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Digital MSME Loan: icon

Our MSME Loans are designed to be flexible and customisable, so you can get the quick funding required to grow your business. Whether you're new to business, experiencing a slowdown, or need funds for any other purpose, our tailor-made Business Loan / EDI Loan products can help you get the money when you need it the most through our anchor partnership program along with flexible repayment options. The products are designed prominently keeping in mind the nuances of MSME segment and should:

  • Support Trade Credit working capital requirements of Micro, Small and Medium Enterprises (MSME).
  • Provide an alternative product for secured facilities extended by Banks /NBFCs in the form of Business Loan, EDI etc.
Eligibility Criteria and Documents Required:
  • Indian Resident 21-60 years of age
  • PAN Card Holder
  • Business Profile - Proprietorship Firm
  • Aadhaar Card Holder
  • Bank Statement
Product Features:
  • Short Term Working Capital Loan
  • Tranche Based Repayment
  • Easy Digital Onboarding
  • Quick Approval
  • Self Service or Assist Modes
Eligibility Criteria and Documents Required:
  • Indian Resident 21-60 years of age
  • PAN Card Holder
  • Business Profile - Proprietorship Firm
  • Aadhaar Card Holder
  • Bank Statement
Product Features:
  • Short Term Daily Repayment Loan
  • Easy Digital Onboarding
  • Quick Approval
  • Self Service or Assist Modes
  • Digital Loan Documentation / E-Sign

Business Loan

MSME Loans Ranging From INR 15,000 to INR 5,00,000
Rate of Interest 16% - 21% per annum (reducing balance interest rate)
Tenure 12 Months
Documents Required PAN, Address Proof (aadhaar / driving license), Bank Statements, Business Registration proof
Processing Fee 2%
For Example
Product Business Loan - Revolving Credit
Loan Amount ₹ 1,00,000
Loan Tenure 12 months
Tranche Tenure 30 Days
Interest Charged ₹ 1500 (18% per annum)
Processing Fee (One Time Charge) 2180 (2% of Loan Amount- 2000 + GST @18%= 180)
Amount Disturbed ₹ 1,00,000
Tranche Payment (On 30th Day) 101500/-*
APR* 23.81%
Revolving Credit Product A Revolving Facility allows a borrower to take multiple drawdowns up to a maximum of approved credit limit and the withdrawable limit is subject to repayment of tranches on or before defined due dates.

*The annual interest rates will vary as per the risk profile of the customers.

*For all / cohort of customers a verification of business premises can be done through MFL or through authorized agency

*Interest is calculated considering complete limit utilization and rounding off is done for ease in calculation.

EDI Loans

MSME Loans Ranging From INR 25,000 to INR 5,00,000
Rate of Interest 16% - 21% per annum (reducing balance interest rate)
Tenure 12 Months
Documents Required PAN, Address Proof (aadhaar / driving license), Bank Statements, Business Registration proof
Processing Fee 2%
For Example
Product EDI- Term Loan
Loan Amount ₹ 90,000
Loan Tenure 12 months
EDI Tranche Tenure 90 Days
Interest Charged ₹ 2047.09 (18% per annum for 1 tranche of 90 days)
Processing Fee (One Time Charge) 1980 (2% of Loan Amount- 1800 + GST @18%= 180)
Amount Disturbed ₹ 90,000
Daily Tranche Payment for 90 Days 1000/- + Daily Interest
EDI Term Loan Product EDI is a Daily installment loan where a borrower makes daily payments towards their loan. Daily repayments are added back to the available limit and merchants may draw down another tranche when required from the limit available to them and the entire outstanding facility will be remapped for sanctioned tranche days.

*The annual interest rates will vary as per the risk profile of the customers.

*For all / cohort of customers a verification of business premises can be done through MFL or through authorised agency

Digital Lending Platform

Lending Service Providers

Personal Loan Lender

Grievance redressal mechanism

Customers who wish to provide feedback or send in their complaint may use the following channels between 09:00 am and 6:00 pm, on Monday to Saturday (except on national holidays).

Internal Machinery to handle the customer complaints.

In case the complaint is not resolved within the given time or if he/she is not satisfied with the solution provided by MCSL, the customer can approach the Grievance Officer:

Name: Ms. Julia Mathew

Email: julia.mathew@muthoot.com

Contact: 0471- 4911626

Ombudsman: io@muthoot.com

*Contact between 09.00 am to 6.00 pm (Monday to Saturday except on National Holidays)

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