| Loan Upto 1 Cr | Tenure Upto 60 Months | Minimum Documentation |
Every business, irrespective of its size and nature, requires funding from time to time. A business loan is an unsecured credit that can help you meet your growing business’ urgent financial requirements. You can apply for a business loan to usher in the funds required to expand your existing business, boost its production, take your business online, procure inventory, buy equipment, and much more.
A business loan provides quick and hassle-free funding to support your company’s growth. Whether you need capital to expand operations, purchase equipment, manage cash flow, or invest in new technology, our instant business loans offer flexible solutions.
| Loan Amount | Loan Tenure | Self-Employed Non-Professional Interest rate starting @ | Self-Employed Doctors Interest rate starting | Self-Employed Professional Other than Doctors Interest rate starting |
| ₹ 5 Lakhs to ₹ 1 Cr | 12 to 60 months | 14% – 26% | 12% – 19% | 12 % – 17.5 % |
Eligibility Criteria
- Your age should be at least 21 years at the time of applying for the business loan and not more than 65 years at the time of the last EMI
- Your credit score should be at least 675 or more
- Business should be profitable
- Minimum 2 years business stability
- Banking balance should be at least Rs. 5000
Business Loan Documents Required
You only need to submit a handful of documents to apply for a business loan online. These include-
- KYC Documents–ID proof and address proof of the borrower (PAN Card, Voter ID Card, Passport, or Driving License)
- Proof of business (Business Registration Certificate, GST Registration Certificate, Trade License, or a certified copy of the Partnership Deed Agreement or Sole Proprietorship Declaration)
- Last two years’ Income Tax Returns and Computation of income
- Audited financial with Tax audit report of the last two years
- Profit and Loss Statement or balance sheet (duly audited by a CA) of the last two years
- Current bank account statements for last six months
- GST statements for the last six months
