Business Loan
Get instant business loan up to ₹1 Cr without guarantor or collateral for your business requirements - expansion, working capital, or other expenses
Business Loan Overview & Features
What is a Business Loan?
A business loan is financing that offers money to companies to finance expenses such as working capital, equipment acquisition, business growth, or cash flow management. Lenders like banks, NBFCs, and financial institutions provide these loans with certain repayment conditions and interest rates.
Companies can opt for secured loans (collateral-based) or unsecured loans (no collateral) depending on their requirements and financial position.
Why Choose Our Business Loan?
- •Competitive Interest Rates: Low interest rates to meet your financial objectives
- •Fast Approval Process: Simple and rapid approval giving you access to funds when needed
- •Flexible Repayment: Easy and peaceful repayment alternatives
- •Dedicated Support: Focused customer support at every stage
Key Features
Fulfill Financial Needs
Acquire business loan at low interest rates without any collateral or security
Fast Disbursal
Obtain business loan in few hours with quick processing
Flexible Tenure
Repay your loan over period of 18-48 months
Financial Advisors
Assigned financial advisor makes the process more efficient
Stay Protected
Keep your savings intact by not using them for repayment with tax benefits
No Collateral
Unsecured loans available without risking your assets
Eligibility & Application Process
Eligibility Criteria
Applicant must be between 25 and 65 years old
Self-employed individuals, private limited companies, partnerships, and firms into manufacturing
Minimum revenue of ₹40 lakhs to be eligible for instant business loan
At least three years of experience in current industry and total of five years of business experience
Firm should have been profitable over the past two years
Business's Minimum Total Revenue should be at least ₹15 lakhs to qualify for fast business loan
Required Documents
Note: Documents should be valid and authorised
Simple 6-Step Application Process
Enroll with your mobile number to begin your business loan apply process
Enter your business loan details online
Share your business details to apply for a quick business loan
Receive a verification message for your business loan online approval
Our financial advisor will call you to assist you with the next step
Get your instant business loan credited quickly
Fees, Charges & Repayment Options
Business Loan Fees and Charges
| Fee Type | Charges |
|---|---|
| Loan Processing Fees | Between 0.5% to 4% of the loan for online business loan |
| Pre-Payment Charges | Floating Rate: NIL Fixed Rate: Usually around 2% - 5% on the principal amount |
| Stamp Duty Charges | Applicable as per actuals when you apply business loan online |
| Legal Fees | Applicable as per actuals when securing a quick business loan |
Repayment Options
EMI
On a certain date, borrower makes an installment payment to a lender. The EMI is fixed during the period of the loan. Most widely used business loan repayment form for regular and easy payments.
Foreclosure
Foreclosure involves repaying the entire outstanding amount of the business loan prior to the deadline. Instant business loan has a lock-in period during which you may not opt for foreclosing the outstanding amount.
Part Prepayment
Part-prepayment enables you to pay off your business loan in the form of multiple EMIs. This decreases the interest burden and outstanding principal. You can utilize them for part-prepayment to pay off your business loan amount sooner.
Bullet Payout
In a bullet repayment, the borrower makes only the interest monthly and pays off the whole business loan amount at the term's end. Suitable for businesses anticipating large future cash inflows.
Frequently Asked Questions
If your credit score is low, will your company financing be denied?
While a good credit score improves your chances, we evaluate multiple factors including business revenue, profitability, and cash flow. Contact our advisors to discuss your specific situation.
How can I increase my chances of getting a business loan?
Maintain good financial records, ensure profitability for at least 2 years, have a clear business plan, maintain a healthy credit score, and provide complete documentation.
How is the Business Loan EMI calculated?
EMI is calculated based on the loan amount, interest rate, and tenure. Use our EMI calculator to get an accurate estimate of your monthly payments.
How is the Business Loan processing fee calculated?
Processing fees typically range from 0.5% to 4% of the loan amount and are calculated based on the loan amount and lender policies.
How long will my business loan take to be processed?
With complete documentation, business loans can be processed and disbursed within 3-4 business days. The timeline may vary based on verification requirements.
Get Instant Business Loan Approval Today!
Fast approval process with competitive interest rates