- JUL 12 2022

What is the difference between Business loans and MSME Loans?

  • Business Loans are instalment loans for the purchase/ Renovation/Stock Addition/Asset Purchase for the purpose of upgradation of business to the next level. A Business loan can be availed by Individuals, Sole Proprietors, Partnership Firms, Private and Public Limited Companies, Limited Liability Partnerships, Trusts and Societies and who satisfy the credit parameters prescribed by LuLu Finserv.
  • MSME loans are instalment loans given for manufacturing activities and service Enterprises in the MSME segment as per the MSME definition in the MSMED Act.