Collateral-free credit: One of the key features of Saste Loans is that it provides collateral-free credit to micro, small, and medium enterprises (MSMEs). This means that MSMEs can access loans without needing to provide any collateral security. This is a major advantage for small businesses that do not have significant assets to pledge.

Low cost of borrowing: Another important benefit of Saste Loans is that it offers credit at a low cost of borrowing. The interest rates on loans provided by Saste Loans are typically lower than those of other loans. This makes it easier for MSMEs to manage their loan repayments.

Wide coverage: Saste Loans caters to a wide range of MSMEs, including those in the manufacturing, service, and trading sectors. This inclusivity ensures that businesses from various industries can access the credit they need, making the service more accessible to a larger number of enterprises.

Large loan amount: MSMEs can avail loans of up to INR 2 crores through Saste Loans. This enables businesses to meet their financial needs and expand their operations without worrying about the availability of credit.

Quick disbursement: Loans from Saste Loans are disbursed quickly, which helps MSMEs meet their urgent financial needs. This is particularly beneficial for small businesses that require immediate funds to cover day-to-day expenses or fulfill customer orders.

Simplified procedures: The loan application process at Saste Loans is straightforward and user-friendly. This ease of access helps MSMEs obtain credit without unnecessary hassle, which is crucial for small businesses with limited resources.

Risk-sharing: Saste Loans offers a risk-sharing mechanism to lenders. In cases where the borrower defaults, the risk is shared, reducing the financial burden on lenders and encouraging them to provide loans to MSMEs that might otherwise be deemed too risky.

In conclusion, Saste Loans is a valuable resource for MSMEs in India, providing access to credit without the need for collateral security. The company’s features, including collateral-free credit, low cost of borrowing, wide coverage, large loan amounts, quick disbursement, simplified procedures, and risk-sharing, make it a popular choice among small businesses in India.