MSME Loan
MSME loans (micro, small and medium enterprises)
Micro, small, and medium-sized enterprises (MSME), which contribute significantly to India's socio-economic development, constantly encounter substantial problems in securing quick funding. Ezmy loans simplify the lifestyles of MSMEs by not only assisting in the rapid raising of funds for various industry requirements, and also by easing the choice procedure for loan supervisors.
Why choose us:
- MSME business loan of up to 5 crores at the lowest possible interest rate
- Loan approval in principle in a brief period
- Simple Procedure Using a Streamlined Process
- Decision-Making in Real Time
What are the MSME Loan Eligibility Criteria?
- Applicants must be between the ages of 25 and 55.
- Applicants' businesses must be older than three years.
- They must have filed Income Tax Returns for the business for at least one year.
- Applicants must have a credit score of 750 or higher.
- The applicant must not have a history of loan default in their or their company's name.
MSME Loan Documents Required:
- Aadhaar card, PAN card, voter ID, driving license, or any other govt approved document
- Address proof includes electric bills, a lease agreement, and a passport.
- A copy of GST Returns and bank account statements dated back six months, as well as Accounting reports.
- Proof of Business Ownership: Business registration documents
1. What precisely is collateral?
Protection in the form of an investment offered by the borrower to a lender to secure a loan if the borrower fails to repay the loan, the collateral can be used to retrieve failures.
2. Will my proposal suffer as a result of my lack of collateral security?
Borrowers can continue if there is no security available, we allow eligible borrowers to facilitate the collateral-free loans by providing the coverage.
3. Do I have to pay any fees to obtain a loan?
The lender is not required to make any payment for registration purposes. Any lender whose proposal fits the products of lenders and simply wishes to receive in-principle approval must pay a nominal fee of Rs 1,000 + GST.
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