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Business Loan For SME

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Business Loan For SME Overview

SME Loans

A small or medium sized business needs funds for various purposes. SME loans are offered to these businesses to expand their operations. It can be used to acquire new infrastructure, renovate an existing space, hire more skilled workers or add equipment to an existing facility. These loans aim to ease the financial burden of businesses.

What is an SME?

SMEs are small scale business units. For small enterprises, capital investment is generally between INR 25 lakh to INR 5 crore. And in case of medium enterprises, it ranges from Rs 5 crore to Rs 10 crore. Nitstone Finserv offers SME loans at extremely attractive rates. Whether you want to invest in a manufacturing unit or wish to maintain healthy cash flow, get in touch with us for the best plans. Depending on the nature of your business, we approve loans within a day to meet the demands of your growing business.

Benefits & Features

Flexible Tenor

Enjoy flexible repayment terms of 12 to 60 months with Nitstone Finserv. Depending on your financial condition, prepayments can also be arranged.

Online Fund Management

Check your loan account with Nitstone Finserv with just a few clicks of the mouse. Access and manage your funds directly from your account and enjoy smooth, secure transactions every time.

Easy Approval

At Nitstone Finserv, we understand your urgency and therefore, loans for small and medium businesses are approved within a very short period of time. Fill up our online application form and our representative will soon get in touch with you with the best plans. It is extremely convenient, and you can apply any time of the day, from the comfort of your home or office.

Low-Interest Rates

Enjoy the convenience of lower interest rates with Nitstone Finserv. We offer the best rates for SME clients.

No Need for Collateral Security

You can easily avail our business loans for SMEs without any collateral security.

Minimal Documentation

We strive to reduce the paper trail considerably. Submit the online application form along with a few necessary documents to apply for a loan.

Eligibility & Documents

Eligibility Criteria


SMEs which have been profitable for the last two years are eligible for loans. Sole proprietorship firms, public or private enterprises, partnership firms and manufacturing units are allowed to apply for SME loans.



If you are looking for MSME loans, get in touch with us for attractive rates.


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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