MEKOLIN VINIMAY

MSME Business Loan

MSME business loans allow your business the chance to grow and give it the competitive edge it needs to succeed in the modern world. For quick funds for business expansion, MEKOLIN VINIMAY offers small-size business loans up to Rs. 20 lakhs with repayment terms of up to 7 years. So, if you require financial aid for your business, you've come to the right place. Apply for a MSME business loan online now!

MSME Business Loan

  • Loan against built up Self Occupied, residential and commercial properties.
  • Loan for Self Employed borrowers (Exclusive Loans for Shopkeepers)
  • Loan amount from 2 to 20 Lacs.
  • Tenure up to 8 years.
  • Borrower should have a bank account.
  • Customer should be more than 25 years of age and not more than 65 years at the time of loan maturity.
  • Should be residing in a city where MEKOLIN VINIMAY has an office.
  • Guarantor not mandatory.
  • All the owners of the financed property and all individuals whose income has been considered for the loan have to be the co-applicants to the loan.
  • Loans can be taken for the following end uses :
    1. Buying New Stock
    2. Working capital for existing business
    3. Buy new property, which is to be used for business
      • Renovation of Existing shop
      • Buying machinery for business
      • Balance transfer of existing Business Loan
Quick Links

Features and Benefits

  • MSME Business Loan amount from 2 lakhs to 20 lakhs.
  • Tenure from 2 years to 7 years.
  • Loan against no registered property
  • Easy process and Approvals
  • Short amount of loan with competitive rates
  • Can be used for areas where no registered document is available
  • Provide Money for running small businesses

Faq's

MSME Business Loan are a sort of loan for self-employed borrowers secured by built-up Self Occupied, residential, and commercial properties. This product fits your short-term business requirements. 
You can borrow between 2 and 20 lakhs for a small-ticket business loan, depending on the lender's requirements, your credit score, and your income.
There are 2 types of Small Ticket Business Loans available: Prime & Non-Prime.
The approval process for a business loan can take anywhere from a few days to a few weeks, depending on the lender and the type of loan (Prime/Non-Prime) you are applying for. 
Yes, it is possible to refinance your MSME Business Loan, which means taking out a new loan from MEKOLIN VINIMAY to pay off your existing loan.