MSME Loan - Business Financing for Small & Medium Enterprises
Running a small or medium-sized enterprise often means handling several financial needs at the same time. You may need funds to purchase stock, manage daily working capital, expand your premises, buy or construct a house, renovate an existing property or unlock the value of a property for business growth.
A Manappuram MSME loan brings these requirements together through a range of secured financing options. Depending on your purpose, you can choose a business loan MSME solution for working capital, a loan against property for larger funding needs, or housing-related finance for construction, purchase and renovation.
Manappuram also brings a distinct legacy to MSME financing. Its lending reputation has been shaped by decades of experience in gold-backed finance, creating a strong foundation of trust, asset-based lending expertise and customer-focused service.
What is an MSME Loan?
An MSME loan is financing designed for micro, small and medium enterprises. It may be used to manage working capital, support business development, expand operations or raise funds against an eligible asset.
At Manappuram, MSME financing is available through different secured products rather than a single, standard loan. This allows you to choose a product based on how the money will be used, the property available as collateral and the repayment period you require.
MSME Loan Schemes at Manappuram
| Business Loan | Loan Against Property | Housing Loan | Home Improvement Loan |
|---|---|---|---|
| For business development and working capital requirements, including inventory purchases, operational expenses and planned expansion. | For larger personal or business funding needs against an eligible residential or commercial property, except for speculative purposes. | For constructing a new house, receiving reimbursement for a newly constructed house or purchasing a residential property. | For renovating, modifying, extending, or upgrading a house you already own, a home improvement loan can be your best bet. |
Each MSME loan scheme has its own end-use conditions, tenure, loan-to-value limit and documentation requirements. Review the relevant product page before selecting a loan.
MSME Loan Interest Rate
The MSME loan interest rate varies according to the selected product, credit profile, property type, income, repayment capacity and Manappuram’s underwriting policies. The common loan range is ₹5 lakh to ₹50 lakh.
| Product | Interest Rate | Interest Rate | Maximum LTV |
|---|---|---|---|
| Housing Loan | 12% to 22.08% p.a. | 20 years | 80% |
| Home Improvement Loan | 12% to 22.08% p.a. | 20 years | 70% |
| Loan Against Property | 13% to 22.08% p.a. | 15 years | 70% |
| Business Loan | 13% to 22.08% p.a. | 10 years | 70% |
The final rate and eligible amount are determined after assessment.
MSME Loan Eligibility and Documents Required
Applicants should generally have a minimum bureau score of 560 and a minimum consolidated or clubbed monthly income of ₹25,000. Final approval is subject to property assessment, income evaluation, document verification and Manappuram’s credit policy.
Common documents include:
- KYC documents
- Recent bank statements
- Property documents
- Income documents, based on availability
Here are a few additional documents that you will need for each loan type:
- A Home Construction Loan also requires a construction estimate.
- A Home Purchase Loan requires the sale agreement between the seller and purchaser.
- Business Loan applicants must submit a valid MSME business licence.
How to Apply for an MSME Loan
- Choose the Right Loan: Select a Business Loan, Loan Against Property, Housing Loan or Home Improvement Loan according to your funding purpose.
- Check Eligibility: Review the bureau score, income, collateral and product-specific requirements.
- Submit an Application: The MSME loan apply online process begins by entering your basic contact and loan details on the website. You may also visit a nearby branch.
- Provide the Documents: Submit KYC, bank statements, property papers, income records and scheme-specific documents.
- Complete Verification: Manappuram will assess your application and communicate the eligible amount, interest rate and repayment terms.
Apply Online Today!
Or contact your nearest Manappuram branch to discuss the financing option that best matches your requirement.