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If you are an entrepreneur looking to avail funds for your business, you should consider applying for an SME/MSME loan. However, you must ensure that you meet the MSME loan eligibility criteria ahead of applying for an MSME business loan. The essential criteria to qualify for the MSME loan is to be an existing micro, small, or medium entrepreneur in the manufacturing or services industry. If you meet the MSME loan eligibility criteria, the funds can be used for:

  • Investing in your firm’s infrastructure

  • Meeting working capital requirements 

  • Purchasing new plant or machinery or upgrading to the latest technology

  • Meeting overheads like accounting fees, advertising, rent, repairs, etc.

What are the Eligibility Criteria for MSME Loan?

If a business owner wants to secure an MSME loan, they must meet the eligibility criteria laid out by the lenders, namely:

  • Applicants must be between 25-55 years of age

  • Applicants’ business vintage must be more than 3 years

  • They should have filed Income Tax Returns for the business for one year at least

  • Applicants’ credit score should be 750 or above

  • The applicant must not have any past record of loan default in their or the business’ name

Documents Required for MSME Loan 

Once you meet the MSME business loan eligibility criteria, you must submit a few documents for successful MSME loan approval. The list of required MSME/SME loan documents are as follows:


  • KYC Documents:  Aadhaar card, PAN card, voter’s ID, driving license, or any other government-approved document

  • Address Proof: Electricity bill, rent agreement, and passport

  • Proof of the Financial Operations of the Business:  A copy of GST Returns and bank account statements going back nearly at least six months along with the Profit and Loss statements

  • Proof of Business Ownership:  Registration documents for the business

Through Finserv MARKETS, one can swiftly avail a business loan for an MSME to set up and/or expand their business. Finserv MARKETS’ lending partners offer MSME loans at very low interest rates along with a plethora of additional benefits, including a line of credit facility. Apply for an MSME Loan, today!