Reach Your Business Objectives with Our Easy Business Loan Solution!



Achieve your business objectives smoothly and finance fixed asset costs with fast and reliable business loans.


Business Loan Features

1

Maximize Your Business Loan Approval Chances

Before submitting a loan application, create a business strategy, check your credit rating, determine the required loan amount, research the market for available loan options, and organize the necessary documents.

2

Common Documents Required

Proof of address & photo ID of the business owners, business certification, income statements, partnership deed for partnership businesses, articles of association, memorandum of association, board resolution, PAN card, etc.

3

Eligibility Requirements for Business Loan Approval

Applicants must be between 21 and 65 years old, with a business operating for at least 1-2 years. A minimum business turnover and annual turnover as reported in the ITR are necessary. The business should have been profitable for at least the past year.

Advantages and Highlights of Our Business Loans


  • Long-term Business Loans

  • Operating Capital Loans

  • Growth Financing Loans

  • Equipment Purchase Loans

  • Invoice Factoring & Bill Discounting

  • Machinery Purchase Loans

Business Loan Eligibility and Documents

Read on to know the criteria required to apply for our Business Loan.

Qualification Requirements & Qualified Organizations


  • Business Type: Most lenders offer loans to different business structures, such as sole proprietorships, partnerships, LLCs, corporations, and more.
  • Credit Score: A good credit score is typically required to qualify for a business loan. Lenders assess your credit history to gauge your loan repayment capability.
  • Business Age: Some lenders require a minimum operational history for your business, typically ranging from several months to a year or more.
  • Annual Revenue: Lenders may set a minimum annual revenue requirement to ensure your business maintains a stable income.
  • Collateral: Secured loans may require assets like real estate, equipment, inventory, or other valuable items as collateral.
  • Cash Flow: Lenders often evaluate your business's cash flow to determine your ability to repay the loan.
  • Age Criteria: Applicants must be at least 21 years old at the time of applying for the loan and no older than 65 years at the loan maturity date.
  • Eligible Entities: Eligible entities include individuals, MSMEs, sole proprietorships, partnerships, public and private limited companies, LLPs, retailers, traders, manufacturers, and other non-farm income-generating businesses in the services, trading, and manufacturing sectors.
  • Business Vintage: Minimum operational duration of 1 year or more.
  • Business Experience: Minimum business experience of 1 year, with the business location remaining unchanged.
  • Annual Turnover: Annual turnover criteria are defined by the bank/NBFC.
  • Credit Score: Preferably 700 or higher, preferred by most private and public sector banks.
  • Nationality: Applicants must be Indian citizens.
  • Additional Criteria: Applicants must own either a residence, office, shop, or warehouse.

Documents required to apply for Business Loan

The list of documents required for a business loan to be submitted varies based on type of business entity. Submit the following documents to begin with the loan process:

  1. ITR documents for the previous 2-3 years
  2. Last 12 months' bank statements for the current account
  3. Copies of PAN Card
  4. Residence address proof such as Voter ID, Passport, Aadhar Card, or utility bills like Telephone or Electricity Bill
  5. Business address proof such as Telephone or Electricity Bill
  6. Provisional financial statements for the last financial year and projections for the upcoming year
  7. Company's business profile on official letterhead
  8. Photographs of 2 promoters or property owners
  9. Sanction letter and repayment schedule of any existing loans
  10. GST registration certificate and GST returns for the past 2 years
  11. D-VAT or Sales Tax registration copy
  12. Udhayam Aadhar registration certificate
  13. Rent agreement copies for both factory and residence (if the property is rented)
  14. Business continuity proof for 3 years (e.g., 3 years old ITR or Company registration documents)
  15. Company PAN Card, Certificate of Incorporation, Memorandum of Association (MOA), Articles of Association (AOA), List of Directors, and Shareholding pattern for Private Limited companies
  16. Partnership Deed and Company PAN Card for Partnership Companies

How to Utilize the Business Loan EMI Calculator

"Utilizing a business loan EMI (Equated Monthly Installment) calculator can provide an approximate figure for your monthly loan repayment."

Follow these steps to use a business loan EMI calculator effectively:

  1. Input your desired loan amount, interest rate, and tenure.
  2. Click on the Calculate button to compute your Equated Monthly Installment (EMI), total interest payable, and overall repayment amount.
  3. You can adjust the tenure if necessary to find a suitable repayment schedule.
  4. Factor in additional costs and fees to get a comprehensive view of your financial commitment.
  5. Assess the compatibility of the repayment plan with your budget constraints.
  6. Before making a final decision, ensure to confirm all terms and conditions with the lender.

Business Loan FAQs

What is a business loan?
A business loan is a financial product designed to provide funds to businesses for various purposes such as expansion, working capital, or equipment purchase.
What are the eligibility criteria for a business loan?
Eligibility criteria typically include factors such as the business's credit score, financial stability, years in operation, and revenue.
How can I apply for a business loan?
You can apply for a business loan by submitting an application to a bank or financial institution, providing necessary documentation and meeting eligibility requirements.
What documents are required for a business loan application?
Commonly required documents include business financial statements, income tax returns, business licenses, and identification proofs of business owners.
What are the interest rates for business loans?
Interest rates on business loans vary based on factors such as the lender, loan amount, tenure, and the business's creditworthiness.
What is the repayment schedule for business loans?
Repayment schedules can vary, but typically include monthly or quarterly payments over a fixed term (e.g., 1 to 5 years) depending on the loan agreement.
What are the collateral requirements for business loans?
Collateral requirements depend on the loan amount and risk assessment by the lender. Common types of collateral include property, equipment, or business assets.
Can I get a business loan with bad credit?
It may be challenging to secure a business loan with bad credit, but some lenders offer options such as secured loans or alternative financing solutions.
Are there any prepayment penalties on business loans?
Some business loans may have prepayment penalties if you pay off the loan before the agreed-upon term. It's important to check your loan agreement for details.
How long does it take to get approval for a business loan?
Approval times for business loans vary by lender and complexity of the application. It can range from a few days to several weeks depending on the circumstances.