Top NBFCs in India for Quick SME Loans: NBFCs play an important role in the developments of MSMEs in the country as they fulfill the financial needs of the SMEs quickly. Some of the NBFCs also provide free digital workshop for their customers to educate and guide them on business related topics.
In India, the NBFCs in 2025 will emerge as a market leader in sanctioning loans to SMEs through fast and hassle-free procedures. This ensures speedy sanction and disbursal of loans with high-tech technology and simplification in processes enabling SME to invest in their business and use the funds without any delay.
What is NBFC?
Technically, they are banks but with a less formal framework as compared to traditional banks. Some of their products are loans, credit facilities,insurance, etc. but unlike conventional banks, they do not have permission to accept deposits from the public and they do not hold a full banking license.
One of the biggest reasons for NBFCs is their role in bridging the demand and supply gap of credit, particularly for small and medium enterprises and those who are not eligible for conventional bank loans. With the current development of digital technology, access to NBFC terms regarding quick loan approvals as well as disbursement of such loans also become relatively easier through online platforms. This is one of the best options for short-term funding solutions for SMEs.
Some of the Best NBFCs in India in 2025
Currently, many NBFCs are some of the best SME loan providers in India for 2025. They are coming forward with competitive services regarding their digital-first approach and interest rates along with customer-centric services. Here are some of the best:
1. Kinara Capital
This is one of the RBI-registered NBFCs that offer various kinds of MSME loans ranging from ₹1 lakh to ₹30 lakhs, all of which are collateral-free, and the business loans are disbursed within 24-hours since their business loan application comes with an end-to-end digital process with their myKinara App. Kinara MSME loan also provide automatic upfront discounts to women entrepreneurs to encourage them to run the business successfully.
2. Bajaj Finserv
They are giving loans ranging from ₹1 lakh to ₹30 lakhs. Business loans are being disbursed within 24-48 hours. Bajaj Finserv is going to provide loans specifically to SMEs at a competitive interest rate with minimal paperwork. A strong focus on customer service and technology has been the reason to prefer the services of companies for immediate financial backup. Anyone who wants to expand their business can apply for a business loan through their mobile app. So far, they have supported many MSME business owners.
3. Tata Capital
Another best NBFC in India is Tata Capital, which offers loans to SMEs at a fast pace. It has developed a great digital platform to provide ready-to-deploy financial solutions and offers loan approval quickly. Tata Capital is transparent about its processes and flexible on repayment, hence a bankable partner for SMEs in 2025. Loan offerings will cater to diverse industries so that businesses can get access to credit needed to grow.
4. Aye Finance
They do loans for business, ranging between ₹1 lakh and ₹10 lakh both secured and unsecured loans with minimal documentation and minimal credit score required for approval for loan, and the disbursement is easy by as they use technology and AI to fasten such procedures that enable easy access to the funds.
5. Cholamandalam Investment and Finance Company Limited
They offer secured business loans in the range of ₹10 lakh to ₹5 crores. The process for a loan is made quick and transparent and has complete flexibility in repayments that suit the requirements of the MSMEs in India.
Conclusion
Now, NBFCs form the backbone of financial support provided to SMEs in India as a whole with their digital-first approach towards customer-centric services offered in the form of fast, hassle-free loans to businesses. Some of these NBFCs like Kinara Capital, Bajaj Finserv, Tata Capital, Lendingkart, and Cholamandalam Investment and Finance Company Limited are always available to support the financial needs of MSMEs in India in future as well. Kinara capital loan stands out with their hervikas program which empowers women entrepreneurs.
Several NBFCs have become a one stop financial solution for the MSME business owners and even the customer are happy about the services what they provide, which brings trust in them that they can apply for an additional business loan in the same financial institutions.
