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.
New? Or, need funds to grow?
- ✓ Get a Fund ready proposal for banks.
- ✓ Consultation with banking experts for growth funds.
SDDSS : Select the Best Options in 5 Simple Steps
Share: Business info
Discover & Compare: Options
Decide: What works best!
Select: The best match!
Start : The Process
Get answers about the MSME Loan.
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
Loan Amount Facilitated
Free Online Business Guides
More about MSME Business Loan
Know deAsra's Business Funding partners
Difference between a Co-borrower & a Guarantor
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.
