DMI Finance

Product Overview

DMI Finance Business Loan is an unsecured MSME loan designed for business expansion, working capital requirements, inventory purchase, equipment upgrades, and other business needs. The loan comes with a fully digital application process, fast approvals, and no collateral requirement.

Eligibility Criteria

✔️ Applicant must be an Indian resident
✔️ Minimum Age: 23 years
✔️ Annual Income: ₹3,00,000 or above
✔️ Business Vintage: Minimum 24 months
✔️ Credit Score: 700+ preferred
✔️ Eligible for Sole Proprietorships, Partnership Firms, Private Limited Companies, MSMEs, Traders & Self-Employed Professionals

Features and Benefits

✔️ Loan Amount: ₹30,000 to ₹25,00,000
✔️ No collateral or security required
✔️ 100% digital application process
✔️ Fast approval & disbursal within 24–72 hours
✔️ Flexible repayment tenure up to 36 months
✔️ Suitable for MSMEs, traders, shopkeepers & self-employed professionals
✔️ Available across Tier-1, Tier-2 & Tier-3 cities
✔️ Transparent terms and charges
✔️ Easy repayment options available

Fees & Charges

✔️ Interest Rate: Starting from 15.99% p.a. (typically 18%–24.90% p.a. based on profile)
✔️ Loan Amount: ₹30,000 to ₹25,00,000
✔️ Processing Fee: As applicable by DMI Finance
✔️ Tenure: 12 to 36 months
✔️ Foreclosure Charges: As per company policy
✔️ Penal Charges: Applicable on overdue EMIs

Documents Required

✔️ PAN Card
✔️ Aadhaar Card
✔️ Address Proof
✔️ Business Registration Certificate / Shop Act License
✔️ GST Returns (if applicable)
✔️ ITR for last 1–2 years
✔️ Bank Statements (last 6–12 months)
✔️ Business Address Proof

FAQs

Q1. What is the maximum loan amount offered by DMI Finance Business Loan?
Ans. DMI Finance offers business loans up to ₹25 lakh based on eligibility and business profile.

Q2. Is collateral required for the loan?
Ans. No, DMI Finance Business Loan is an unsecured loan and does not require collateral.

Q3. What is the repayment tenure?
Ans. The repayment tenure ranges from 12 to 36 months.

Q4. Who can apply for this loan?
Ans. MSMEs, shopkeepers, traders, self-employed professionals, proprietorships, partnerships, and private limited companies can apply.

Q5. How quickly is the loan disbursed?
Ans. Subject to approval and document verification, disbursal can happen within 24–72 hours.

Terms & Conditions

✔️ Loan approval is subject to DMI Finance credit assessment
✔️ Interest rates vary based on credit profile, business income, and repayment capacity
✔️ Processing fees and other charges are applicable as per company policy
✔️ Late payments may attract penal charges and impact credit score
✔️ Final sanction amount depends on eligibility and document verification