Un-Secured Loans

MSME Loan
Onward 8.50%.

MSME Loan is a business loan specially designed for small and medium businesses to help them grow and manage daily expenses. It can be used for buying stock, machinery, expanding business, paying salaries, or increasing working capital. Many banks and NBFCs provide MSME loans with easy EMI options and flexible repayment tenure. Some MSME loans are also available without heavy collateral depending on business profile and eligibility.

Application

Please provide your business and financial details for quick loan assessment.

MSME Loan Eligibility Criteria

Understand the complete eligibility structure for MSME loans, including business continuity, turnover, repayment history, and overall creditworthiness.

What do you mean by MSME Loan Eligibility Criteria?

MSME loans are available for both new and existing businesses. These loans help in infrastructure development, managing day-to-day operational expenses, and purchasing machinery or equipment.


One of the biggest advantages of MSME loans is that many lenders provide funding without asking for collateral or assets.

MSME Loan Eligibility

  • Age Limit: 22 to 60 Years
  • Minimum 2 Years Business Continuity
  • Minimum 1 Year Audit by Registered CA
  • Minimum Business Turnover Should be ₹90,000
  • Applicable for Proprietorship, Partnership, LLP & Companies
  • Loan Amount: ₹5 Lakhs to ₹1 Crore

Eligible Business Types

  • Individuals
  • Proprietary Concerns
  • Partnership Firms
  • Private & Public Companies
  • Private Trusts
  • Limited Liability Partnerships (LLP)

Factors Affecting MSME Loan Eligibility

Lack of Good Credit Report

Your previous repayment behavior affects your future loan approval. Missed EMIs or delayed payments can reduce loan eligibility.

Bad Cash Flow

Lenders check how well your business manages cash flow. Weak cash flow management may reduce approval chances.

Business Continuity

Businesses with stable operations and longer continuity generally receive better approval opportunities.

Financial Documentation

Proper audit reports, GST returns, and ITR filings help lenders verify business performance and repayment capability.

How to Increase MSME Loan Eligibility

Required Documents

Documents Required for Loan Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • Photographs - 2
  • PAN Card Copy
  • Aadhar Card + Passport
  • Address Proof If Rented Also Required Permanent Address Proof
  • Last 3 Years Form-16, ITR with Computation of Income If File
  • Last 1 Year Bank Statement - Salary Account
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in Favour of Bank
  • Machine Quotation
  • Order in Hand
  • Last 3 Months Salary Slip + Appointment Letter

Prop Firm

Business Applicant
  • Photograph Both
  • PAN Card Clear Copy Proprietor
  • Address Proof (Passport, Voter ID Card) Proprietor
  • Office Address Proof Latest (Electricity Bill, Telephone Bill)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
  • Provisional Financial AY 2019-20
  • Bank Accounts (Current Account, CC Account, OD Account Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated (Proprietor)
  • If Running Any Loan Please Provide Sanction Letter and Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers with Chain Sanction Map

Partnership Firm

Partnership Business
  • Photograph Partners
  • PAN Card - Company, All Partners
  • Address Proof - All Partners (Passport, Voter ID Card, PAN, Aadhaar)
  • Firm Address Proof - Latest Any Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • GST Return Last 1 Years
  • 3 Year Company ITR COI P/L A/C Balance Sheet + Audit Report 3CB 3CD, All Annexures, Scheduled with C.A. Certified
  • Provisional Financial AY 2019-20
  • 3 Year All Partner Individuals ITR + Computation
  • Firm All A/C Bank Statement 1 Year Updated
  • All Partner Saving A/C Statement 6 Month
  • If Running Any Loan – Latest Sanction Letter + Track Records or Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Map
  • All Directors Photograph
  • Clear PAN Card - Company and All Directors
  • Address Proof – Company and Directors
  • List of Director & Share Holder with CA Certified as on Date
  • Memorandum Order in Hand and Complete Copy (If Applicable)
  • GST, Sale, VAT and SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors Individuals ITR & Computation Last 3 Years
  • Last 3 Years Complete Financial with Tax Audit Report and Annexure
  • Provisional Financial FY 2019-20 or Month Wise Sale Figure Last 1 Year
  • Company All Bank Account Statement 1 Year Updated
  • All Directors Saving A/C Statement 6 Month
  • If Running Any Loan – Latest Sanction Letter and Repayment Scheduled
  • Property Papers Complete Chain with Sanction Map

Pvt. Ltd.

Corporate Applicant
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
  • All Directors Photograph
  • Clear PAN Card - Company and All Directors
  • Address Proof – Company and Directors
  • List of Director & Share Holder with CA Certified as on Date
  • Memorandum Order in Hand and Complete Copy (If Applicable)
  • GST, Sale, VAT and SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors Individuals ITR & Computation Last 3 Years
  • Last 3 Years Complete Financial with Tax Audit Report and Annexure
  • Provisional Financial FY 2019-20 or Month Wise Sale Figure Last 1 Year
  • Company All Bank Account Statement 1 Year Updated
  • All Directors Saving A/C Statement 6 Month
  • If Running Any Loan – Latest Sanction Letter and Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
EMI Calculator

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