How To Apply For An Msme Business Loan

You can apply for an MSME business loan either on creditMantri or on the official website of the bank. 

To Apply Through CreditMantri 

Step 1: Go to Business Loan Page

Step 2:  Choose the business loan that you want to apply from the pool of lenders. 

Step 3: Click on ‘Check Eligibility’

Step 4: Enter the required details such as email ID, mobile number, date of birth, residence pincode, business type, etc. 

Step 5: Follow the instructions and proceed towards completing the application

To Apply Via The Bank 

Step 1: Go to the official website of the bank from which you want to apply for the business loan

Step 2: If you are currently the customer of a bank, use your login credentials to log into the website. If you are not, then you can still apply for the MSME business loan by creating your account. 

Step 3: Fill all the required details such as personal information, income details, business details, and the requirements for the MSME business loans. 

Step 4: Follow the step by step instructions displayed on the screen. 

Step 5: Submit the loan application form online.

Step 6: Upload and submit all the mandatory documents together with personal, business, income proofs, and photographs. 

Step 7: Post submission of the documents, the bank’s loan executive will contact you to continue with the loan procedure. 

Step 8:  After verifying your documents and application form, the approval will be done for the MSME loans. 

Step 9: The funds will be disbursed to your business bank account within the specified working days.