Micro Enterprise Loan
Micro Enterprise Loan (MEL) offers low income and poor entrepreneurs an opportunity to borrow funds for financing of their working capital needs as well as finance business expansion in a hassle-free manner.
Purpose of loan
- Financing daily business activity / working capital needs.
- Funding purchase of fixed assets / machinery / equipment.
Equal Monthly Installments
35% p.a. declining balance method
|Loan Amount||Up to Rs. 150,000/-|
|Collateral||Third Party Guarantee|
|Fee & Charges||As per Bank’s SOC|