MSME Loans - Fuel Your Business Growth
Get instant funding for your micro, small, and medium enterprise with government-backed schemes and competitive interest rates.
COMPARISON
Comparison Table
Bank/NBFC | Interest Rate (p.a.) | Processing Fee | Max Loan Amount |
|---|---|---|---|
SBI | 8.25% - 16.00% | 0.35% + GST | ₹5 Crores |
HDFC Bank | 9.25% - 18.00% | Up to ₹25,000 + GST | ₹2 Crores |
ICICI Bank | 9.50% - 19.00% | Up to ₹1,00,000 + GST | ₹5 Crores |
Axis Bank | 10.00% - 20.00% | Up to ₹50,000 + GST | ₹2 Crores |
Kotak Bank | 10.50% - 21.00% | Up to ₹75,000 + GST | ₹1.5 Crores |
Yes Bank | 11.00% - 22.00% | Up to ₹25,000 + GST | ₹2 Crores |
Bajaj Finserv | 11.99% - 30.00% | Up to ₹10,000 + GST | ₹1 Crore |
Tata Capital | 12.00% - 24.00% | 2% of loan amount | ₹75 Lakhs |
CRITERIA
Eligibility Criteria
Business & Promoter Requirements
Business Profile: Minimum 2 years in operation, registered as Proprietorship/Partnership/Pvt Ltd/LLP with mandatory GST registration
Turnover Categories: Micro (up to ₹5 crores), Small (₹5-50 crores), Medium (₹50-250 crores)
Credit Standards: Business and promoter credit score 650+, clean credit history required
Promoter Criteria: Age 21-65 years, 2-3 years relevant business experience, minimum 26% shareholding, demonstrated financial commitment
Financial Performance Standards
Profitability: Consistent profit margins for 2+ years with strong operational performance
Key Financial Ratios: Debt-to-Equity ≤ 2:1, Current Ratio > 1.25, Interest Coverage Ratio ≥ 1.5x, DSCR > 1.25
Overall Financial Health: Demonstrated ability to service debt obligations and maintain adequate liquidity
FAQ
