MSME refers to micro, small and medium enterprises. Such enterprises have diversified needs like purchase of inventory, buying new equipment, paying salary to the staff or maintaining the cash flow. MSME/SME loans come as a handy financial solution to fulfil all these requirements.
A collateral-free loan for MSMEs, this credit facility can be easily availed by small businesses at an affordable rate of interest. With easy-to-meet eligibility criteria and less paperwork, this SME finance option can help small business owners, women entrepreneurs and start-up owners fund their planned and unplanned expenses.
Convenient and quick, the Bajaj Finserv MSME Loan/SME Loan is designed to help growing businesses meet their financial requirements in a timely, easy way with funds up to Rs.45 lakh.
You can get an MSME loan without collateral, which means no assets need to be pledged to secure financing. Along with an attractive interest rate, this loan offers a unique Flexi facility and approval in just 24 hours. Our MSME or SME business loan is the ideal source of hassle-free MSME finance for your enterprise.
High loan limit of Rs.45 lakh to finance all your business needs.
Collateral-free funds with an easy online application process and approval in under 24 hours.
Borrow and prepay funds to suit varied business requirements as MSME/SME funding is now made flexible with Bajaj Finserv. As you make multiple withdrawals from your loan sanction, you only pay interest on what you use, thus lowering your EMIs by up to 45%*.
Getting SME/MSME finance has never been easier as you only need to submit a few documents to our representative, who comes right to your doorstep to collect them.
Tenors ranging up to 84 months, to fit your budget.
Manage your loan account with just a few clicks and access your funds easily.
If you have a small business and need urgent funds to meet your firm’s expenses, there’s an easy process to avail this loan after fulfilling the following MSME business loan eligibility criteria:
Bajaj Finserv offers MSME loans at an attractive rate of interest. Here is the list of applicable fees and charges on an MSME loan for new business.
|Types of Fees||Applicable charges|
|Rate of interest||17% p.a. onwards|
|Processing fees||Up to 2% of the loan amount (plus applicable taxes)|
Statement of account/ repayment schedule/foreclosure letter/no dues certificate/interest certificate/list of documents
|Download your e-statements/letters/certificates at no extra cost by logging into the Customer Portal – Experia.
You can get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs.50/- (inclusive of taxes) per statement/letter/certificate.
|Bounce charges||Up to Rs.3000 (inclusive of applicable taxes)|
|Penal interest (applicable in case of non-payment of monthly instalment on/before the due date)||2% per month|
|Document processing charges||Rs.2000 + applicable taxes|
A collateral free loan for MSME by Bajaj Finserv requires minimal paperwork. To avail this loan, you simply need to submit the following documents:
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