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Avail a Business Loan up to Rs. 1 Crore if you are a new entrepreneur in need of capital to fund your working capital requirements.

Following entities can avail the business loan

  • Proprietorship
  • Partnerships
  • Closely Held Limited Companies
  • Private Limited Companies
  • Limited Liability Partnerships

To be eligible for a business loan, applicants must meet the following conditions:

  • No Minimum Turnover
  • Min 3 years experience in the current business
  • Min 3 years of business experience
  • Business should make profit for previous 2 years
  • Min Annual Income is Rs.1.5 Lacs
  • Min age of applicant is 21 years
  • Max age of applicant is 65 years at a time of loan maturity
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Documents required for Equipment Loan:

To apply for a Business Loan, we need the following documents:
  • KYC documents
  • Aadhar card, PAN card, Passport, Voter’s ID
  • Resident address proof
  • Business address proof
  • Business registration proof :- Partnership deed/ Certified copies of MOA / AOA
  • Last 6 months’ bank statement
  • Recent passport size photos of applicant or co- applicant
  • Last two years of income tax returns and audited financials.

Frequently Asked Questions

In most circumstances, no security or guarantee is required to obtain company loans, albeit a thorough examination of the documents is required to confirm this.

The applicant must be between the ages of 21 and 65. A minimum annual income (ITR) of Rs. 2 lakhs is required for the firm

The credit score range for business loans is generally 750.

Yes, all practising professionals are eligible for business loans.

You can apply for the business loan for any of the following purposes:
• Small business finance
• Home renovation
• Working Capital finance
• Child’s education, etc.
• Business expansion finance

Business credit is offered with swift approvals, and most banks provide candidates with the convenience of obtaining a business advance qualification in a matter of seconds. This office can be accessed through the internet or at any of the bank's locations.

No, is not needed to give any close-to-home data to work out your EMI. The EMI mini-computer requires the advance sum that means to apply, the residency of loan, and financing cost.

For start-up business loans, a borrower might choose to take out a loan without guaranteeing any assets.

Our partners from across the industry

Bank Name Rate of Interest Processing Fees Loan Amount Tenure Range
Bank of Baroda 8.15% - 9.50% NIL Rs. 10cr Max 1-30 Years
Bank of Baroda Maharashtra 8.35% - 9.50% NIL Rs. 10cr Max 1-30 Years
UCO Bank 8.05% - 9.10% NIL Rs. 5cr Max 1-30 Years
SBI Bank 8.5% - 9.30% NIL Rs. 10cr Max 1-30 Years
Andhra Bank 8.25% - 9.50% 0.35% + GST Rs. 8cr Max 1-30 Years
IDBI Bank 8.35% - 9.25% NIL Rs. 8cr Max 1-30 Years
HDFC Bank 8.15% - 9.90% 0.50% + GST Rs. 10cr Max 1-30 Years
ICICI Bank 9.00% - 10.50% 0.50% + GST Rs. 10cr Max 1-30 Years
Equitas Bank 10.50% - 12.50% 1% + GST Rs. 25 Max 1-20 Years
LIC HFL 8.90% - 9.25% Rs. 5900/- Rs. 10cr Max 1-25 Years
TATA Capital 8.10% - 9.15% Rs. 5900/- Rs.5cr Max 1-30 Years
Gruh Finance 8.35% - 11.00% 0.50% + GST Rs.2cr Max 1-30 Years
OC HFL 8.85% - 9.75% 3.50% + GST Rs.25lac Max 1-20 Years
BAJAJ Fineserv 9.20% - 12.50% 1.50% + GST Rs. 75lac Max 1-20 Years
ASPIRE Home Finance 12.50% - 14.50% 2.50% + GST Rs. 25lac Max 1-20 Years
Shubham Finance Company 12.50% - 16.50% 2.50% + GST Rs. 25lac Max 1-25 Years
Mahindra Home Finance 10.50% - 15.50% 3.50% + GST Rs. 25lac Max 1-25 Years
Aadhar housing finance 10.80% - 13.75% 3.50% + GST Rs. 25lac Max 1-25 Years
Financial Services Ltd 12.50% - 16.50% 3.50% + GST Rs. 20lac Max 1-20 Years
Shriram housing finance 10.50% - 12.50% 2.50% + GST Rs.5cr Max 1-30 Years
AXIS Bank 8.40% - 9.15% 1.50% + GST Rs.5cr Max 1-30 Years
C-NTRUM Home Loans 11.50% - 14.50 1% + GST Rs.40cr Max 1-20 Years
HindusInd Bank 8.70% - 9.15% 2.50% + GST Rs.2cr Max 1-30 Years
pnb Housing 8.85% - 11.75% 0.50% + GST Rs.5cr Max 1-30 Years
CanFin Homes 8.85% - 10.75% 1% + GST Rs.5cr Max 1-30 Years
EdelWeiss 8.70% - 9.95% 1.50% + GST Rs.1cr Max 1-25 Years
L&T Finance Home Loan 8.70% - 9.15% 2.50% + GST Rs.251cr Max 1-25 Years
RELIGARE 8.80% - 9.45% 2.50% + GST Rs.501cr Max 1-25 Years