MSME Loans

Anyone who comes under the classification of Micro, Small and Medium Enterprises can avail the MSME loans online.

MSME Loans from IFFCO Kisan Finance are available to a wide range of applicants, including Individuals, Proprietorships, Partnership Firms, and Companies.

• Salaried Individuals: Eligible for loans for the purchase, construction, or renovation of their own house.

• Self-Employed Professionals: This includes individuals holding professional degrees such as practicing Doctors, Chartered Accountants (CA), Company Secretaries (CS), and Architects. They can avail loans for business expansion, working capital needs, and other ad hoc business requirements.

• Self-Employed Non-Professionals: Entities such as manufacturing units, wholesale businesses, retail businesses, and service providers are eligible for loans for business expansion, working capital, and other business-related financial needs.

The typical documents needed for MSME loans for business would include

• Identity and address proof: This is a requirement mandated by RBI. You should have KYC documents such as Aadhaar, PAN card, and Voter ID.

• Proof of business: Udyam registration, GST certificate, trade licenses, or any other relevant business registration documents.

• Financial Documents: These include bank statements, income tax returns, and balance sheets.

• Property documents: If applicable, you may also submit the documents related to residential or commercial property.

The process involved in applying for MSME loans from IFFCO Kisan Finance is extremely simple and easy. We offer the best ways for MSME loan applications online.

Follow the lead process here to apply for MSME loan online:

• Visit the official IFFCO Kisan Finance website.

• Click on Apply Now button

• Enter your mobile number and complete mobile number verification.

• Enter your business details

• Provide your loan requirements

• Click on Submit

The representatives from the IFFCO Kisan Finance team will analyse the details and call you for providing the details. You should also upload the necessary documents as well.

The loan amount and repayment schedule are dependent on multiple factors. The amount of loan will be determined by the eligibility conditions set forth by MSME. Our team will take a call on the individual cases based on the relevant eligibility conditions.

The loan tenure ranges between 2 to 12 years. You will also get flexible repayment options. The repayment schedule is arrived at based on the loan amount and the repayment capacity of the borrower.

Yes. They are special and tailored for women entrepreneurs. IFFCO Kisan Finance offers special packages to meet your specific needs.

IFFCO Kisan Finance offers plenty of options for the MSME loans repayment. You can repay your loans using account transfers, cash payments at our local offices, UPI transfers and other digital payment modes.