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MSE Business Loan

Unsecured Business Loan

Unsecured Business Loan

  • Customer segment Customer segment

    • Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of

    • Manufacturing: `18,00,000 and above

    • Trading: `20,00,000 and above

    • Services: `15,00,000 and above

  • Loan amount Loan amount

    • Minimum `2,00,000

    • Maximum `3,00,000

  • Tenure Tenure

    • Minimum 1 year

    • Maximum 2 years

  • Rate of Interest (ROI) Rate of Interest (ROI)

    • 24% p.a. (reducing)



Loan types and purpose

Loan purpose Typical use
Working Capital
  • Purchase of stock (raw material and finished goods)
  • Payment to creditors
  • Financing of debtors
  • For keeping cash to meet day to day operating expenses
  • Short term debt repayment
Capital Expenditure
  • Purchase of new or old equipment

  • Investing in purchase or renovation of office/factory/godown or other business premises

Debit consolidation
  • Consolidating different short term loans taken for business purpose



Unsecured and Secured Enterprise Loan

Features Unsecured Enterprise Loans Secured Enterprise Loans
Customer Segment
  • Registered Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of

  • Manufacturing: `35,00,000 and above

  • Trading: `40,00,000 and above

  • Services: `20,00,000 and above

Loan purpose Typical use (indicative)
Loan types and purpose(term loan repayable in EMIS) Working Capital
  • Purchase of stock (raw material and finished goods)

  • Payment to creditors

  • Financing of debtors

  • For keeping cash to meet day to day operating expenses

Capital Expenditure
  • Purchase of new or old equipment

  • Investing in purchase or renovation of office/factory/godown or other business premises

Debit consolidation
  • Consolidating different short term loans taken for business purpose

Loan amount (given in multiples of `10,000 in the following range)

Minimum `3,00,000

Maximum `7,50,000

Minimum `10,00,000

Maximum `50,00,000

Tenure

Minimum (12 months)

Maximum (36 months)

Minimum 3 years (36 months)

Maximum 10 years (120 months)

Rate of Interest (ROI)

21-23% p.a. reducing

14-17% p.a. reducing

Overdraft facility

Overdraft Facility

  • Customer segment Customer segment

    • Micro and Small Enterprises (defined by turnover criteria in eligibility grid) typically with annual sales turnovers in the range of

    • For MSE businesses with annual turnover of `50 lakh and above

  • Loan amount Loan amount

    • Minimum `11 lakhs

    • Maximum `50 lakhs

  • Tenure Tenure

    • OD limit will be annually renewable unless specified otherwise

  • Rate of Interest (ROI) Rate of Interest (ROI)

    • 1 year MCLR + 1 % ( MCLR- Marginal Cost of funds based on Lending Rate )

  • Features Features

    • Pay interest only on utilized limit

    • Option to combine MSE Loan with Overdraft facility

    • Quick processing

    • Priority services at branches



For all other charges, please contact your nearest MSE branch.