Moneyplus Secured Enterprise Loan is to serve small businesses, self-employed segment like traders, retailers, small manufacturers & services providers who require higher capital to improve their operational & working capital capacities.
Who can avail
Moneyplus Secured Enterprise Loan is for Small retailers, traders, manufacturers & service providers
Rs. 1,50,000 to Rs 15,00,000.
12 months to 36 months
Purpose of the Loan
To enable businesses to improve their operational & working capital capacities.
To be secured against receivable, investments, inventory, property, personal assets and machinery.
22% – 26% per annum
Prerequisites and Process
Annual sale should be atleast Rs 12 lakh in case of trading entity.
Loan must be secured against Property, personal assets. End use of loan should be only for Business purpose.
Client’s bank statement analysis of previous 2 years will be done to ascertain creditworthiness.
Reputation Survey of the client will be conducted in his area to have an idea about the general conduct for payment of loans.
Loan Repayment needs to be done on Montly Basis thru EMI.
Regular cash flows would be ascertained by on site team to ensure timely repayment.
1 Photograph each of Applicant and Co-Applicant.
Income Details: IT returns, Balance sheet & P/L account statement for the last 2 years with Annexure, Form 16 A/Cash Flow report from the onsite team.
Bank account statements for the last 6 months.
KYC documents of applicant as well as co-applicant.