Who We Are
Business Loan For SME Overview
SME Loans
Small and medium businesses often need funds for expansion, upgrades, hiring, or maintaining cash flow. Nitstone Finserv offers SME loans designed to support growth with quick approvals and flexible terms.
What is an SME?
SMEs are small- and medium-sized enterprises. Small Enterprises: Investment between ₹25 lakh – ₹5 crore Medium Enterprises: Investment between ₹5 crore – ₹10 crore Nitstone Finserv provides competitive rates and fast approvals based on your business type and requirements.
Benefits & Features
Flexible Tenor
Repayment options from 12 to 60 months, with prepayment choices based on your cash flow.
Online Fund Management
Manage your loan account anytime. View details, track EMIs, and make transactions easily.
Easy Approval subject to Eligibility
Apply online, and our team will contact you with suitable plans. Approvals are fast and convenient. T&C*
Competitive Interest Rates
We offer attractive rates tailored to SME needs.
Minimal Documentation
A simple process with limited paperwork to ensure faster processing.
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.
Ready to Apply
Apply NowHow to Apply
Step 1
Click on Apply to access our online form. Complete the details and submit the application.
Step 2
A Nitstone representative will review your application and contact you to discuss the next steps.
Step 3
Provide the required documents for verification.
Step 4
Loans are subject to eligibility, credit checks, and regulatory guidelines. Terms and conditions apply.
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