Features and benefits
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Swift loan processing
Qualify for the loan by meeting simple criteria, submitting minimal documentation, and without the need for collateral.
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Simple application
Apply online easily for MSME loan/ SME funding by submitting just a few essential documents.
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Repayment made flexible
Select a tenor up to 96 months for comfortable repayment of your MSME/ SME loan.
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Digital loan management
Check your account statement and manage EMIs with an online loan account for maximum convenience.
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Funds up to Rs. 80 lakh
Get an ample sanction to address all business-related expenses.
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Flexi benefits
Suit your dynamic needs with our Flexi facility. Borrow from the sanction as needed and pay interest only on the amount you utilise.
MSME Loan for Existing Businesses
With funds up to Rs. 80 lakh* (*Inclusive of Insurance Premium, VAS Charges, Documentation Charges, Flexi fees and Processing Fees), an MSME/ SME loan from Bajaj Finserv is designed to assist businesses in managing their multiple working capital expenses.
You can avail of an MSME loan without collateral, which means you don’t have to pledge any assets. You can get this loan at a competitive interest rate and enjoy approval in under 48 hours* to meet urgent needs for finance. Our MSME/ SME business loan is a simple and efficient solution for your funding needs.
Further, our Flexi business loan allows you to reduce your EMIs by up to 45%* when you pay only interest as EMIs to improve cash flow. The principal is repaid at the end of the tenor.
*Terms and conditions apply
Types of MSME loans
MSME loans are designed to support the financial needs of micro, small and medium-sized enterprises. These loans are available in various forms, including Term Loans, Flexi Term loans and Flexi Hybrid Loans.
A Term Loan is a fixed loan amount that is disbursed to the borrower and the repayment is typically made in equal instalments over a set period of time. This type of loan is ideal for businesses looking for financing over a long period.
A Flexi Term loan allows you to withdraw funds as needed from a pre-set sanction, which can help to manage cash flows more effectively. With this loan, you only pay interest on the amount withdrawn.
A Flexi Hybrid loan combines the features of Term Loans and Flexi Term loans. You get a pre-set loan amount and you can withdraw funds from this whenever needed. In addition, this loan variant comes with the option to pay just interest as EMIs for the early part of the tenure.
Overall, MSME loans are an effective way for small businesses to obtain the financing they need to grow and expand. By providing flexible repayment options and fast access to funds, these loans can help businesses of all sizes achieve their financial goals.
Eligibility criteria for MSME/ SME loan
Any business owner can apply for this loan, as long as they meet the following eligibility parameters:
Eligibility criteria
- Nationality: Indian
- Business vintage: At least 3 years
- CIBIL Score: 685 or higher
- Work status: Self-employed
- Age: 18 to 80*
*You should be 80 or younger at the end of the loan tenure.
Documents needed
- KYC documents
- Proof of business ownership
- Other financial documents
Frequently asked questions
To apply an for the MSME/ SME loan successfully, here are the documents you require:
- KYC documents
- Proof of business ownership
- Profit and loss statements and balance sheets
You may also be asked to submit additional documents if required.
To qualify for the loan, these are simple criteria to meet:
- Nationality: Indian
- Business vintage: At least 3 years
- Age: 18 to 80* (*Age should be 80 at loan maturity)
- Work status: Self-employed
- CIBIL score: 685 or higher
To avail of SME/ MSME finance, simply meet the eligibility criteria, apply for the loan, and submit all the required documents.
Entities, self-employed professionals, and self-employed non-professionals like proprietors, retailers, traders and others can get an SME/ MSME loan from Bajaj Finserv.
With Bajaj Finserv, you can avail of the MSME/ SME loan with an interest rate starting from 14% p.a.
Follow this easy 4-step guide to applying for this loan online:
- Click on ‘APPLY ONLINE’ to open the application form
- Fill out the online application form and authenticate with an OTP sent to your phone
- Fill in your KYC and business information
- Upload the bank statement for the last 6 months and submit the application form
Once you have applied, an authorised representative will contact you with further instructions on getting the funds in your bank account.
Yes, the MSME loan from Bajaj Finance is collateral-free.
You can get a collateral-free MSME loan by clicking on the ‘APPLY’ button on this page and filling out the form with your required details. Once completed, our representative will get in touch with you to collect your documents and move the process forward.
Several factors can affect SME loan interest rates. These include: the creditworthiness of the business, the purpose of the loan, the loan tenure and the lender's risk assessment of the business.
MSME loans from Bajaj Finance come with a minimum tenure of 12 months and a maximum tenure of 96 months.
An MSME loan from Bajaj Finance comes with interest rates starting as low as 14%.
