Business loans are offered by banks to SME, MSME and start-up enterprises.
The loan is used for managing cash flow or for expanding the business, etc.
Interest Rate :- 12.25% – 13.35% per annum
There is no minimum limit of loan amount, maximum loan amount up to ₹ 1 crore
Repayment term from 12 months – 5 years
DOCUMENTS
Business plan, photo, application form, proof of income
Business address proof, bank statement etc.
Minimum 18 Years and Maximum 70 Years
CIBIL score above 750
MSME Toll Free Number :- 1800-123-7376