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✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!

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Apply For MSME Loan/SME Loan

Borrow up to ₹80 Lakhs with an MSME/SME Loan through various lenders available on Bajaj Markets.

Minimum Interest Rate 14% p.a.

Maximum Loan Tenure 96 months

Maximum Loan Amount ₹80 Lakhs

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Micro, Small, and Medium Enterprises (MSMEs) often require timely funding to manage operations, expansion, or working capital. To address these needs, lenders offer specialised MSME/SME loans designed with flexible terms and accessible eligibility.

You can get this loan available on Bajaj Markets at low interest rates starting from just 14% p.a. You can borrow up to ₹80 Lakhs without submitting any collateral.

Features and Benefits of SME/MSME Loans

High Loan Limit

Get up to ₹80 Lakhs with an MSME loan on Bajaj Markets

Low Interest Rates

Borrow the required funds at affordable interest rates starting from 14% p.a.

Long Repayment Tenure

Repay your MSME loan over a flexible repayment tenure of up to 96 months

Easy Application Process

On Bajaj Markets, apply for the loan within minutes through the 100% digital process

SME/MSME Loan Interest Rates and Charges

Available Offerings	Maximum Loan Amount	Starting Interest Rate (p.a.)	Processing Fee
Aditya Birla Capital UDYOG PLUS Business Loan	₹10 Lakhs	22.00%	3% to 4% of the loan amount + GST
Ambit Finvest Business Loan	₹2 Lakhs	20.00%	3% of the loan amount
AYE Finance Business Loan	₹2 Lakhs	29.50%	Up to 2% of the loan amount
Bajaj Finance Business Loan	₹80 Lakhs	14.00%	Up to 4.72% of the loan amount (inclusive of taxes)
Credit Saison Business Loan	₹10 Lakhs	22.00%	Up to 4.72% (inclusive of taxes)
FlexiLoans Business Loan	₹50 Lakhs	18.00% (reducing balance)	Up to 2.5% of the loan amount
IIFL Finance Business Loan	₹30 Lakhs	16.50%	Up to 2.5% of the loan amount
InCred Business Loan	₹3 Lakhs	24.00%	2% to 5% of the loan amount
Indifi Business Loan	₹30 Lakhs	22.00%	Up to 3% of the loan amount + GST
KreditBee Business Loan	₹30 Lakhs	18.00%	3% to 4.25% of the loan amount
L&T Financial Services Business Loan	₹75 Lakhs	15.50%	Up to 2% of the loan amount + GST
Lendingkart Business Loan	₹35 Lakhs	19.20%	Up to 3% of the loan amount + GST
Protium Business Loan	₹35 Lakhs	20.50%	1% to 6% of the loan amount
UGRO Capital Business Loan	₹50 Lakhs	24.00%	Nil
Godrej Capital Business Loan	₹50 Lakhs	16.00%	Up to 3% of the loan amount

*Disclaimer: The aforementioned interest rates and other charges are subject to change. Ensure to cross-check the data with the lender.

MSME Loan EMI Calculator

Managing a business requires strategic planning and precise financial management. With the business loan EMI calculator on Bajaj Markets, you can quickly estimate your monthly instalments, ensuring they fit in your cash flow.

Your Business Loan EMI

₹ 2,327

Total Interest Amount

₹ 39,610

Principal Amount

₹ 1,00,000

Total Payable Amount

₹ 1,39,610

Loan Amount

Interest Rate

- +

Tenure

- +

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You can also make instant comparisons between loan offers from multiple Business Loan providers on Bajaj Markets.

Eligibility Criteria for MSME/SME Loan

To be eligible for an MSME/SME loan, the following criteria need to be met:

Age

Your age should be between 21 and 60 years

Type of Business

You should be either:

A self-employed professional, such as a chartered accountant, doctor, etc.
A self-employed non-professional, such as a manufacturer, trader, etc.

Annual Income

Your annual income should be at least ₹1.5 Lakhs

Nationality

You must be an Indian citizen

Business Structure

The company should be one of the following:

Partnership
Limited Liability Partnership (LLP)
Private Limited Company

Business Vintage

The minimum business vintage should be 5 years
For the current business, it should be at least 1 year

Documents Required for MSME / SME Loans

Here is the list of documents typically required for an MSME/SME loan:

Document Category	Documents Required
Identity Proof	PAN card, Aadhaar card, Passport, Driving licence, Voter ID
Address Proof	Aadhaar card, Passport, Utility bills, Lease agreement
Income Proof	Bank statement for the previous 6 months, Balance sheet and P&L statement of the previous 2 years, ITR along with certified copies of income computation
Business Proof	Sole Proprietorship Declaration, Authenticated copy of the Partnership Deed, Certified copy of Memorandum and Articles of Association

How to Apply for MSME/SME Loan

Follow these simple steps to apply for a business loan online on Bajaj Markets:

Click on the ‘Check Eligibility' button on this page
Fill in your personal and business details in the application form
Specify the loan amount and your preferred repayment tenure
Submit the form for verification

Purpose of MSME Loans

You can use an MSME/SME loan for several purposes like:

Inventory Management

Inventory management is a critical part of a small business, as its profits depend on the sale volumes. The MSME loan funds can help secure your inventory supply chain, manage seasonal dips, or purchase new product samples for business sales.

Purchasing Plants and Machinery

Since investment in plants and machinery requires heavy funding, applying for an MSME loan can help. These help you get the latest equipment without straining the company’s capital fund.

Working Capital Management

If a company cannot finance its day-to-day expenses, the production of wares and services will eventually suffer. To tackle this, consider applying for MSME loans. Use the funds to manage your business operations while repaying short-term debts and expenses that might arise soon.

Consolidate Your Business Debt

SME loans allow you to consolidate smaller debts and turn them into a single EMI. This helps reduce the strain caused by the monthly budget and helps align the debt repayment and the invoicing schedule.

Invest in Marketing

With an effective marketing strategy, a business can reinforce the trust and loyalty of its existing customers and acquire new customers in existing or new markets. However, marketing is a costly affair and requires investments in marketing campaigns. You can easily finance these campaigns for your business with the help of an MSME loan.

Dos and Don'ts Before Applying for MSME/SME Loan

Check out some do’s and don’ts you must consider while applying for an MSME loan:

Dos	Don’ts
Most lenders rely on the borrower’s credit rating for loan approvals. Check your CIBIL score before applying for an MSME or SME loan.	Do not apply with multiple lenders, as it reduces your CIBIL score considerably. The lender might see this as high financial reliance, which might lower your chances of loan approval in addition to your CIBIL score.
Ensure all the required documentation is in place before starting the loan application process.	Avoid delaying your loan repayments for existing debts even if you take the MSME loan for new business debt consolidation. This will affect your credit score negatively.
Make sure the MSME loan requirements are assessed before applying for the loan. Try not to overestimate or underestimate your MSME loan requirements as you will waste your time and money in both cases.	Be aware of fraudulent lenders that may charge you huge fees for MSME loan approval. A genuine lender will never ask you for an upfront fee and will typically charge you a percentage of the disbursed loan amount.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Know More About MSME/SME Loans

MSME Loan Eligibility Criteria & Documents Required	MSME Loan Interest Rates

Frequently Asked Questions

What is the meaning of MSME?

MSME stands for Micro, Small, and Medium Enterprises. It refers to businesses that are classified based on their investment in plant and machinery, or equipment, and turnover. MSMEs play a vital role in the economic development of a country by contributing to employment, innovation, and overall economic growth.

Who is eligible for an MSME loan?

Eligibility for an MSME loan typically includes:

Indian citizens between 21 and 60 years of age
Self-employed professionals (e.g., chartered accountants, doctors) or self-employed non-professionals (e.g., manufacturers, traders)
Businesses that are partnerships, LLPs, or private limited companies
A minimum business vintage of 1 year for a current business, and 5 years for an established business
Annual income of at least ₹1.5 Lakhs

Is MSME loan interest free?

No, MSME loans are not interest-free. However, some government schemes may offer subsidies or lower interest rates for eligible MSME borrowers. The exact interest rate will depend on the lender and the type of loan.

What is the minimum CIBIL score for an MSME loan?

While there is no fixed minimum CIBIL score for MSME loans, most lenders typically require a CIBIL score of 650 or above. A higher score increases the chances of loan approval and may lead to better terms.

Which government proposals are aimed at offering relief to MSMEs?

The government of India has proposed to offer collateral-free loans as a relief for MSMEs which the Centre will fully guarantee. A principal repayment moratorium for 12 months, along with the interest rate capping, will be applicable with a no-guarantee fee.

Is it necessary to get a company registered as an MSME?

It is not necessary, but it is always advisable to get your company registered as an MSME (if it satisfies the requisite criteria), for it will help your business scale up and save you from inconveniences like taxes, permissions, employee-related issues, and other legal issues.

Do I need to provide collateral for getting an MSME loan?

No, you do not need to provide collateral for MSME loans since they are typically collateral-free loans.

Is credit score mandatory for getting an MSME loan?

Most lenders assess your loan eligibility based on your credit score and your business’ credit ratings. So, while not mandatory, it can be a deciding factor based on which, your loan application may be accepted or rejected. If you have a good credit score, ideally over 750, you can get lower interest rates, high loan amounts, and other benefits.

Is there any difference between an MSME Loan and SME Loan?

The terms are often used interchangeably to refer to loans catering to businesses within the defined size categories.

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Apply For MSME Loan/SME Loan

Features and Benefits of SME/MSME Loans

High Loan Limit

Low Interest Rates

Long Repayment Tenure

Easy Application Process

Quick Processing

Zero Collateral

SME/MSME Loan Interest Rates and Charges

MSME Loan EMI Calculator

₹ 39,610

₹ 1,00,000

₹ 1,39,610

Eligibility Criteria for MSME/SME Loan

Age

Type of Business

Annual Income

Nationality

Business Structure

Business Vintage

Documents Required for MSME / SME Loans

How to Apply for MSME/SME Loan

Purpose of MSME Loans

Inventory Management

Purchasing Plants and Machinery

Working Capital Management

Consolidate Your Business Debt

Invest in Marketing

Dos and Don'ts Before Applying for MSME/SME Loan

Disclaimer

Know More About MSME/SME Loans

Frequently Asked Questions

What is the meaning of MSME?

Who is eligible for an MSME loan?

Is MSME loan interest free?

What is the minimum CIBIL score for an MSME loan?

Which government proposals are aimed at offering relief to MSMEs?

Is it necessary to get a company registered as an MSME?

Do I need to provide collateral for getting an MSME loan?

Is credit score mandatory for getting an MSME loan?

Is there any difference between an MSME Loan and SME Loan?

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