SME Loan Eligibility
Before applying for an SME Loan, it’s important to understand the eligibility criteria to ensure a smooth and quick approval process. At Rohini Financial Services, we simplify the loan journey for small and medium enterprises by helping you meet all requirements efficiently.
✅ Basic Eligibility Criteria for SME Loan
1. Business Type
The following entities are eligible to apply for an SME Loan:
Proprietorships, Partnerships, LLPs, and Private Limited Companies
Small & Medium Enterprises (SMEs) registered under the MSME Act
Traders, Manufacturers, Service Providers, and Retailers
2. Business Vintage
The business should be operational for at least 1 to 3 years, depending on the loan amount and lender’s criteria.
3. Annual Turnover
A minimum annual turnover of ₹10 Lakhs to ₹1 Crore (varies by lender).
4. Credit Score
A CIBIL Score of 700 or above is generally preferred for quicker approvals and better interest rates.
5. Age of Applicant
The applicant should be between 21 and 65 years at the time of loan maturity.
6. Business Registration & Compliance
The enterprise should have valid business licenses, GST registration, and PAN.
7. Repayment Capacity
Lenders assess financial statements, cash flow, and profit margins to determine repayment ability.
📑 Documents Required for SME Loan
To apply for an SME Loan through Rohini Financial Services, you need the following documents:
Personal Documents
- PAN Card and Aadhaar Card of proprietor/partners/directors
- Address proof (utility bill, passport, voter ID, etc.)
- Business Documents
- Business registration certificate / GST registration
- PAN Card of business entity
- Udyam/MSME registration (if applicable)
- Last 2–3 years’ ITR and financial statements (Balance Sheet & P&L)
- Current year’s bank statements (6–12 months)
- Proof of business address
- Additional Documents (if applicable)
- Partnership Deed or MOA/AOA (for companies)
- Quotation/invoice for machinery or equipment (if loan is for purchase)