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MSME Loan for New and Existing Business

Home Business Loan MSME /SME Loan

MSME loan is a funding option offered to individuals, startups, businesses, MSMEs (Micro Small and Medium Enterprises) and other entities for setting up new enterprises and business expansion purposes.

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MSME Loan @ Low Interest Rates

  • Offers from India's top banks & NBFCs
  • Easy, transparent & convenient process
  • Quick disbursals

Get Business Loan upto Rs. 1 crore within 72 hours

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Paisabazaar Personal Loan Cashback Offer
Terms and Conditions

What is the Offer?

Paisabazaar Personal Loan Cashback Offer (“Offer”) will allow customers to participate in this offer by applying for Personal Loan on the Website i.e. www.paisabazaar.com or mobile application (“Website”). To Participate in this Offer, customers need to apply/ fill in application for a Personal Loan on the Website between 00:00:00 hours 26th June, 2021 to 23:59:59 hours 31st July, 2021 (“Eligibility Period”). Once the Personal Loan is disbursed and confirmed by the bank, the customer will be eligible for the Offer. This Offer is launched and offered solely at the discretion of Paisabazaar. By your access and participation in the Offer, you agree to be bound by the terms described herein and all the terms incorporated by reference. This Offer shall also be governed by Terms of Use, Privacy Policy as displayed on the Website.

Under this Offer:

- 1 lucky winner will get up to 100% of his Personal Loan amount disbursed as Cash back (Maximum cashback will be INR 5,00,000). For e.g. If your Personal loan amount disbursed within the specified period is 7,00,000/-; you will be eligible for maximum Cashback of INR 5,00,000). If your Personal loan amount disbursed is 3,00,000/- or 5,00,000/- lakh you will be eligible for upto 100% cashback of your Personal Loan amount i.e. 3,00,000/- or 5,00,000/- respectively

- 2 lucky winners will get 1 lakh cashback

- 3 lucky winners get 50,000/- cashback

- 10 lucky winners get 10,000/- cashback

- Others get 1000/- cashback

Offer Eligibility

To receive benefits under this Offer:

1. Customer should have applied for Personal Loan on the Website between 00:00:00 hours 26th June 2021 to 23:59:59 hours 31st July 2021.

2. The Personal loan should be disbursed to the customer on or before 23:59:59 hours 31st August 2021

3. Only for salaried customers

4. Minimum Personal Loan amount should be INR 1,00,000

5. Where the Customer has applied for more than one Personal Loan application during the Eligibility Period, the Customer will be eligible for cashback under this Offer for Personal Loan applied first during the offer period/ Eligibility Period.

6. Customers availing/ availed Personal loan under any Pre-Approved offer or No income document offer on the Website will not be eligible for benefits under the Offer.

2. How does the customer get cashback?

For cashback below INR 10,000

-- The customer shall be eligible for cashback in the form of ‘Cashback’ voucher(s) on successful Personal Loan disbursal. The voucher shall be sent only on the registered mobile number & email entered by the customer while applying for the Personal Loan on the Website

* No other mobile number or email ID shall be considered for sharing voucher details

For Cashback equal to or more than INR 10,000

- The Cashback would be paid through online transfer to the customer’s bank account

- Customers shall share their Pan Card, Cancelled Cheque with Paisabazaar to avail the applicable cashback under this Offer

- 30% TDS would be deductible on the Cashback amount equal to or more than INR 10,000

- Any communication under this Offer will be done by or at 1800 208 8877 or cashback@paisabazaar.com

3. When will customers get cash back?

The cashback would be given to the selected eligible Customers between 1st October 2021 to 31st October 2021 post confirmation received from the disbursal bank.

4. How will the amount for cashback and winners be decided?

1. The Customer who applied for Personal loan through the Website during the Eligibility Period and subsequent disbursal would be eligible for a guaranteed cashback during under the Offer in accordance with the Cashback slabs as mentioned.

2. For cashback amount for more than INR 1,000 and up to INR 5,00,000 the following process would be followed

- All the eligible customers would be a part of a “Luck Draw” to be held on 15th September 2021

- Winners would be decided by randomly selecting the eligible customers by way of Lucky Draw for cashback up to 100% of their loan amount (Upper Limit: INR 5,00,000)

- The lucky draw would happen live through webinar and recorded

PRELIMINARY TERMS & CONDITIONS

1.Minimum loan amount disbursed to be INR 1,00,000/- or above to be eligible for this Offer.

2. This offer (“Offer”) is being run on www.paisabazaar.com including Paisabazaar mobile application (collectively “Website”), which is owned and operated by Paisabazaar Marketing and Consulting Private Limited (“Paisabazaar”, “We” or “Our”).

3. By participating in this Offer, the user (“Customer”, “You” or “Your”) agrees to be bound by these terms and conditions (“T&C”); and shall also be governed by the Terms of Use, Privacy Policy as displayed on the Website. The terms and conditions as may be applicable on gift cards including Electronic Gift Vouchers, and other relevant documentation including any modifications, alterations or updates thereof, that are published on the Website.

4. *Amazon.in is not a sponsor of this Offer. Amazon Pay Gift Cards ("GCs") are issued by QwikCilver Solutions Private Limited (“QwikCilver”). GCs may be used only for the purchase of eligible products/services on Amazon.in or other partner sites. GC balances must be used within 1 year of the date of purchase/activation and any unspent balance shall expire in 1 year from the date of purchase. GCs cannot be transferred for value or redeemed for cash. QwikCilver, Amazon Seller Services Private Limited (“Amazon”) or their affiliates are not responsible if a GC is lost, stolen, destroyed or used without permission. To redeem your GC, visit www.amazon.in/addgiftcard. For complete terms and conditions, see www.amazon.in/giftcardtnc. All Amazon ®, ™ & © are IP of Amazon or its affiliates

5. All applicable terms and conditions of the individual loan disbursing banks/ NBFCs/ Fintechs.

6. To participate in the Offer, You must do/ fulfill the following:

a) The Customer shall be citizen of India and must be 18 years or above holding a valid PAN;
b) Apply for a Personal Loan on the Website and the Loan amount shall be disbursed by the respective bank/NBFC/ Fintech against customer’s application through the Website between 00:00:00 hours 26 th June, 2021 to 23:59:59 hours 31st August, 2021..

7.The participation in the Offer is voluntary and by participating, you are deemed to have read, understood and accepted these terms and conditions

8.These terms and conditions in anyway do not alter the terms and conditions that you may have agreed for availing a service offered by Paisabazaar. In case of a conflict between these terms and Terms of Use as displayed on the Website, the latter shall prevail to the extent of such conflict

9.You acknowledge and confirm that you are aware of the nature of telecommunications/ internet services and that an email transmission may not be received properly and may be read or be known to any unauthorized persons. You agree to assume and bear all the risks involved in respect of such errors and misunderstandings and Paisabazaar shall not be responsible in any manner.

10.By participating in this Offer, it would be deemed that you have given Paisabazaar /Paisabazaar partners your consent to contact You through call, SMS or email on the details provided by You for the purpose of this Offer and other Paisabazaar service offerings.

11.Electronic Gift Vouchers ’EGVs’ are not transferable. All the Terms and conditions for Gift Cards listed on www.amazon.in/giftcardtnc shall be applicable.

12. You are solely responsible for the safety and security of the EGVs. Paisabazaar/Loan disbursing bank/NBFC/Fintech is not responsible for any acts of omission or commission if the EGV is lost, stolen or used without permission.

GENERAL TERMS & CONDITIONS

1.This Offer is exclusive for Paisabazaar customers and is not sponsored by banks/NBFCs/Fintechs.

2.It is understood and agreed that by mere participation to the Offer doesn’t not entitle the participant to claim the benefits/ prizes under this Offer. The participant should be a selected/ declared winner by Paisabazaar in conformity with the terms herein, to claim the benefits/ prizes.

3. The Offer is open to only end consumers and not to resellers.

4. This Offer is applicable on all personal loans available on Website except preapproved and pre- qualified personal loan offers.

5. This offer is not applicable for the employees of Paisabazaar and any of its group companies.

6. The EGV shall not be settled with cash in lieu by Paisabazaar, and is not transferable.

7. Paisabazaar can update, change and modify these terms without prior notice along with any FAQs or guidelines that may have been issued pertaining to the Offer, at any time and in its sole discretion.You shall not hold Paisabazaar, its group entities, or affiliates, their respective directors, officers, employees, agents, vendors, responsible for or liable for, any actions, claims, demands, losses, damages, costs, charges and expenses for a claim to have suffered, sustained or incurred, or claims to suffer, sustain or incur, by way of and/or on account of various offers offered under the Offer.Paisabazaar may suspend or terminate the Offer or your ability to participate in this Offer at any time for any reason. We reserve the right to take strict administrative or legal action, termination of your participation in the Offer, if we notice any activity that we believe is including but not limited to abusive, fraudulent, any attempt to take unfair advantage of the Offer and/or is in violation of the these terms, Terms of Use, and Privacy Policy of the Website. We reserve the right to review and investigate all activities pertaining to your action with respect to Offer and/or modify the Offer in our sole discretion as deemed fair and appropriate to us.In matters relating to the Offer hereto, the decision of Paisabazaar will be final and binding in all respect

8. The Offer and the related EGV are subject to availability.

9. Paisabazaar does not guarantee the disbursal of Personal Loan in any manner whatsoever. The decision of the loan disbursing banks/NBFCs/Fintechs will be final and binding in this regard.

10. The Offer is non-transferable and non assignable.

11. The Offer shall be and is available in accordance with applicable laws and shall not be available wherever it is prohibited under law.

12. Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any participating establishment, which may arise or accrue to the customer due to provision of the Offer, shall be to the sole account of the customer

13. Participants are not bound in any way to participate in this Offer. Any participation is voluntary and the Offer is being made purely on a best effort basis.

14. The Offer shall be subject to force majeure events and on occurrence of such an event, the Offer may be withdrawn at the discretion of Paisabazaar

15. Paisabazaar shall not be responsible for any loss, injury or any other liability arising due to participation by any person in this Offer.

16.You hereby agree to indemnify, defend and keep Paisabazaar harmless against all damages, liabilities, costs, expenses, claims, suits and proceedings (including reasonable attorney’s fee) that may be suffered by Paisabazaar as a consequence of:

(i) violation of terms of this T&C by You;

(ii) violation of applicable laws;

(iii) any action or inaction resulting in wilful misconduct or negligence on Your part.

17. This T&C shall be governed in accordance with the applicable laws in India. Courts in Gurugram (Haryana) shall have the exclusive jurisdiction to settle any dispute that may arise under this T&C. Any query regarding this Offer will be entertained only till October 31st, 2021. Post such date Paisabazaar will not entertain any correspondence or communication regarding this Offer from any persons.

18. By participating in this Offer, you are deemed to have read, understood and accepted these Terms and Conditions.

19.If any provision of these terms is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed from the remainder of these terms, which will otherwise remain in full force and effect.

20.This document is an electronic record in terms of Information Technology Act, 2000 and the Rules there under as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures

हिंदी में पढ़े
Updated: 27-07-2021 07:38:33 AM

What is MSME Loan?

Micro, Small and Medium Enterprise (MSME) loan is the credit facility in form of business loan offered by financial institutions to individuals, MSMEs and Startup enterprises for business expansion purposes and to promote MSME sector. MSME loan schemes are majorly used by business owners and enterprises to meet their working capital requirements, to manage or increase cash flow, for business expansion purposes and much more. Usually, most of the banks and NBFCs offer MSME loans without demanding any collateral or security from the borrowers.

Compare MSME Loan Interest Rates – 2021

LendersInterest Rate
SBI8.30% onwards (SME Loan)
Kotak Mahindra Bank15% onwards
Axis Bank15% onwards
HDFC Bank16% onwards
FlexiLoans16% onwards
Fullerton Finance17% onwards
ICICI Bank18% onwards
Lendingkart Finance18% onwards
ZipLoan18% onwards
IIFL Finance18% onwards
Hero Fincorp18% onwards
Indifi Finance18% onwards
NeoGrowth Finance18% onwards
Tata Capital Finance18% onwards
RBL Bank19% onwards
SMEcorner20% onwards
IDFC First Bank20% onwards
HDB Financial Services Ltd.22% onwards
PNB Business LoanBased on your Business’s Profile
Bank of BarodaBased on your Business’s Profile

Note: The mentioned interest rates are subject to change and depend on the sole discretion of the bank, NBFC and RBI.

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MSME Loan – Features, Fees & Interest Rates

Interest RateDepends on applicant’s profile and business requirements
Loan AmountMinimum Limit to borrow is Rs. 30,000 and Maximum is up to Rs. 1 crore, can exceed as per business requirements
Repayment TenureFrom 12 months – 5 years
CollateralNot required for Unsecured Business Loans
Processing FeeFrom Nil to 4% of the loan amount
Foreclosure ChargesFrom Nil to 5% of the outstanding principal amount
Part-payment ChargesFrom Nil to 4% of the outstanding principal amount
Loan Cancellation ChargesVaries from bank to bank
SubsidyOffered by selected financial Institutions
Credit FacilitiesWorking Capital Loan, Bill discounting, Overdraft, Cash Credit, Letter of Credit, Bill of Purchase, Merchant Cash Advance, etc.

Note: All the above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank/NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.

Apply for Business Loan @ 14.99% onwards per annum Apply Now

Eligibility Criteria for MSME Loan

  • Age: Min. 18 years and Max. 65 years
  • Eligible Entities: Individuals, SMEs, MSMEs, business owners, women entrepreneurs, self-employed professionals and people falling under SC/ST/OBC category
  • Private or Public Limited Companies, Sole Proprietorship, Partnership Firm and Limited Liability Partnership engaged only in trading, services and manufacturing sectors are also eligible
  • Business Turnover: Min. Rs. 10 lakh for existing enterprises, varies from bank to bank
  • Good repayment history with financial stability
  • Credit score above 750 is considered good by lenders
  • Applicant should not have defaulted with any financial institution in past

Documents Required for MSME Business Loan Application

  • Duly filled Application form with passport-sized photographs
  • KYC documents of applicant and co-applicants that include Passport, Aadhar card, Voter’s ID card, Driving License, PAN Card and Utility Bills (Telephone, Electricity)
  • Income Proof
  • Business Address Proof
  • Last 6 months’ bank statement along with bank details
  • Business Establishment Certificate
  • Proof of belonging to SC/ST or OBC category, if applicable
  • Any other document required by the bank/NBFC

Also Read: MSME Registration – All You Need To Know

msme loan features

MSME Loans under Government Schemes – 2021

SME/MSME schemes initiated under Ministry of MSME are offered to Micro, Small and Medium Enterprises (MSMEs) by various banks and NBFCs. Popular MSME schemes offered by financial institutions and initiated by the Indian Government are below mentioned:

Best SME/MSME Loan offers are just a click away Apply Now

MSME/Business Loan without Collateral/Security

MSME Business Loans are availed by customers to meet their working capital requirements and for business expansion purposes. MSME loan for new business are mostly unsecured business loans offered by financial institutions are collateral-free in which the borrower is not required to submit any collateral or security with the bank.

MSME business loans without collateral are offered at competitive interest rates that can be repaid with flexible repayment options in the form of EMIs. Collateral free loans are usually short-term loans that can be repaid within a tenure of 12 month, and may exceed up to 5 years depending upon the business requirements.

The loan amount offered shall depend on the applicant’s profile, creditworthiness, repayment capability and financial stability. Most of the financial institutions like private and public sector banks, Non-Banking Financial Companies (NBFCs), Regional Rural Banks (RRBs), Small Finance Banks (SFBs) and Micro Finance Institutions (MFIs) offer MSME Loans without Collateral.

Purpose of MSME Loans

  • To meet working capital requirements
  • For new and existing business expansion
  • To manage business cash flow
  • To buy or install new equipment or machinery
  • For the purchase of raw materials, vehicles, tools, etc
  • To stock up inventory
  • To pay-off rent, salaries, hire staff, train staff and much more

New MSME Scheme Categorization

The distinction between the manufacturing and services enterprises has been removed by making the investment amount and annual turnover similar for enterprises engaged in both the sectors.

MSME – Merged Criteria: Investment and Annual Turnover
Sector/Enterprise TypeMicro EnterpriseSmall EnterpriseMedium Enterprise
Manufacturing & Services Sector, BothInvestment less than Rs. 1 crore

Turnover less than Rs. 5 crore

Investment less than Rs. 10 crore

Turnover up to Rs. 50 crore

Investment less than Rs. 50 crore

Turnover up to Rs. 250 crore

MSME Toll-Free No: 1800-123-7376
General Enquiries: 011-23063288/011-23063643

How to Apply for a MSME Loan?

To apply for a business loan, applicants can check and compare from various loan options that suit the business requirements. Follow the below steps to apply for a business loan by clicking ‘Business Loan’ on the homepage of the website.

Step 1: Fill in all the required fields, such as desired loan amount, employment status, annual gross sales or turnover, city of residence, years in current business, collateral type and mobile number.

Step 2: Check the below box to agree on terms and further Click to ”Unlock Best Offers”

Step 3: Further you are required to mention the Company type, Nature of business, Type of industry, Gross Annual Profit, Bank Account, any existing EMI, Full name, Gender, Residence PIN code, PAN card, Date of Birth and Email Address.

Step 4: After submitting all the details, the bank’s representative will contact you to proceed with loan formalities.

Step 5: Once your loan application is approved, within defined working days the approved loan amount shall get disbursed in your mentioned bank account.

The MSME/SME loan interest rates offered by various private and public sector banks, NBFCs, Small Finance Banks (SFBs), Regional Rural Banks (RRBs) and Micro Finance Institutions are (MFIs) are based on various factors, such as desired loan amount, repayment tenure, nature and tenure of business, and applicant’s profile, financial history, creditworthiness and repayment capability.

Estimated numbers of MSMEs in India – 2020-2021

Activity Category/SectorEstimated Number of Enterprises (in lakh)Share
Manufacturing196.6531%
Trade230.3536%
Services206.8533%
All633.88100%

Source: https://msme.gov.in/ (Data as on July 2021)

Distribution of Enterprises (Rural and Urban area wise)

SectorMicroSmallMediumTotalShare
Rural324.090.780.01324.8851%
Urban306.432.530.04309.0049%
All630.523.310.05633.88100%

Source: https://msme.gov.in/ (Numbers are in lakh) (Data as on July 2021)

FAQs on MSME Loans

Q. Is credit score important for MSMEs in getting MSME loan?
Ans. Yes, having a good credit score that is above 750 is always an added advantage when applying for MSME loans.

Q. Is MSME registration voluntary or compulsory?
Ans. MSME registration is totally voluntary and businesses do it to utilise the benefits offered under it.

Q. How much loan is offered under MSME schemes?

Ans. The business loan amount for an MSME is ranged between Rs. 30,000 to Rs. 1 crore (Collateral-free loans), the amount may exceed depending upon business requirements.

Q. How can I get collateral-free MSME loans?

Ans. If you want to get collateral-free loans for MSME or startups, then you will have to apply for unsecured business loan.

Q. Is there any turnover limit for MSME Schemes?

Ans. The minimum annual turnover limit is defined by the lender and it shall very from applicant to applicant.

Q. Is machinery loan offered to MSMEs?

Ans. Yes, a machinery loan is a type of business loan offered by various banks and NBFCs to MSMEs and entrepreneurs.

Q. What is the MSME loan interest rate offered by SBI?

Ans. The MSME loan interest rate offered by SBI is 8.30% onwards.

Q. What is MSME registration fee?

Ans. The MSME registration is free of cost and obtaining MSME certificate is also absolutely free.

Q. Who is eligible for MSME/SME loan?

Ans. MSME loans can be availed by self-employed professionals, entrepreneurs, business owners, micro-small and medium enterprises, sole proprietorship, partnership firms, limited liability partnership (LLP), etc.

Q. How can I avail MSME loan in 59 minutes?

Ans. To apply for MSME loan online in 59 minutes, you can visit the official website of psbloansin59minutes.com, an initiative by Government of India that approves business loans in just 59 minutes after application form submission.

Q. Is GST mandatory for MSME Loans?

Ans. Yes, last years’ GST return is necessary for existing MSME and salaried professionals who want to start their new business.

Q. What is the validity of the Provincial Registration Certificate (PRC)?
Ans. The validation of a Provincial Registration Certificate (PRC) is for 5 years.

Q. Is there any validity of MSME certificate?
Ans. The validity of MSME certificate is of 5 years.

Business Loan News

Bank of Baroda in partnership with U GRO Capital to disburse Rs. 1000 crore loan to MSMEs

26th July 2021: Under this co-lending program, Micro Small and Medium Enterprises (MSMEs) can now avail business loans worth of Rs. 1000 crore that shall be disbursed by Bank of Baroda in partnership with U GRO Capital. As per RBI’s revised co-lending regulation, 80% of the loan amount shall be disbursed by BOB and the rest by the NBFC partner. The loan can be availed by MSMEs operating at U GRO’s over 200 channels around 9 locations in cities that include Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Jaipur, Ahmedabad, Pune and Bengaluru. Below are the loan details offered for MSMEs:

Features of MSME Loan under co-lending program

Interest Rate8%-10% per annum
Loan AmountUp to Rs. 50 lakh
Repayment TenureUp to 120 months
FM announces additional Emergency Credit Line Guarantee Scheme (ECLGS) for Covid-19 affected sectors

28 June 2021: Finance Minister Nirmala Sitharaman announces additional Rs 1.5 lakh crore funding under the Emergency Credit Line Guarantee Scheme (ECLGS) for COVID affected sectors. The sector-wise details shall be decided as per the requirements or sector needs. Now the ECLGS scheme is expanded up to Rs. 4.5 lakh crore. Approximately, 25 lakh people can avail the loan via Micro Finance Institutions (MFIs). This financial stimulus is launched as a part of Atma Nirbhar Bharat Package in May, 2020.

SBI Launches New Business Loan Scheme to support Healthcare Sector

June 25, 2021: SBI introduces Aarogyam Healthcare Business Loan scheme to offer financial support to the healthcare sector to fight COVID-19. Under this special loan category, healthcare entities can avail loans up to Rs. 100 crore, as per their geographical location. The repayment tenure of the loan is up to 10 years. Collateral-free loans up to Rs. 2 crore, as covered under guarantee of Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). The nature of the loan is both Term Loan for expansion purposes, as well as Working Capital Loan in form of letter of credit and cash credit. For Tier I & Urban centres maximum loan amount offered is upto Rs 20 crore and Rs. 10 crore for Tier II to Tier VI centres.

Loans offered under Mudra Scheme exceeds Rs. 9 lakh crore

June 24, 2021: At G20 Labour and Employment Ministers’ Meeting, Labour Minister Santosh Kumar Gangwar announced that more than Rs 9 lakh crore has already been disbursed, as collateral-free loans under Mudra scheme. As per the labour minister, approximately 70% of the account holders are women under Pradhan Mantri Mudra Yojana (PMMY). Mudra Yojana was primarily introduced to offer financial support to budding entrepreneurs across the nation.

SME Loan Relief Measures during COVID-19

30th May 2021: SBI and IBA announce SME loan relief measures for individuals and MSMEs to lower the COVID impact. The Government of India declares an extension of its Rs. 3 lakh crore ECLGS – Emergency Credit Line Guarantee Scheme.

  • Public Sector Banks to offer restructuring loans to individuals, small businesses and MSMEs up to Rs 25 crore
  • For loans up to Rs. 2 crore, Govt. to provide 100% guarantee cover to hospitals, nursing homes, etc. for setting up of on-site oxygen generation plants
  • Interest Rate offered is 7.50%
  • The validity of ECLGS has also been extended to September 30, 2021
  • The disbursement under the scheme has been permitted up to December 31, 2021
RBI announces Rs. 50,000 crore funding support to fight COVID

5 May 2021: RBI Governor, Shaktikanta Das introduced new measures to tackle the second wave of COVID-19 in India. The Governor announced on-tap liquidity funding of Rs. 50,000 crore, as a credit facility to be offered to banks, NBFCs and other lending institutions. This funding support is in the form of incentivised loan schemes that shall be offered to the enterprises engaged in healthcare, manufacturing and logistics sectors. Vaccine manufacturers, hospitals, medical equipment makers, as well as patients shall be offered loan schemes by the private and public sector banks, NBFCs, Micro Finance Institutions (MFIs) and Small Finance Banks (SFBs).

State Bank of India Business Loan
(4.7/5 ) 46 Reviews
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Apr 13, 2021
4/5
outstanding customer experience I would say

One thing is for sure that paisabazaar has quality and professional customer service executives. It was really a cakewalk for availing a business loan with you guys. From starting to find the best deal and till the final step it was overall great customer experience. Smooth loan process and excellent services from you people. Thanks a lot.

Apr 13, 2021
4/5
Attractive interest rates on MSME loan

I am running a medium sized enterprise and for some business expansion purposes i required loan. At paisabazaar.com I checked for some loan deals that had attractive interest rates on MSME loan. Even better rates than business loans, so i picked one best deal with really low interest rates and flexible repayment options.

Apr 13, 2021
4/5
Got loan despite of having low cibil score

I was having low credit score but had to get a loan for my business. i clicked on paisabazaar.com to explore all the best options that can i get loan with low credit score.

Apr 13, 2021
4/5
Quick and easy business loan application I got

After applying loan from paisabazaar I got to know that there are only limited documents required for the loan and even the loan process is quick and easy that the loan gets approved in within couple of hours. Online form submission is also really simple and even uploading the documents. So altogether a good experience.

Apr 13, 2021
4/5
Got Loan for My Business Requirements

I wanted to apply for short-term loan for my business requirements. The business required a loan amount up to Rs. 10 lakh and wanted to pay it in 12 months. But i was unaware of the loan deals offered by banks. Paisabazaar helped me in getting loan for my business requirements at low interest rates.

Apr 13, 2021
5/5
Needed collateral fee loan

I have plan to start a grocery store near my residence and for that i needed collateral free loan for my business. I was not aware that which bank shall offer me collateral free loans so i visited paisabazaar.com to check and compare from various loan deals. I picked one deal offered by SBI which was at low interest rates and no collateral. The loan process was simple and i got loan in very less time. Thank you.

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