Eligibility for an MSME term loan generally includes businesses that fall under the MSME classification as defined by the government, which includes micro, small, and medium enterprises. Applicants usually need to provide financial statements, business plans, and other documentation to demonstrate their creditworthiness.

Interest rates for MSME term loans vary depending on the lender, the credit profile of the business, and prevailing market conditions. Generally, rates can range from 7% to 15%. It's advisable for borrowers to compare rates from different lenders to find the best option.

The repayment tenure for an MSME term loan typically ranges from 1 to 7 years, depending on the lender and the amount borrowed. Some lenders may offer flexible repayment options, allowing businesses to choose a tenure that suits their cash flow.

When applying for an MSME (Micro, Small, and Medium Enterprises) term loan, you will typically need to provide the following documents: 1) Business Proof 2) Identity Proof 3) Address Proof 4) Financial Documents 5) Project Report 6) Collateral Documents (if applicable) 7) Other Relevant Documents

Yes, MSME term loans can be utilized for various business purposes, including working capital needs. However, it's important to check with the lender regarding the specific terms and conditions, as some lenders may have restrictions on the use of funds.