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Compare options & Apply for MSME Business Loan

Discover options to fund your business

Running business for more than a year?

  • Interest rate ranging from 16% to 20%.
  • For working capital needs, up to Rs 1 lakh.

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Got questions?
Get answers about the MSME Loan.
Features and Benefits

PURPOSE

To start, grow or for working capital needs.

ELIGIBLE ENTITIES

Individuals/Proprietors, Partnership Firms, LLP and Private Limited Companies.

SECURITY

Scheme
dependent –
With Collateral or Collateral Free,
With or without Co-borrower / Guarantor.

REPAYMENT PERIOD

Scheme
dependent –
The maximum repayment period is up to 5 years

REPAYMENT SCHEDULE

Equated Weekly Installments or Equated Monthly Installments.

Small Businesses Supported

₹ 0 cr

Loan Amount Facilitated

70+

Free Online Business Guides

FAQ's

Under different loan schemes, interest is calculated either on the reducing balance basis or fixed balance basis.

Usually, the NBFCs/Banks give the initial 1 to 3 months as the moratorium period after disbursing the loan amount.

It entirely depends on the NBFCs / Banks who will be providing the loan. But yes, there can be delayed or default EMI/EWI charges.

The payment of EWIs/EMIs should be made through UPI, NEFT/RTGS, NACH.

Yes, the CIBIL score is an important factor. NBFCs & Banks check the credit history of the borrower and assess the business on different factors such as past loan track record, repayment history, etc. and come up with their individual assessment results.

Yes, a business having entity-specific documentation in place, such as partnership deed, MOA, AOA are eligible for this loan.

Our partners in the journey

deAsra, in association with several organisations, has taken up the cause of promoting mass entrepreneurship. Such organisations include funding partners, service partners, like-minded NGOs and CSRs that work towards generating jobs through entrepreneurship, and entrepreneur clubs.