MSME Loan
Kickstart your new venture with our MSME loan
Our MSME loans are bespoke for aspiring and upcoming entrepreneurs.
We are happy to extend our finest services to MSMEs and aspiring entrepreneurs with its tailor made packages for your needs – be it for working capital, fixed asset purchase or both.
Our Offerings
To be with you at the cornerstone of development of MSME segment, we extend our product offerings to fulfil your needs:
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For CAPEX / working capital expenses -
Renovation / extension of house/shop
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Debt consolidation
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Business expansion
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Balance transfer from other NBFC’s to reduce interest / EMI burden
Trader’s Loan
Short Term Trader’s Loan
We understand the requirement of small trading businesses and your struggle to meet daily working capital requirements. Your business model may need a lump sum amount in advance and swift & timely availability of such funds will be at the crux of deciding your success. Indel Money offers 100 day’s trader’s loan to small business units for meeting your much-needed foothold to leap forward.
You can choose between daily or weekly repayment options based on your trade model and purpose. The loan can be availed in a 24-hour TAT.
Business Loans
Structured Business Loans
The key success factor of every MSME sector enterprise is ready availability of credit to facilitate working capital or fixed asset purchase requirements. Our business loans offer cash flow based structured finance to small business units and new additional business expansion plans after analysing your deployment plan, repayment capacity and structuring repayment based on your cash flow model.
Our loan plans come with Equated Monthly Instalments based repayment schedules. The structuring options are done for fixed period principal moratoriums based on the deployment plan of the loans.
Loans Against Property
Loans against property
We understand the long-term financial needs of the small business units. Our long-term business loan options enables your access to high value loans by encashing the power of your property assets. Then you property becomes a tool for you to raise quick and easy long term funds to make use in leaping forward in your business. Indel Money offers various schemes and flexible structures from which you can opt based on your investment plans.
We understand the long-term financial needs of the small business units. Our long-term business loan options enable your access to high-value loans by encashing the power of your property assets. Then your property becomes a tool for you to raise quick and easy long-term funds to make use in leaping forward in your business. Indel Money offers various schemes and flexible structures from which you can opt based on your investment plans.
Why MSME loans through Indel Money
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Collateral based and non-collateral based structured loans.
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Minimum documentation – for customers with high cash flows but low or nil income proof and inadequate banking documents.
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Income Tax Returns not mandatory.
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Income assessed through direct visits and real time analysis
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Add on services including wide range of loan schemes from Indel Money at privileged rates to ongoing MSME clients.
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Complete transparency and zero hidden charges.
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Maximum funding up to 60% on the collateral for secured loans
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Maximum FOIR of 60%.
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Financial inclusion efforts through repayment and / or disbursements via banking channels.
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Various market linking programs associated to give income generation opportunities by giving supplier / customer links in MSME customer data base.
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Supply chain finance options.
Who do we serve
Manufacturing Enterprises
Enterprises engaged in the manufacture, production, processing, preservation or packaging of goods with investment (original cost) in plant & machinery.
Small Traders
Enterprises engaged in small trading activities including small provision stores, medical stores, kirana stores, diary farms, poultries, textile shops, farm product trading/retailers & wholesalers, automobile workshops, service centres etc.
Service Enterprises
Enterprises involved in providing or rendering of services with investments (original cost) in equipment excluding land, building, furniture and fittings not directly related to services rendered.
MSME Presence – Driving the Economy
In India, the Micro, Small & Medium Enterprises (MSMEs) have been a major engine of economic growth, employment and for promoting equitable development. The major advantage of this sector for India is its high employment potential at low capital cost and opportunities for growth. The labour intensity of the MSME sector is much higher than that of the large enterprises which are part of the organized sector. Helping MSME to grow means that more and more labour is entered into the organized sector.
MSMEs influence our economy in almost all the major sectors of the Indian industry such as:
Food processing
Agricultural inputs
Chemicals & pharmaceuticals
Chemicals & pharmaceuticals
Meat products
Bioengineering
Sports goods
Plastics products
Computer software, etc.
Electro-medical equipment
Textiles and garments
Leather and leather goods
Grow with MSME loan
We at Indel Money understand the necessity for growth of small business units and their productive impact on the economy. We are committed to providing requisite timely financial assistance to the sector through our MSME product suits.
Indel Money believes in market linkage and provide ‘Go to Market Initiative’ application services to get connected with the suppliers, retailers, buyers and sellers for their products.
The major hurdle faced by the sector to progress and survive is inadequate working capital. Less than optimum book of accounts and banking habits also makes it difficult to access financial support. Indel Money analyses the cash flow through spending time and understanding individual business dynamics and guides you to properly deploy funds in income generating activities.
Our dedicated officers are well equipped to understand the business cash flows through real time personal discussions and market reference. Any entrepreneur intending to expand to another unit or to add a new line of business can avail our expertise services including straight term loans, structured moratorium based loans, short term daily collection loans, supply chain financing, high value loan against property and more.
Frequently Asked Questions
An acronym for Micro, Small and Medium Enterprise loan, an MSME loan is the fund or amount that you may require for your business to grow. It is an unsecured loan that most financial institutes generally offer. But as a business owner, you need to meet certain eligibility criteria defined by the Indian Government and RBI. It is a loan that supports these enterprises in terms of finance, infrastructure, and other areas.
The application process for MSME loan at Indel Money is quite simple, secure and speedy. You need to provide valid personal and business information details in the application form and give it for evaluation. If approved, then you can avail the loan within 2 days.
Every financial institute has set particular eligibility criteria for acquiring MSME loan from them. Some common criteria include:
You should be a citizen of India
You should be between 25-55 years of age
Your business should have an experience of at least 3 years
You should have filed income tax returns for at least the past year for your business
You should have the past year’s turnover of your business audited by a CA
You must have a good credit score of above 650 to get your loan approved
Along with a duly filled application form, you would require an attested copy of any of these:
Passport, driving license, PAN card number, Voter’s identity card, Aadhar Card, Driving License, Identity Card issued by Employer (if employed in State /Central Government), as identity proof.
Passport, Bank Account Statement, Voter Identity Card, Current Telephone /Electricity Bill, Aadhar Card, Driving License as residential proof.
PAN Card, Driving License, Aadhar Card, Passport, Banker’s Verification as signature proof.
Current Telephone / Electricity Bill, Shop & Establishment Act Certificate, GST / VAT Certificate as proof of office.
Bank statement of the previous year
Proof of your business registration
An attested PAN Card Copy and that of your partner (if any)
Attested copy of your Aadhar Card and that of your partner (if any)
Partnership deed copy (in case of any partnership)
P & L and balance sheet copy of last 2 years
Sales tax documents
Municipal tax document
The MSME loan interest rate ranges between 10-15 percent. However, it depends upon the lender to lender and is majorly based on your business profile.
The advantages of MSME registration include:
No requirement of collateral or security.
Get 50% subsidy in patent registration and the same in trademark registration
When registered as MSME, your business can enjoy a lot of subsidies whenever you wish for equipment improvement.
Get concessions on electricity bills when registered as MSME.
With Indel Money, you can avail MSME loans ranging from Rs. 25,000/ to Rs. 20,00,000 lakhs. We can structure your loan requirement as your particular needs, cash flows, and your specific collateral.
You are required to pay a minimum processing fee (non-refundable) of Rs. 7500/ plus the applicable taxes when applying for MSME loan at Indel Money. You are charged 1% of the loan amount with us before the loan is disbursed.
For an MSME loan of up to Rs. 2 lakhs, no collateral security is required and the loan is entirely covered under CGTMSE. If you have a good track record and financial position, Indel Money can require collateral security / third party guarantee and allow loans up to Rs. 20 lakhs with the approval of the appropriate authority.
Proof of Identity (self-attested copy of anyone): Valid Passport, PAN Card, Voter Identity Card, Aadhar Card, Driving License, Identity Card issued by Employer (if employed in State /Central Government).
Proof of Residence (self-attested copy of anyone): Ration Card, Passport, Bank Account Statement, Voter Identity Card, Current Telephone /Electricity Bill, Aadhar Card, Driving License.
Proof of Signature (self-attested copy of anyone): PAN Card, Driving License, Aadhar Card, Passport, Banker’s Verification.
Proof of Office (self-attested copy of anyone): Current Telephone / Electricity Bill, Shop & Establishment Act Certificate, GST / VAT Certificate.
*PAN Card is mandatory
A minimum processing fee of Rs. 7500/- plus applicable taxes is payable at the time of making loan application. The same is non-refundable. A total processing fee of 1% of loan amount or such fee as intimated by Indel Money is payable before loan is disbursed.
There are no additional charges payable towards loan sanction other than processing fee. Details of all the applicable charges are a part of the annexure which shall be provided at the time of loan application.
Processing fee shall be issued by way of a crossed A/c payee cheque in favour of “Indel Money Private Limited.” We do not accept any other payments in cash or kind.
List of documents shall be a part of the annexure which shall be provided at the time of loan application. Clarifications if any shall be provided by our representatives.
All owners of the property offered as collateral must be co-applicants to the loan. However, all co-applicants need not be co-owners in the property. Co-applicants are generally immediate family members. However, same would be as per applicable policies of the company.
The property must be insured. It is in your best interest that the property is insured against fire and other appropriate hazards during the pendency of the loan and you should produce evidence there of to Indel Money.
Repayment will not ordinarily extend beyond 60 years of age at the time of loan maturity or at your age of retirement (if you are salaried) or on your reaching 65 years of age in case you are self-employed. However, company shall endeavour to determine the repayment period to suit your convenience.
Yes, you can repay your loan ahead of schedule by making part or full pre-payment subject to applicable charges which shall be a part of the annexure provided at the time of loan application. We also offer a facility to accelerate the repayment of the loan before expiry of loan tenor by increasing the EMI.
You shall receive intimation from our representative giving details of the sanction along with a sanction letter which needs to be accepted by you and a copy of which needs to be returned back to us for further processing.
Yes, these policies will be reviewed periodically.
3 months to 7 years. We understand the cash flow viability and hence may extend the tenor based on case to case requirements.
The interest rate is fixed.
You can repay through post-dated cheques, NACH facility, electronic clearance service (ECS) or direct debit. For daily collection schemes, you can pay daily at any of our branches.
To avail the business loan, simply apply online or call 1800 4253 990. You could also e-mail us at care@indelmoney.com or visit any of our branches.
No, all Indel Money branches are equipped to handle all your MSME finance requirements. However, we have specific retail asset HUBs in all major towns where we are present, which are dedicated to service the branches and customers for MSME.
The upper limit for the loan amount is Rs. 20,00,000 per borrower in MSME units.
Primary security with respect to a MSME loan shall be the assets created out of the credit facility so extended and/or existing unencumbered assets which are directly associated with the project or business for which the credit facility has been extended. Such property shall be the collateral for ‘loan against property’ structure.
