MBC’s StartUp Loan is designed for entrepreneurs launching a new business, with an effective interest rate starting from 20.5%. It complements MBC’s standard business loan, which targets already-operating firms.
The loan reflects MBC’s focus on small entrepreneurs and farmers, and applications are reviewed regardless of credit history, with the real rate set individually at the time of borrowing.
What's good
- Open to first-time entrepreneurs
- Reviewed regardless of credit history
Trade-offs
- Higher rate reflecting startup risk
- Real rate set individually
