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What are the eligibility criteria for MSME loan?

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MSME Loan Eligibility Criteria

Bajaj Finserv offers easy-to-meet MSME Loan eligibility criteria to ease prospective borrowers. Avail an MSME loan with ease to induce additional capital to your business and give it a boost. A substantial loan amount of Rs.20 lakh can suitably meet big-ticket funding requirements of a concern to help improve and scale-up operations.

The funds can be availed to meet business requirements like office renovation, improvement of cash flow, inventory purchase, up-gradation to advanced technology, lease new premises for expansion, raw material purchase, and many more. Also, furnish a handful of documents when applying to streamline the application procedure.

Simple MSME loan eligibility criteria along with minimal documentation help avail the funds without any hassle. Enjoy customised MSME loan with attractive features that also reduce EMI burden and make repayment affordable. Other facilities that further make managing the loan easy include anytime access of loan account through our customer portal Experia, collateral-free funds, fast disbursal, etc.

To apply for an SME or MSME loan from Bajaj Finserv, you must be one of the following:

Self-employed professionals (SEP) – Allopathic doctors, company secretaries, chartered accountants, and architects who are practicing 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

In addition:
• You should be an Indian resident aged between 25 and 66 years
• Your business should have a vintage of at least 3 years

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