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
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.
Why Choose Poonawalla Fincorp
High LoanAmount
Collateral-free Loan
Quick Approval
Competitive Interest Rate
MinimalDocumentation
Flexible Repayment Tenure
Apply for 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.
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.
Submit just a few mandatory documents:
- KYC Documents
- Business Address Proof
- Financial Documents
Click to know more about the documentation in detail.
We offer competitive interest rate and nominal charges:
After 6 EMIs: 5% on principal outstanding + taxes
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
- Meet working capital needs
- Purchase machinery and equipment
- Improve existing business infrastructure
- Scale up operations
- Launch a new product
- Consolidate high-interest debt
- MSME (micro, small and medium enterprise)
- A retail shop owner
- Sole proprietorship
- Women entrepreneurs
- Provide proper documentation.
- Build a good credit score
- Consider your repayment capacity
- Provide strong financials
Happy Customers, Happy Us
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
Business Loan
The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
Business Loan
I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
Business Loan
The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
Business Loan
The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
Business Loan
I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
Business Loan
They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
Business Loan
No hidden charges, no surprises. The process was clear and smooth from start to finish.
Business Loan
The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
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Frequently Asked Questions
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.
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.
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.
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.
Approval and disbursal may take 2-7 working days, depending on the lender and documentation provided.
Most MSME loans are unsecured, so no collateral is required. However, check with your lender before applying.
An MSME loan provides financial support to small and medium enterprises for working capital, equipment purchase, expansion, and other business needs.
Interest rates may vary by lender and applicant profile. Poonawalla Fincorp offers MSME loans at an interest rate starting at 15%* p.a.
MSME registration is not mandatory, but is highly recommended. Registered MSMEs may get better interest rates, faster approvals, and other government benefits.
New businesses can qualify by providing business proof, KYC documents, a viable business plan, and financial projections. Lenders also consider credit history.
Manufacturing units, traders, service providers, and self-employed professionals registered under the MSME category can apply.
Yes, most lenders allow prepayment or foreclosure. However, a nominal fee may be applicable.