RBI-registered NBFC · N-13.02216
Fast, paperless approvals; tailored EMIs and low fees — get loans up to ₹5 lakhs within 24-48 hours of disbursal
Competitive Interest Rate: EMI starts from 16% P.A.*
Transparent Processing Fee: Up to 4% as per SOC
Instant Loan Approval: Get Instant Approval on Loans Up to ₹5 Lakhs
01MSME Loan
Your one-stop platform to compare, choose, and secure the right MSME business loan
Loan amount, rate, tenure & EMIs tailored to your profile
Verify, e-sign, and get approved through a fully digital process
Access quick top-ups based on your repayment history and eligibility
Serving MSMEs across 400+ cities nationwide
02Benefits
Instant funds to keep your business running
Improve your credit score with timely repayments
Competitive rates with no hidden charges
Use funds for any business requirement
100% online with approvals in 24–48 hours
03Check Eligibility
Check if your business qualifies for an MSME Loan before you apply
| Criteria | Requirement |
|---|---|
| Business Type | Existing or new enterprises engaged in manufacturing, trading, or services, registered under MSME (Udyam Registration) |
| Applicant Age | Typically between 21 and 65 years (applicant or authorised signatory) |
| Business Vintage | Minimum 12 months for small tickets; 36 months preferred for larger loans; scheme-wise rules apply |
| CIC / CIBIL | Healthy credit score (preferably CIBIL 650+) Stable income and financial performance |
| Credit History | Clean repayment record with no major loan defaults |
| Collateral Requirement | Unsecured options available for eligible profiles and smaller loan amounts. Collateral may be required for higher ticket-size loans |
Calculators
Quickly estimate your eligibility and EMI
Plan your monthly outflow
Indicative only. Actual EMI depends on the approved rate, tenure and scheme.
Check how much you can borrow
Indicative estimate. Final eligibility depends on credit profile, documents and scheme.
Rates & Charges
Apply for MSME Loans Online With Best Interest Rates & Minimal Charges
Documentation
Here's what you'll need to apply for MSME loan online
PD (personal discussion), Video PD or field investigation per PD matrix; CIC checks, RBI lists, UNSC, Google, GST, UDIN, e-court, CERSAI and ROC searches as applicable. Title Search Report (TSR) mandatory for secured cases. All documentation is digitally uploaded and signed.
MSME Loans
Explore flexible MSME loan schemes tailored to your business needs
Loan Application
Apply for MSME business loan in just a few steps
Enter your mobile & business details
PAN, Aadhaar, bank statements, Udyam/GST
e-KYC, CIC, bank statement analysis
TSR & valuation for secured loans
Funds transferred after registration & charge creation
Key factors to review before you apply for an MSME business loan
Clearly define how much funding you need and what it will be used for: working capital, expansion, equipment, etc.
Compare interest rates across lenders and calculate the total repayment amount, including any additional charges.
Choose a repayment term that aligns with your cash flow to avoid financial strain.
Check the lender's requirements for business turnover, vintage, credit score, and documents before applying.
Keep essential documents (PAN, GST, bank statements, etc.) handy to avoid application delays.
Smartphone mandatory; PD (personal discussion) / Video PD / field investigation per PD matrix; due-diligence checks include RBI lists, UNSC, Google, GST, UDIN, e-court, CERSAI, ROC
There are no hidden fees or charges. Prepayment charges are applicable as per policy.
Choose the type of loan that best suits your business model - term loan, overdraft, invoice financing, etc.
Scheme-wise minimums (Insta: min CIBIL 650). CIC checks are mandatory for the applicant, co-applicant and guarantor. CIBIL validity to be checked at disbursal (30 days).
Key factors to review before applying for MSME loan
Trust
50,000+ Customers Served
10+ Lending Partners
300+ Relationship Managers
Multiple Products: MSME, LAP, Solar, Equipment, & more
Testimonials
I run a small grocery shop and often struggled with cash flow during lean months. Choice Finserv's MSME loan gave me quick working capital without asking for collateral. The process was simple and digital, and I got funds within two days.
01 / 03
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FAQs
An MSME loan is a type of business loan offered to Micro, Small, and Medium Enterprises to support working capital, expansion, equipment purchase, or other business needs. It is typically unsecured and designed for faster processing.
You can apply for government-backed MSME loans through “udyamregistration.gov.in” for MSME registration. You can also apply via banks that participate in schemes like CGTMSE, PMEGP, or Stand-Up India.
Yes, proprietorship firms are eligible to apply for MSME loans, provided they meet the business vintage, turnover, and documentation requirements set by the lender.
Approval timelines vary by lender, but most MSME loans are approved within 3 to 7 working days if all documents are in order. Some fintech lenders offer instant approval.
After approval, disbursal typically happens within 24 to 72 hours, especially if you apply online with complete documentation.
You can check interest reversals or adjustments via your bank's loan statement or internet banking dashboard. Contact your loan officer for clarification on any discrepancies.
You can track the status of your MSME loan application through: The bank or NBFC's official website or app; The Choice Finserve dashboard (if applied via our platform); Email/SMS updates from the lender.
While loan details are not directly filed in GST returns, if the loan involves interest or charges that reflect in your expense books, you may need to account for them properly in your accounting software for GST compliance.
The best bank depends on your business profile, credit score, and needs. Top lenders include: HDFC Bank; ICICI Bank; Axis Bank; SBI; NBFCs like Lendingkart, Indifi, and Bajaj Finserv. Choice Finserv helps you compare and choose the best offer instantly.