Compare
Compare MSME banks — by product fit, not poster rate
Official program names, published ticket sizes, security and fees from each lender's product page — SBI SME Smart Score, HDFC GST OD, Axis Power OD, ICICI SuperBiz, Tata Capital BL, LIC HFL LAP and CGTMSE circulars. Not a live rate sheet. Sanction stays with the lender.
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Select up to 3 lenders. Amounts, security and fees below are from the lender's own product page or circular — not a VFC Rise quote.
| Lender | Official program | Published amount | Security | Rate basis | Compare |
|---|---|---|---|---|---|
 SBIBank | SME Smart ScoreCGTMSE (CGS-I) | Smart Score: above ₹10 lakh to ₹50 lakh. CGTMSE cover up to ₹10 crore per eligible MSE. | CGTMSE for eligible MSE; hybrid security allowed on the uncovered part. | EBLR-linked for MSME; 6-month MCLR-linked if classified non-MSME. | |
 ICICI BankBank | SuperBizCGTMSE WC / term | SuperBiz cash credit from ₹10 lakh; overall line up to ₹15–40 crore on cash flow + property of applicants/co-applicants. | Property of applicants/co-applicants for SuperBiz. CGTMSE for eligible MSE WC/term (no collateral on covered portion). | Bank EBLR / MCLR plus spread as per sanction letter. | |
 HDFC BankBank | GST OverdraftXpress GST OD (up to ₹50 lakh) | GST OD up to ₹1 crore (page also cites funding up to ₹10 crore on GST sales). Xpress GST OD up to ₹50 lakh. Dukandar OD up to ₹10 lakh. | GST OD / Xpress / Dukandar: collateral-free. Limit from GST returns, not stock statements. | Interest only on amount used. Bank floating rate on sanction. | |
 Axis BankBank | Power ODSME Plus (up to ₹10 crore) | Power OD up to ₹3 crore (turnover up to ₹100 crore). SME Plus up to ₹10 crore (turnover up to ₹75 crore). SBB GST WC up to ₹1.50 crore. SBB unsecured BL up to ₹50 lakh. | Power OD / SME Plus / MPower: residential, commercial, industrial property or FD. SBB GST WC assessed on GST, no P&L/B&S. | Interest only on utilisation for OD/CC. Axis floating rate on sanction. | |
 Bank of IndiaBank | Star MSME / CGTMSECash credit | CGTMSE cover for scheduled banks up to ₹10 crore per eligible MSE. Bank ticket after appraisal. | No collateral on CGTMSE-covered portion. Hybrid security allowed. RBI: no collateral mandated on MSE loans up to ₹10 lakh. | BOI EBLR / MCLR for MSME as notified. | |
 PNBBank | PNB MSME + CGTMSECash credit | CGTMSE scheme ceiling ₹10 crore. PNB: MSE loans up to ₹10 lakh must be CGTMSE-covered; ₹10–50 lakh CGTMSE needs circle concurrence; above ₹50 lakh ZM discretion. | No collateral on MSE ≤ ₹10 lakh (RBI). Above that, collateral or CGTMSE as per PNB circular. | PNB EBLR / MCLR for MSME. | |
 Canara BankBank | CGTMSE (Canara MSE)MSE cash credit | Canara CGTMSE page: cover up to ₹200 lakh (fund + non-fund) without or with partial collateral. | Collateral-free or hybrid. Waiver of CGTMSE above ₹10 lakh up to ₹200 lakh if land & building ≥ 75% of limit. | Canara EBLR / MCLR for MSME. | |
 Bank of BarodaBank | CGTMSE — collateral-free MSEBaroda MSME CC / TL | BoB CGTMSE page: collateral-free loans up to ₹5 crore; eligible scheme limit up to ₹10 crore (₹1,000 lakh). | CGTMSE cover 75–90% by category (women/Agniveer 90%; micro 85% up to ₹5 lakh). Hybrid security allowed. | BoB EBLR / MCLR for MSME. | |
 Kotak BankBank | GST-based loanDigi OD (up to ₹15 lakh) | Digi OD up to ₹15 lakh. GST / turnover programs up to ₹2 crore. Financials-based WC up to ₹10 crore. LAP ₹10 lakh to ₹5 crore. | Digi OD unsecured. GST/turnover programs on GST + banking and/or collateral. LAP on residential/commercial/industrial property. | Kotak floating rate. LAP processing up to 1%. | |
 Union BankBank | Union ProgressCGTMSE cover up to ₹2 crore | Union Progress maximum ₹2 crore. CGTMSE cover up to ₹200 lakh without collateral. | No collateral on loans up to ₹10 lakh. CGTMSE optional up to ₹2 crore. | Union Bank EBLR / MCLR for MSME. | |
 IDBI BankBank | IDBI MSME (CC / TL / CGTMSE)Cash credit | CGTMSE ceiling ₹10 crore for scheduled banks. IDBI ticket after GST, ITR and banking. | CGTMSE on eligible MSE; else stock/book-debts or property. | IDBI EBLR / MCLR for MSME. | |
 Bank of MaharashtraBank | Maha MSME / CGTMSEPMMY | CGTMSE up to ₹10 crore scheme ceiling. Bank sanction after appraisal. | CGTMSE or property. No collateral mandated on MSE ≤ ₹10 lakh. | BoM EBLR / MCLR. | |
 UCO BankBank | UCO MSME / CGTMSECash credit | CGTMSE scheme ceiling ₹10 crore. UCO ticket after papers reconcile. | CGTMSE or collateral as per UCO MSME policy. | UCO EBLR / MCLR. | |
 Indian Overseas BankBank | IOB MSME / CGTMSECash credit | CGTMSE scheme ceiling ₹10 crore. | CGTMSE or property / current assets. | IOB EBLR / MCLR. | |
 Indian BankBank | IB MSME (CC / CGTMSE)Cash credit | CGTMSE scheme ceiling ₹10 crore. | Classic CC on stock and book debts, or CGTMSE for eligible MSE. | Indian Bank EBLR / MCLR. | |
 Central BankBank | Cent MSME / CGTMSEPMMY | CGTMSE scheme ceiling ₹10 crore. | CGTMSE for collateral-light MSE; else property. | CBoI EBLR / MCLR. | |
 LIC HFLHFC | Loan Against PropertyLease rental discounting (where offered) | Published LAP ₹2 lakh to about ₹15 crore (aggregators; final cap is property value + policy). | Clear-title residential / commercial / industrial property. LTV typically up to ~70%. | Floating LAP, aggregator range about 9.50%–12% p.a. — not a quote. | |
 Tata CapitalNBFC | Unsecured business / MSME loanSME loan | ₹1 lakh to ₹90 lakh (Tata Capital business-loan page). | Unsecured — no collateral on this product. | Published from 12% p.a. (profile-based; MSME/startup page also lists from 14.5% p.a.). | |
 Bajaj HFLHFC | Loan Against PropertyDrop-line OD against property (where offered) | LAP typically ₹10 lakh to ₹5 crore+ on Bajaj Housing Finance property programs. | Residential or commercial property with clear title. | Floating HFC LAP rate on sanction (not a website quote). | |
| PNB HFLHFC | Loan Against PropertyBusiness end-use LAP | LAP typically ₹10 lakh to ₹5 crore on PNB Housing property programs. | Clear-title residential / commercial property. | Floating HFC rate on sanction. | |
 Federal BankBank | LAP ODMSME cash credit | LAP OD: above ₹10 lakh to ₹50 lakh. Broader Federal LAP listed up to ₹20 crore as TL or OD. | Property for LAP OD — no monthly stock statement. CC/GST WC on current assets or GST. | See Federal Bank rates & charges page; floating on sanction. | |
 Shinhan BankBank | SME working capital & tradeExport packing credit | Mid-to-large SME tickets; typically from about ₹25 lakh after full financials (foreign-bank SME desk). | Current assets, property and/or promoter support — not a mass CGTMSE product. | Shinhan India MCLR / EBLR plus spread. |
Sources: SBI SME Smart Score & CGTMSE pages; HDFC GST OD / Xpress GST / Dukandar; ICICI SuperBiz; Axis Power OD / SME Plus / SBB brochure; Kotak Digi OD, GST & turnover programs, LAP; Union Progress; BoB / Canara / PNB CGTMSE pages; Tata Capital business loan; LIC HFL LAP; Federal LAP OD. CGTMSE national ceiling for scheduled banks is ₹10 crore (CGS-I, Apr 2025). Sanction, rate and fee stay with the lender. Partner list · Discuss your file
Questions
Is this a live rate comparison?+–
No. Amounts and product names are taken from the lender’s published pages (for example HDFC GST OD up to ₹1 crore, Tata Capital BL up to ₹90 lakh, Axis Power OD up to ₹3 crore). The rate you get is only on the sanction letter.
Why would the desk send my file to more than one lender?+–
A GST OD, a CGTMSE ticket and a LAP are different files. We match the product and the papers — not a poster rate on one bank’s website.
Does listing a bank mean my file will go there?+–
No. Listing is the network. Routing depends on vintage, bureau, geography and the security you actually have.
Need EMI maths after you pick a product? Open the calculator. For filters lenders usually apply, see eligibility.
Apply for MSME loan in India
Quick apply without login, or sign in to upload KYC and track. Working capital, GST OD and LAP — VFC Rise maps the file; the bank sanctions.