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MSME/SME Loan for New Business

Welcome to our website dedicated to providing MSME loans in the Indian states of Kerala and Tamil Nadu. We are one of the best MSME loan providers in the country, offering easy and hassle-free loan solutions to small and medium enterprises.

Places we provide car loan in Kerala :

  • Thiruvananthapuram
  • Kollam
  • Pathanamthitta
  • Kottayam
  • Alappuzha
  • Ernakulam
  • Thrissur
  • Palakkad
  • Malappuram
  • Kozhikode
  • Kannur
  • Kasaragod

Car loans we provide in other cities :

  • Chennai
  • Coimbatore
  • Selam
  • Thiruchi
  • Mangalore

MSME loan

MSME loans are crucial for the growth and expansion of small businesses. Our aim is to help entrepreneurs achieve their business goals by providing them with the financial support they need. With our flexible repayment options and competitive interest rates, we make sure that our loans are tailored to meet the specific needs of MSMEs.

At our company, we believe in providing transparent and fair loan solutions. Our team of experts is dedicated to ensuring that our clients receive the best MSME loan services in the market. With our deep understanding of the MSME sector, we are able to provide customized solutions that cater to the unique needs of our clients.

We understand that the process of obtaining an MSME loan can be a cumbersome and lengthy process. That is why we have made it our mission to simplify the process and make it as seamless as possible for our clients. Our online loan application process is straightforward and easy to follow, making it convenient for our clients to access loans whenever they need them.

MSME loan interest rate

Cochin Finance Service offers competitive interest rates on MSME loans in Kerala, designed to support the growth and development of micro, small, and medium enterprises (MSMEs). With attractive interest rates, flexible repayment options, and quick loan processing, Cochin Finance Service provides a reliable source of funding for MSMEs in Kerala.

Affordable MSME Loans with Cochin Finance Service: Cochin Finance Service provides MSME loans in Kerala at affordable interest rates, making it easier for small businesses to access the funds they need for expansion, working capital, or other business requirements. With transparent loan terms and personalized service, Cochin Finance Service aims to empower MSMEs with cost-effective financing options.

MSME Loan Advantage with Cochin Finance Service: Cochin Finance Service offers an advantage to MSMEs with its competitive interest rates on loans. With a focus on supporting the growth of MSMEs in Kerala, Cochin Finance Service provides loans at rates that are conducive to business success, along with efficient loan processing and flexible repayment options.

Boost Your Business with Cochin Finance Service’s MSME Loans: Cochin Finance Service understands the importance of MSMEs in driving economic growth, and offers MSME loans in Kerala at attractive interest rates. Their loan products are designed to meet the unique needs of MSMEs, with affordable interest rates that enable businesses to expand, invest in new opportunities, and thrive in today’s competitive business landscape.

  In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:

(a) Manufacturing Enterprises- The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951).The Manufacturing Enterprises are defined in terms of investment in Plant & Machinery.

(b) Service Enterprises: The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.

Loans will be available for :

Manufacturing Enterprises i.e. enterprises engaged in the manufacture or production, processing or preservations of goods with investment in Plant & Machinery. Cochin finance provide  provide best MSME loan in Kochi | Calicut | Kerala .

Service Enterprises i.e. Enterprises engaged in providing or rendering services and whose investment in equipment as specified above.

(Original cost excluding Land & Building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006). CfS provide best loan to MSME in Kerala  .

Loans for food and agro processing will be classified under Micro and Small Enterprises, provided the units satisfy investments criteria prescribed for Micro and Small Enterprises, as provided in MSMED Act, 2006.

MSME (Micro, Small, and Medium Enterprises) are businesses that are classified based on the size of their investment and number of employees. They play a crucial role in the economy by creating employment opportunities, promoting entrepreneurship, and contributing to the country’s GDP. Cochin Finance  provide best MSME loan in Kochi | Calicut Kerala .

Some of the common uses of MSMEs include:

  1. Manufacturing and production of goods: MSMEs are involved in the production of a wide range of products, including consumer goods, industrial goods, and services.
  2. Job creation: MSMEs create employment opportunities for a large number of people and help reduce unemployment.
  3. Promoting entrepreneurship: MSMEs encourage entrepreneurship and provide a platform for people to start and grow their own businesses.
  4. Boosting economic growth: MSMEs contribute significantly to the country’s GDP and help drive economic growth.
  5. Improving trade balance: MSMEs help reduce the trade deficit by increasing exports and reducing imports.
  6. Supporting the supply chain: MSMEs support larger companies by supplying raw materials, components, and finished products.
  7. Encouraging innovation: MSMEs are often more flexible and adaptable than larger businesses and are more likely to adopt new technologies and innovative ideas.

MSME loan

The loans and advances offered for MSME Units can be used for the basic needs of

  • Acquisition of factory, land and construction of building spaces.
  • Purchase of plant and machinery including lab equipment, testing equipment, etc.
  • Meeting working capital requirements, like raw materials, stock-in-progress, finished goods and for purchase or discounting of bills.
  • Temporary additional assistance for meeting the urgent needs of raw material.
  • Additional monitory assistance for any eligible purpose.

Features of MSME/SME Loans

All loans are not created equal, MSME/SME Loans has become a great option for people to use.

Faster Loan

Cochin Financial Services helps you to get the loan faster than any other consultants! Starting from document prepartion, our main motto is to get you the money!

Choose amount

All charges are communicated up front in writing along with the loan quotation, and let us know how much money you want and we set strategy accordingly.

Enjoy the best rates

Our loan rates and charges are very attractive. We always get you loan for the best interest rates in the market. Its upto us to get you a hassle free loan.

Decide your tenure

As our loan rates and charges are very attractive, we help the clients to workout on tenure which never become a burden for them. We works for you.


Loan Eligibility

Applicants running a business for at least 3 years are eligible to apply for an SME/MSME Loan. They must also be within the age bracket of 25 to 55 years and have their business’ IT returns filed for at least the past 1 year.

  • MSMEs with a turnover of more than Rs 30 lakh to upto Rs 3 crore. Banks may have different internal definitions of MSMEs
  • Business Vintage of minimum of three years
  • Banks seek stocks of raw materials, work-in-progress and finished goods as collateral for cash credit loans


Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.


How will your bank decide your MSME loan eligibility?

Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc.

The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income. Cochin Finance  provide best MSME loan in Kochi | Calicut Kerala .

What is an EMI?

You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.

How does tenure affect cost of MSME loan?

The longer the tenure of the loan, the lesser will be your monthly EMI outflow. Shorter tenures mean greater EMI burden, but your loan is repaid faster. If you have a short-term cash flow mismatch, your bank may increase the tenure of the loan, and your EMI burden comes down. But longer tenures mean payment of larger interest towards the loan and make it more expensive.

Can you repay your MSME loan ahead of schedule? Is pre-payment of loan allowed?

Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding.

Prepayment penalty may vary according to the reasons and source of funds – if you obtain a loan from another bank for pre-payment the charges are usually higher than when you pay from your own sources. However, you may credit more than your EMI amount into your loan account on a periodic basis and bring down your interest burden as and when funds are available with you.

Most banks do not charge a pre-payment penalty if you deposit more than your EMI payable on a periodic basis. Please check such stipulations while availing the loan. cfc is the Top No1business loan in Kerala | Kochi | 2023

Get a Quote

Now apply for a Loan online, All you need to do is provide your details below application form.