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.
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
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
Get answers about the Emergency MSME Loan.
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
Loan Amount Facilitated
Free Online Business Guides
Funding for Small Businesses (Series)
FAQs for Emergency MSME Loan
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Under the emergency loan scheme, interest is calculated on the reducing balance basis.
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Usually, the FIs give the initial 1 to 3 months as the moratorium period after disbursing the loan amount.
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It entirely depends on the FIs who will be providing the loan. But yes, there can be delayed or default EMI/EWI charges.
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The payment of EWIs/EMIs should be made through UPI, NEFT/RTGS, NACH.
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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.
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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.
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Yes, a business having entity-specific documentation in place, such as partnership deed, MOA, AOA are eligible for this loan.
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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
