About MSME Loans
Loanpao’s MSME Loans support small and medium enterprises in Delhi, India, with funding for expansion, working capital, and equipment purchase. Enjoy competitive interest rates, fast disbursal, and flexible repayment options tailored for MSMEs.
Why Choose Our MSME Loan?
- Interest Rates starting at 11.0% p.a.
- Loan Amount from ₹1 Lakh to ₹2 Crore
- Flexible Tenure up to 5 Years
- Collateral: Optional for loans up to ₹2 Crore
- Approval within 3-5 business days
- Minimal documentation
- Special schemes under government programs
- Support for startups and women entrepreneurs
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Business Type | Registered MSME (Micro, Small, or Medium Enterprise) |
| Business Vintage | Minimum 1 year of operations |
| Annual Turnover | Minimum ₹10 Lakh |
| Credit History | No major defaults; credit score 700+ preferred |
What Documents Do You Need?
- KYC: Aadhaar / PAN / Voter ID of business owner
- Business Proof: GST registration, Udyam registration
- Financials: ITR, balance sheet, profit & loss statement
- Bank Statements: Latest 6 months
- Collateral (if applicable): Property or asset documents
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| SBI | 11.0% p.a. | 0.5% or ₹10,000 |
| HDFC Bank | 11.5% p.a. | 0.75% or ₹15,000 |
| ICICI Bank | 11.75% p.a. | 0.75% or ₹15,000 |
| Axis Bank | 12.0% p.a. | 0.6% or ₹12,000 |
| Kotak Mahindra Bank | 12.25% p.a. | 0.75% or ₹15,000 |
| Bank of Baroda | 11.25% p.a. | 0.5% or ₹10,000 |
| Union Bank of India | 11.5% p.a. | 0.5% or ₹10,000 |
| Punjab National Bank | 11.25% p.a. | 0.5% or ₹10,000 |
| IDFC FIRST Bank | 12.0% p.a. | 0.6% or ₹12,000 |
| Yes Bank | 12.5% p.a. | 0.75% or ₹15,000 |
| NBFCs | 13.0% p.a. | 1.0% or ₹20,000 |
| Co-operative Banks | 11.5% p.a. | 0.5% or ₹10,000 |
Extra Charges:
- Late Payment Charges: 2% p.m. on overdue amount
- Prepayment Charges: 2% on outstanding amount
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
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How to Apply for an MSME Loan
- Complete the online application with business details.
- Submit KYC, business proof, financials, and collateral (if applicable) documents.
- Undergo verification of business operations and credit history.
- Review and accept the loan offer.
- Complete legal formalities for collateral, if required.
- Receive funds within 3-5 business days.
Common Questions About MSME Loan
What is an MSME Loan?
An MSME Loan is a financial product designed for Micro, Small, and Medium Enterprises to fund business needs like expansion or working capital.
Who can apply for an MSME Loan?
Registered MSMEs with at least 1 year of operations and a minimum turnover of ₹10 Lakh.
What is the maximum loan amount?
Up to ₹2 Crore, depending on business eligibility.
How long does approval take?
Approval takes 3-5 business days after verification.
Can I prepay the loan?
Yes, prepayment is allowed with 2% charges on outstanding amount.
Is collateral required?
Collateral is optional for loans up to ₹2 Crore under certain schemes.
What is the repayment tenure?
Up to 5 years, with flexible repayment options.
Are there special offers?
Yes, special schemes for startups, women entrepreneurs, and government-backed programs like CGTMSE.
What documents are needed?
KYC, business proof, financial statements, bank statements, and collateral documents (if applicable).
How does it affect my credit?
Timely repayment improves your credit score, while defaults may impact future loan eligibility.