Getting a loan for SME from Capri Loans is just a matter of 5 simple steps.
Step 1 – Fill up the MSME business loan application form
Step 2 – Our representative will collect the signed form and other documents required for MSME loan from your doorstep
Step 3 – Verification will happen regarding the application and your eligibility leading to a sanction letter
Step 4 – Upon successful completion of the step, an MSME loan agreement will be executed with a disbursal request
Step 5 – The MSME loan amount will be credit to your bank account
To get a small business loan, you need to be an Indian citizen aged between 21 and 65 years. You must own some type of residential, commercial, or industrial property to use as collateral in lieu of the loan. The SME loan eligibility is also dependent on your credit score, annual income, yearly expenses, and any other outstanding loans. It is advised to consult a Capri Loan executive to understand your eligibility before applying
Although a credit card is not necessary for getting an MSME loan, it helps in building a healthy credit score. Your credit report is one of the key determinants of your eligibility, the loan amount, and the MSME loan interest rate that you will eventually receive.
The interest rate for an MSME loan varies depending on factors like the lender, loan amount, borrower's creditworthiness, and prevailing market conditions. To know the actual MSME loan interest rate that you can expect and other related information, kindly contact our customer support team who will be glad to assist you with any inquiries regarding the topic.
Yes, you can get an MSME loan for purchase of new equipment and machinery that is pertinent to your business. With minimal documentation and quick disbursal of loans, you can boost your business growth through our products.
Yes, indeed. Whether you are starting a new business or expanding your existing one, Capri MSME Loans will help you secure the capital to meet your new and/ or growing business needs.