Loan Offerings
Are your loans and your business a perfect fit? Read on to find out.
There are 3 types of business loans that we at MukeshTrade offer:
- Loans for retailers/shops/merchants using debit/credit card swipe machine
- Loans to manufacturers/wholesalers/ traders/ distributors / retailers selling goods or services to large corporates
- Loans to manufacturers/wholesalers/ traders/ distributors / retailers purchasing goods or services from large corporates
We provide business loans starting from INR One Lakhs.
Your loan amount is based on your business performance, and a few other criteria that we look at before disbursing the loan. The maximum loan amount that can be availed is INR 75 lakhs.
Our loans extend from 6 months to 36 months depending on the type of loan, and your business performance.
Yes! MukeshTrade has several success stories having given loans to businesses who do both online and retail sales. We verify your retail and online business performance, and accordingly extend a loan which is a combination of both. The advantage is that you get a loan of higher amount and longer tenure.
Yes, you have an option of pre-closure at any stage by paying a pre closure amount as per the mutual agreement of the customer and the MukeshTrade representative at the stage of the pre-closure request.
Yes, you can. We will evaluate your business and check if any of our loan products fit your requirement.
Account aggregator
Account Aggregator (AA) is an RBI regulated entity that helps an individual securely and digitally access and share information from one financial institution to another.
Data will be shared only with the customer’s consent. Customers give and revoke consent as well. Thus, the customer truly becomes the owner of his data.
The consent framework is very simple, customers will always know
- With whom is the data being shared?
- What is the purpose of sharing the data?
- What is the frequency and duration of the consent?
This will reduce the misuse of statement/account data shared in physical form.
There are 2 types of consents that MukeshTrade asks its user – One time consent and Recurring consent.
MukeshTrade fetches your data from the FIP (Banks) once you have successfully given the consent. This data is used for loan offering and loan monitoring purposes only and this is not shared with any third party.
You can try with different AA entity, or you can choose to skip the AA process after 10 mins of inactivity.
You can simply reject the consent by providing appropriate reason.
You can login to the concerned Account Aggregator Portal and go to Manage consent page and choose the appropriate required action.