Propel Your Business Forward with Our MSME Loan
Deepshikha Finance MSME Loan
Deepshikha Finance proudly supports the backbone of the Indian economy – the Micro, Small, and Medium Enterprises (MSMEs). Our dedicated MSME loans are designed to cater to the unique needs of Indian businesses, ensuring that financial hurdles never stand in the way of your success.
No Running Between Banks
Goodbye to endless bank visits. With our online process, apply from the comfort of your office or home.
Online Process
A fully digitalized application process that saves you time and spares you the paperwork.
Fast Approval
Get quick approvals for your business financing needs and maintain your business momentum.
Easy Repayment Options
Flexible repayment plans that adapt to your business cash flow and financial structure.
Lowest Processing Fee
Our processing fee starts at 1% which is lowest in the industry.
No unnecessary calls
We know unnecessary calls are frustrating. We don’t bother our clients with unnecessary calls.
MSME loan eligibility
| Age Criteria | Applicants must be between 21 and 65 years of age. |
| Business Profile | Eligible entities include individual corporations, sole proprietors, and private companies in the trading, production, or services sector. |
| Industry Experience | At least five years of experience, with three years in the current industry. |
| Competitive Interest Rates | Benefit from interest rates starting as low as 8.5%* per annum. |
| Operational Business | Your business should have been operational for at least a year with monthly sales of at least 200,000. |
| Financial Compliance | We require that your business has a clean financial record and is compliant with all tax obligations. |
| Swift Disbursal | With our streamlined process, the funds could be in your account in just 2-7 business days*. |
MSME loan processing fee
Processing Fees: 1 – 2.5%, determined by your loan eligibility. Choosing Deepshikha Finance for your MSME business loan opens the door to a realm of growth and opportunity for your enterprise. Our processing fees, which range between 1 and 2.5% based on your loan eligibility, are designed to be economical, ensuring that the path to expanding your business is as accessible as possible.
*Terms and Conditions Apply. Interest rate and loan approval are subject to eligibility and creditworthiness. And the disbursal time may vary.
MSME Loan Process
1. Submit Your Application:
Get started by filling out our online form and providing the necessary documentation.
2. We Match You:
Our experts will review your profile and match your business with banks that can offer the best rates.
3. Relax, While We Handle the Rest:
We take care of the loan approval process, so you can focus on what you do best—running your business.
MSME loan eligibility documents
| Personal KYC | A PAN card for identity verification. |
| Address Proof | Any valid proof of residence, such as a Rent Agreement, Driving License, or Aadhar Card. |
| Bank Statements | The last 6 months of current account bank statements for financial assessment. |
| Business KYC | GST certificate or establishment certificate |
| Financials | Audited ITR, GST, and financial statements for loans > 20 Lakhs. |
Elevate Your Business Today
With Deepshikha Finance’s MSME Loans, unlocking your business’s full potential has never been easier. Apply now and take the first step towards realizing your business dreams with the financial support you deserve.
Other Business loans
Business Loan
Unsecured Business Loan
Small Business Loan
Project Loan
Equipment Loan
Commercial Vehicle Loan
Frequently Asked Questions (FAQs)
What is an MSME Loan?
An MSME loan is a financial product designed to meet the needs of micro, small, and medium enterprises (MSMEs). It aims to provide necessary capital for business expansion, machinery purchase, working capital enhancement, and other business-related expenses.
Who can apply for an MSME Loan with Deepshikha Finance?
Any Indian business entity, including individual proprietors, private companies, and corporations engaged in trading, manufacturing, or services, can apply. The business should have been operational for at least one year and meet our other eligibility criteria.
What are the eligibility criteria for an MSME Loan?
Eligibility includes being between 21 and 65 years of age at the time of application, having at least five years of overall experience with three years in the current industry, operational business with minimum monthly sales of $200,000, and compliance with financial and tax regulations.
What documents are required to apply for an MSME Loan?
Required documents include personal KYC (ID and address proof), last six months’ current account bank statements, business KYC (GST registration or establishment certificate), and financial documents for loans exceeding Rs. 20 lakhs.
How long does it take to get an MSME Loan approved?
The approval time can vary based on the completeness of the application and documents submitted. However, Deepshikha Finance aims to process applications as swiftly as possible, with efforts to minimize the waiting period for applicants.