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Digikredit SMEcorner Business Loan
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Digikredit-SME Corner Business Loan
Interest Rate
19%
Loan Amount
₹50K - ₹25L
EMI Per Lakh
₹2,594
Processing Fees
Pre-Payment Charges
Features and Benefits of Digikredit SMEcorner Business Loan
- Strong Digital Interface: Digikredit maintains a robust digital UI that makes the entire loan processing faster, smoother and hassle-free for business owners.
- Instant Loan Processing: If you have filed the application properly and provided all the documents required, your loan will be processed instantly.
- Hassle-free Process: SMEcorner has kept the application process fairly simple to avoid any confusion so that the loan can be approved and processed without any delays.
- No Collaterals: Unlike other forms of loans, Digikart’s business loan doesn’t ask you for any collateral. Hence, it’s an unsecured business loan.
- Flexible Tenure: SMEcorner offers a flexible tenure option of 12 to 36 months providing borrowers more time to repay their loans.
Digikredit SMEcorner Business Loan Overview
If you are planning to grow your business and take it to a new peak, a business loan would be the perfect option for you. It will help you maintain your cash flow and enable you to cover any unexpected expenses easily. Digikredit SMEcorner uses modern technology and deep analytics to provide an efficient solution to all the small and medium enterprises in India. You can apply for Digikredit SMEcorner Business Loan and get customised loan solutions of up to ₹ 25 lakhs.
Digikredit SMEcorner Business Loans have been designed to fund small and medium enterprises. It offers competitive interest rates, minimal documentation, flexible tenure and repayments to make the process of availing of a business loan extremely convenient. SMEcorner provides your business with an upper edge that helps you thrive in the face of competition.
- Business loan amounts range from Rs. 50,000 to Rs. 25 lakh
- No collateral required
- Loan disbursed in 3 working days
Interest Rate | As per business requirements |
Min. Loan Amount | Rs. 50,000 |
Max. Loan Amount | Rs. 25 lakh |
Repayment Tenure | From 12 – 36 months |
Business Vintage | More than 3 years |
Collateral | Not required |
Foreclosure Charges | 5% of the principal outstanding |
Minimum Turnover | Min. Rs. 25 lakh |
Processing Fee | Up to 3% of the loan amount |
Documents Required for Digikredit SMEcorner Business Loan
Submit the following documents along with your business loan application for a Digikredit SMEcorner Business Loan:
1. Duly filled application form | 6. VAT/Service tax certificate |
2. KYC documents of partner, director, proprietor of co-applicants | 7. Last 9 months’ bank statement |
3. Passport-sized photograph | 8. SSI Registration Certificate |
4. Residence/Office ownership proof | 9. Proof of business continuity |
5. Shop and Establishment Act Registration Copy | 10. Any other document required by SMECorner |
How Does the EMI Calculation Work for Digikredit SMEcorner Business Loans?
You can use Urban Money’s Business Loan EMI Calculator to get an estimate of your business loan EMI so that you can adjust the loan amount or the tenure accordingly.
Furnish the total amount of loan, loan tenure, and interest rate in the respective blank spaces and click on the ‘Calculate’ button. The result will be displayed on the screen. You will get the amount of monthly EMI you have to pay and the total interest amount payable.
The formula for calculating EMIs on the business loan:
EMI= [P x R x (1+R)^N]/[(1+R)^ (N-1)]
Where,
P = Principal Amount
R = Personal loan ROI or rate of Interest
N = Loan Tenure in months
How Does Digikredit SMEcorner Compare with Other Lenders?
Glance through the table below to understand the comparison of Digikredit SMEcorner business loan interest rate with that of its competitors.
Bank/NBFCs | Interest Rate |
Digikredit SMEcorner | As per the loan requirements |
Axis Bank | 14.25% – 18.50% p.a. |
HDFC Bank | 11.90% – 21.35% p.a. |
IDFC First Bank | 14.50% onwards |
FlexiLoans | 1% per month onwards |
ZipLoan | 1% – 1.5% per month (Flat ROI) |
IIFL Finance | 11.75% – 25.75% p.a. |
Fullerton Finance | 17% – 21% |
Kotak Mahindra Bank | 16% – 19.99% |
RBL Bank | 17.50% – 25% p.a. |
Bajaj Finserv | 17% p.a. onwards |
Lendingkart Finance | 1.5% – 2% per month |
ICICI Bank | 18% onwards |
Indifi Finance | 1.5% per month onwards |
NeoGrowth Finance | 19% – 24% p.a. |
Tata Capital Finance | 19% p.a. onwards |
Hero FinCorp | Up to 26% p.a. |
Digikredit SMEcorner Business Loan Customer Care Number
To enquire about the SMEcorner Business Loan requirements, you can reach out to the SMEcorner customer care number at 1800-103-7382, which is accessible pan India. You can also contact them via email at service@smecorner.com.
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Business Loan By Banks
- Bank of Baroda Business Loan
- Axis Bank Business Loan
- HDFC Bank Business Loan
- ICICI Bank Business Loan
- Bajaj Finserv Business Loan
- IndiaBulls Business Loan
- Canara Bank Business Loan
- Union Bank of India Business Loan
- DHFL Business Loan
- CITI Bank Business Loan
- YES Bank Business Loan
- Federal Bank Business Loan
- IndusInd Bank Business Loan
- State Bank of India Business Loan
- Hero FinCorp Business Loan
- Punjab National Bank Business Loan
- IDFC FIRST Bank Business Loan
- IDBI Bank Business Loan
- Kotak Bank Business Loan
- Lending Kart-Nbfc Business Loan
- Ujjivan Small Finance Bank Business Loan
- Muthoot Finance Ltd Business Loan
- Shriram Urban Co Operative Bank Limited Business Loan
- Tata Capital Housing Finance Limited Business Loan
- HDFC Sales Business Loan
- Capital First Ltd. Business Loan
- Poonawalla Fincorp Limited Business Loan
- Tata Capital Financial Services LTD Business Loan
- Clix Capital Business Loan
- Aditya Birla Finance Limited Business Loan
- L&T Finance Business Loan
- HSBC Business Loan
- Bank of India Business Loan
- Fullerton India Business Loan
- NeoGrowth Business Loan
- IIFL Finance Business Loan
- Piramal Housing Finance Business Loan
- Edelweiss Financial Services Business Loan
- INDIFI Business Loan
- INTELLEGROW Business Loan
- DCB Bank Business Loan
- Capri Global Business Loan
- UGRO Capital Business Loan
- RBL Bank Business Loan
- FT Cash Business Loan
- Loantap Credit Products Private Limited Business Loan
- Arka Fincap Limited Business Loan
- Deutsche Bank Business Loan
Digikredit Sme Corner Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
Can we view the eligibility after the completion of the online application process?
As soon as you have completed the loan application, you will be provided with an estimate of your loan amount. Nevertheless, the final loan eligibility amount sanctioned to you will be subject to a detailed analysis of all your banking and financial documents and a personal discussion with their credit managers.
How can we view the status of our loan application?
It’s simple. You can use your registered social media profile or phone number to view the status of your loan application on the official website of SMEcorner.
Will I be sanctioned the same loan amount as estimated during the online application?
It completely depends on the information provided by you in the application form. The lender will sanction the loan amount after a thorough analysis of the banking details and financials provided by the credit assessment team.
What if I don’t submit the required documents while applying for a business loan online?
If you don’t submit the documents, the company won’t be able to determine your eligibility for availing of the business loan.
How do I submit an application after rectification that has been rejected due to incorrect information?
You can log in with your mobile number and resubmit the application with the correct details on the SMEcorner website.
How can I complete my application if I initially left it incomplete?
You can simply log in to your account anytime by visiting the online website of SMEcorner and continue with your business loan application.
Is it obligatory to upload financial documents while filing an online loan application?
Yes, it’s mandatory to submit the required documents as they help in scrutinising information related to your monthly income, annual turnover of the business and more. In simpler terms, documents are helpful in confirming your eligibility for a business loan.
How quickly can we get the funding?
After the successful filing of the online loan application along with all the required documents, the institution will disburse the desired loan amount into your bank account within three working days.
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