The Choice Money App allows users to apply for MSME business loan. Now, experience the convenience of our services available anywhere, anytime with our easy-to-use android mobile app. 👉 Following are the features and benefits of seeking MSME business loan from us: ✔️ Avail loan amount starting from Rs. 50,000.00 (Fifty thousand) to Rs. 25,00,000.00 (twenty-Five lakhs) ✔️ We offer attractive interest rates, and is up to 36% per Annum ✔️ Flexible loan repayment tenure ranging from 12 months to 84 months ✔️ Completely digital loan application process ✔️ Loan facility available at far flung locations ✔️ Instant approval and fast disbursement to your bank account ✔️ Assisted mode for onboarding journey How to apply for MSME business loan: ✔️ Download Choice Money App ✔️ Provide your details and check eligibility ✔️ Complete your KYC and documentation ✔️ Get loan amount disbursed in your bank account promptly 👉 An illustration on “How the loan modalities work?” as below: For Example, 👉 If, Loan Amount: Rs. 1,00,000.00 | Tenure: 12 Months | Rate of Interest (ROI): 20% | Processing Fee: 1.0% 👉 Then, Processing Fee Amount: Rs. 1,000.00 | EMI: Rs. 9,263.00 👉 Therefore, Total Interest Payable: 9,263.00 x 12 (months) – 1,00,000.00 (principal amount) = Rs. 11,161.00 👉 Total Amount repaid after 12 months will be Rs. 1,12,161.00 at an APR of 21.21%. 👉👉 These numbers are for representation purpose only. Actual interest rate, processing fee, and APR will depend upon customer’s credit assessment and other factors.