What Is Micro Credit Business Loan?
Our Micro Credit Business Loans are designed to support merchants in expanding their businesses with ease. Offering loan amounts ranging from INR 25,000 to INR 2 Lakhs, we provide quick, hassle-free financing solutions tailored to meet the unique needs of small business owners. With flexible repayment options, minimal documentation, and fast disbursals, we enable merchants to seize growth opportunities, manage inventory, or upgrade infrastructure without financial stress. Join thousands of merchants who have unlocked their business potential with our reliable microcredit solutions. Your growth is our mission!
Eligibility of Micro Credit Business Loan
| Title | Details |
|---|
| Applicant | Nano MSMEs looking for working capital Business Loan to improve and scale their Businesses |
| Co-Applicant | NA |
| Minimum Age of the Applicant & Co-Applicant | 21 |
| Maximum Age of the Applicant & Co-Applicant | 57 |
Product Details
| Title | Description |
|---|
| Product Type | Merchant Loan |
| Target Customer Segment | Retailers and Merchants |
| Loan Purpose | Working Capital |
| Ticket Size [Range] | Rs. 25000 to Rs. 200000 |
| Tenure [Range] | Up to 18 months |
| Locations / Geographies | Pan India |
| Collateral Required (Yes/No) | No |
| Type of Collateral | NA |
| Rate of Interest | up to 19% Fixed Interest p.a |
| Processing Fees | up to 3% of the total amount |
| Insurance | NA |
| Other Charges | Late payment Charges/Month (on the overdue amount) 3% per month |
| Repayment Mode | E-Nach/UPI Mandate |
| Repayment | Daily/Weekly/Monthly |
| Sourcing Channels | Partner |
