MDCC Bank Micro Credit Loan

Supporting Small Businesses and Entrepreneurs

At MDCC Bank, we are committed to fostering the growth of micro and small enterprises through our Micro Credit Loan. This loan is customized to meet the financial needs of small business owners, self-employed individuals, and entrepreneurs who require funds to start, expand, or sustain their businesses. Our aim is to provide accessible financial solutions that empower you to achieve your business goals.

Key Features of MDCC Bank Micro Credit Loan:

Competitive Interest Rates: Benefit from attractive interest rates @ 12% designed to make borrowing affordable.
Flexible Loan Amounts: Avail loan amounts starting from ₹5,000 up to ₹1 lakh, catering to various business needs.
Easy Repayment Options: Choose a repayments up to 12 months, offering flexibility to manage your finances.
Minimal Documentation: Experience a hassle-free loan application process with minimal paperwork.
Quick Disbursal: Enjoy fast processing and quick disbursal of loan amounts to meet urgent business needs.
No Collateral Required: Access unsecured loans, making it easier to get funds without pledging assets.

1	Eligible persons	Women
2	Age	Above 18 years.
3	Loan Amount.	Rs.1,00,000/-.
4	Loan Term	1 year.
5	Rate of interest	12%.
6	Purpose of Loan.	Flower Shop
		Vegetable Shop.
		Fruit Stall.
		Plastic Items sales.
		Cut piece cloth business.
		Two personal Sureties.
		Two numbers recent passport Size Photos.
		Residential Certificate.

Eligibility Criteria:

Age: Applicants must be between 18 and 60 years of age.
Business Type: Suitable for small business owners, self-employed individuals, and micro-entrepreneurs.
Business Vintage: The business should be operational for at least 6 months.
Credit Score: A good credit history and score are preferred for better loan terms.

Documents Required:

Identity Proof: Aadhaar, Passport, PAN card, Voter ID, or Driving License.
Address Proof: Utility bills, Aadhaar, Passport, or Rental agreement.
Business Proof: Business registration certificate, GST registration, or Trade license.
Financial Documents: Bank statements for the last six months.
Photographs: Recent passport-sized photographs.

How to Apply:

Visit Our Branch: Walk into any MDCC Bank branch for personalized assistance.
Call Us: Reach out to our customer service for guidance and support.

Why Choose MDCC Bank for Your Micro Credit Loan?

Focused on Growth: Tailored loan solutions designed to meet the unique needs of micro and small enterprises.
Customer-Centric Approach: We prioritize your needs and provide customized financial solutions.
Support: Dedicated relationship managers to assist you through the loan process.
Transparency: No hidden charges, ensuring complete transparency in all dealings.

Empower your business with MDCC Bank Micro Credit Loan. Apply now and take the next step towards achieving your business goals!

Micro Credit Loan FAQs

What is a Micro Credit Loan?

A Micro Credit Loan is a financial product designed to support small business owners, self-employed individuals, and micro-entrepreneurs by providing them with the necessary funds to start, expand, or sustain their businesses.

What is the maximum loan amount I can avail myself of?

You can avail loan amounts starting from ₹5,000 up to ₹1 lakh, depending on your business requirements and eligibility.

What is the interest rate for a Micro Credit Loan?

The interest rate for a Micro Credit Loan at MDCC Bank is competitive and varies based on factors such as loan amount, tenure, and the applicant’s credit profile. Contact our branch or visit our website for the latest rates.

What is the repayment tenure for a Micro Credit Loan?

The repayment tenure for a Micro Credit Loan at MDCC Bank ranges for up to 12 months, offering flexibility to choose a tenure that suits your financial planning.

How can I apply for a Micro Credit Loan?

You can apply for a Micro Credit Loan through the following ways:

Walk into any MDCC Bank branch for personalized assistance.
Call our customer service for guidance and support.

What documents are required to apply for a Micro Credit Loan?

To apply for a Micro Credit Loan, you will need the following documents:

Identity Proof: Aadhaar, Passport, PAN card, Voter ID, or Driving License.
Address Proof: Utility bills, Aadhaar, Passport, or Rental agreement.
Business Proof: Business registration certificate, GST registration, or Trade license.
Financial Documents: Bank statements for the last six months.
Recent passport-sized photographs.

Is collateral required for a Micro Credit Loan?

No, MDCC Bank’s Micro Credit Loan is an unsecured loan, meaning you do not need to pledge any assets as collateral.