Cholamandalam MSME Business Finance
Primary Lending Institution:Cholamandalam Investment & Finance Co.
₹5 Lakh to ₹5 Crore MSME credit at 9.75% – 14.00% with Up to 7 years tenure.
Requires immovable property or machinery as collateral.
What is Cholamandalam MSME Business Finance?
Asset-backed and turnover-based lending by Murugappa Group's financial services arm across Tier 2 and Tier 3 India.
Key Benefits & Features
Deep regional underwriting expertise; customized loans for light engineering, transport, and trading units.
CGTMSE / Bank Guarantee / Normal Security
Enterprise Eligibility Criteria
SME entrepreneurs with clear business operations.
How to Apply (3 Verified Paths)
Apply online via business net banking or approach loan account manager.
Apply online at https://www.cholamandalam.com/sme-loans with digital KYC and financial statements.
Visit nearest MSME branch of the institution with business registration and bank statements.
Documents Required Checklist
Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.
Frequently Asked Questions
What is the maximum loan tenure and amount for Cholamandalam MSME Business Finance?
Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.
What are the processing charges and collateral terms for Cholamandalam MSME Business Finance?
The processing fee is 1.25% + GST. Collateral terms: Requires immovable property or machinery as collateral.
What are the eligibility criteria for Cholamandalam MSME Business Finance?
SME entrepreneurs with clear business operations. Minimum business vintage required is 2 year(s).
How can an applicant apply for Cholamandalam MSME Business Finance?
Apply online at https://www.cholamandalam.com/sme-loans or visit nearest branch with KYC, Udyam registration, and bank statements.