Frequently Asked Questions
General FAQs
What is an MSME loan? +
An MSME loan is a business loan provided to micro, small, and medium enterprises to meet working capital or expansion needs.
Who can apply for an MSME loan? +
Business owners such as proprietors, partners, directors, and self-employed individuals running a registered business.
What types of loans does your company provide? +
MSME Loans: For working capital, expansion, machinery purchase, inventory, etc.
Retail Loans: Includes Personal Loans, Home Loans, LAP, and more.
Retail Loans: Includes Personal Loans, Home Loans, LAP, and more.
Do you provide loans online? +
Yes, you can apply online with mobile verification, OTP authentication, and document upload.
MSME Loan FAQs
What documents are required for MSME loans? +
● KYC (applicant & business)
● GST returns
● Bank statements (6–12 months)
● ITR (1–3 years)
● Business registration proof
● Financials (if required)
● GST returns
● Bank statements (6–12 months)
● ITR (1–3 years)
● Business registration proof
● Financials (if required)
Do I need collateral for an MSME loan? +
Many MSME loans are collateral-free. Secured loans may require property or asset collateral.
What is the interest rate for MSME loans? +
Typically 12%–24% p.a. depending on business profile and turnover.
What is the maximum loan amount I can get? +
Ranges from ₹50,000 to ₹500 crore depending on eligibility and lender.
What is the loan tenure? +
Typically 12 to 60 months for unsecured loans. Secured loans may go up to 10 years.
How long does loan approval take? +
24–72 hours for fintechs after document verification.
Can I apply for an MSME loan without GST? +
Yes, some lenders allow it but eligibility may be lower.
How is loan eligibility calculated? +
● Monthly turnover
● Profitability
● Business vintage
● CIBIL & credit history
● Existing obligations
● Profitability
● Business vintage
● CIBIL & credit history
● Existing obligations
How do I repay the MSME loan? +
Through EMI or auto-debit, depending on lender policy.
Can I foreclose the loan early? +
Yes, but foreclosure charges may apply.
Is CIBIL score required for MSME loans? +
Yes, usually 650+ required, but cashflow-based lenders may be flexible.
Retail Loan FAQs
Who is eligible for a personal loan? +
Salaried or self-employed individuals with minimum income and a stable credit profile.
What documents are required for personal loans? +
● PAN & Aadhaar
● Salary slips or bank statements
● Address proof
● Income proof (self-employed)
● Salary slips or bank statements
● Address proof
● Income proof (self-employed)
What is the interest rate? +
Usually 12%–30% p.a., depending on profile.
How much personal loan can I get? +
₹10,000 to ₹10 lakh depending on income.
What is the tenure for personal loans? +
6 months to 7 years.
Do I need collateral? +
No, personal loans are fully unsecured.
Can I foreclose early? +
Yes, subject to lender policy.
Home Loan FAQs
What is the maximum tenure for home loans? +
Up to 20–30 years depending on lender.
What are the documents required? +
● KYC
● Salary slips / bank statements
● Financials & ITR (self-employed)
● Property documents
● Salary slips / bank statements
● Financials & ITR (self-employed)
● Property documents
What is the processing time? +
3–10 working days after document submission.
Loan Against Property (LAP) FAQs
What properties can be mortgaged? +
Residential, commercial, and at times industrial properties.
What is the interest rate? +
Usually 10%–16% p.a.
How much loan can I get? +
Typically 50%–70% of property value.
General FAQs (Common)
How do I check my loan status? +
Via app dashboard or SMS/email updates.
How will I receive the loan amount? +
It will be credited directly to your bank account.
What if I miss an EMI? +
Late charges apply and credit score may drop.
Are there processing fees? +
Yes, usually 1%–4% depending on lender.
Is my data safe? +
Yes, lenders use encryption and secure verification processes.