SME Loan

Businesses – startup and MSME, require SME Funding from Banks – Funded (Business Loan, SME Loan, Startup Loan) or Non-Funded (LC, BG, Bill Discounting, etc). Financial Institutions offer SME Loan (even under certain SME Scheme ) for various business needs, as shown below:

Requirement
Type of SME Funding
Repayment Period
Moratorium
Repayment
Purchase of plant, machinery, equipment, etc
Term SME Loan or Business Loan from Bank / NBFC
Up to 12 years
Up to 6 months
Structured or EMI
Purchase of Inventory
WCTL from Bank / NBFC
Up to 3 years
Up to 3 months
EMI
Working Capital
CC or OD from Bank / NBFC
On demand; Renewed annually
Nil
Monthly Interest
Order-based short-term
Bridge Loan from NBFC
6 to 12 months
Up to 2 months
Structured
Import or inland procurement of goods with deferred payment
Inland or Foreign Letter of Credit (LC) from Bank
As per LC terms
NA
NA
Export or inland supply of goods with deferred payment
Bill Discounting / LC Discounting
NA
NA
Interest payment
Performance or Financial Guarantee
Bank Guarantee
NA
NA
NA
WCTL – WORKING CAPITAL TERM LOAN; CC – CASH CREDIT AGAINST CURRENT ASSETS; OD – OVERDRAFT AGAINST PROPERTY/CASH EQUIVALENT

For SME Loan between a certain Limit processed through our partner Banks and NBFCs, we offer up to 0.3% of the SME loan amount as Cashback.
To claim cashback, you need to submit proof of payment of your SME Loan EMI (or Interest in case of funded facilities or processing fees in case of only non-funded limit) on support@msmemitra.com within 15 days of payment. Cash-back will be credited to your account after due verification and confirmation from the Financial Institution.

Fill the following details to find out more, identify the best SME Loan option available and allow us to offer our assistance in securing funds through our network of Banks and NBFCs.

Business Size
Manufacturing (PPE)
Services (PPE)
Micro - Less than Rs 25 lac
Micro - Less than Rs 10 lac
Small - Between Rs 25 Lac - 5 Crores
Small - Between Rs 10 Lac - 2 Crores
Medium - Between Rs 5 - 10 Crores
Medium - Between Rs 2 - 5 Crores
Business Type
Industry
Loan Facilities required

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Textile
RANGE FOR ROI FOR LOANS THROUGH BANKS
Sr. No. Exposure (Loan Limit) Micro Small Medium
1 Upto 0.50 Lacs 8.60% to 10.00 % 8.60% to 10.00 % 8.60% to 10.00 %
2 Between 0.50 Lacs and 2.00 Lacs 9.60% to 10.50% 9.60% to 10.50% 9.60% to 10.50%
3 Between 2.00 Lacs and 10.00 Lacs 10.10% to 11.25% 10.10% to 11.25% 10.10% to 11.25%
4 Above 10.00 Lacs Low Risk 10.40% to 10.75% 10.40% to 10.75% 10.40% to 10.75%
Fair Risk 11.25% to 11.90% 11.25% to 11.90% 11.25% to 11.90%
High Risk 13.10% to 13.50% 13.10% to 13.50% 13.10% to 13.50%
RANGE FOR ROI FOR LOANS THROUGH NBFCS
Sr. No. Exposure (Loan Limit) Micro Small Medium
1 Any Exposure 13.50% to 21.00% 13.50% to 21.00% 13.50% to 21.00%
RANGE FOR FEES AND CHARGES FOR MSME LOANS THROUGH BANKS & NBFCs
Facility Sr. No. Exposure (Loan Limit) Processing Fees
Cash Credit 1 Upto 0.25 Lacs Nil to 2.00%
2 Between 0.25 Lacs and 50 Lacs 0.03% to 2.00%
3 Above 50.00 Lacs 0.04% to 2.00%
Term Loan 1 Upto 1 Lac Nil to 2.00%
2 Between 1 Lac and 5 Lacs 0.70% to 2.00%
3 Above 5 Lacs 1.23% to 2.00%
Facility Sr. No. Exposure (Loan Limit) Documentation Charges
Both Cash Credit and Term Loan 1 Upto 0.5 Lacs Nil to 1.00%
2 Between 0.5 Lacs and 2 Lacs 0.01% to 1.00%
3 Between 2 Lacs and 5 Lacs 0.01% to 1.00%
4 Between 5 Lacs and 20 Lacs 0.01% to 1.00%
5 Between 20 Lacs and 1 Crore 0.01% to 1.00%
6 Above 1 Crore 0.01% to 1.00%
Facility Sr. No. Exposure (Loan Limit) Inspection Charges
Both Cash Credit and Term Loan 1 Upto 2 Lacs Nil
2 Between 2 Lacs and 10 Lacs Rs. 500.00 to Rs. 1,500.00 per Quarter
3 Between 10 Lacs and 1 Crore Rs. 1,500.00 to Rs. 5,000.00 per Annum
4 Between 1 Crore and 5 Crore Rs. 4,000.00 to Rs. 10,000.00 per Quarter
5 Above 5 Crore Rs. 8,000.00 to Rs. 15,000.00 per Quarter

All the Scheduled Banks are mandated to process SME loans without collateral security and 3rd party guarantees to eligible businesses under CGTMSE, Mudra, Stand-up India, and other Schemes. However, interest in promoting these schemes is fairly low or non-existent amongst the Banks, particularly the Private Sector and Foreign Banks.

In addition to the above Fees and Charges

  1. Stamp Duty charges, as per the state governments laws applicable for Term Loan / Hypothecation Agreements, Guarantee Agreements Equitable / Registered Mortgage, and Intimation Charges may also apply.
  2. Fees and Charges, wherever appliable, to be paid as per Invoice to Empanelled (wherever applicable):
    • Valuers (for valuation of properties to be mortgaged / assets, once in 3 years or as and when applicable),
    • Lawyers (for Legal Search of properties to be mortgaged and Legal Audit of Loan Documents),
    • Auditors (for Audit of Stocks and Book Debts, once in 3 years or as and when applicable)

Office No. 606, Vindhya Commercial Premises,

Sector 11, CBD Belapur, Navi Mumbai.

support@msmemitra.com