MSME loans provide funding to businesses without the need for collateral, offering flexibility and faster approval. They are primarily based on the borrower’s creditworthiness, making them an ideal option for businesses that may not have assets to pledge. These loans come with low interest rates and offer a risk-free solution for business owners.
Key Features :
- No Collateral Required
- Approval Based on Creditworthiness
- Quick Approval Process
- Flexible Use of Funds
Apply Now & Fuel Your Business Growth!
Documents Required
FOR SELF EMPLOYED PROFESSIONALS
KYC - PAN CARD AND AADHAR CARD
OWNERSHIP PROOF OF RESIDENCE OR OFFICE
INCOME TAX RETURN OF LAST 2 YEARS
BANK STATEMENT OF LAST 6 MONTHS
KYC OF ENTITY
PARTNERSHIP DEED / MOU
FOR SALARIED PROFESSIONALS
KYC - PAN CARD AND AADHAR CARD
OWNERSHIP PROOF
INCOME TAX RETURNS
BANK STATEMENT OF LAST 6 MONTHS
DEGREE CERTIFICATE AND CERTIFICATE OF REGISTRATION
Interest Rate
We offer interest rates as low as 9.5% per annum, going up to 12% per annum on MSME loans.
We Offer Finance Solutions For Everyone
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Testimonials
"As an actor venturing into production, I needed a trusted financial partner. Impetus not only provided me with the necessary funds but also offered terms that fit my income schedule. Their support has been invaluable in bringing my creative vision to life."
Actor Aman Verma
"Hospitality thrives on excellence, and Impetus helped us achieve just that. Their fast-track financing enabled us to refurbish our facilities and enhance the guest experience. We’re proud to have them as a partner in our journey."
Pride Hotel
"Expanding our travel business required significant upfront investment. Impetus understood our vision and supported us with a tailored loan solution. With their help, we’ve launched new packages and grown our client base significantly."
Bonton Holidays
"As a growing FMCG brand, timely funding is essential to keep up with demand. Impetus provided us with a quick and flexible loan solution that enabled us to scale production seamlessly. Their professionalism and efficiency have made them our go-to financial partner."
Pitambari
FAQs
- A business loan is a financial product designed to provide businesses with the capital they need to grow and expand. This can be used for various purposes, such as purchasing equipment, expanding operations, hiring staff, or managing cash flow.
Eligibility criteria vary depending on the lender, but generally, you’ll need to meet certain requirements, such as: * Being a registered business entity * Having a minimum turnover * Maintaining a good credit score * Providing necessary financial documents
Typically, you’ll need to provide the following documents: * Business registration documents * Financial statements (Profit and Loss account, Balance Sheet) * Income tax returns * GST returns * Bank statements * Proof of identity and address.
The processing time for a business loan can vary depending on several factors, including the lender, the loan amount, and the complexity of your application. However, many lenders aim to process applications quickly, often within a few business days.
Loan Terms and Conditions
- Interest rates for business loans can vary depending on several factors, including the lender, the loan amount, the loan tenure, and your creditworthiness. It’s best to check with the lender directly for the most accurate information. We offer interest rates as low as 9.5% per annum, going up to 12% per annum on MSME loans.
- Most business loans offer flexible repayment options, such as: * Equated Monthly Installments (EMIs): Fixed monthly payments that cover both the principal and interest. Overdraft Facility (OD): Interest is charged on a daily basis against the utilisation of funds.
Many lenders allow prepayment of loans, often with certain terms and conditions. You may be charged a prepayment fee.
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