Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 Months

Get a Quick Business Loan for MSMEs

Embrace new business growth opportunities with a Business Loan up to ₹75 Lakh for MSMEs. Enjoy a streamlined application process, fast approval, and quick disbursal. Turn your business ambitions into a reality with collateral-free funds, minimal documentation, and zero hidden charges. Apply now!

What is an MSME Loan?

An MSME Loan is designed to support small and medium businesses with easy access to funds. These loans come with minimal documentation, quick disbursal, and flexible terms. Whether you need funds for expansion, equipment, or working capital, an MSME business loan helps meet your unique business requirements with ease.

Types of MSME Loans for Business

Businesses have different needs, and MSME loans are designed to meet them all. Check the common types of MSME business loans available:

  • Working Capital Loan: Manage day-to-day expenses, raw materials, and operational costs with ease. 
  • Term Loans: Ideal for business expansion, purchasing machinery, or setting up new infrastructure.
  • Equipment Financing: Get funding to buy or upgrade tools, machinery, or technology needed for growth.
  • Invoice Financing: Get funds against unpaid invoices to maintain cash flow and meet immediate needs
  • Overdraft Facility: Flexible access to funds whenever needed, up to a pre-approved limit.

Features and Benefits of MSME Loans for Business

MSME loans are tailored to meet the unique financial needs of small and medium enterprises. They offer quick access to funds with minimal hassle, helping businesses grow and stay competitive.

Key Features:

  • Unsecured Funding – No collateral required
  • Quick Disbursal – Fast processing for timely access to funds
  • High Loan Amount – Based on your business needs
  • Flexible Repayment – Tenures aligned with your cash flow
  • Minimal Documentation – Simple and streamlined application process

Benefits:

  • Boost Working Capital – Maintain smooth business operations
  • Supports Expansion – Invest in growth, infrastructure, or equipment
  • Builds Credit Profile – Improve creditworthiness with timely repayments
  • Caters to All MSMEs – Suitable for traders, manufacturers, and service providers

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Quick
Approval
Competitive
Interest Rate
Minimal
Documentation
Flexible Repayment
Tenure

Business Loan EMI Calculator

Estimate your monthly repayments in seconds with our easy-to-use MSME Loan calculator. This tool helps you make informed decisions by calculating your EMIs based on loan amount, interest rate, and tenure.

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
15%
30%

Tenure

Months
6 Months
48 Months

Apply for a MSME Business Loan Online in Just 3 Steps

Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Business Loan for MSME

Meet our simple eligibility criteria:

  • Age: Between 24 and 65 years old.
  • Citizenship: Indian.
  • Annual Turnover: Minimum annual turnover of ₹6 Lakh.
  • Business Vintage: At least 2 years.

Documents Required for a Business Loan for MSME

Submit just a few mandatory documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan for MSME

We offer competitive interest rate and nominal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3.5%
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6-48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% per annum plus applicable taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Business Loan for MSME

  • Meet working capital needs
  • Purchase machinery and equipment
  • Improve existing business infrastructure
  • Scale up operations
  • Launch a new product
  • Consolidate high-interest debt

Who Can Get a Business Loan for MSME

  • MSME (micro, small and medium enterprise)
  • A retail shop owner
  • Sole proprietorship
  • Women entrepreneurs

Tips for a Successful Business Loan Application

  • Provide proper documentation.
  • Build a good credit score
  • Consider your repayment capacity
  • Provide strong financials

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

Do I need to offer collateral to secure an MSME Loan?

No, our MSME Loan is unsecured, meaning you do not need to put up any asset as security for the loan. This minimises the borrowing risks.

How important is my credit score for obtaining an MSME Loan?

Your credit score plays a vital role in the loan approval process. A good credit score (generally above 750) can significantly improve your chances of getting approved and can also lead to more favourable loan terms, such as lower interest rates and longer repayment periods.

Can a salaried individual get an MSME Loan?

No, Poonawalla Fincorp does not provide MSME loan to salaried individuals. Only business owners who fulfil our simple eligibility criteria can apply for our MSME or Business Loan.

 

What is the difference between an MSME loan and a regular Business Loan?

MSME loans are specifically designed for Micro, Small, and Medium Enterprises, often with more flexible terms and government support, while business loans are a broader category that includes loans for larger, established businesses.

How long does it take if I apply for business expansion with MSME loans?

Approval and disbursal may take 2-7 working days, depending on the lender and documentation provided.

Is collateral required if I want to expand my business with MSME loans?

Most MSME loans are unsecured, so no collateral is required. However, check with your lender before applying.

What is an MSME loan for business?

An MSME loan provides financial support to small and medium enterprises for working capital, equipment purchase, expansion, and other business needs.

What is the interest rate for MSME loans?

Interest rates may vary by lender and applicant profile. Poonawalla Fincorp offers MSME loans at an interest rate starting at 15%* p.a.

Is MSME registration optional or required?

MSME registration is not mandatory, but is highly recommended. Registered MSMEs may get better interest rates, faster approvals, and other government benefits.

How does a new business qualify for an MSME Loan for a new business?

New businesses can qualify by providing business proof, KYC documents, a viable business plan, and financial projections. Lenders also consider credit history.

What types of businesses can apply for MSME loans?

Manufacturing units, traders, service providers, and self-employed professionals registered under the MSME category can apply.

Is it possible to prepay or foreclose an MSME loan?

Yes, most lenders allow prepayment or foreclosure. However, a nominal fee may be applicable.