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 MSME, 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 the small business owners, women entrepreneurs and start-up owners fund their planned and unplanned expenses.
Convenient and quick, Bajaj Finserv MSME Loan or SME loans are 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, the loan offers a unique flexi loan 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 your dynamic business’s requirements as MSME/SME funding is now made flexible with Bajaj Finserv. As you make multiple withdrawals on your loan, you only pay interest on what you use, thus lowering your EMIs by up to 45%.
SME / MSME finance has never been easier as you only need to submit 2 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, you can avail a loan after fulfilling the following MSME 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.
|Types of Fees||Applicable charges|
|Rate of interest||17% p.a. onwards|
|Processing fees||Up to 2% of the loan amount (plus taxes)|
|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 (Recently Updated)||Rs. 2000 (plus taxes)|
|Outstation collection charges||Not applicable|
Account statement/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents
|Download of your e-statements/letters/certificates at no additional cost by logging into customer portal – Experia.
You can also get a physical copy of your loan documents from any of our branches at a charge of Rs. 50/- (Inclusive of taxes) per statement/letter/certificate.
An MSME loan by Bajaj Finserv requires minimal paperwork. To avail this loan, you simply need to submit the following documents:
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