services

Emergency MSME Loan
from RBI approved NBFC*

Key Highlights

  •    Interest rate, as low as 16 % p.a at reducing balance.
  •    Processing fee as low as 2% of the loan amount.
  •    Maximum loan amount up to Rs 1 lakh.
  • ✓   The maximum tenure of the loan disbursed is 15 months.

*deAsra Foundation is not providing the loan. deAsra is only assisting the RBI approved Financial Institutions to identify the eligible MSME borrowers. We are providing technical assistance to the Financial Institutions and the borrowers in easy repayment of the loan.

List of documents

All about Emergency MSME Loan Scheme!
Watch our Experts.

Want to help small and local businesses?

These are trying times for small and local business owners.
If you wish to lend money and support to them, please mail us at wecare@deAsra.co.in

Fill Details

* Fields are mandatory.
  • About Yourself

  • Your age
  • About Your Business

  • The Year you started the business.
    (Your business must be at least a year old. Documents like shop act, VAT, GST certificate etc are proof of business age.)
  • Do you have business address proof of the current location?
    (For eg: Light bill, MTNL/BSNL phone bill, GST certificate, Shop & Establishment, VAT, Rent Agreement or Property TAX receipt)
  • About Your Fund Needs

  • What is the required Loan Amount?
  • Can you provide a Co-borrower?
  • About Your Business Banking

  • Can you provide the Bank Statement of your business transactions?
  • Do you have any of the following set up, like NEFT/ RTGS/ UPI/ NACH?
    (UPI such as; Google Pay, BHIM, Paytm, etc.)

Setps to get Emergency MSME Loan approval

Check your eligibility

Apply for the best fitment

Submit documents

Get connected to the Financial Institution

Get the loan sanctioned

Got questions?
Get answers about the Emergency MSME Loan.
SCHEME DETAILS

PURPOSE

For the working capital needs of the business.

ELIGIBLE ENTITIES

Individuals/Proprietors, Partnership Firms, LLP and Private Limited Companies.

SECURITY

In case of secured / nsecured loan :-  minimum requirement is that of a co-borrower. (i.e An immediate family member residing in the same residence such as Spouse/Son/Father/Mother).

REPAYMENT PERIOD

The maximum repayment period (tenure of the loan) will be from 12 to 15 months.

REPAYMENT SCHEDULE

Equated Weekly Installments or Equated Monthly Installments

deAsra services for Managing & Starting

Small Businesses Supported

₹ 0 cr

Loan Amount Facilitated

70+

Free Online Business Guides

FAQs for Emergency MSME Loan

Under the emergency loan scheme, interest is calculated on the reducing balance basis.

Usually, the FIs give the initial 1 to 3 months as the moratorium period after disbursing the loan amount. 

 It entirely depends on the FIs who will be providing the loan. But yes, there can be delayed or default EMI/EWI charges.

The payment of EWIs/EMIs should be made through UPI, NEFT/RTGS, NACH.

Currently, Financial Institutions are considering the loan requests for existing businesses with a minimum of 12 months operational period. As these loans are unsecured, a thorough check of business track record is done, due to which new businesses or startups are not eligible for this loan.

Yes, the CIBIL score is an important factor. Financial Institutions check the credit history of the borrower and assess the business on different factors such as past loan track record, repayment history, etc. and come up with their individual assessment results.

Yes, a business having entity-specific documentation in place, such as partnership deed, MOA, AOA are eligible for this loan.

The lowest rate of interest charged for this Emergency Loan is 16 % p.a. However, it may depend on the scheme your business is eligible for.

Our partners in the journey

deAsra is associated with many organizations in the mission of promoting mass entrepreneurship.These organizations include funding partners, service partners, like-minded NGO’s and CSR’s workingtowards generating jobs through entrepreneurship, and entrepreneur clubs