Business & MSME
MSME / MUDRA Loan
Government-backed loan under PMMY for micro & small enterprises.
- Interest rate
- 8.5% – 12% p.a.
- Loan amount
- Up to ₹20 lakh (Shishu/Kishore/Tarun/Tarun Plus)
- Tenure
- Up to 7 years
- Processing fee
- Nil – 0.5%
Indicative figures only. The final amount, interest rate and tenure are subject to lender eligibility, property valuation, cash flow and credit policy. Approval is decided by the lender.
Eligibility
- Non-corporate small business
- Udyam registration
- Indian citizen
Documents required
- KYC
- Business proof (Udyam/GST)
- 6 mo bank statement
- Quotation if equipment
Best for: First-time borrowers, micro units, no collateral up to ₹10L (CGTMSE).
Insider tip: Apply via Jan Samarth or PSB Loans in 59 Minutes portal for fastest in-principle approval.
Why apply through Moneymax Fingrow
- Founders with 19+ years of banking and NBFC experience; ₹1,048 Cr+ disbursed since 2017.
- 48+ banks & NBFCs compared in a single application.
- Doorstep document pick-up across Chennai, Bengaluru, Hyderabad and Mumbai.
- Transparent fees, lowest negotiated rates, end-to-end handholding till disbursal.
Free 2026 rate guide
MSME Loan Interest Rates 2026: 48+ Banks & NBFCs Compared
See which lender gives your business the cheapest money — from 8.5% p.a., approval in 48 hours.
Comparing facilities rather than one product? Our business loan and MSME funding guide sets out working capital finance, overdraft, cash credit, term loan and loan against property side by side.
Related Business & MSME
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ViewTerm Loan
Structured medium-to-long term funding for capex, expansion, machinery or business growth.
ViewBusiness Loan (Unsecured)
Collateral-free term loan for working capital, expansion or equipment.
View