+91 798-238-5736

We are here to help our customers at any time. If you have any queries, You can send an email: to / raised ticket...Click Here

Get Instant Business Loan

Get Quick and Easy Business Loan, Apply Now!

Get high Business Loan Eligibility

Ensure your business model is viable, project future revenues, outline expenses, and demonstrate how the loan will fuel growth.

Common Documents Required

Gather essential documents like bank statements, tax returns, credit history, and business plan to support your loan application effectively.

Criteria for Business Loan Approval

Applicants must meet age criteria (21-65 years), have a business history of 1-2 years, meet minimum turnover requirements, show profit for the past year, and provide necessary financial documentation.

Features and Benefits of our Business Loans

  • Term Loans
  • Working Capital Loans
  • Business Expansion Loans
  • Equipment Financing Loans
  • Invoice Financing & Bill Discounting
  • Machinery Loans

Eligibility Criteria & Eligible Entities

  • Business Type: Lenders cater to diverse business structures: sole proprietorships, partnerships, LLCs, corporations, etc.
  • Credit Score: Maintain a good credit score for loan eligibility. Lenders evaluate credit history to gauge repayment capacity.
  • Business Age: Certain lenders mandate a minimum operational tenure, typically a few months to a year, for business loan eligibility.
  • Annual Revenue: Lenders might stipulate a minimum annual revenue prerequisite to ensure your business maintains a stable income stream.
  • Collateral: Secured loans may necessitate collateral, such as real estate, equipment, inventory, or other valuable assets, to secure the loan.
  • Cash Flow: Lenders frequently assess your business's cash flow to gauge its capacity to repay the loan.
  • Age Criteria: Applicants must be at least 21 years old when applying for the loan and no older than 65 at loan maturity.
  • Eligible Entities: Eligible entities include individuals, MSMEs, Sole Proprietorships, Partnership Firms, Public and Private Limited Companies, Limited Liability Partnerships, retailers, traders, manufacturers, and other service, trading, and manufacturing businesses.
  • Business Vintage: Min. 1 year or above
  • Business experience: Min. 1 year, business location to remain same
  • Annual Turnover: Shall be defined by the Bank/NBFC
  • Credit Score: 700 or above (Preferred by most private and public sector banks)
  • Nationality: Indian citizens
  • Additional Criteria: Applicants must own either a residence, office, shop, or Godown.

Documentation for Business Loans

Submit the necessary documents based on your business entity:

  • ITR for the past 2-3 years
  • Current Bank Account Statement for the last 12 months
  • Photocopy of PAN Card
  • Address Proof for Residence such as Voter Card, Passport, Aadhar Card, Telephone Bill, Electricity Bill
  • Address proof for Business such as the Telephone Bill or Electricity Bill
  • Last Financial Year's provisional Financials and future year's projections.
  • Company's business profile on the letterhead
  • 2 photographs of promoters and property owners.
  • Sanction letter and Repayment schedule of existing loan
  • GST registration certificate and GST returns of latest 2 years.
  • D-Vat/Sale tax registration copy
  • Udhayam Aadhar registration certificate
  • Rent agreement copy of factory and residence (if property is rented)
  • Business Continuity proof of 3 years (3 years old ITR/Company registration etc)
  • Company PAN Card, Certificate of Incorporation, MOA, AOA, List of Directors, and Shareholding pattern for Pvt Ltd companies
  • Partnership Deed, Company pan Card for Partnership Companies
  • Business loan fees vary: interest rates, processing fees, prepayment penalties, late payment fees, and taxes. Consult your lender for specific details.

    Loan Processing Fees4999/- to 5% of Loan Amount
    Loan CancellationUsually 3000 to 5% of Loan Amount
    Stamp Duty Charges150/- to 300/-
    Legal FeesAs per actuals
    EMI / Cheque BonusApprox 499/- to 599/-
  • Additional fees for business loans may include documentation, verification, duplicate statement, NOC certificate, and swap charges. Always verify with your lender.