Enterprise Loan (MSME)
Loans for Micro, Small, and Medium Enterprises
Velicham works to empower businesses by prioritizing the loan for MSMEs. Velicham caters to MSMEs enterprises with a goal to support their working capital and upgrade their current scenario to achieve growth. Our Fintech brings a paradigm shift in the business prospects by taking things digital.
- Unveiling growth opportunities for MSMEs
- Unlocks the pathway to the socio-economic development of the family
Loan Size: 0.75 lakhs to 5 lakhs
Tenure: 1 to 3 Years
Business Vintage: More than one year
Cash Flow based assessment
Diminishing Balance Interest Rate
Opting for an MSME loan under Velicham offers higher integration and value to the customers. Superior consultation that helps to address different challenges in the business assessment for underwriting and channels the funds in the right direction. The technology architecture helps the customer receive the loan at a faster pace.
- Ease out the loan approval process using advanced technology
- Special in-house consultation to broaden the business spectrum
- Meet working capital requirements.
- Timely access to credit.
How it works
This step involves CRO meeting the client and initiating the application.
Multipoint Verification and Field-Inspection
Using integrated APIs and a field credit team, the team verifies customer information as the approval procedure moves forward.
On-spot Loan Approval
As the customer meets the requirement, the loan is approved on-spot.
Loan Disbursement and Usage Verification
The loan is disbursed to the customer’s bank account. On the other hand, Velicham team members keep a check on loan usage.
Digital and Field Collection
With field collection as an option, Velicham promotes digital payments for a seamless transaction.
Sudar Sakthi, Arivizhimangalam ( Nannilam) Petty Shop Muthulakshmi is a 42-year-old widowed woman from Arivizhimangalam village of Thiruvarur district. She runs a petty shop attached to her residence. She sells...View More
Andal Sakthi, Thirukannapuram (Nannilam) Purpose of loan: Dairy Sundharavalli works as an Anganwadi employee in a nearby school and seemed happy to meet me with the field officer. After the...View More
Sri Mahakaliyamman Sakthi, Aprakudi (Thiruthuraipoondi) Purpose of loan: Plastic business Amutha is a young woman from Aprakkudi, a small village in Thiruvarur district of Tamil Nadu. She is a mother...View More