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MSME / SME LOAN

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MSME / SME LOAN

An MSME/SME loan is a type of business loan that is designed to provide a single line of credit to small and medium-sized businesses. An MSME/SME loan can be used for either working capital or long-term business needs.
Such business loans are specifically designed to meet the unique needs and requirements of small and medium-sized enterprises, whether for investment in new business infrastructure or the need to maintain a healthy cash flow to meet everyday business-related expenses.Small and medium-sized businesses are crucial to the Indian economy. They are not only sources of innovation and technical skills, but also of job opportunities. As much as 65% of the Indian population still lives in rural and semi-urban areas where small businesses are the primary source of income.

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MSME / SME LOAN

FEATURES AND BENEFITS

Convenient tenures of up to 8 years

Get the added flexibility to pay back your loan with repayment options ranging up to 96 months.

Money in your bank account in 48 hours

In most cases, you will receive the loan amount in your account within 48 hours of approval.

No hidden charges

All fees and charges are mentioned upfront on this page and in the loan document. We advise you to read these in detail. Know about our fees and charges

No collateral required

You do not have to worry about providing any collateral or security to get our business loan

End-to-end online application process

You can apply for our business loan from the comfort of wherever you are, at a time convenient for you.

Structured EMI Options

We allow businesses to even structure their monthly repayment EMIs around their business’ cash flow for a convenient repayment.



  • Eligibility criteria
  • Documents required
  • Advantages of MSME / SME LOAN
  • How to apply

Are you Eligible for a Loan Magic MSME / SME LOAN?

If you wish to take a small medium enterprise loan with Loan Magic, you must meet the following eligibility criteria –

  • Your age must be within 25 to 65 years
  • Your business must show consistent profitability for the last three consecutive years
  • There must be an upward trend in your business turnover
  • A registered Chartered Accountant must have audited your balance sheet

The following documents have to be submitted along with your duly filled loan application form to avail an MSME/SME business loan with Loan Magic–

  • Photo Identity Proof – copy of Voter ID/Passport/Driving License/Aadhaar Card
  • A copy of certified bank statements of the last six months
  • Business Proof documents – Trade License/Sales Tax Certificate/Sole Proprietorship Declaration/ Partnership Deed/Income Tax Returns along with computation for the last two years/Profit and Loss Statement and Balance Sheet for the last two years

How to Apply for a MSME / SME LOAN?

With Loan Magic, you can apply for a housing loan in various ways:

  • Visiting our Branch

You can visit your nearest Loan Magic branch to apply for a MSME / SME LOAN offline. Our executives there will guide you through the entire process.

  • Through the phone

An MSME/SME business loan offers the following advantages –


  • Working Capital : An MSME/SME loan can help businesses cover their short-term operational expenses by being used as working capital
  • Infrastructure Creation : Businesses today need to provide an efficient infrastructure to deliver seamless services to customers such as delivery channels and payment gateways. An MSME/SME loan helps in the creation of such infrastructure
  • Hire Competent Personnel : Competent and professional staff is especially useful in increasing sales turnover and timely customer deliveries. An MSME/SME loan helps enterprises hire talent experts who can take it to new heights
  • Means for Expansion: Technology and manpower are the basic needs of a growing business. And the two require adequate finances. An MSME/SME loan provides the critical cash flow needed by small and medium-sized enterprises for their expansion
Why Us

Why we are the right fit for you and your home

Loan Magic, a name you can trust

With the customers’ individual desires and needs in mind, our team at Loan Magic guides you at every step and offers specific financial solutions.

We care about you

We provide MSME / SME LOANs to help you fulfil your dreams without bothering you with too many formalities. We only follow statutory housing loan requirements as prescribed by the law.

We offer attractive MSME / SME LOAN interest rates

Our MSME / SME LOANs come with attractive interest rates, starting from just 8.95% per annum*. You can get your precise MSME / SME LOAN interest rate as per your borrowing profile.

We’re flexible

We provide you with complete flexibility to choose your MSME / SME LOAN amount, tenure, and EMIs as per your repayment capability.

We Won’t Make You Run Around

We only ask for minimal documents to process MSME / SME LOAN applications. You won’t have to run from pillar to post to get your MSME loan with us.

We’ve Been Here for a Long Time

We have been in the industry for a long time. With great experience in offering housing finance loans, we can make your home buying journey smooth and hassle-free.