UDYAM FLEX LOAN
Business ka Booster
Empowering MSMEs to make their Small businesses go BIG!
Embark on your entrepreneurial journey with Udyam & access quick loans to kickstart & elevate your business.
Retails
Manufacturing
& Distributors
Healthcare
Farming
Real Estate
Business
Catering
- Enter personal details
- Enter business & registration details
- Enter loan request details
- Provide identity proof
- Provide bank statements & business documents
- Complete the verification
tenures.
- An Udyam Loan is a short-term unsecured business loan which can be used for various purposes including working capital requirements, business expansion, etc.
- Udyam registration is now mandatory for all MSMEs. It provides multiple benefits to help MSMEs succeed and scale their businesses. Udyam FlexLoan offers a simplified process for collateral-free loans up to Rs. 10L
Interest and Tenure
Glance through the details about Udyam Flex Loan interest rate, tenure, charges, and more.
| Annual percentage interest rate (APR) | Ranges from 18% to 48% |
| Tenure | Ranges from 6 months to 18 months |
| One-time Processing Fee | 2.5% of Loan Amount (Max Rs 4,000) |
| Late Fee | Rs. 150 /- per installment if it is unpaid within 3 days of due date |
| Auto-Debit Failure (Bounce) Fee | Rs. 60 /- per instance of auto debit failure |
| Pre-payment penalty | Rs.0 |
Payment Example*
For an approved loan amount of Rs. 1,00,000 at an interest of 28% for a tenure of 12 months, the total of interest paid would be Rs. 15,845.38. This translates to a maximum APR of 33%.
Example of the structure of a MSME loan taken from the Udyam Flex Loan app is as follows:
| Approved Loan Amount | Rs.1,00,000 |
| Amount Disbursed | Rs. 97,500 |
| Interest Rate | 28% |
| EMI Amount | Rs. 9,653.78 |
| Tenure | 12 Months |
| Processing Fee | 2.5% |
| Total Charges (including GST and insurance) | Rs. 2,500 |
| APR | 33% |
| Total Repayment Amount | Rs. 1,15,845.38 |
| Total Interest Paid | Rs. 15,845.38 |
*The above example shows the schedule for a business owner who makes all the suggested payments on time. Interest Rate varies based on the risk profile of the business owner. If you meet our simple loan eligibility criteria, you will receive instant credit in your bank account on the same day.
MSMEs
accessible loans.
