services

Emergency MSME Loan
from RBI approved NBFC*

Competitive interest rates and quick disbursal Competitive interest rates and quick disbursal
  • Loan Amount
    Up to Rs 1 lakh for micro-entrepreneurs and small businesses.
  • Rate of Interest
    Interest will be calculated on reducing balance at the rate of 16-20% .

*deAsra Foundation is not providing the loan. deAsra is only assisting the RBI approved NBFC to identify eligible MSME borrowers and is providing technical assistance to the NBFC and the borrowers in easy repayment of the loan to the NBFC.

List of documents

All about Emergency MSME Loan Scheme!
Watch our Experts.

Want to help small and local businesses?

These are trying times for small and local business owners.
If you wish to lend money and support them, please mail us at wecare@deAsra.co.in

Fill Details

* Fields are mandatory.
  • Please enter the Pincode of your business location.
  • Your age
  • Do you have a smartphone?
  • Do you have a set up for online transactions like NEFT/RTGS or UPI?
    (For e.g.UPI such as Google Pay, PhonePe, BHIM, Paytm, etc.)
  • Do you have a bank account which you have been using for your business transactions?
  • Do you have business address proof of the current location?
    (For eg: Light bill, MTNL/BSNL phone bill, GST certificate, Shop & Establishment, VAT, Rent Agreement or Property TAX receipt)
  • The Year you started the business.
    (Your business must be at least a year old. Documents like shop act, VAT, GST certificate etc are proof of business age.)

Get Emergency MSME Loan approval in 3 working days*

*after sharing all the necessary documents with us.

Request a Service

Download NBFC apps

Submit documents

Get connected to the NBFC

Get a Loan from NBFC

Got questions?
Get answers about the Emergency MSME Loan.

This service is fulfilled by our trusted partner GROMOR FINANCE.

Gromor aims at providing you the impetus to keep the wheels of the economy running.

PURPOSE

For the working capital needs of the business.

ELIGIBLE ENTITIES

  • Individuals/Proprietors,
  • Partnership,
  • LLP and Private Limited Company.

SECURITY

  • An immediate family member as a co-borrower residing in the same residence is required.(Spouse/Son/Father/Mother)
  • One post dated cheque of the full loan amount.
  • Four post dated cheques of the equated weekly instalment (EWI) amount.

REPAYMENT PERIOD

  • The repayment schedule will be in Equated Weekly Instalments (EWI).
  • The maximum repayment period (tenure of the loan) will be from 12 to 15 months.

DISBURSAL OF LOAN AMOUNT

  • Sanction Loan Amount- up to 1 Lakh.
  • Processing Fees- 1% of the loan amount + GST will be deducted from the borrower’s account.
  • Loan disbursement will be done in 3 equal parts.
  • Both borrower and co-borrower will be covered in the insurance.

deAsra services for Managing & Starting

93157

Small Businesses Supported

₹ 34.97 cr

Loan Amount Facilitated

70+

Free Online Business Guides

FAQ's for Emergency MSME Loan

Interest is calculated on reducing balance as it is beneficial for the borrower.
For example, the interest is charged at 16% p.a. on reducing balance meaning that the borrower repays at the equated weekly instalment/s. Hence the actual rate of interest becomes less than 9% p.a.

Yes, provided you are having a tourist taxi business like Ola/ Uber as a self-employed person, you will be eligible for the loan. However in a current scenario, the tours and travel business is not eligible for the Emergency Loan Scheme as it is at a standstill and dependent on the interstate travel rules. Also, the demand from tourists for tour bookings is very less.

The loan amount will be disbursed in 3 equal parts.

CIBIL score is an important factor. We check the credit history of the borrower and assess the business on different factors such as last loan track record, repayment history, etc. and come up with our credit assessment results.

The rate of interest charged for this Emergency Loan will be at 16 % reducing balance basis.

If your business is not listed in the specified business category you can select ‘not defined’ or ‘other’ as an option and proceed.

Presently, NBFCs are considering loan requests for existing businesses of say a minimum of 12 months operational period. As these loans are unsecured, a thorough check of business track record is done, hence new businesses or startups are not eligible for this loan.

Yes, a business having entity-specific documentation in place, such as partnership deed, MOA, AOA are eligible for this loan. Also, for partnership minimum 2 partners and for Pvt Ltd company minimum, 2 directors are required.

Currently, we are not providing service to the OPC business entities as there are variations while considering such type of entity.

Our partners in the journey

deAsra is associated with many organizations in the mission of promoting mass entrepreneurship.These organizations include funding partners, service partners, like-minded NGO’s and CSR’s workingtowards generating jobs through entrepreneurship, and entrepreneur clubs