Business Loan for MSMEs – compare lenders & get guided help
Working capital, term loan, GST-based loan or machinery loan – samjho, compare karo aur sahi lender choose karo. We are an independent advisor: we explain options and help with the application, while the lender decides approval.
Business loan guidance for every type of MSME
Proprietorship ho, partnership ya private limited – sahi loan type aur lender choose karna hi sabse important step hai.
Retailers & shops
Stock, renovation and festive inventory.
Manufacturers
Machinery, raw material and expansion.
Traders & distributors
Credit-cycle gaps and bulk buying.
Service businesses
Hiring, office setup and growth.
Top business loan lenders & platforms
Each lender has its own rules. Check amount, tenure and fees, then apply on the official page – or WhatsApp us for guidance.
Lendingkart
Lendingkart Finance Ltd – RBI-registered NBFC- Unsecured (collateral-free) business loan options
- Turnover and bank-statement based assessment
- Processing fee up to 3–4% (per lender website); check KFS
FlexiLoans
Epimoney Pvt Ltd – RBI-registered NBFC- Collateral-free loans for MSMEs
- Term loan and line-of-credit options
- Paperless digital application
Indifi
Lending platform – loans via its lending partners- Working capital, term loan and merchant cash advance
- Lending partner sets the final rate and terms
- GST and bank data based assessment
Protium
Protium Finance Ltd – RBI-registered NBFC- GST program up to ₹50 lakh; banking program up to ₹30 lakh
- Term loan, overdraft and invoice finance options
- Check processing fee and foreclosure charges in KFS
IIFL Finance
IIFL Finance Ltd – RBI-registered NBFC- Unsecured business loan for proprietorships
- Business vintage of about 2 years usually needed
- Digital KYC and document upload
Faircent
Fairassets Technologies – RBI-registered NBFC-P2P- Peer-to-peer platform: individual lenders fund the loan
- Rate and amount set by the platform after assessment
- Read P2P risks and platform fees before applying
*Amounts and tenure are as shown on each lender’s or a public comparison page in November 2026 and can change. Your actual amount, rate and fees are decided only by the lender after checking your profile. Company names are used only to identify their products; we are not their official branch or agent unless stated. Some links may be referral/partner links and we may receive compensation from the lender or platform – this does not change the lender’s rate for you.
Types of business loans
Sahi loan type choose karna utna hi zaroori hai jitna sahi lender.
Working capital loan
Cash for daily running costs – stock, salaries, rent and supplier payments.
Term loan
A fixed amount repaid in monthly EMIs – for expansion, a new branch or renovation.
GST / banking based loan
Assessment based on GST returns and bank statements, useful when ITR is limited.
Machinery loan
Funds to buy or upgrade equipment; the machine itself is often the security.
Invoice financing
Get money against unpaid invoices from your buyers so cash flow does not stop.
Secured loan / LAP
Loan against property for larger amounts and longer tenure, usually at lower rates.
How we help
We guide you – the lender verifies, approves and disburses.
Understand your need
Tell us amount, purpose and business type on WhatsApp or call.
Check basic eligibility
We review vintage, turnover, banking and credit profile with you.
Compare lender options
We explain options from banks/NBFCs/platforms that may fit.
Help with documents
We guide you to apply on the lender’s official app/site or with its authorised partner.
Who can apply?
Every lender has different rules – these are the common checks.
- Indian resident, usually 21–65 years (varies by lender)
- Business running for 6 months to 3 years – most lenders want at least 1–2 years
- Regular turnover visible in bank statements / GST returns
- Good repayment history – CIBIL / commercial bureau checked by lender
- Proprietorship, partnership, LLP or private limited company (NGOs/trusts usually not eligible)
- Business in an industry the lender serves and a serviceable PIN code
Documents required
KYC
- PAN of applicant / business
- Aadhaar (for e-KYC)
- Photo and current address proof
Business proof
- Udyam / GST certificate
- Shop & establishment or trade licence
- Partnership deed / MOA-AOA (if applicable)
Financials
- 6–12 months current account statement
- GST returns (GSTR-3B) if registered
- ITR / audited financials for larger amounts
Quick eligibility check
4 sawaal ka jawab do – indicative result turant dekho, phir details WhatsApp pe bhejo.
This is only an indicative guide based on common lender rules – not an offer or approval. Lenders decide after full assessment.
Business loan EMI calculator
EMI pehle check karo – phir loan amount decide karo.
Rate shown here is only an example. Your lender’s KFS will show the actual rate and APR.
Charges to check before you sign
RBI rules require lenders to share a Key Fact Statement (KFS) showing APR and all charges before you sign.
| Charge | What to check |
|---|---|
| Interest rate / APR | Set by lender based on risk. Always compare the APR (total yearly cost) shown in the Key Fact Statement (KFS). |
| Processing fee | Often 1%–4% of loan amount + GST for unsecured loans; some lenders charge more. |
| Foreclosure / part-payment | Some lenders allow free prepayment after a few EMIs, others charge 2%–5%. |
| Penal charges | Charged on late EMIs or bounce. RBI rules require these as penal charges, not extra interest. |
| Other charges | Stamp duty, documentation, insurance (optional), GST on fees. |
Our service charges (Kotadiya Enterprise)
We are an independent loan advisory & assistance service. For business loan assistance we charge ₹100 processing fee + consultation charges (told to you in writing before you pay). Payment is accepted only by UPI using details shared from our official numbers (+91 90990 08561 / +91 81405 26761). Our charges are for guidance and documentation help – not a guarantee of loan approval.
Lenders do not need you to pay anyone in advance to “release” a loan. If someone asks for money to guarantee approval, do not pay. Details: Fee disclosure · Referral disclosure
Government schemes for MSME loans
Bank ke through milne wale schemes bhi check karo – kabhi kabhi ye sasta option hota hai.
PM Mudra Yojana (PMMY)
Shishu, Kishore, Tarun & Tarun PlusCollateral-free loans for micro businesses through banks, NBFCs and MFIs – Tarun Plus goes up to ₹20 lakh for eligible past borrowers.
CGTMSE guarantee
Guarantee cover for MSME loansBanks can give collateral-free credit to MSMEs with a credit guarantee from CGTMSE; a guarantee fee applies.
PMEGP
Subsidy for new unitsMargin-money subsidy for setting up new manufacturing or service units through banks, run by KVIC.
Stand-Up India
₹10 lakh – ₹1 croreBank loans for greenfield projects by women and SC/ST entrepreneurs.
Government schemes are offered through banks and eligible lenders; limits and rules change. Check the official portals (mudra.org.in, cgtmse.in, kviconline.gov.in, standupmitra.in) for the latest details. We can guide you on documents for these too.
Do’s and don’ts
✅ Do’s
- Compare at least 2–3 lenders using APR, not only the interest rate
- Read the Key Fact Statement (KFS) and loan agreement before signing
- Borrow only what your monthly cash flow can repay
- Apply on the lender’s official app/website or its listed partner
- Keep GST filings and bank statements updated
⛔ Don’ts
- Don’t apply with many lenders on the same day – too many enquiries can hurt your score
- Don’t pay anyone who promises ‘100% approval’ or ‘no CIBIL check’
- Don’t share OTP, UPI PIN or net-banking password
- Don’t install unknown loan apps that ask for contacts or gallery access
- Don’t use a business loan for speculation or personal luxury spends
Frequently asked questions
Are you a bank or lender?
No. Kotadiya Enterprise is an independent loan advisory and assistance service. Loans are given only by RBI-regulated banks, NBFCs or platforms, and they decide approval, amount and rate.
Do you guarantee business loan approval?
No. No one can guarantee approval. The lender decides after checking eligibility, credit profile, documents and its internal policy.
What do you charge?
For business loan assistance we charge ₹100 processing fee + consultation charges (told to you in writing before you pay). Payment is accepted only by UPI via details from our official numbers. These charges are for guidance and are not a guarantee of approval.
What is the interest rate on a business loan?
It varies by lender and profile. Unsecured business loans from NBFCs commonly fall in a wide range; always compare the APR shown in the Key Fact Statement (KFS).
Can I get a business loan without collateral?
Yes, many NBFCs and banks offer unsecured business loans to eligible MSMEs. Larger amounts or longer tenure may need security such as property or machinery.
What is the minimum business vintage required?
It depends on the lender – some consider 6–12 months, while many prefer 2 years or more with regular turnover.
Can I get a business loan without ITR?
Some lenders assess on GST returns and bank statements for smaller amounts. For higher amounts, ITR and financials are usually required.
How can I check if a lender is genuine?
Check the lender’s name on the RBI website (NBFC list / regulated entities), apply only via its official app/website or listed partner, and read the KFS before signing.
Ready to compare business loan options?
Tell us your need – we’ll explain suitable lender options, EMI and documents in simple language.
Independent advisor · Not a bank/NBFC · Service charges apply · *T&C Apply