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Frequently Asked Questions

Find answers to common questions about our loan products and processes

What is LoanVittus?

LoanVittus is a loan readiness and financial structuring platform built by Vittus Fintech Private Limited. We help individuals and MSMEs prepare bank-ready loan applications by automating Detailed Project Reports (DPR), Credit Monitoring Arrangements (CMA), and subsidy applications. Whether you need a personal loan, business loan, or subsidy-linked project finance — LoanVittus prepares your case so you apply with confidence.

You can download the LoanVittus app from the Google Play Store (for Android) or the Apple App Store (for iOS). Search for “LoanVittus” and look for the official app by Vittus Fintech Private Limited. You can also access all features through our website at loanvittus.com.

Yes. LoanVittus is built and operated by Vittus Fintech Private Limited. We implement encrypted data transmission, access-controlled storage, and confidential processing of all financial documents. Your data is used solely for generating your loan-related reports and is never shared with any third party without your explicit consent. We do not store sensitive credentials like banking passwords.

No. Vittus Fintech is not a bank, NBFC, or direct lender. We are a financial structuring and loan facilitation platform. We prepare your loan case — including DPR, CMA, and financial documentation — and connect you with appropriate banks and financial institutions. The final lending decision always rests with the bank.

No. Vittus Fintech is not a bank, NBFC, or direct lender. We are a financial structuring and loan facilitation platform. We prepare your loan case — including DPR, CMA, and financial documentation — and connect you with appropriate banks and financial institutions. The final lending decision always rests with the bank.

LoanVittus provides: (a) Automated DPR and CMA generation for MSME and project loans, (b) Loan eligibility assessment and financial health check, (c) Subsidy application support for PMEGP, CGTMSE, MUDRA, and state-level schemes, (d) AI-powered business idea generation tailored to your profile, (e) Personal and business loan facilitation, (f) Expert CA consultation for complex financial structuring, and (g) End-to-end application support from document preparation to bank submission.

Our platform offers solutions across four areas: (1) Loan Readiness — DPR, CMA, and financial structuring so your application is bank-ready; (2) Loan Facilitation — matching you with the right loan product and lender based on your profile; (3) Subsidy Support — preparing applications for government subsidy schemes with scheme-compliant documentation; and (4) Business Planning — AI-generated business ideas and feasibility analysis for aspiring entrepreneurs.

LoanVittus is designed for: salaried individuals looking for personal loans, MSME owners and small business entrepreneurs seeking business or project loans, aspiring entrepreneurs who need a bankable business plan and DPR, and anyone looking to apply for government subsidies under PMEGP, MUDRA, Stand-Up India, or similar schemes.

Basic features like eligibility checks and loan readiness assessments are available for free. Advanced services including DPR/CMA generation, detailed financial structuring, subsidy application support, and expert consultation are available as paid services. All charges are disclosed upfront before you proceed — there are no hidden fees.

You can reach us through: (a) the in-app support chat, (b) email at support@loanvittus.com, (c) the contact form on our website at loanvittus.com/contact, or (d) our customer support helpline listed on the app. Our team typically responds within 24 working hours.

Download the LoanVittus app or visit loanvittus.com. Create your account, enter your basic details, and our system will assess your profile and guide you to the right service — whether it is a DPR, CMA, eligibility check, subsidy application, or loan facilitation. You can also book a consultation with our expert team directly from the app.

Who is eligible for a personal loan through LoanVittus?

You are generally eligible if you are: a salaried individual with a regular income, or a self-employed professional with documented income. Common requirements include: age between 21–60 years, minimum monthly income (varies by lender, typically ₹15,000–25,000 for salaried), satisfactory credit score (generally 700+ for competitive rates), and at least 6–12 months in current employment or 2+ years in business (for self-employed). Specific criteria vary by lender. LoanVittus checks your eligibility and identifies suitable options.

Personal loan amounts typically range from ₹10,000 to ₹25 Lakh, depending on your income, credit score, existing EMI obligations, and the lender’s policy. Some lenders may offer higher amounts for premium profiles. LoanVittus assesses your profile and provides an estimated eligibility range.

Typically: PAN card and Aadhaar card, last 3–6 months’ salary slips (for salaried), last 6–12 months’ bank statements, Form 16 or ITR for the last 1–2 years, and employment proof (offer letter or ID card). Self-employed applicants may additionally need business registration and audited financials. Requirements vary by lender.

No. Personal loans are unsecured loans — no collateral, property, or guarantor is typically required. Approval is based on your income, credit score, and repayment capacity.

Personal loan interest rates in the market generally range from 10% to 24% p.a. depending on your credit profile, income level, loan amount, and the lender. A higher credit score and stable income typically get you a lower rate. LoanVittus does not determine the rate — this is set by the lending institution.

Most personal loans are processed within 2 to 7 working days from application, subject to document verification and lender processing. Some digital lenders offer same-day or next-day disbursement for pre-approved profiles. LoanVittus helps ensure your application is complete so there are no delays.

Processing fees generally range from 1% to 3% of the loan amount, varying by lender. Some lenders may waive processing fees during promotional periods. Always check the total cost of the loan including fees before accepting an offer.

Yes. Most lenders allow prepayment or foreclosure. For floating-rate personal loans, RBI guidelines prohibit foreclosure charges for individual borrowers. For fixed-rate loans, a foreclosure fee of 2–5% of outstanding principal may apply. Check your loan agreement for specific terms.

Missing an EMI can lead to: penal interest charges (typically 1–2% per month on the overdue amount), a negative impact on your credit score (which is reported to credit bureaus like CIBIL), and if payments remain overdue beyond 90 days, the account may be classified as NPA (Non-Performing Asset), severely impacting future borrowing. We strongly recommend setting up auto-debit or maintaining a repayment buffer.

While there is no universal minimum, most lenders prefer a CIBIL score of 700 or above for personal loans at competitive interest rates. Some lenders may consider applicants with scores between 650–700 at higher interest rates. A score below 650 significantly reduces approval chances for personal loans. LoanVittus helps you understand where you stand and what you can improve.

We can assess your profile and suggest steps to improve your eligibility — such as clearing outstanding dues, reducing existing EMI burden, or waiting for negative remarks to age out. For some cases, we may identify lenders or products that have more flexible credit score requirements. However, we cannot guarantee approval for low-score profiles.

What MSME loan products does LoanVittus support?

We support: (a) MSME Term Loans (for equipment, machinery, infrastructure), (b) Working Capital Loans (Cash Credit / Overdraft), (c) Project Loans (for new ventures with DPR), (d) CGTMSE-backed collateral-free loans up to ₹2 Crore, (e) MUDRA Loans (Shishu up to ₹50,000, Kishore up to ₹5 Lakh, Tarun up to ₹10 Lakh), and (f) Subsidy-linked project loans under PMEGP and state schemes.

Generally, you are eligible if: your business is classified as Micro, Small, or Medium Enterprise under the MSMED Act (Udyam registered or eligible for registration), you have a valid business registration (proprietorship, partnership, LLP, or company), you have a viable business plan or project proposal, and your credit history is satisfactory. Specific eligibility criteria vary by lender and loan product. LoanVittus assesses your eligibility and identifies the best-fit loan product for your profile.

Loan amounts depend on: your business turnover and profitability, the project cost (for new ventures), your existing liabilities, credit score, and the strength of your DPR/CMA. There is no universal fixed limit. Under CGTMSE, loans up to ₹2 Crore are available without collateral. Under MUDRA, the maximum is ₹10 Lakh. For larger amounts, banks assess based on project viability and your financial standing. LoanVittus analyses your profile and provides an estimated eligibility range.

Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.

A Detailed Project Report (DPR) is a comprehensive document covering your project cost, means of finance, revenue projections, profitability, and loan repayment capacity. Banks use it to evaluate whether your project is viable and whether you can repay the loan. For term loans and project loans, most banks will not process your application without a properly prepared DPR. LoanVittus generates bank-ready DPRs automatically based on your inputs.
Credit Monitoring Arrangement (CMA) is a structured financial data format prescribed by RBI. Banks use it to assess working capital requirements. CMA includes your current and projected Balance Sheet, Profit & Loss, Fund Flow statement, and working capital assessment. It is required for Cash Credit, Overdraft, and working capital loan proposals. LoanVittus generates CMA data in the standard banking format.
Typical documents include: PAN and Aadhaar of proprietor/partners/directors, Udyam Registration Certificate, business registration documents (GST certificate, partnership deed, MOA/AOA as applicable), last 2–3 years’ ITR with computation, audited financial statements (Balance Sheet and P&L), last 12 months’ bank statements, project cost estimates or quotations (for new projects), and DPR/CMA (which LoanVittus generates). Specific banks may request additional documents during appraisal.
Indicative timelines: MUDRA loans — 7 to 15 working days; MSME term loans (up to ₹50 Lakh) — 10 to 25 working days; Project loans with DPR — 15 to 45 working days; Working capital (CC/OD) — 15 to 30 working days. Actual timelines depend on the bank’s appraisal process, completeness of documentation, and loan amount. LoanVittus reduces delays by ensuring your application and DPR are complete and bank-ready from day one.
The most common reasons are: (1) Incomplete or inconsistent financial statements — mismatch between ITR, bank statements, and GST returns, (2) Weak or missing DPR/CMA — banks cannot assess viability without these, (3) Low credit score or adverse credit history (defaults, bounced cheques, existing overdue), (4) High existing debt or unfavourable Debt Service Coverage Ratio (DSCR), (5) Working capital gap not properly justified or documented, (6) Incorrect loan structuring — applying for the wrong product or amount, and (7) Insufficient promoter contribution or margin money. LoanVittus identifies and addresses each of these before you apply.
Yes. We analyse the likely reasons for your rejection, restructure your financials and projections, prepare a fresh DPR/CMA addressing the identified gaps, and help you reapply to the same or a more suitable lender. Many MSME loans are rejected not because the business is weak, but because the application was poorly structured or documentation was incomplete.
Indicative market ranges (as of the date of this FAQ): MUDRA loans — 8–12% p.a.; MSME term loans — 9–16% p.a.; Working capital (CC/OD) — 9–15% p.a. Rates depend on your credit profile, loan amount, tenure, whether the loan is secured or unsecured, and the lender’s own policies. LoanVittus does not set or guarantee any interest rate — these are determined entirely by the lending institution.

Step 1: Sign up and enter your business and financial details. Step 2: Our system analyses your profile, credit readiness, and project viability. Step 3: DPR and/or CMA is generated in bank-ready format. Step 4: Suitable loan products and lenders are identified. Step 5: Application is prepared with complete documentation. Step 6: Submission support and post-submission follow-up with the bank.

What is a working capital loan?

A loan to fund your day-to-day business expenses – buying raw material,
paying salaries, managing inventory, and keeping operations running
smoothly. Unlike a term loan (for a specific asset), working capital keeps
your business cash flow healthy through its regular operating cycle.

Three main types: (a) Cash Credit (CC) – draw and repay as needed,
interest only on amount used; (b) Overdraft (OD) – similar, linked to your
current account; (c) Short-term working capital loan – lump sum for a fixed
period. LoanVittus helps identify which type suits your business cycle and
cash flow pattern.

Banks look at your sales, inventory, how fast customers pay you, and how
fast you pay suppliers. They use methods like MPBF (Maximum
Permissible Bank Finance) – typically 25% of projected turnover for loans
up to ₹5 Crore, or detailed assessment for larger facilities. This is
calculated through your CMA data. LoanVittus generates CMA in
standard banking format.

Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.

CMA is a standard financial format that banks use to assess your working
capital need. It shows your current and projected financials in the way
banks want to see them – including Balance Sheet, P&L, Fund Flow, and
MPBF calculation. Required for almost all CC/OD proposals and annual
renewals. Without a well-prepared CMA, your limit will be sub-optimal.

Banks deduct your expected contribution (usually 25%), exclude non-
business assets, and calculate based on your actual business cycle – not
what you think you need. If your receivables are fast or inventory is lean,
the assessed need is lower. High creditor days also reduce the gap.
LoanVittus helps optimise your CMA to get the maximum justifiable limit.

CMA data (LoanVittus generates this), last 2–3 years’ financials, 12
months’ bank statements, GST returns, latest stock statement, debtor-
creditor ageing details, PAN, Aadhaar, and business registration. For CC
facilities, banks may also require a stock hypothecation agreement.

Common reasons: mismatch between your CMA projections and actual
financials, slow collections from customers (high debtor days), weak
current ratio (banks prefer 1.33+), frequent cheque bounces, declining
sales trends, or adverse stock audit findings. Banks also check account
conduct – over-utilisation of existing limits is a red flag. LoanVittus
addresses these before you apply.

If you have a CC account, the bank sends auditors (quarterly/half-yearly)
to physically check your inventory. Significant discrepancies between what
you reported and what’s actually there can reduce your drawing power,
trigger additional margin demands, or in extreme cases, lead to facility
recall. Accurate stock records are critical.

Yes, this is very common. Your DPR covers the term loan and CMA
covers working capital. Banks assess both as a combined proposal.
LoanVittus generates combined DPR + CMA, ensuring repayment
analysis accounts for both facilities together.

Indicative ranges: CC: 8.5% –15% p.a.; OD: 9–14% p.a.; Short-term WC:
9%–16% p.a. Interest on CC/OD is charged only on the amount you
actually use, not the full limit. Rates may vary based on borrower profile,
lender policy, and economic conditions. LoanVittus does not determine
rates.

We generate bank-standard CMA data, analyse your business cycle to
justify the right limit, help you explore suitable lender options., prepare
renewal documentation, and generate combined DPR + CMA for multi-
facility proposals. We assist in organising financial information – we do not
make lending decisions.

What is a machinery loan?

A business loan to purchase equipment, plant, or machinery for your operations. It can cover new machines, technology upgrades, plant modernisation, and in some cases refurbished equipment. Installation, commissioning, and transport costs may also be included, subject to
lender policy.

Yes, if you are a registered MSME or manufacturer (proprietorship,
partnership, LLP, or company) with a viable business plan, basic financial
records, and Udyam registration (or eligible for it). Specific criteria vary by
lender and loan amount.

Banks typically finance 70–90% of machinery cost. You contribute the
remaining 10–30% as margin money. Under CGTMSE, collateral-free
loans may be available up to ₹2 Crore (guarantee coverage does not
imply automatic approval). LoanVittus estimates your eligible range
and matches you with suitable lenders.

Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.

Some lenders do finance used machinery, but it must be valued by an
approved valuer, and the loan amount may be lower (50–70% of assessed
value). Remaining useful life matters. Not all banks offer this – LoanVittus
helps identify lenders who finance pre-owned equipment.

Machinery quotation, business registration, Udyam certificate, last 2–3
years’ financials and ITR, 12 months’ bank statements, PAN, Aadhaar,
and a DPR (which LoanVittus generates). For larger projects, banks may
also require site inspection reports or technical feasibility studies.

Banks need to see that the machine will generate enough revenue and
cash flow to repay the loan. A DPR presents this clearly – covering ROI,
incremental revenue, cash flow projections, and repayment capacity
(DSCR). Without it, most term loan applications are rejected or delayed.
LoanVittus generates bank-ready DPRs with these calculations built
in.

Typically 3–7 years, depending on machine cost, useful life, and your
repayment capacity. Some high-value capital equipment may get up to 10
years. Tenure is structured in the DPR to ensure monthly payments are
manageable against projected cash flows.

Yes. Banks usually require comprehensive machinery insurance (fire,
theft, natural disaster, breakdown) as a loan condition. The machine
serves as primary security, so insurance is mandatory. Factor the cost into
your total project estimate.

Yes. We analyse the likely reasons for your rejection, restructure your financials and projections, prepare a fresh DPR/CMA addressing the identified gaps, and help you reapply to the same or a more suitable lender. Many MSME loans are rejected not because the business is weak, but because the application was poorly structured or documentation was incomplete.

Yes, depending on the scheme: PMEGP offers 15–35% margin money
subsidy for new manufacturing units; CLCSS provides subsidy for
technology upgradation; state MSME schemes may offer additional capital
subsidy. Eligibility is subject to scheme guidelines and nodal agency
approval. LoanVittus automatically identifies applicable schemes for
your project.

Small loans (up to ₹25 Lakh): 10–20 working days. Medium loans (up to
₹2 Crore): 15–30 days. Larger projects: 30–45+ days. Timelines depend
on documentation completeness and whether valuation or site inspection
is needed. A complete DPR from day one reduces delays.

Indicative market rates range from 9–16% p.a., depending on your profile,
loan amount, and whether collateral is offered. These rates may vary
based on borrower profile, lender policy, and economic conditions.
LoanVittus does not set rates – the bank decides. Always compare offers
before accepting.

We prepare your bank-ready DPR, help organise your financials,
automatically match you with suitable lenders and subsidy
schemes, and assist with complete application preparation. Includes CMA
generation if working capital is also needed. We do not make lending
decisions – we help you present the strongest possible case to the bank.

What is an agriculture loan?
A loan for farming, dairy, poultry, fisheries, food processing, and other agriculture-related activities. Agri loans get special benefits because banks are required to lend to this sector under RBI’s Priority Sector Lending norms – making them generally more accessible and cheaper than regular business loans.
Farmers, agri-entrepreneurs, dairy and poultry operators, fisheries, food processing units, and Farmer Producer Organisations (FPOs). Both individuals and groups (Joint Liability Groups, Self-Help Groups) can apply. Tenant farmers are also eligible for many schemes. Specific criteria depend on loan type and lender.

Crop loans (short-term, repaid after harvest), Kisan Credit Card (KCC –
flexible revolving credit), term loans (for equipment, dairy/poultry setup,
infrastructure), and agri-business loans (food processing, cold storage,
agri-tech). Each has different repayment structures and eligibility.

KCC gives farmers flexible access to credit for crop production, post-
harvest expenses, and farm maintenance. If you repay on time, the
effective interest rate can be as low as 4% p.a. (subject to government
subvention and lender terms). Available through most public sector and
cooperative banks.

For crop loans and KCC up to ₹1.6 Lakh – no collateral required (RBI
guideline). Above that, banks may ask for charge on agricultural land. For
agri-business term loans, it depends on loan size and lender – CGTMSE
and NABARD-supported collateral-free options may be available for
eligible projects.

Interest subvention on crop loans up to ₹3 Lakh (effective rate as low as
4% p.a. for timely repayment); NABARD schemes for dairy/poultry/rural
infrastructure; DEDS capital subsidy for dairy; Agriculture Infrastructure
Fund (AIF) with interest subvention + CGTMSE coverage; and state-level
subsidies for irrigation, horticulture, and farm mechanisation. LoanVittus
helps identify applicable schemes based on your project type.

PAN, Aadhaar, land records (7/12 extract, title deed) or tenancy
agreement, crop or business details, bank statements, and project cost
estimates (for term loans). For agri-business term loans, a DPR is usually
required. Specific requirements vary by loan type and lender.

Currently, we provide guidance on scheme eligibility, documentation
requirements, and general loan readiness. Full agri DPR generation is under development and will launch soon – covering dairy, poultry, food processing, cold storage, fisheries, and aquaculture. Sign up on the
platform to be notified when it goes live.

Agri loans get special treatment: lower interest rates (with government
subsidy), relaxed collateral rules, repayment aligned with harvest cycles
(not fixed monthly EMIs for crop loans), and priority sector status. These
benefits make agri lending significantly more affordable for eligible
borrowers.

KCC and crop loans: 7–15 working days. Equipment term loans: 15–30
days. Agri-business projects (with DPR): 30–60 days. Timelines vary
significantly between cooperative and commercial banks. Complete
documentation and a well-prepared DPR reduce processing time.

What is a business expansion loan?

A loan for existing businesses to grow – new branches, more capacity,
new markets, or new products. Unlike startup loans, banks evaluate your
existing track record and what the expansion will add, not just the project
cost.

Generally yes, if your business has been running for 2–3 years (some
lenders accept 1 year), has consistent financial records, manageable
existing debt, and a clear growth plan. LoanVittus assesses your profile
and matches you with best-fit lenders.

Depends on your business’s past performance, projected growth, and
existing liabilities. Banks lend based on your ability to repay – not just the
project cost. Your combined repayment capacity (existing + new loan)
must meet bank thresholds. LoanVittus analyses this and provides an
estimated eligibility range.

For loans up to ₹2 Crore, CGTMSE-backed collateral-free options may be
available (guarantee coverage does not imply automatic approval). Larger
loans typically need property or other security. LoanVittus helps explore
collateral-free routes where applicable.

A Detailed Project Report (DPR) is a comprehensive document covering your project cost, means of finance, revenue projections, profitability, and loan repayment capacity. Banks use it to evaluate whether your project is viable and whether you can repay the loan. For term loans and project loans, most banks will not process your application without a properly prepared DPR. LoanVittus generates bank-ready DPRs automatically based on your inputs.
Getting rejected doesn’t mean your business is weak – often, the application was just poorly structured. We analyse likely reasons (which banks rarely communicate clearly), help reorganise your financials, prepare a fresh DPR addressing identified gaps, and assist you in reapplying to the same or a more suitable lender.
Up to ₹50 Lakh: 10–25 working days. ₹50 Lakh to ₹2 Crore: 15–35 days. Larger projects: 30–45+ days. A complete DPR and application from day one reduces processing time significantly.
Indicative ranges: Secured expansion loans – 9–14% p.a.; Unsecured/CGTMSE-backed – 10–16% p.a. Rates may vary based on borrower profile, lender policy, and economic conditions. LoanVittus does not set rates – these are determined by the lending institution.
The most common reasons are: (1) Incomplete or inconsistent financial statements — mismatch between ITR, bank statements, and GST returns, (2) Weak or missing DPR/CMA — banks cannot assess viability without these, (3) Low credit score or adverse credit history (defaults, bounced cheques, existing overdue), (4) High existing debt or unfavourable Debt Service Coverage Ratio (DSCR), (5) Working capital gap not properly justified or documented, (6) Incorrect loan structuring — applying for the wrong product or amount, and (7) Insufficient promoter contribution or margin money. LoanVittus identifies and addresses each of these before you apply.
We prepare a DPR that clearly shows existing performance plus expansion impact, assess your combined repayment capacity, automatically match you with suitable lenders and subsidy schemes, and assist with complete documentation. Includes post-rejection analysis and re-application support. We assist in organising financial information – we do not make lending decisions.
What government subsidy schemes does LoanVittus support?

We currently support DPR preparation and application assistance for: PMEGP (Prime Minister’s Employment Generation Programme), CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), MUDRA (Micro Units Development and Refinance Agency), Stand-Up India (for SC/ST and women entrepreneurs), and select state-level MSME subsidy schemes. Scheme availability and terms are subject to government notifications and may change.

PMEGP is a central government scheme for setting up new micro enterprises in manufacturing and service sectors. The subsidy (called margin money) ranges from 15% to 35% of the project cost depending on the applicant category (general/SC/ST/women/minority) and project location (urban/rural). Important: The subsidy is not given as upfront cash. The bank disburses the full loan, and the subsidy amount is deposited as a fixed deposit in your name, which is released after a 3-year lock-in period. Maximum project cost: ₹50 Lakh (manufacturing) and ₹20 Lakh (service). LoanVittus prepares your DPR and application in the format required by the nodal agency (KVIC/KVIB/DIC).

You may be eligible if: you are 18 years or above, you have passed at least 8th standard (for projects above ₹10 Lakh in manufacturing or ₹5 Lakh in service), the project is a new unit (not an expansion or existing business), and you have not availed of any other government subsidy for the same project. Existing PMRY, REGP, or other scheme beneficiaries are not eligible. Specific eligibility is verified by the nodal agency (KVIC, KVIB, or DIC).

CGTMSE provides a credit guarantee to banks, allowing them to lend to MSMEs without requiring collateral or third-party guarantee for loans up to ₹2 Crore. This means the bank’s risk is partially covered by the guarantee trust, making them more willing to lend. LoanVittus prepares your application and DPR in CGTMSE-compliant format. Note: CGTMSE coverage is not automatic — the bank must apply for the guarantee, and approval is at the discretion of CGTMSE and the bank.

MUDRA provides loans to micro and small enterprises through banks and MFIs. There are three categories: Shishu (loans up to ₹50,000), Kishore (loans from ₹50,001 to ₹5 Lakh), and Tarun(loans from ₹5,00,001 to ₹10 Lakh). No collateral is required. These are available for manufacturing, trading, and service activities. LoanVittus helps identify the right MUDRA category and prepares the necessary documentation.

Stand-Up India provides bank loans between ₹10 Lakh and ₹1 Crore to at least one SC/ST borrower and one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services, or trading. LoanVittus prepares the DPR and assists with documentation for Stand-Up India applications.

Common documents include: identity and address proof (PAN, Aadhaar), educational qualification proof (for PMEGP), caste certificate (for SC/ST/OBC category benefits), EDP/skill training certificate (if applicable), project cost estimates and quotations, and the DPR in the scheme-specific format (which LoanVittus generates). Spec

The full cycle from application to subsidy release typically takes: Application to bank sanction — 30 to 90 days; Bank sanction to disbursement — 15 to 45 days; Subsidy margin money credit — within 30 days of disbursement (varies); Lock-in period before subsidy release — 3 years (for PMEGP). Timelines vary significantly by bank, scheme, and district. A well-prepared DPR and co

Generally, you cannot avail subsidy under more than one scheme for the same project. However, you may use CGTMSE guarantee coverage alongside a subsidy scheme (since CGTMSE is a guarantee, not a subsidy). LoanVittus advises you on the best scheme combination based on your project type and profile.

No. Subsidy approval is determined by the nodal agency (KVIC, KVIB, DIC) and the bank. LoanVittus ensures your DPR and application are prepared in the correct format with all required documentation, which significantly improves your chances. But the final decision rests with the scheme authorities.

What is the Business Ideas feature on LoanVittus?

LoanVittus uses AI to generate business ideas tailored to your profile. Based on inputs like your location, skills, investment capacity, and interests, our system suggests viable business opportunities that are relevant to your market and financial situation. Each idea includes a preliminary assessment of market demand, estimated investment, and loan eligibility potential.

Our AI analyses multiple factors including: your educational background and skills, your available investment or budget range, local market conditions and demand patterns, sectors that banks actively finance, and alignment with government subsidy schemes. The output is a curated set of ideas designed to be practically viable and bankable — not generic textbook suggestions.

The ideas are generated based on market data, scheme eligibility patterns, and financial feasibility indicators. They serve as a strong starting point for your business planning. However, we recommend validating any idea with local market research and, for significant investments, getting an expert review. LoanVittus also offers consultation services for deeper analysis.

Yes. If you select a business idea from our AI-generated suggestions, you can directly proceed to generate a Detailed Project Report (DPR) for that idea. The DPR will include project cost estimates, means of finance, revenue projections, and repayment schedules — everything a bank needs to evaluate your loan application.

Many of the ideas generated are designed keeping subsidy scheme eligibility in mind. The system considers PMEGP, MUDRA, and state-level MSME scheme requirements while generating suggestions. However, actual subsidy eligibility is verified by the nodal agency and depends on your individual profile and project specifics.

The basic business idea generation feature is available as part of the platform experience. Detailed feasibility analysis, custom DPR generation, and expert consultation for specific ideas are available as paid services. Pricing is disclosed before you proceed.

Yes. The AI-generated ideas are starting points. You can adjust parameters like investment amount, location, and sector preference to refine the suggestions. When you move to DPR generation, you can further customise the assumptions and projections based on your specific plans.

What is LoanVittus?

LoanVittus is a loan readiness and financial structuring platform built by Vittus Fintech Private Limited. We help individuals and MSMEs prepare bank-ready loan applications by automating Detailed Project Reports (DPR), Credit Monitoring Arrangements (CMA), and subsidy applications. Whether you need a personal loan, business loan, or subsidy-linked project finance — LoanVittus prepares your case so you apply with confidence.

You can download the LoanVittus app from the Google Play Store (for Android) or the Apple App Store (for iOS). Search for “LoanVittus” and look for the official app by Vittus Fintech Private Limited. You can also access all features through our website at loanvittus.com.

Yes. LoanVittus is built and operated by Vittus Fintech Private Limited. We implement encrypted data transmission, access-controlled storage, and confidential processing of all financial documents. Your data is used solely for generating your loan-related reports and is never shared with any third party without your explicit consent. We do not store sensitive credentials like banking passwords.

No. Vittus Fintech is not a bank, NBFC, or direct lender. We are a financial structuring and loan facilitation platform. We prepare your loan case — including DPR, CMA, and financial documentation — and connect you with appropriate banks and financial institutions. The final lending decision always rests with the bank.

No. Vittus Fintech is not a bank, NBFC, or direct lender. We are a financial structuring and loan facilitation platform. We prepare your loan case — including DPR, CMA, and financial documentation — and connect you with appropriate banks and financial institutions. The final lending decision always rests with the bank.

LoanVittus provides: (a) Automated DPR and CMA generation for MSME and project loans, (b) Loan eligibility assessment and financial health check, (c) Subsidy application support for PMEGP, CGTMSE, MUDRA, and state-level schemes, (d) AI-powered business idea generation tailored to your profile, (e) Personal and business loan facilitation, (f) Expert CA consultation for complex financial structuring, and (g) End-to-end application support from document preparation to bank submission.

Our platform offers solutions across four areas: (1) Loan Readiness — DPR, CMA, and financial structuring so your application is bank-ready; (2) Loan Facilitation — matching you with the right loan product and lender based on your profile; (3) Subsidy Support — preparing applications for government subsidy schemes with scheme-compliant documentation; and (4) Business Planning — AI-generated business ideas and feasibility analysis for aspiring entrepreneurs.

LoanVittus is designed for: salaried individuals looking for personal loans, MSME owners and small business entrepreneurs seeking business or project loans, aspiring entrepreneurs who need a bankable business plan and DPR, and anyone looking to apply for government subsidies under PMEGP, MUDRA, Stand-Up India, or similar schemes.

Basic features like eligibility checks and loan readiness assessments are available for free. Advanced services including DPR/CMA generation, detailed financial structuring, subsidy application support, and expert consultation are available as paid services. All charges are disclosed upfront before you proceed — there are no hidden fees.

You can reach us through: (a) the in-app support chat, (b) email at support@loanvittus.com, (c) the contact form on our website at loanvittus.com/contact, or (d) our customer support helpline listed on the app. Our team typically responds within 24 working hours.

Download the LoanVittus app or visit loanvittus.com. Create your account, enter your basic details, and our system will assess your profile and guide you to the right service — whether it is a DPR, CMA, eligibility check, subsidy application, or loan facilitation. You can also book a consultation with our expert team directly from the app.

Who is eligible for a personal loan through LoanVittus?

You are generally eligible if you are: a salaried individual with a regular income, or a self-employed professional with documented income. Common requirements include: age between 21–60 years, minimum monthly income (varies by lender, typically ₹15,000–25,000 for salaried), satisfactory credit score (generally 700+ for competitive rates), and at least 6–12 months in current employment or 2+ years in business (for self-employed). Specific criteria vary by lender. LoanVittus checks your eligibility and identifies suitable options.

Personal loan amounts typically range from ₹10,000 to ₹25 Lakh, depending on your income, credit score, existing EMI obligations, and the lender’s policy. Some lenders may offer higher amounts for premium profiles. LoanVittus assesses your profile and provides an estimated eligibility range.

Typically: PAN card and Aadhaar card, last 3–6 months’ salary slips (for salaried), last 6–12 months’ bank statements, Form 16 or ITR for the last 1–2 years, and employment proof (offer letter or ID card). Self-employed applicants may additionally need business registration and audited financials. Requirements vary by lender.

No. Personal loans are unsecured loans — no collateral, property, or guarantor is typically required. Approval is based on your income, credit score, and repayment capacity.

Personal loan interest rates in the market generally range from 10% to 24% p.a. depending on your credit profile, income level, loan amount, and the lender. A higher credit score and stable income typically get you a lower rate. LoanVittus does not determine the rate — this is set by the lending institution.

Most personal loans are processed within 2 to 7 working days from application, subject to document verification and lender processing. Some digital lenders offer same-day or next-day disbursement for pre-approved profiles. LoanVittus helps ensure your application is complete so there are no delays.

Processing fees generally range from 1% to 3% of the loan amount, varying by lender. Some lenders may waive processing fees during promotional periods. Always check the total cost of the loan including fees before accepting an offer.

Yes. Most lenders allow prepayment or foreclosure. For floating-rate personal loans, RBI guidelines prohibit foreclosure charges for individual borrowers. For fixed-rate loans, a foreclosure fee of 2–5% of outstanding principal may apply. Check your loan agreement for specific terms.

Missing an EMI can lead to: penal interest charges (typically 1–2% per month on the overdue amount), a negative impact on your credit score (which is reported to credit bureaus like CIBIL), and if payments remain overdue beyond 90 days, the account may be classified as NPA (Non-Performing Asset), severely impacting future borrowing. We strongly recommend setting up auto-debit or maintaining a repayment buffer.

While there is no universal minimum, most lenders prefer a CIBIL score of 700 or above for personal loans at competitive interest rates. Some lenders may consider applicants with scores between 650–700 at higher interest rates. A score below 650 significantly reduces approval chances for personal loans. LoanVittus helps you understand where you stand and what you can improve.

We can assess your profile and suggest steps to improve your eligibility — such as clearing outstanding dues, reducing existing EMI burden, or waiting for negative remarks to age out. For some cases, we may identify lenders or products that have more flexible credit score requirements. However, we cannot guarantee approval for low-score profiles.

What MSME loan products does LoanVittus support?

We support: (a) MSME Term Loans (for equipment, machinery, infrastructure), (b) Working Capital Loans (Cash Credit / Overdraft), (c) Project Loans (for new ventures with DPR), (d) CGTMSE-backed collateral-free loans up to ₹2 Crore, (e) MUDRA Loans (Shishu up to ₹50,000, Kishore up to ₹5 Lakh, Tarun up to ₹10 Lakh), and (f) Subsidy-linked project loans under PMEGP and state schemes.

Generally, you are eligible if: your business is classified as Micro, Small, or Medium Enterprise under the MSMED Act (Udyam registered or eligible for registration), you have a valid business registration (proprietorship, partnership, LLP, or company), you have a viable business plan or project proposal, and your credit history is satisfactory. Specific eligibility criteria vary by lender and loan product. LoanVittus assesses your eligibility and identifies the best-fit loan product for your profile.

Loan amounts depend on: your business turnover and profitability, the project cost (for new ventures), your existing liabilities, credit score, and the strength of your DPR/CMA. There is no universal fixed limit. Under CGTMSE, loans up to ₹2 Crore are available without collateral. Under MUDRA, the maximum is ₹10 Lakh. For larger amounts, banks assess based on project viability and your financial standing. LoanVittus analyses your profile and provides an estimated eligibility range.

Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.

A Detailed Project Report (DPR) is a comprehensive document covering your project cost, means of finance, revenue projections, profitability, and loan repayment capacity. Banks use it to evaluate whether your project is viable and whether you can repay the loan. For term loans and project loans, most banks will not process your application without a properly prepared DPR. LoanVittus generates bank-ready DPRs automatically based on your inputs.
Credit Monitoring Arrangement (CMA) is a structured financial data format prescribed by RBI. Banks use it to assess working capital requirements. CMA includes your current and projected Balance Sheet, Profit & Loss, Fund Flow statement, and working capital assessment. It is required for Cash Credit, Overdraft, and working capital loan proposals. LoanVittus generates CMA data in the standard banking format.
Typical documents include: PAN and Aadhaar of proprietor/partners/directors, Udyam Registration Certificate, business registration documents (GST certificate, partnership deed, MOA/AOA as applicable), last 2–3 years’ ITR with computation, audited financial statements (Balance Sheet and P&L), last 12 months’ bank statements, project cost estimates or quotations (for new projects), and DPR/CMA (which LoanVittus generates). Specific banks may request additional documents during appraisal.
Indicative timelines: MUDRA loans — 7 to 15 working days; MSME term loans (up to ₹50 Lakh) — 10 to 25 working days; Project loans with DPR — 15 to 45 working days; Working capital (CC/OD) — 15 to 30 working days. Actual timelines depend on the bank’s appraisal process, completeness of documentation, and loan amount. LoanVittus reduces delays by ensuring your application and DPR are complete and bank-ready from day one.
The most common reasons are: (1) Incomplete or inconsistent financial statements — mismatch between ITR, bank statements, and GST returns, (2) Weak or missing DPR/CMA — banks cannot assess viability without these, (3) Low credit score or adverse credit history (defaults, bounced cheques, existing overdue), (4) High existing debt or unfavourable Debt Service Coverage Ratio (DSCR), (5) Working capital gap not properly justified or documented, (6) Incorrect loan structuring — applying for the wrong product or amount, and (7) Insufficient promoter contribution or margin money. LoanVittus identifies and addresses each of these before you apply.
Yes. We analyse the likely reasons for your rejection, restructure your financials and projections, prepare a fresh DPR/CMA addressing the identified gaps, and help you reapply to the same or a more suitable lender. Many MSME loans are rejected not because the business is weak, but because the application was poorly structured or documentation was incomplete.
Indicative market ranges (as of the date of this FAQ): MUDRA loans — 8–12% p.a.; MSME term loans — 9–16% p.a.; Working capital (CC/OD) — 9–15% p.a. Rates depend on your credit profile, loan amount, tenure, whether the loan is secured or unsecured, and the lender’s own policies. LoanVittus does not set or guarantee any interest rate — these are determined entirely by the lending institution.

Step 1: Sign up and enter your business and financial details. Step 2: Our system analyses your profile, credit readiness, and project viability. Step 3: DPR and/or CMA is generated in bank-ready format. Step 4: Suitable loan products and lenders are identified. Step 5: Application is prepared with complete documentation. Step 6: Submission support and post-submission follow-up with the bank.

What is a working capital loan?

A loan to fund your day-to-day business expenses – buying raw material,
paying salaries, managing inventory, and keeping operations running
smoothly. Unlike a term loan (for a specific asset), working capital keeps
your business cash flow healthy through its regular operating cycle.

Three main types: (a) Cash Credit (CC) – draw and repay as needed,
interest only on amount used; (b) Overdraft (OD) – similar, linked to your
current account; (c) Short-term working capital loan – lump sum for a fixed
period. LoanVittus helps identify which type suits your business cycle and
cash flow pattern.

Banks look at your sales, inventory, how fast customers pay you, and how
fast you pay suppliers. They use methods like MPBF (Maximum
Permissible Bank Finance) – typically 25% of projected turnover for loans
up to ₹5 Crore, or detailed assessment for larger facilities. This is
calculated through your CMA data. LoanVittus generates CMA in
standard banking format.

Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.

CMA is a standard financial format that banks use to assess your working
capital need. It shows your current and projected financials in the way
banks want to see them – including Balance Sheet, P&L, Fund Flow, and
MPBF calculation. Required for almost all CC/OD proposals and annual
renewals. Without a well-prepared CMA, your limit will be sub-optimal.

Banks deduct your expected contribution (usually 25%), exclude non-
business assets, and calculate based on your actual business cycle – not
what you think you need. If your receivables are fast or inventory is lean,
the assessed need is lower. High creditor days also reduce the gap.
LoanVittus helps optimise your CMA to get the maximum justifiable limit.

CMA data (LoanVittus generates this), last 2–3 years’ financials, 12
months’ bank statements, GST returns, latest stock statement, debtor-
creditor ageing details, PAN, Aadhaar, and business registration. For CC
facilities, banks may also require a stock hypothecation agreement.

Common reasons: mismatch between your CMA projections and actual
financials, slow collections from customers (high debtor days), weak
current ratio (banks prefer 1.33+), frequent cheque bounces, declining
sales trends, or adverse stock audit findings. Banks also check account
conduct – over-utilisation of existing limits is a red flag. LoanVittus
addresses these before you apply.

If you have a CC account, the bank sends auditors (quarterly/half-yearly)
to physically check your inventory. Significant discrepancies between what
you reported and what’s actually there can reduce your drawing power,
trigger additional margin demands, or in extreme cases, lead to facility
recall. Accurate stock records are critical.

Yes, this is very common. Your DPR covers the term loan and CMA
covers working capital. Banks assess both as a combined proposal.
LoanVittus generates combined DPR + CMA, ensuring repayment
analysis accounts for both facilities together.

Indicative ranges: CC: 8.5% –15% p.a.; OD: 9–14% p.a.; Short-term WC:
9%–16% p.a. Interest on CC/OD is charged only on the amount you
actually use, not the full limit. Rates may vary based on borrower profile,
lender policy, and economic conditions. LoanVittus does not determine
rates.

We generate bank-standard CMA data, analyse your business cycle to
justify the right limit, help you explore suitable lender options., prepare
renewal documentation, and generate combined DPR + CMA for multi-
facility proposals. We assist in organising financial information – we do not
make lending decisions.

What is a machinery loan?

A business loan to purchase equipment, plant, or machinery for your operations. It can cover new machines, technology upgrades, plant modernisation, and in some cases refurbished equipment. Installation, commissioning, and transport costs may also be included, subject to
lender policy.

Yes, if you are a registered MSME or manufacturer (proprietorship,
partnership, LLP, or company) with a viable business plan, basic financial
records, and Udyam registration (or eligible for it). Specific criteria vary by
lender and loan amount.

Banks typically finance 70–90% of machinery cost. You contribute the
remaining 10–30% as margin money. Under CGTMSE, collateral-free
loans may be available up to ₹2 Crore (guarantee coverage does not
imply automatic approval). LoanVittus estimates your eligible range
and matches you with suitable lenders.

Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.

Some lenders do finance used machinery, but it must be valued by an
approved valuer, and the loan amount may be lower (50–70% of assessed
value). Remaining useful life matters. Not all banks offer this – LoanVittus
helps identify lenders who finance pre-owned equipment.

Machinery quotation, business registration, Udyam certificate, last 2–3
years’ financials and ITR, 12 months’ bank statements, PAN, Aadhaar,
and a DPR (which LoanVittus generates). For larger projects, banks may
also require site inspection reports or technical feasibility studies.

Banks need to see that the machine will generate enough revenue and
cash flow to repay the loan. A DPR presents this clearly – covering ROI,
incremental revenue, cash flow projections, and repayment capacity
(DSCR). Without it, most term loan applications are rejected or delayed.
LoanVittus generates bank-ready DPRs with these calculations built
in.

Typically 3–7 years, depending on machine cost, useful life, and your
repayment capacity. Some high-value capital equipment may get up to 10
years. Tenure is structured in the DPR to ensure monthly payments are
manageable against projected cash flows.

Yes. Banks usually require comprehensive machinery insurance (fire,
theft, natural disaster, breakdown) as a loan condition. The machine
serves as primary security, so insurance is mandatory. Factor the cost into
your total project estimate.

Yes. We analyse the likely reasons for your rejection, restructure your financials and projections, prepare a fresh DPR/CMA addressing the identified gaps, and help you reapply to the same or a more suitable lender. Many MSME loans are rejected not because the business is weak, but because the application was poorly structured or documentation was incomplete.

Yes, depending on the scheme: PMEGP offers 15–35% margin money
subsidy for new manufacturing units; CLCSS provides subsidy for
technology upgradation; state MSME schemes may offer additional capital
subsidy. Eligibility is subject to scheme guidelines and nodal agency
approval. LoanVittus automatically identifies applicable schemes for
your project.

Small loans (up to ₹25 Lakh): 10–20 working days. Medium loans (up to
₹2 Crore): 15–30 days. Larger projects: 30–45+ days. Timelines depend
on documentation completeness and whether valuation or site inspection
is needed. A complete DPR from day one reduces delays.

Indicative market rates range from 9–16% p.a., depending on your profile,
loan amount, and whether collateral is offered. These rates may vary
based on borrower profile, lender policy, and economic conditions.
LoanVittus does not set rates – the bank decides. Always compare offers
before accepting.

We prepare your bank-ready DPR, help organise your financials,
automatically match you with suitable lenders and subsidy
schemes, and assist with complete application preparation. Includes CMA
generation if working capital is also needed. We do not make lending
decisions – we help you present the strongest possible case to the bank.

What is an agriculture loan?
A loan for farming, dairy, poultry, fisheries, food processing, and other agriculture-related activities. Agri loans get special benefits because banks are required to lend to this sector under RBI’s Priority Sector Lending norms – making them generally more accessible and cheaper than regular business loans.
Farmers, agri-entrepreneurs, dairy and poultry operators, fisheries, food processing units, and Farmer Producer Organisations (FPOs). Both individuals and groups (Joint Liability Groups, Self-Help Groups) can apply. Tenant farmers are also eligible for many schemes. Specific criteria depend on loan type and lender.

Crop loans (short-term, repaid after harvest), Kisan Credit Card (KCC –
flexible revolving credit), term loans (for equipment, dairy/poultry setup,
infrastructure), and agri-business loans (food processing, cold storage,
agri-tech). Each has different repayment structures and eligibility.

KCC gives farmers flexible access to credit for crop production, post-
harvest expenses, and farm maintenance. If you repay on time, the
effective interest rate can be as low as 4% p.a. (subject to government
subvention and lender terms). Available through most public sector and
cooperative banks.

For crop loans and KCC up to ₹1.6 Lakh – no collateral required (RBI
guideline). Above that, banks may ask for charge on agricultural land. For
agri-business term loans, it depends on loan size and lender – CGTMSE
and NABARD-supported collateral-free options may be available for
eligible projects.

Interest subvention on crop loans up to ₹3 Lakh (effective rate as low as
4% p.a. for timely repayment); NABARD schemes for dairy/poultry/rural
infrastructure; DEDS capital subsidy for dairy; Agriculture Infrastructure
Fund (AIF) with interest subvention + CGTMSE coverage; and state-level
subsidies for irrigation, horticulture, and farm mechanisation. LoanVittus
helps identify applicable schemes based on your project type.

PAN, Aadhaar, land records (7/12 extract, title deed) or tenancy
agreement, crop or business details, bank statements, and project cost
estimates (for term loans). For agri-business term loans, a DPR is usually
required. Specific requirements vary by loan type and lender.

Currently, we provide guidance on scheme eligibility, documentation
requirements, and general loan readiness. Full agri DPR generation is under development and will launch soon – covering dairy, poultry, food processing, cold storage, fisheries, and aquaculture. Sign up on the
platform to be notified when it goes live.

Agri loans get special treatment: lower interest rates (with government
subsidy), relaxed collateral rules, repayment aligned with harvest cycles
(not fixed monthly EMIs for crop loans), and priority sector status. These
benefits make agri lending significantly more affordable for eligible
borrowers.

KCC and crop loans: 7–15 working days. Equipment term loans: 15–30
days. Agri-business projects (with DPR): 30–60 days. Timelines vary
significantly between cooperative and commercial banks. Complete
documentation and a well-prepared DPR reduce processing time.

What is a business expansion loan?

A loan for existing businesses to grow – new branches, more capacity,
new markets, or new products. Unlike startup loans, banks evaluate your
existing track record and what the expansion will add, not just the project
cost.

Generally yes, if your business has been running for 2–3 years (some
lenders accept 1 year), has consistent financial records, manageable
existing debt, and a clear growth plan. LoanVittus assesses your profile
and matches you with best-fit lenders.

Depends on your business’s past performance, projected growth, and
existing liabilities. Banks lend based on your ability to repay – not just the
project cost. Your combined repayment capacity (existing + new loan)
must meet bank thresholds. LoanVittus analyses this and provides an
estimated eligibility range.

For loans up to ₹2 Crore, CGTMSE-backed collateral-free options may be
available (guarantee coverage does not imply automatic approval). Larger
loans typically need property or other security. LoanVittus helps explore
collateral-free routes where applicable.

A Detailed Project Report (DPR) is a comprehensive document covering your project cost, means of finance, revenue projections, profitability, and loan repayment capacity. Banks use it to evaluate whether your project is viable and whether you can repay the loan. For term loans and project loans, most banks will not process your application without a properly prepared DPR. LoanVittus generates bank-ready DPRs automatically based on your inputs.
Getting rejected doesn’t mean your business is weak – often, the application was just poorly structured. We analyse likely reasons (which banks rarely communicate clearly), help reorganise your financials, prepare a fresh DPR addressing identified gaps, and assist you in reapplying to the same or a more suitable lender.
Up to ₹50 Lakh: 10–25 working days. ₹50 Lakh to ₹2 Crore: 15–35 days. Larger projects: 30–45+ days. A complete DPR and application from day one reduces processing time significantly.
Indicative ranges: Secured expansion loans – 9–14% p.a.; Unsecured/CGTMSE-backed – 10–16% p.a. Rates may vary based on borrower profile, lender policy, and economic conditions. LoanVittus does not set rates – these are determined by the lending institution.
The most common reasons are: (1) Incomplete or inconsistent financial statements — mismatch between ITR, bank statements, and GST returns, (2) Weak or missing DPR/CMA — banks cannot assess viability without these, (3) Low credit score or adverse credit history (defaults, bounced cheques, existing overdue), (4) High existing debt or unfavourable Debt Service Coverage Ratio (DSCR), (5) Working capital gap not properly justified or documented, (6) Incorrect loan structuring — applying for the wrong product or amount, and (7) Insufficient promoter contribution or margin money. LoanVittus identifies and addresses each of these before you apply.
We prepare a DPR that clearly shows existing performance plus expansion impact, assess your combined repayment capacity, automatically match you with suitable lenders and subsidy schemes, and assist with complete documentation. Includes post-rejection analysis and re-application support. We assist in organising financial information – we do not make lending decisions.
What government subsidy schemes does LoanVittus support?

We currently support DPR preparation and application assistance for: PMEGP (Prime Minister’s Employment Generation Programme), CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), MUDRA (Micro Units Development and Refinance Agency), Stand-Up India (for SC/ST and women entrepreneurs), and select state-level MSME subsidy schemes. Scheme availability and terms are subject to government notifications and may change.

PMEGP is a central government scheme for setting up new micro enterprises in manufacturing and service sectors. The subsidy (called margin money) ranges from 15% to 35% of the project cost depending on the applicant category (general/SC/ST/women/minority) and project location (urban/rural). Important: The subsidy is not given as upfront cash. The bank disburses the full loan, and the subsidy amount is deposited as a fixed deposit in your name, which is released after a 3-year lock-in period. Maximum project cost: ₹50 Lakh (manufacturing) and ₹20 Lakh (service). LoanVittus prepares your DPR and application in the format required by the nodal agency (KVIC/KVIB/DIC).

You may be eligible if: you are 18 years or above, you have passed at least 8th standard (for projects above ₹10 Lakh in manufacturing or ₹5 Lakh in service), the project is a new unit (not an expansion or existing business), and you have not availed of any other government subsidy for the same project. Existing PMRY, REGP, or other scheme beneficiaries are not eligible. Specific eligibility is verified by the nodal agency (KVIC, KVIB, or DIC).

CGTMSE provides a credit guarantee to banks, allowing them to lend to MSMEs without requiring collateral or third-party guarantee for loans up to ₹2 Crore. This means the bank’s risk is partially covered by the guarantee trust, making them more willing to lend. LoanVittus prepares your application and DPR in CGTMSE-compliant format. Note: CGTMSE coverage is not automatic — the bank must apply for the guarantee, and approval is at the discretion of CGTMSE and the bank.

MUDRA provides loans to micro and small enterprises through banks and MFIs. There are three categories: Shishu (loans up to ₹50,000), Kishore (loans from ₹50,001 to ₹5 Lakh), and Tarun(loans from ₹5,00,001 to ₹10 Lakh). No collateral is required. These are available for manufacturing, trading, and service activities. LoanVittus helps identify the right MUDRA category and prepares the necessary documentation.

Stand-Up India provides bank loans between ₹10 Lakh and ₹1 Crore to at least one SC/ST borrower and one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services, or trading. LoanVittus prepares the DPR and assists with documentation for Stand-Up India applications.

Common documents include: identity and address proof (PAN, Aadhaar), educational qualification proof (for PMEGP), caste certificate (for SC/ST/OBC category benefits), EDP/skill training certificate (if applicable), project cost estimates and quotations, and the DPR in the scheme-specific format (which LoanVittus generates). Spec

The full cycle from application to subsidy release typically takes: Application to bank sanction — 30 to 90 days; Bank sanction to disbursement — 15 to 45 days; Subsidy margin money credit — within 30 days of disbursement (varies); Lock-in period before subsidy release — 3 years (for PMEGP). Timelines vary significantly by bank, scheme, and district. A well-prepared DPR and co

Generally, you cannot avail subsidy under more than one scheme for the same project. However, you may use CGTMSE guarantee coverage alongside a subsidy scheme (since CGTMSE is a guarantee, not a subsidy). LoanVittus advises you on the best scheme combination based on your project type and profile.

No. Subsidy approval is determined by the nodal agency (KVIC, KVIB, DIC) and the bank. LoanVittus ensures your DPR and application are prepared in the correct format with all required documentation, which significantly improves your chances. But the final decision rests with the scheme authorities.

What is the Business Ideas feature on LoanVittus?

LoanVittus uses AI to generate business ideas tailored to your profile. Based on inputs like your location, skills, investment capacity, and interests, our system suggests viable business opportunities that are relevant to your market and financial situation. Each idea includes a preliminary assessment of market demand, estimated investment, and loan eligibility potential.

Our AI analyses multiple factors including: your educational background and skills, your available investment or budget range, local market conditions and demand patterns, sectors that banks actively finance, and alignment with government subsidy schemes. The output is a curated set of ideas designed to be practically viable and bankable — not generic textbook suggestions.

The ideas are generated based on market data, scheme eligibility patterns, and financial feasibility indicators. They serve as a strong starting point for your business planning. However, we recommend validating any idea with local market research and, for significant investments, getting an expert review. LoanVittus also offers consultation services for deeper analysis.

Yes. If you select a business idea from our AI-generated suggestions, you can directly proceed to generate a Detailed Project Report (DPR) for that idea. The DPR will include project cost estimates, means of finance, revenue projections, and repayment schedules — everything a bank needs to evaluate your loan application.

Many of the ideas generated are designed keeping subsidy scheme eligibility in mind. The system considers PMEGP, MUDRA, and state-level MSME scheme requirements while generating suggestions. However, actual subsidy eligibility is verified by the nodal agency and depends on your individual profile and project specifics.

The basic business idea generation feature is available as part of the platform experience. Detailed feasibility analysis, custom DPR generation, and expert consultation for specific ideas are available as paid services. Pricing is disclosed before you proceed.

Yes. The AI-generated ideas are starting points. You can adjust parameters like investment amount, location, and sector preference to refine the suggestions. When you move to DPR generation, you can further customise the assumptions and projections based on your specific plans.

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