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MSME & Machinery Loan
Entrepreneurs or business owners can avail of Micro, Small, and Medium Enterprise (MSME) loans. An MSME loan is a credit facility that banks and Non-Banking Financial Companies (NBFCs) provide to small and medium-scale businesses. They offer MSME loans with limited or no collateral at reasonable interest rates.
An MSME loan for a new business is ideal for running the MSME and improving its financial status by helping them purchase advanced machinery, equipment, stock, paying salaries to employees, etc. It can also help to grow and enlarge MSMEs.
Services
Project Finance
MSME Loan Features
- An MSME loan offers flexible time intervals to repay the loan amount without any hassle.
- The MSME loan interest rate is significantly low and begins from 8.75% p.a.
- It helps small-scale companies improve their businesses.
- An MSME loan does not require pledging collateral.
- The ease of availability of MSME loans and quick disbursement helps prevent business activity delays.