Kare Financial Services offers tailored MSME loans designed to address the financial requirements of small and medium-sized businesses (SMBs). This sector plays a pivotal role in job creation with minimal capital investment, contributing significantly to the industrialization of rural and underdeveloped regions. MSMEs are vital for national progress, boosting domestic production, increasing export earnings, and showcasing operational flexibility. With Kare Financial Services, SMBs in Bangalore can access affordable and scalable MSME finances, backed by extensive experience in the financial sector.
We provide a comprehensive range of products catering to the diverse needs of our MSME clientele across manufacturing, services, and trading sectors.
Small and Medium Enterprise (SME) Business Loans :
At Kare Financial Services, obtaining MSME/SME loans is straightforward and hassle-free. Our MSME/SME Business Loan is designed to cater to the evolving financial needs of growing businesses efficiently. With loan amounts of up to Rs. 30 lakh, a specialized Flexi loan facility, and approval within 24 hours, our offering ensures hassle-free financing for your business ventures.
MSME loans are commonly utilized by customers to bolster their working capital and expand their operations. These loans typically do not require collateral, offering an attractive option for new businesses seeking unsecured financing.
Loan Purpose :
Our SME Loan serves as a versatile credit line addressing the financing requirements of small businesses, serving as both working capital and long-term investment. It's approved following thorough market analysis, consideration of cyclical patterns, cash flow projections, and peak-time criteria.
Eligibility :
Available to all Small and Medium Enterprises, including Micro Enterprises, and other entities as defined by the MSME Act, 2006, with specified sales turnover criteria. Turnover requirements may vary among different lenders.
Security :
While collateral/security may be required, including hypothecation of company assets, personal guarantees from promoters, directors, and partners might also be necessary. In some cases, a third-party guarantee may be requested for loans above a certain threshold.
Features of SME Loans :
- Flexible repayment options like Post-Dated Cheques or Electronic Clearing Services (ECS)
- Tenure flexibility ranging from 12 to 48 months
- Competitive interest rates based on the borrower's creditworthiness
- Streamlined documentation
- Quick processing
- Multiple repayment options
EMI on SME Loans :
EMIs divide the debt into manageable monthly installments, covering both principal and accrued interest. Lenders offering flexible EMI schedules allow borrowers to choose between faster debt repayment or smaller monthly payments. Refinancing options with auto-renewal for existing loan facilities are also available.
Interest Rates :
Interest rates are determined by various factors including credit background, company's credit history, existing loans/EMIs, and financial capacity. For the latest interest rates, it's advisable to directly contact the lender. With Kare Financial Services, SMBs can access tailored MSME financing solutions designed to foster growth and sustainability in the dynamic business landscape of Bangalore.
