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Business Loan

A business loan is a financial tool that helps businesses secure funds for expansion, working capital, equipment purchases, inventory, and other operational needs. Whether you’re a startup or an established business, having access to the right financing can drive your company towards success.

Why Choose a Business Loan?

Get quick access to funds without long waiting periods, ensuring seamless financial assistance. Enjoy flexible repayment options with tenures that match your cash flow needs. Use the loan to boost business growth by investing in expansion, technology, and infrastructure. Maintain a steady cash flow, avoiding liquidity crunches and ensuring smooth operations. Unlike investors, lenders do not take a share of your business, allowing you to retain full control.

Types of Business Loans

Term Loans

Fixed loan for expansion and purchases.

Invoice Financing

Get funds against outstanding invoices.

Business Line of Credit

Revolving Credit – Withdraw as needed

Working Capital Loans

Short-term loans for operational expenses.

Equipment Financing

Loans for machinery, vehicles, equipment.

MSME Loans

Specialized loans for Micro, Small, and Medium Enterprises

Eligibility Criteria

  • 1Minimum business vintage of 1-2 years
  • 2Annual turnover requirements as per lender policies
  • 3Good credit score (CIBIL 700
  • 4Financial documents such as ITR, bank statements
  • 5Valid business registration documents

Documents Required

  • 1KYC Documents (Aadhar, PAN, passport, etc.)
  • 2 Business Proof (GST registration, trade license, etc.)
  • 3 Bank Statements (Last 6-12 months)
  • 4Income Tax Returns (ITR) (Last 2-3 years)
  • 5 Financial Statements – Balance sheet, P&L

How to Apply for a Business Loan?

  • Check Your Eligibility – Ensure you meet the lender’s criteria.
  • Choose the Right Loan Type – Based on your business needs.
  • Gather Required Documents – Prepare all necessary financial documents.
  • Apply Online or Offline – Submit your application through the lender’s website or visit a branch.
  • Loan Approval & Disbursement – Upon verification, funds are disbursed to your business account.

Frequently asked questions

Any registered business entity such as proprietorships, partnerships, LLPs, private limited companies, and MSMEs can apply for a business loan.

The loan amount varies from ₹50,000 to ₹5 Crore, depending on your business financials, creditworthiness, and lender policies.

 

Interest rates generally range from 10% to 24% per annum, based on your business profile, credit score, and lender terms.

 

Approval typically takes 24-72 hours, and funds are disbursed within 3-7 working days, depending on document verification and lender processes.

 

Not necessarily. Many lenders offer unsecured business loans, but secured loans may be available for higher amounts and better interest rates.

 

Yes, most lenders allow prepayment, though some may charge foreclosure fees. Check the terms before availing of the loan.