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Business Loan For MSME

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Business Loan For MSME Overview

MSME Loans

MSME (Micro, Small and Medium Enterprises) loans are designed to benefit small and medium enterprises. It is also referred to as SME (Small and Medium Enterprises) loans. But, the purpose and essence of financial assistance remain the same. Small business owners, entrepreneurs and start-ups benefit from these loans. They can be used for a number of purposes ranging from expanding the existing business to increasing liquid cash flow or to improving the infrastructure of a small business. Lenders provide MSME loans on a short-term basis and offer varied interest rates. At Nitstone Finserv, we are dedicated to offering the best financial aid at extremely attractive rates. Choose the best MSME loans at Nitstone Finserv and enjoy multiple benefits.

Benefits & Features

Hassle-free Loan Application and Approval Process

Here are some of the benefits you can enjoy: • Easy application procedure • Instant approval for unsecured loans • No collateral security • Great rates on pre-approved online offers • Access your account online to manage and distribute funds

Eligibility & Documents

Eligibility Criteria


Since MSME loans are unsecured loans and are not offered against any collateral security, lenders insist on certain eligibility requirements. Visit our website and fill the application form to check your eligibility. However, there is a general criterion which needs to be fulfilled to obtain these loans. Let’s check them out.


  • Business must be involved in the service or manufacturing sector
  • Investment limits vary between micro, small and medium enterprises
  • Loans between Rs 25 lakh and Rs 10 crore can be obtained depending on the size of the firm

Documents for Loan Application


At Nitstone Finserv, we strive to make your loan application procedure easy and simple. Fill up our online application form and submit the required documents for instant loan approvals. Let’s check out the list of essential documents.


  • Address Proof
  • Identity Proof
  • Business Address Proof
  • Income Tax Returns
  • Last 3 years’ balance sheet
  • Sales Tax Returns
  • Project Reports

Depending on the size of your business and the kind of investment you are planning, additional documents may be required. Get in touch with our representatives for a comprehensive plan. You can also make use of our online interest rate calculator to find out the exact amount you need to repay.


We also offer the best rates on SME loans. Whether you want to renovate your office, purchase machinery, hire employees or want to expand to another city, Nitstone Finserv is ready to assist you with ideal financial solutions.


Ready to Apply

Apply Now

How to Apply

Step 1

Click on Apply to go to our online form. Fill in detail and submit the form.

Step 2

Get an instant approval. Select your required loan amount and tenure.

Step 3

Our representative will get in touch to collect your documents.

Step 4

Amount will be credited to your account.

Fees & Charges

Charges applicable  
Rate of Interest 16% - 30%
Processing fees 2% of the loan amount will be deducted at the time of disbursal of approved loan amount
EMI bounce charges Rs.2500 will be charged in the subsequent month for every bounce
Penal interest 2.00% p.m. overdue charges will be levied basis 360 days per year

Foreclosure Charges

Borrower Type: Interest Type Time Period (Months) Foreclosure charges
NA >1 4% plus applicable taxes on principal outstanding *
  • Foreclosure: charges will be applicable on the current principal outstanding. 
  • Foreclosure charges for line of credit and Flexi loans will be calculated on the Current principal outstanding.

Part prepayment charge

Borrower Type: Interest Type Time Period (Months) Part payment charges
NA >1 2% plus applicable taxes on part payment amount paid
  • Part payment made should be more than 1 EMI 
  • Nil part payment charges for flexi