Micro Business Loan
Managing finance is the key to success for any business, and that too timely finance to meet the Capital requirement , which will be the key to business prosperity.
We at Orange Retail finance understand that each business has a unique financial needs and through our strong semi urban and rural distribution network, we will be able to meet your Business loan requirement – Micro Business loans.
Our target segment will cater to the Business Loan requirement for the last leg of the retail distribution chain in semi urban and rural India. By doing so, Orange will promote sustainable and equitable rural development through financial intervention, innovation and technology for economic prosperity. Mostly, these loans are given to startup owners, small business owners and women entrepreneurs on a short-term basis.
Features of Micro Business Loans from Orange
Orange with its strong rural presence understands the pulse of the market and has designed the product to meet the WC requirement for the customer at the end of the retail distribution chain. These loans are approved through an online process which helps in speeding up the financial vehicle delivery and customizations which makes them ideal for today’s competitive business environments.
Micro Business Loans by Orange - Benefits
Micro Business Loans by Orange help your business’s growth potential by providing the much needed short term working capital requirement.
With minimal documentation and through artificial intelligence we keep the turnaround time to minimal and hence provide faster resolution
Our Micro business loans help you in balancing your company capital through short-term investments that can be easily repaid.
With Micro Business loans, you can give your business a much-needed boost and hence improve your profitability. This, in turn, will reflect in your books and create goodwill and credibility for your business in the market
Micro Business Loans Fees & Interest Rates
|Customized Interest Rates||Starting from 1.75 % Per Month*|
|Loan Tenure||up to 24 Months|
|Eligibility Criteria||Minimum Business vintage of Two years|
|Loan Amount||₹ 20,000 – ₹ 1 Lac|
Documents Required for Micro Business Loans
|Proprietorship||Partnership||Pvt. Ltd. / LLP|
|Bank statement (06 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|PAN Card Copy||✓||✓||✓|
|Aadhaar Card Copy||✓||✓||✓|
|Partnership Deed Cop||✕||✓||✕|
|Company PAN Card Copy/MOA/AOA||✕||✕||✓|
We accept any of the following as a Business registration proof
1) Business Registration Certificate
2) GST Certificate
3) Trade License
4) Drug License
5) TIN / VAT registration