Difficult times,
Simple solutions
No matter the dream, it shouldn’t be hampered by a pandemic. A medium and small business owner even in tiring times must be given the opportunity to succeed.
To aid the MSMEs sector during COVID-19 pandemic, the Emergency Credit Line Guarantee Scheme (ECLGS) was unveiled by the Finance Ministry this year.
Keeping the government’s vision in mind, we are extending pre-approved unsecured loans guaranteed under ECLGS to fund small and medium business owners who are eligible as per revised MSME definition to get loans to sustain their business.

- TOP FEATURES
- WHO CAN AVAIL THE LOAN
Loan Avail
- Credit would be up to 20% of your total outstanding credit up to Rs. 25 crore, excluding off-balance sheet and non-fund-based exposures, as on 29th February, 2020, subject to the borrower meeting all the eligibility criteria
- The maximum loan amount extended will be Rs. 5 crore.
Repayment Tenure
- 4 years tenor with moratorium of 12 months on Principal repayment
- In moratorium of 12 months your needs to serve interest
- Post completion of moratorium, EMI repayment will start and will be amortised in remaining 36 months
Interest Rates
Competitive interest rates for both Floating and Semi-Fixed interest rate loans which are fixed for the first three years
- All MSME borrower accounts with combined outstanding loans across all MLIs of up to Rs. 25 crore as on 29.2.2020, and annual turnover of up to Rs. 100 crore in FY 2019-20
- Loans provided to Business Enterprises / MSMEs constituted as Proprietorship, Partnership, registered company, trusts and Limited Liability Partnerships (LLPs) shall be eligible under the Scheme.
- Borrower accounts should be classified as regular, SMA-0 or SMA-1 as on 29.2.2020. Accounts classified as NPA or SMA-2 as on 29.2.2020 will not be eligible under the Scheme.
- You must be GST registered in all cases where such registration is mandatory
Apply Now !
SCHEME AVAILABILITY
This scheme is valid till 30th November 2020 or Rs. 3 lakh crore is utilised by
lending institutions, whichever is earlier or during any extension
announced by the government in future.
Revised MSME Classification
Composite Criteria: Investment and Annual Turnover
Classification
Micro
Small
Medium
Manufacturing & Services
Investment
Rs. 1 crore
Turnover
Rs. 5 crore
Investment
Rs. 10 crore
Turnover
Rs. 50 crore
Investment
Rs. 50 crore
Turnover
Rs. 250 crore

THE ADVANTAGE
- No processing fees
- No pre-payment charges
- No guarantee fee payable to credit guarantee trust
- Credit under GECL would be up to 20% of your total outstanding credit up to Rs. 25 crores.
OUR SIMPLE 5 STEP LOAN PROCESS
A seamless experience for you through our seamless loan process
Step 1
Our representatives will help you fill the application form
Step 2
They will collect your documents at your doorstep
Step 4
Loan agreement will be executed with a disbursal request
Step 3
After speedy verification, expect a sanction letter
Step 5
Loan amount will be credit to your bank account
CHECK YOUR ELIGIBILITY
NOW
Loan
Calculator
Calculator
EMI
Calculator
Calculator
Document
Checklist
Checklist
Fees &
Charges
Charges
CHECK YOUR ELIGIBILITY NOW
Loan
Calculator
Calculator
EMI
Calculator
Calculator
Document
Checklist
Checklist
Fees &
Charges
Charges
OUR SIMPLE 5 STEP LOAN PROCESS
A seamless experience for you through our seamless loan process
Step 1
Our representatives will help you fill the application form
Step 2
They will collect your documents at your doorstep
Step 3
After speedy verification, expect a sanction letter
Step 4
Loan agreement will be executed with a disbursal request
Step 5
Loan amount will be credit to your bank account
NOW APPLYING FOR ECLGS IS JUST A CLICK AWAY
