Apply For MSME Loan/SME Loan

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.

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

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

1. Click on the ‘Apply For Loan' button on this page
   

2. Fill in your personal and business details in the application form
   

3. Specify the loan amount and your preferred repayment tenure
   

4. Submit the form for verification

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.

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.