About Business Loan for SME and MSME

In recent years, the country’s booming economy has given an impetus to the rise of several SMEs (Small and Medium-sized Enterprises) and MSMEs (Ministry of Micro, Small and Medium Enterprises). Moreover, it has now become extremely easy to avail an MSME business loan to meet your business’ working capital requirements. An MSME loan can be used for several purposes such as upgrading your Company’s infrastructure, buying and repairing factory machinery, purchasing raw materials, etc. With us, at Finserv MARKETS, you can easily avail MSME and SME business loans to set-up or expand your business.

 Features and Benefits of the Bajaj Finserv MSME loans

  • Quick online processing

Finserv MARKETS offers online processing for all types of business loans. You can apply for a SME business loan online with us and get it approved under just 3 minutes. The online process not only saves time but also ensures that your request is processed instantly and the amount is disbursed into your bank account within 24 hours of approval.

  • Zero- Collateral

Most financial institutions demand a collateral against the loaned amount for a business loan. However, MSME loans at Finserv MARKETS are unsecured in nature and do not require the applicant to provide any form of collateral.

  • High Loan Limit

Depending on the planned expansion scale, the range of the funds required for a particular business may vary. Therefore, the SME business loans offered at Finserv MARKETS come with a high loan limit of INR 30 lakhs.

  • Long repayment tenure

It is necessary to have a comfortable loan repayment tenure so that the borrower does not default on his/her EMIs. At Finserv MARKETS, an applicant can enjoy a flexible repayment tenure of 12-60 months on his/her MSME business loan.

  • Value-Added Services

With MSME loans at Finserv MARKETS, you get easy access to value-added services such as financial fitness reports and customized insurance plans.

 

MSME Loan Eligibility

An applicant needs to fulfil the following MSME business loan eligibility when applying at Finserv MARKETS-

  • Applicant must be within the age-group of 25-55 years
  • The applicant’s business vintage must be more than 3 years
  • The applicant’s business should have filed for Income Tax Returns for at least the past 1 year
  • The applicant must have a minimum credit score of 750
  • The applicant must not have any past record of loan default in his/her name or in the name of the business.

List of Documents Required for SME Loan and MSME Loan

  • Identity Proof: Aadhar Card, Passport, Voter ID card, etc.

  • Address Proof: Electricity bill, Telephone bill, Passport, Aadhar Card, Driving License

  • Business Proof: Certificate of business existence, Income tax filings for the previous financial year, profit and loss statements for the past 3 years, etc.

  • 2 Passport-size photographs

     

SME Loan and MSME Loan Interest Rates and Charges

Finserv MARKETS offer affordable SME business loan interest rates, starting from 18%. In addition, nominal charges are levied as processing fees or penalties if the applicant decides to prepay or foreclose the loan.

 

How to Apply for Business loan for SMEs/MSMEs?

You can initiate the MSME loan process with these easy steps-

Step 1: Fill out the online application form at Finserv MARKETS by submitting your personal and business details

Step 2: Select the amount you want to avail as an MSME loan along with the preferred repayment tenure.

Step 3: Once you submit the online application, you can get it processed and approved under 3 minutes.

You can also check your SME loan EMI with Business Loan EMI Calculator.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

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Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

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I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

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