5 NBFC Offering Fast & Paperless MSME Loans
5 NBFC Offering Fast & Paperless MSME Loans
- SAVE Group
SAVE (NBFC-MSME) offers tailored MSME loan solutions designed to support micro, small, and medium enterprises, especially in rural and semi-rural areas that have limited access to formal credit. Their financing portfolio includes secured loans such as Loan Against Property and Loan Against Plot, which help businesses raise working capital, buy equipment, consolidate debt, or manage emergencies by mortgaging property. They also provide unsecured Business Loans without collateral to assist with business expansion, inventory purchase, working capital, and other enterprise needs. With minimal documentation, transparent processes, and a focus on quick disbursement, SAVE aims to help small businesses grow and scale effectively.
Piramal Finance Limited is a well-established NBFC in India and a part of the larger Piramal Group with deep roots in financial services. Regulated by the Reserve Bank of India, Piramal Finance provides a wide range of credit products that go beyond consumer lending, including MSME loans, business loans, and loan against property (LAP) tailored for small and medium enterprises. The company focuses on structured financing solutions that blend rigorous credit assessment with fast delivery, helping businesses obtain working capital, expansion funds, and asset financing without long bank queues and heavy documentation. With a strong risk-management framework and extensive branch network, Piramal Finance supports enterprises in manufacturing, services, retail, and trade sectors — enabling them to grow operations, manage cash flow, and invest in new opportunities while balancing regulatory standards with borrower convenience.
SK Finance (formerly Ess Kay Fincorp) is one of India’s prominent non-banking financial companies with a long history dating back to the 1990s. Headquartered in Jaipur, Rajasthan, SK Finance offers business financing solutions focused on vehicle financing and lending to MSMEs across various regions. Known for its deep physical presence, especially in semi-urban and rural markets, SK Finance combines relationship-based credit assessment with relatively streamlined processes to support local entrepreneurs. Their loans help small enterprises manage working capital, invest in stock or equipment, or refinance existing credit — with faster turnaround times compared to traditional banks and with emphasis on understanding local business cash flows. This makes SK Finance an important credit source for small traders, transport businesses, and micro-enterprises that need flexible funding options but often face stringent requirements at conventional lenders.
4. Saarathi Finance
Saarathi Finance is a newly licensed NBFC dedicated to bridging the credit gap for micro, small, and medium enterprises in underserved areas of India. With a focus on physical presence, regional outreach, and personalised underwriting, Saarathi Finance delivers formal MSME lending through branch teams and relationship managers instead of fully digital online processes. Its approach emphasises face‑to‑face assessment, understanding grassroots business needs, and offering credit solutions that help local enterprises with working capital, stock financing, and business expansion — particularly in semi‑urban and rural markets that benefit from offline financial guidance.
5. IDFC Bharat (Grama Vidiyal)
Grama Vidiyal (part of IDFC Bharat Ltd) operates as a regulated NBFC focusing on community‑based lending, including micro and small business loans. With decades of on‑ground presence, this lender provides credit primarily through field officers, group meetings, and local branches, offering small enterprises and low‑income borrowers access to finance without relying solely on digital platforms. Their traditional microfinance model emphasises direct client interaction, coaching, and relationship‑driven credit support — ideal for MSMEs and rural entrepreneurs who prefer offline engagement and personalised services.
