MSME Loans
Micro, Small and Medium Enterprises (MSME) have emerged as a pivotal vehicle for large employment generation and industrialization of rural and backward areas of India. It is estimated that the sector consisting 51 million units, provides employments to 110 million persons and contributes to over 45% of India’s manufacturing output. The MSME sector has the potential to further stimulate growth and generate employment opportunities at relatively lower capital cost.
This presents a great opportunity for Origo Finance to make a mark in this segment by focusing on unmet demand of the sector through its suite of products.
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Unsecured Business Loan
Growth and Expansion of business is a need for every entrepreneur and funding is the primary requirement for expansion. The business loan product is designed keeping in mind small businesses, self-employed individuals like traders, wholesalers and service providers, for their operational and working capital needs.
Features
- Loans up to ₹5 Lakhs
- Tenure up to 48 months
- No security required
- Convenience of doorstep service
- Minimum and hassle-free documentation
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Secured Business Loan
Secured Business Loan is an ideal way to leverage the value of the property. Self-occupied and Self owned properties with ownership of minimum 1 year are financed under this product.
Features
- Loans up to ₹50 Lakhs
- Tenure up to 96 months
- Loan up to 60% of the market value of the property
- Convenience of doorstep service
- Minimum and hassle-free documentation
- Loan for the following needs:
- Working capital requirement
- Acquisition of small plant / machinery
- Home/shop improvement
- Expansion / investment in business
- House renovations
