MSME units. This means, that more firms and enterprises can now avail MSME schemes.

High Loan Amounts

Leverage up to 90% of your property’s market value to secure high-value loans. With a loan against property, you can get the true worth of your asset to meet your financial requirements.

Flexible Tenure Options

Choose from a variety of repayment tenures to suit your financial planning and convenience. Whether you prefer a shorter repayment period or an extended one, our mortgage loan offers flexibility to match your financial need.

Quick Disbursement

Benefit from a fast and efficient loan disbursement process, providing you with timely access to funds. Once approved, you can count on receiving your mortgage loan quickly, so you can address your needs without delay.

Competitive Interest Rates

Take advantage of our strategic partnerships with 70+ banks and NBFCs to get the lowest interest rates on your loan against property. Our network with Banks and NBFCs help you save money with the best possible rates.

Minimal Documentation

Experience a hassle-free application process with minimal documentation requirements. We understand the importance of simplicity, so we keep the paperwork to a minimum while ensuring your secured loan is processed smoothly.

Transparency and Trust

Enjoy clear and transparent terms with no hidden fees, ensuring peace of mind throughout the loan period. Our commitment to honesty and integrity means you can trust us with your loan against house property.

What We Offer

Application Submission

Begin by filling out a simple application form, detailing your financial needs and property information.

Property Evaluation

Our experts will conduct a thorough evaluation of your property to determine its market value.

Document Verification

Submit the necessary documents for a quick and smooth verification process.

Eligibility Check

Banks and NBFCs assess your eligibility based on their lending criteria.

Loan Approval

Once approved, the loan process moves swiftly towards disbursement.

Fund Disbursement

Receive the approved loan amount directly in your account promptly after approval.

Continuous Support

Our team provides ongoing support and assistance even after the loan is disbursed.

Documents required for taking MSME loan

1
KYC

Pan Card (Cumpalsory) / Aadhar card / Driving Licence etc.

2
Bank Statement

Latest bank statement for the last six months.

3
Degree Registration Certificate

Proof of your professional degree and registration.

4
Last Two Years of ITR

Income Tax Returns for the last two years.

5
Resident Proof

Proof of your current residence.

6
Letterhead

Your professional letterhead for verification.

Our Services

GET THE BROCHURE Download the pdf file of latest update for this service.

Need Help ?

Please feel free to contact us. We will get back to you with 1-2 business days. Or just call us now

+91 98118 26022
info@solution4loan.com

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