Business Loan
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s socio-economic growth, playing a significant role in driving the country’s GDP. Despite their crucial contribution, many MSMEs face challenges in securing the right financing to manage daily operations or fuel business expansion.
At CapitalNeed.com, we understand these needs and offer collateral-free Business Loans specifically designed for SMEs and MSMEs. Through our innovative fintech platform, MSMEs can enjoy a seamless borrowing experience with simple application procedures, flexible repayment tenures, competitive interest rates, and fast loan approvals.
Empower your business with the right financial support. Apply now with Capital Need and take your enterprise to new heights.
Reasons to Apply for a Business Loan for MSME
SMEs and MSMEs need funding from time to time to continue running their business operations smoothly. They need sufficient funds to meet various requirements.
Here's why you should consider taking an MSME/SME Business Loan from Capitalneed:
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To meet planned and unplanned expenses
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To consolidate your debts
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To procure inventory
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Pay for emergencies
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Invest in business marketing
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Upgrade business infrastructure
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Install new plants and machinery
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Pay overhead costs
MSME Business Loan Interest Rates
| Types of Fees | Applicable Charges |
| Rate of Interest | 14.50% p.a.* |
| Processing Fees | Depends on Profile |
| Loan Amount | ₹5 lakh to ₹1 Cr |
| Loan Tenure | 12 Months to 48 Months |
Eligibility Criteria of Online MSME Loan
Our MSME Loan eligibility criteria are designed to enable different small businesses to fulfil their specific financial needs. The requirements are listed below:
Age
24 to 65 years
Nationality
Indian
Business Vintage*
At least one years
Annual turnover
₹30 Lakh
*Business vintage determines how long your business has been operating and when it was registered. It is a significant eligibility determinant for procuring an unsecured Business Loan.
Note: The above-mentioned eligibility criteria are indicative. Additional information may be asked by the Capitalneed team during loan processing as per policy.
Documents Required
You don’t have to worry about time-consuming paperwork and running into funding delays due to multiple documents. With Capitalneed, you can access quick financing for your business with minimum documentation.
Below is the list of required documents for availing of our SME/MSME Business Loan:
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KYC - GST or Rent Aggrement and Udhyam
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Business Address Proof (Rent Agreement/Utility Bill)
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Financial Documents (Bank statements/IT Returns)
Note: This list of documents is indicative. We may need some additional documents during loan processing.
Features and Benefits of MSME Loan
The features and benefits of our Business Loaninclude:
Capitalneed provides MSME Finance in India that comes with a host of industry-best features and benefits, such as:
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Hassle-Free Loan Approval
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Simple Eligibility Criteria
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Up to ₹1 Cr Loan Amount
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Flexible Repayment Tenure
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Minimum Documentation
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No Collateral Required
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Competitive Interest Rates
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Convenience of Online MSME Loan Process
Hassle-free Loan Approval
With Capitalneed, you can apply for an MSME Loan online and get quick approval. This is especially helpful when you're in urgent need of finances.
Minimum Documentation
To speed up the loan processing, we only require you to submit basic MSME Loan documents.
Simple SME Loan Eligibility Criteria
Accessing quick business finance is easy with our Business Loan for MSMs, thanks to simple eligibility criteria and only basic business Loan documents required to get started.
No Collateral Required
Our Business Loans for SMEs/MSMEs are unsecured loans, which means you can avail of this loan quickly, without pledging any business or personal assets.
High Loan Amount of Up to ₹1 Cr Lakh
With our MSME Business Loan, you can access capital of up to ₹75 Lakh and fund any business-related expenses.
Competitive Interest Rates
Get competitive SME Loan interest rates on our MSME Business Loan, starting from 15% per annum.
Convenience of Online MSME Loan Process
Apply for an online SME Loan in just a few simple steps. Get quick approval and have the funds credited to your bank account without any delays.
