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Overview Interest Rates & Charges Eligibility & Documents Features & Benefits Apply Now

Business Loan

A Business Loan is designed to help small and medium enterprises (MSMEs) manage their cash flows, purchase inventory, upgrade infrastructure, or expand operations without keeping collateral[cite: 4].

Reasons to Apply for a Business Loan for MSME

To meet urgent working capital requirement[cite: 4].
To clear past business debts[cite: 4].
To purchase inventory[cite: 4].
Expand overall business operations[cite: 4].

Invest in financial expansion[cite: 4].
Upgrade your shop/infrastructure[cite: 4].
Pay vendor dues on time[cite: 4].
Purchase new machinery/equipment[cite: 4].

MSME Business Loan Interest Rates

Rate of Interest	Starting from 11% p.a.[cite: 4]
Processing Fees	1% to 2% + GST[cite: 4]
Loan Amount	Up to ₹2 Crore[cite: 4]
Loan Tenure	12 Months to 60 Months[cite: 4]

Eligibility Criteria of Online MSME Loan

Age (21-65 yrs)[cite: 4]

Business Stability (3+ yrs)[cite: 4]

Min Turnover

Self-employed individuals, private limited companies, partnerships, and proprietorship firms meeting the financial and turnover criteria are eligible[cite: 4].

Documents Required

KYC Documents: PAN card, Aadhaar, Business Registration proof[cite: 4].
Financial Documents: Audited Balance Sheets, Profit & Loss Statements for past 2 years[cite: 4].
Bank Statements: Last 6 months current account statement[cite: 4].

Features and Benefits of MSME Loan

Fast Loan Processing and quick disbursement[cite: 4].
Minimum documentation requirements[cite: 4].
No collateral/security required (Unsecured loans)[cite: 4].
Flexible repayment tenure options[cite: 4].