- Key Benefits
- Interest Rates
- Calculators
- Documents Required
- FAQs
Running an MSME means juggling several responsibilities. We get it! That’s why our custom Business Loans for MSMEs are designed to support your growth with easy loan solutions.
- Key Benefits
- Design Your EMI
- BizRewards
- Grow with Nirmaan
- Flexi Funds
Godrej Capital's tailored business loans for MSMEs offer flexibility, ease, and rewards allowing you to focus on your business growth.
- Quick and hassle-free loan approval process
- Zero collateral loans
- Avail loan amount of up to INR 50 Lakhs
- One loan for all your business requirements
- Flexible repayment plans tailored to your business needs
- Loan repayment tenure of up to 5 Years
- Competitive interest rates starting at 17% p.a.
- Earn rewards for timely loan repayments
*T&C Apply
Godrej Capital offers MSMEs with customised loan repayment plans, helping businesses with cash flow requirement, ensuring a smoother business functionality.
- Flexible EMI repayment with our "Design your EMI" program
- Pay only interest for selected years
*T&C Apply
Godrej Capital's BizRewards offers exciting rewards to MSME owners on timely repayment of Business Loans.
- Earn reward vouchers for timely loan repayments
- Get vouchers for lifestyle, wellness, fashion, travel, and more
*T&C Apply
Godrej Nirmaan offers MSMEs comprehensive support, business expansion, smooth operations, and upskilling, tailored to your needs.
- Exclusive partner offerings
- Savings of up to INR 50,000
- Zero registration fees
*T&C Apply
Our Partners
MSMEs can avail Flexi Funds on Business Loans and pay interest on only the amount used, improving the cash flow of the business.
- Loan repayment tenure of up to 5 years
- Loan amount up to INR 50 lakhs
- Competitive interest rates offered
- Pay interest only on the utilized amount
- Flexible fund usage for business purposes
- Choose from different loan variants
| Hybrid Dropline | Monthly Dropline |
| The withdrawal limit will remain fixed for the first two years and reduced every month for the remaining tenure. | The withdrawal limit will be reduced every month equally throughout the loan tenure. |
*T&C Apply
Low Interest Rates
Scale your business without any burden – our competitive interest rates ensure affordability meets opportunity.
*T&C Apply
- Emi Amount
- Loan Eligibility
Loan Tenure
Your Monthly EMI
₹
For the year at the % of interest rate
Total Interest Payable
₹
Total Payment (Interest + Principal)
₹
Loan Tenure
Your Home Loan EMI Will Be
₹
Your Home Loan Eligibility
₹
Important documents required for Business Loan for MSMEs
- Self-Employed
Documents Required
| KYC Documents | PAN Card of the company |
Business Registration Certificate |
|
| Income Documents | Financial statement of the last 6 months of the company |
Income Tax Returns (YTD starting from 1st April of the ongoing financial year) |
|
Proof of business continuity for a minimum of 3 years |
*Refer Policy document for more details
Eligibility
| Loans for | Self Employed Non-professionals |
| Profile | The applicant should be a Sole Proprietor/Partnership firm/Private Ltd Co./Unlisted Public Ltd Co./LLP involved in the business of Manufacturing, Trading or Services |
| Age | Between 21-65 years |
| Business Vintage | 1. Minimum business vintage of 3 years 2. Minimum turnover of INR 40 lakhs 3. Bank account in the name of the business 4. Minimum profit of INR 3 lakhs |
Disclaimer: All contents mentioned on this page, including but not limited to documents, eligibility may vary for each borrower and are subject to the discretion of the lender. The content is subject to change without prior notice.
FAQs
- Business Loan for MSMEs
- NACH
- Flexi Funds
Business Loan for MSMEs is an unsecured financial solution crafted for the diverse business needs of MSMEs, such as business expansion, acquisition of long-term assets, or meeting working capital requirements. At Godrej Capital, our Business Loans offer a predetermined amount without the necessity of collateral. Whether it's expanding your business, purchasing assets, or managing working capital, we've got you covered. Apply for a Business Loan with Godrej Capital, and fuel your business dreams hassle-free.
Ensuring steady business cash flow
Fund business expansion or diversification
Improve existing business set-up
Boost working capital reserves
Hire new workforce
Purchase and stock inventory
Buy new machinery, equipment, or software
With the Godrej Capital Small Business Loan, MSMEs can avail of higher loan amounts of up to INR 50 lakhs, without the need for collateral. The application process is hassle-free with minimal documentation, and the disbursal process is seamless and quick. Godrej Capital also offers features like BizRewards, Design Your EMI, and competitive interest rates starting from 17%.
You can apply for a maximum loan amount of up to INR 50 lakhs, wherein the amount disbursed would be calculated based on your income and other parameters. To access the Business Loan EMI calculator, click here.
No, the Small Business Loan is a mortgage-free offering and requires you to only meet the simple business loan eligibility criteria to qualify for business financing.
To apply for a Small Business Loan, one should be a Sole Proprietor / Partnership firm / Private Ltd Co. / Unlisted Public Ltd Co. / LLP involved in the business of Manufacturing, Trading, or Services. The person applying for the business loan should be aged between 21 and 65 years with a minimum of 3 years vintage of business operations.
No, a salaried individual can not apply for or take a business loan. It is available only for catering to business requirements. Salaried individuals may go for a Loan Against Property from Godrej Capital.
Click here to view the documents required.
Design Your EMI is a flexible repayment facility that allows borrowers to tailor their EMI schedules. This offers flexibility in repayment amounts according to their financial needs based on various variants available. To know more about Design your EMI, read here.
BizRewards is an exclusive rewards program offered by Godrej Capital to appreciate and recognize our valued customers for their commitment to timely repayments. It goes beyond the conventional benefits of maintaining a good credit score, providing exciting rewards in the form of exciting vouchers. To know more about BizRewards read more here.
National Automated Clearing House (NACH) is a centralized structure created to make payments more accessible and cost-effective. It offers a fast and efficient clearing platform. The NACH debit mandate is used by Godrej Capital to automatically deduct monthly instalments from your bank account for the loan availed.
There are two ways to cancel NACH mandate.
- You can log in to the Customer Portal and request to cancel the mandate through the Write to Us section.
- You can also send an email to customercare@godrejcapital.com through registered email ID or call our Customer Care at +91 22 68815555 through a registered mobile number and place a request for NACH mandate cancellation.
Kindly ensure to provide the Loan Account Number (LAN) when making the request, and our team will reach out to you within 48 hrs.
General FAQs
Business Loan Flexi Funds is a facility like Overdraft, which offers borrowers a sanctioned limit, enabling them to withdraw any amount within the sanctioned limit as per their requirements and repay it at their convenience. Much like a normal Business Loan, the loan is availed against zero collaterals. Interest is charged only on the borrowed amount. This cost-effective facility is useful for managing finances and resolving short-term cash flow problems for individuals and self-employed business owners.
Any individual requiring funds can apply for a Business Loan Flexi Funds to a maximum loan amount of INR 50 lakhs.
Those who apply for Business Loan Flexi Funds can make the most of a long repayment tenure of up to 5 years.
Any individual requiring funds for business purposes can apply for a Business Loan Flexi Funds.
The funds from the Business Loan Flexi Funds can be utilized for various business-related purposes like business expansion, inventory management, cash flow management, employee payments, or other professional needs. Although the interest rate for the business loan may vary, utilizing a business loan EMI calculator can assist you in understanding your monthly payments and better planning your finances.
Business Loan Flexi Fund interest rate is calculated only to the utilized amount from the total withdrawable limit. With Business Loan Flexi Funds, you enjoy the freedom to repay and reuse funds within the specified limit and tenure, similar to an Overdraft Facility.
The EMI for Business Loan Flexi Funds calculates interest on the utilized limit. Interest equals the EMI as long as there is an available balance for the dropline amount to be deducted from the withdrawable limit. Only in instances where there is an insufficient withdrawable limit remaining, the EMI include the principle and the interest on the utilized amount.
In a conventional Business Loan, the full loan amount is disbursed to the customer's bank account, and repayment starts through monthly EMIs from the following month.
Business Loan Flexi Loans is similar to an overdraft facility. Customers receive a sanctioned limit with a withdrawable limit and the subsequent EMIs include only interest on the utilized amount from the sanctioned/withdrawable limit. The customer's limit is subject to reduction based on the chosen variant and frequency of reduction.
The fundamental difference between a Business Loan and a Business Loan Flexi Funds is the flexibility in the repayment of loans.
Godrej Capital offers below variants of the Business Loan Flexi Funds:
- Monthly Variant
- Hybrid Variant
Defaulting on EMI repayment for Business Loan Flexi Funds, much like any other loan, can result in consequences, such as adverse effects on your credit score, imposition of penalties, legal proceedings and such others.
Adhering to repayment obligations is crucial.
You can log in to Godrej Capital’s Customer Portal. The portal will allow customers to flexibly withdraw, check limits, and repay Business Loan Flexi Funds at their convenience.
Business Loan Flexi Funds – Variants
In the monthly variant of Business Loan Flexi Funds, the withdrawal limit is systematically reduced each month, proportionally reducing from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the interest rate continues to be applied monthly based on the used limit.
In the monthly variant of Business Loan Flexi Funds, the withdrawable limit is constant for a fixed period after which it will drop every month. The drop proportionally reduces from the sanctioned limit. By the end of the loan tenure, the withdrawable limit reaches "0". However, the interest rate continues to be applied monthly based on the used limit.
Collateral & Eligibility
The eligibility criteria for a Business Loan in Flexi Funds include but are not limited to bureau tracking, demographics, business revenue, and more. For more details, and the latest product updates, please get in touch with one of our customer care representatives.
Business Loan Flexi Funds are available for business purposes.
No, Business Loan Flexi Funds can be availed without collateral.
Customer Portal queries:
Step 1: Visit the Customer Portal
Step 2: Enter your mobile number or customer ID
Step 3: Authenticate by entering the OTP sent to your registered mobile number
Step 4: Upon successful completion, you will be logged in.
Log in to the customer portal at https://cp.godrejcapital.com, navigate to the "Transaction Tab" in the left-side menu panel, where three options will appear:
a) Withdraw
b) Repayment
c) Transaction History.
Click on the "Withdraw” tab and enter the amount corresponding to the loan amount, then click on “Proceed”.
The transaction can be authenticated through an OTP sent to your registered mobile number.
Yes, repayment of funds is allowed.
- Log in to the customer portal by clicking here
- Access the "Transaction Tab" on the left menu panel
- Choose from three options:
- Withdraw
- Repayment
- Transaction History
- Select the "Repayment" tab
- Enable the repayment section
- Input the amount and proceed
- On the confirmation screen, view the final amount, any deductions, and accept the terms and conditions to initiate the repayment transaction
- After clicking proceed, the customer will be redirected to the payment gateway page to select the mode of payment:
- Net Banking
- Debit Card
- UPI
- Choose a preferred mode of payment and submit the payment
Repayment: Customers have the flexibility to repay the entire amount, ranging from a minimum of INR 1,000 to the maximum loan amount, depending on the utilization of funds.
Withdrawal: Customers can withdraw up to the maximum loan amount, with a minimum withdrawal limit of INR 1, subject to the available balance.
Repayment: The repayment facility is available 24/7 throughout the year and has no restrictions on the amount of repayment. It can easily be done through the customer portal.
Withdrawal: Withdrawal of funds from the balance is available every day, except on 4 public/national holidays (26th January,15th August, 1st April, and 2nd October). Additionally, the daily withdrawal functionality is not available between 10 pm to 2 am for maintenance reasons.
Transaction details can be accessed through the customer portal's "Transaction History" section under the Transactions tab. Customers have the option to download/export details in PDF format.
Transactions are limited to the main applicant only in cases where there are multiple applicants on the loan structure.
No, zero charges apply for transactions conducted through the customer portal.
Product related FAQs:
The billing cycle for Business Loan Flexi Funds is from the 27th to the 26th of each month.
For example, the billing cycle for Jan'24 would span from 27th Dec'23 to 26th Jan'24. The bill is generated at the end of the day on the 26th Jan'24, reflecting the daily utilisation of funds from the sanctioned limit.
The EMI primarily comprises of the interest of the utilized amount and the principal component to the extent of the amount of dropdown (as applicable).
At the end of the day on the 26th of the month, the bill is generated based on interest computation. Customers are then provided an additional 10 days to ensure sufficient balance in the account before the EMI is deducted through NACH services.
In the event of an EMI bounce, charges, including late payment fees/penalties, will be imposed, and payment is to be made through the customer portal. Refer to the schedule of charges in the terms and conditions section of the Loan Agreement for more details.
Yes, the beneficiary account can be changed. Customers can initiate this request by logging into the customer portal or by reaching out to the customer contact centre for assistance.
Yes, customers can request a change in the repayment account by logging into the customer portal or contacting the customer contact centre for assistance.
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