As India is gearing up to race ahead in the industrial sector, MSME loans have grown in significance. This is as the loans can more than help in meeting the financial requirements of the medium sized companies helping them to grow and expand their business. As predicted by most financial and economic experts the lending business thus can see a growth of around 30-35% in the near future. There are many financial institutions mushrooming in a big manner to provide business loans helping the business houses meet their capital demands. The Shriram City union Finance is a leading player in the financial services segment with an excellent track record of serving their clients. They have a strong motivation that drives them to meet all the requirements of a small business house. A company that has a legacy of 45 years in the field of financial services with 947 branches all over the country is a best option to consider while going for a business loan. Their impeccable history of corporate governance made them see the kind of rise they are witnessing today. Their customised financial solutions are on offer for every kind of MSME from hoteliers and professionals like doctors and engineers to new age tech startups. Considering the dynamics of the MSME sector they tailor their eligibility requirements for faster processing and disbursal of the loans. Anyone, between the age of 23 to 65 with businesses having minimum annual turnover of 10 lakhs. Sole proprietorships or partnerships, limited and private companies with annual turnover of 20 lakhs or more can avail their offerings. With minimum documentation and lucrative interest rates starting at 15%, these loans are well in the reach of most people. Carrying a processing fee of only 2% and tenure of upto 5 years which one can close even after 6 months make them an option worth considering.
Thank you for sharing this information. MSME are a good bet but are still risky, small allocation can be made towards that.