Product Offerings
Today, India’s MSME sector is made up of millions of enterprises. Not only is this poised as the growth engine of the country’s economy, but it also provides large-scale employment in rural and urban areas. This stance is further strengthened by the Government’s various financial inclusion schemes with additional benefit for GST-registered MSMEs
The demand for Credit in MSME sector is huge. Credit is needed for running daily business operations of the MSMEs as also for business expansion purpose. However, the MSME sector still faces a wide credit gap, primarily due to the lack of awareness amongst MSMEs about loan opportunities and credit eligibility
Our Vision is to be trusted financial partner for MSMEs. We, at ECL Finance, help out the MSMEs with required credit needed for bridging working capital gap as also for business expansion. We cater to Micro, Small and Medium Enterprises (MSMEs) with Udhyam Registration Certificate and GST Registration Number (if applicable)
Below given is our range of Products which are tailored to meet MSME credit requirements.
Business Installment Loan (Collateral Free Loan)
Loan Against Property
Supply Chain Financing
Dealer/Distributor Financing
Business Installment Loan (Collateral Free Loan)
Unsecured Business loan suitable for meeting day-to-day working capital requirements, business expansion, buying equipment, improvement in business infrastructure or investment in technology.
Salient Features:
- Loan Amount upto ₹50 lacs
- Flexible Tenure ranging from 12 months to 48 months.
- Collateral free loan
- Competitive Interest Rates
- Digital processing for quick decision
- Minimal documents required from customer
- Score-card based assessment of loan eligibility through income and cash flow based assessment
Loan Against Property
Unlock the true value of your existing property by using it as collateral for a loan. This fund will help in business expansion, acquisition of assets, working capital requirement, debt consolidation and purchase of commercial premises and any other business end use.
Salient Features:
- Loan Amount upto ₹20 Cr
- Flexible Tenure upto 15 years
- Combination of Properties allowed.
- All types of Collateral such as Residential, Commercial, Industrial & Plots are accepted.
- Leverage the value of your property with higher loan to value (LTV)
- Competitive Interest Rates
- Quick financial sanction with digital interventions
- Score-card based assessment of loan eligibility through income and cash flow based assessment
Supply Chain Financing
It is a short-term revolving working capital credit facility where limits are set-up for borrowers for making payments against yet-to-mature invoices. The program offers flexibility in terms of underlying product covering goods as well as services. The product can be offered on an unsecured basis depending on the merits of the credit.
Salient Features:
- Minimal documentation
- Quick decisioning
- Faster processing
- Flexible Repayments period
- Attractive Interest rates
- Wide range of industries catered
- Large geographical reach
Dealer/Distributor Financing
Credit facility or short-term loan where Dealer (Buyer) borrows money from Lender against their yet-to-mature invoices for making payments to their Supplier (Anchor). Dealer (Buyer) pays interest and/or fee to the lender against the invoice financed. Every anchor (seller) has a total credit limit with sub-limits for each dealer (buyer). The primary obligor under dealer financing/ purchase invoice discounting would be Dealer with recourse on the Anchor in case of default. The credit facility are extended to the dealers only against the invoices pertaining to the purchases made from the Anchor (seller).
Salient Features:
- Easy access of additional working capital to dealers/distributors.
- Increases distribution network & improves business scope.
- Innovative and customized solutions provided
- Presence in more than 30+ locations.
- Helps in strengthening relationship between Anchors & Dealers/Distributors.
- Minimal documentation with fast processing.
- Flexible Repayment period.
- Attractive interest rates.
For other products please refer,
For more information on General Terms & Conditions for Unsecured Business Loan,
BENCHMARK RATING
ECLFL Small and Medium Enterprise Reference Rate (SMERR)
With effect from 1st October 2018, the SMERR is 20.50%
With effect from 7th July 2022, the SMERR is 21.50%
With effect from 24th August 2022, the SMERR is 22.00%
With effect from 1st December 2022, the SMERR is 22.30%
With effect from 1st March 2023, the SMERR is 22.60%
ECLFL Mortgage Reference Rate (ECLFLMRR)
With effect from 1st October 2018, the ECLFMRR is 20.90%
With effect from 1st October 2022, the ECLFLMRR is 22.60%
ECLF Prime Lending Rate
ECLFPLR is 17.50%