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These automated, contact-less business loans range between Rs. 10 lakhs to Rs. 1 Crore. The rate of interest starts at 8% and collateral coverage is not mandatory. This is because these loans are connected to the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. This works as a direct push for all MSME’s to put their best foot forward in making their entrepreneurial dreams a thriving reality. Additionally, the website has a turnaround time of 59 minutes to 20-25 days. Once the business loan has been approved, it will be disbursed in about a week.