MSME Loan

MSME stands for micro, small and medium enterprises, sometimes it is also shortened to SME for small and medium enterprises. But, in essence, MSME and SME Loans are the same and are offered to businesses that fall under these two categories. Mostly, these loans are given to startup owners, small business owners and women entrepreneurs on a short-term basis. The duration of MSME / SME loans varies from lender to lender. As MSME loans are unsecured MSME / SME Loans, there are some minimum eligibility requirements in order to reduce the risk for lenders.

Features of RapidLoans MSME / SME Loans from RapidLoans

  1. Ticket Value up to ₹ 2 Crore

    We have a flexible ticket size for MSME and SME Loans that starts at ₹ 50,000 and goes all the way up to ₹ 2 Crore. This makes RapidLoans business loans a veritable option for micro, small and medium enterprises.

  2. MSME / SME Loans without Collateral

    All business loans approved by RapidLoans are unsecured. Meaning, there is no requirement for collateral to get an MSME or SME loan from us. And so, no need to worry about asset security when getting a business loan.

  3. Best Interest Rates for MSME / SME Loans

    We use financial data analytics to calculate the best available interest rates for your enterprise. There is no manual intervention in the whole process and hence the rate you get is fair and as per your business’s ability to repay the MSME / SME Loan.

  4. Flexible Repayment Tenure

    RapidLoans MSME loans give you ample time and options to repay your business loan easily. Our loan tenures start at 1 month and go all the way up to 36 months. Additionally, you have the option to repay in monthly or bi-weekly instalments or EMIs. This allows you to repay your debt in sync with your account’s receivables.

Benefits of MSME / SME Loans by RapidLoans

– Move quickly from planning to execution

Our superfast turnaround time means that you can take things from planning to execution within a matter of days instead of weeks or months. An MSME loan from RapidLoans allows you to get ahead in product marketing, boost production and expand your supply network in no time at all.

– Remain in control of your business

Our MSME / SME loans are unsecured, keeping your valuable assets protected in case there is a loan default. Similarly, we do not take control of your credit policy in return for investment, so that you remain in charge of your precious enterprise at all times.

– Manage your company capital better

Our MSME / SME loans can be used for a number of purposes. You can either use them to expand your operations by buying plant and machinery or opening at a new location, or you can use the loan for streamlining your working capital and general cash flow. Our MSME / SME loans help you in balancing your company capital through short-term investments that can be easily repaid.

– Raise your credibility in the market

With RapidLoans MSME / SME loans, you can give your business a much-needed boost and hence improve your profitability. This, in turn, will reflect in your books and create goodwill and credibility for your business in the market. Credit rating agencies will also take note of your improving prospects and raise your business’s credit rating accordingly, opening the way to increased investment and business finance.

Eligibility Criteria for MSME / SME Loans

  1. An established business that has been in operations for more than 12 months
  2. A minimum turnover of ₹ 50 lakhs.
  3. The business should not fall under blacklisted / excluded list for SBA finance.
  4. The physical location of your enterprises should not be in the negative location list.
  5. Trusts, NGOs and charitable institutions are not eligible for small business loans.

If you are not sure if your business falls under a restricted category or location, you can contact us to confirm your eligibility.

3 simple steps to your MSME / SME Loans

  1. Submit Application

    Simply enter your personal, business and financial info to receive a MSME / SME Loans offer.

  2. Upload Documents

    Upload digital copies of your documents in a single step process for verification.

  3. Get Sanctioned

    Receive your MSME / SME Loans approval and disbursal within 3 working days.