Looking for financial assistance to fund your Business?

Get instant access to finances under our Colending Model and fund your Business. Avail MSME loan and get up to 2.5L for as long and 36 months at affordable interest rates!



LoanTap and Bank of Maharashtra have entered into an agreement under a Co-lending Model (CLM) to provide financial assistance to small-medium scale businesses and self-employed segments like Kirana stores.

Under our co-lending model, business owners can avail business loans to expand their business, upgrade machinery, invest in inventory or maintain liquidity for daily operations.

This Co-Lending model ensures easy access to funds backed by robust technology and paperless processes.

LoanTap with Bank of Maharashtra are financing following scheme under Co-Lending Model

Particulars Details
Product Name TL - LoanTap MSME
Loan Amount Min – 0.50 lakh & Max- 2.50 lakh
Loan Tenure Min – 12 Months & Max – 36 Months
Repayment Mode Equated Monthly Instalments (EMI)

Why take Business loan under our Co-lending model?

Instant approval and disbursal

Easy online process for loan sanction and fast disbursal within 24-36 hours

Flexible Re-payment

Flexibility in prepayments, part payments and foreclosure after 6 months of disbursal

Minimum documents

We collect only what is basic minimum for all our personal loan products

Transparent Processes

No hidden charges, No pre-payment charges. Minimum documentation & secured processes


Eligibility Criteria for MSME Loan


Indian Citizens/Residents who are 22 years & above


Individuals must have filled the latest ITR

Flexible Instalment Options

Final instalment options for a loan will be decided based on your profile and inputs

Term Loan

Repayment done via Fixed Equated Monthly Instalments, where EMI = Principal + Interest.
Each instalment reduces both interest and Principal amount.

Ideal when: You know the precise Loan Amount needed and your income is consistent

How we make loans happen in 24-36 hours

online application
Online Application

Apply online, upload basic documents or mail us

record your time
Record your time for representative visit

Download documents as per checklist, sign and handover to our representative.

verification sanction disbursal
KYC & Fund transfer

We check documents, verify them and activate instant disbursal online

Frequently Asked Questions

Yes, you can make higher payments towards your loan. No charges for higher payments or foreclosure are applicable post 6 months. Within 6 months you can make part payments or foreclosure-with minimal charges applicable.
Yes, you can pre-pay the loan facility post 6 months of disbursement. No foreclosure charges are applicable post 6 months of loan completion, however within 6 months you can prepay your loan with minimal charges.
Personal Loan is available in cities where LoanTap is operational. Currently we are providing our loans in Ahmedabad, Bengaluru, Bhopal, Chandigarh, Chennai, Coimbatore, Delhi NCR, Indore, Jaipur, Lucknow, Mumbai, Nagpur, Nashik, Pune, Raipur, Vadodara, Patna, Agra.
Any individual with a monthly income more than Rs 30,000 can apply online and check eligibility at You will need to fill in few basic information to know your basic eligibility instantly. Final loan amount is decided on the basis of your eligibility and credit checks.
An MSME Loan is a Business loan extended to small - medium businesses. LoanTap and Bank of Maharashtra have come together to make access to funds more convenient, affordable and easy for business owners. This loan can be used to expand your business, upgrade machinery, invest in inventory or maintain liquidity for daily operations.
We need below documents for processing your loan request
  • PAN
  • Address proof
  • GST registration / Shop Act License
  • 6 month’s bank statement
  • Latest 2 years ITR filed
However, we might request for other documents if need arises during credit checks.
We have a very quick and efficient underwriting system which ensures that we deliver to you on time. It usually takes from 24 hours to 36 working hours; provided all documentation and credit checks are in place.
We offer business loans from Rs 50,000 up to Rs 2,50,000. Final loan amount is decided on the basis of your eligibility and credit checks.
Processing fee for this loan is 2%+ applicable taxes; on the gross loan amount sanctioned.
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