What is the MSME loan eligibility criteria?

2 min read

The easy-to-meet MSME loan eligibility criteria help avail a hassle-free SME or MSME Loan from Bajaj Finserv. These relaxed requirements simplify the loan application process and also expedite loan processing. To qualify and get funding through a Bajaj Finserv MSME loan, you must meet the following criteria:

Nationality: Indian

Age: 24 years to 80 years*
(*Age should be 80 years at Loan Maturity)

Work status:

  • Self-employed professionals (SEP) – Allopathic doctors, company secretaries, chartered accountants and architects practising their profession.
  • Self-employed non-professionals (SENP) – Traders, retailers, manufacturers, proprietors and service providers.
  • Entities - Partnerships, limited liability partnerships, private limited and closely held limited companies.

Business vintage: Minimum 3

CIBIL score: 685 or higher

Read More Read Less