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Q.

What's the requirements for the loan for 200 lacs for a msme

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The following are the eligibility criteria to get an MSME loan:

  • You need a minimum credit score of 750.

  • A track record of timely payments and security

  • You should have never defaulted on a debt with a finance company before.

  • A one-year business history minimum.

  • Minimum annual revenue of Rs. 12 lakh for existing businesses and it can vary by bank.

Get a home loan with minimal paperwork via NoBroker here. Read More: Who is eligible for an MSME loan?
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