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| Muthoot MSME Loans |
SME loan is a short-term loan provided by Muthoot Fincorp Limited against hypothecation of stock in trade or business assets like equipment.
This product shall be primarily utilized for meeting fund requirements for stock purchase, working capital requirements and business expansion. This product comes with benefit of repaying the loan in Equated Daily Installments/Equated Monthly Installments.
Schemes
- Loans range from 15,000 to 1,00,000 for EDI scheme
- EDI (Equated Daily Installments )
- Loans range from 1,00,000 to 3,00,000 for EMI scheme
- EMI (Equated Monthly Installments)
Benefits
- Loan against hypothecation of stock in trade or business asset.
- Loan can be utilised for:
- Meeting working capital requirement
- Stock purchases
- Meeting sudden spike in demand during festive season
- Business expansion
- Daily collection facility for EDI/NACH facility for EMI
- Door step collection - no need to come out of business hours
- Easy and fast disbursal
- No pre-closure charges
Documents
- KYC Address and ID Proff of both Applicant and Gurantor
- Business Proof
- Residence Ownership Proof
- 2 Security Cheques
- Bank Statement
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