Features and Benefits of Our Business Loans
Flexible Loan Amounts
Loans ranging from ₹1 lakh to ₹5 crore (or more based on eligibility).
Customised solutions for small businesses, MSMEs, and large enterprises.
Quick and Hassle-Free Processing
Simple application process.
Minimal documentation.
Fast approval and disbursal — often within 48-72 hours.
Competitive Interest Rates
Attractive and aAordable interest rates based on business profile and creditworthiness.
Transparent pricing with no hidden charges.
Unsecured Loan Options
No collateral required for unsecured loans.
Ideal for businesses without significant assets or new startups.
Flexible Repayment Tenure
Repayment periods from 12 to 60 months.
Structured EMI options tailored to your cash flow.
Use for Multiple Purposes
Working capital management.
Business expansion.
Equipment or inventory purchase.
Marketing, staAing, or technology upgrade.
Customised Loan Solutions
Loans tailored for manufacturers, traders, service providers, startups, etc.
Industry-specific funding solutions.
Prepayment Facility
Option to prepay the loan without heavy penalties (as per terms).
Dedicated Support
Personalised assistance through every step.
Loan advisors to guide documentation and eligibility.
- Term Loans
Purpose: Long-term funding for business growth or capital investments.
Features & Benefits:
Lump sum disbursal for fixed purposes like infrastructure, office setup, etc.
Flexible repayment tenure up to 5 years or more
Competitive interest rates
Secured or unsecured options available - Working Capital Loans
Purpose: To manage day-to-day operational expenses.
Features & Benefits:
Ensures smooth cash flow
Short-term loan with flexible tenure
Fast processing and minimal paperwork
Helps cover salary, rent, utility bills, and inventory - Business Expansion Loans
Purpose: Funding to scale operations or enter new markets.
Features & Benefits:
Ideal for opening new branches or adding product lines
Tailored to meet specific expansion needs
Option for large loan amounts
Enhances business competitiveness and growth - Equipment Financing Loans
Purpose: Purchase or lease of business equipment or tools.
Features & Benefits:
Loan covers up to 100% of equipment cost
Preserves working capital
Structured repayments aligned with asset life
Equipment acts as collateral (in most cases) - Invoice Financing & Bill Discounting
Purpose: To raise funds against unpaid invoices.
Features & Benefits:
Instant liquidity to tackle delays in payments
Improves cash flow without waiting for invoice maturity
Short-term and revolving facility
No need to pledge other assets - Machinery Loans
Purpose: Financing for purchasing or upgrading business machinery.
Features & Benefits:
Funding available for new or used machinery
Helps increase productivity and automation
Long-term tenure with structured EMIs
Tax benefits on machinery depreciation
Other Common Types of Business Loans - Professional Loans
Loans designed specifically for self-employed professionals like doctors,
lawyers, architects, chartered accountants, and consultants.
Key Benefits:
No collateral required (in most cases)
Can be used for setting up or expanding practice
Competitive interest rates
Quick approval with minimal documentation - Personal Loans for Business
Unsecured loans availed in an individual’s name but used for business purposes,
especially helpful for new or small business owners.
Key Benefits:
No business vintage or collateral required
Quick disbursal and flexible usage
Ideal for small capital needs or urgent expenses
Based on personal creditworthiness - Government-Sponsored Loans (CGTMSE / MSME Schemes)
Loans under government initiatives for micro, small, and medium enterprises
(MSMEs), such as CGTMSE, Mudra, PMEGP, and Stand-Up India.
Key Benefits:
Collateral-free loans with government guarantee
Subsidised interest rates
Encourages new and small entrepreneurs
Suitable for manufacturing, trading, and service sectors - Merchant Cash Advance
Advance funds are provided based on future credit/debit card sales or monthly
digital transactions.
Key Benefits:
Repayment through a fixed percentage of daily card sales
No fixed EMIs
Fast access to working capital
No need for collateral - Line of Credit / Overdraft (OD)
A revolving credit facility where a business can withdraw funds up to a
sanctioned limit anytime, paying interest only on the amount used.
Key Benefits:
Flexible usage and repayment
Ideal for short-term or seasonal needs
Reusable credit without reapplying
Interest charged only on utilized amount - Secured Business Loans
Loans backed by assets such as property, equipment, or inventory to reduce
lender risk.
Key Benefits:
Higher loan amounts
Lower interest rates
Longer repayment tenures
Suitable for large capital requirements - Unsecured Business Loans
Collateral-free loans based on business performance, turnover, and credit
history.
Key Benefits:
No need to pledge assets
Quick processing and minimal documentation
Ideal for SMEs and growing businesses
Flexible end-use of funds
Eligibility Criteria for Business Loans
To qualify for a business loan, applicants must meet the following key criteria:
Age Criteria
Minimum Age: 21 years at the time of loan application
Maximum Age: 65 years at the time of loan maturity
Nationality
Applicant must be a citizen of India
Business Type
Most lenders provide loans to a wide range of business structures, including:
Sole Proprietorships
Partnership Firms
Limited Liability Partnerships (LLPs)
Private Limited Companies
Public Limited Companies
MSMEs
Retailers, Traders, Manufacturers
Other non-farm income-generating businesses (in services, trading, and manufacturing sectors)
Business Vintage
Business must have a minimum operational history of 1 year
Business Experience
Minimum 1 year of business experience
Business location should remain the same during this period
Annual Turnover
Must meet the minimum turnover requirement as defined by the lender (Bank/NBFC)
Credit Score
Preferred score: 700 or above (as per most public and private sector lenders)
Annual Revenue / Cash Flow
Lenders assess annual revenue and consistent cash flow to ensure repayment capacity
Collateral (for Secured Loans)
May include real estate, inventory, equipment, or other valuable assets
Property Ownership
The applicant must own a residence, office, shop, or godown
Documentation for Business Loans
The documents required to apply for a business loan may vary based on the type
of business entity (Proprietorship, Partnership, Pvt. Ltd., etc.). Below is a general
list of documents typically required to initiate the loan process.
General Documents (Applicable to All Business Types)
ITR (Income Tax Returns) for the past 2–3 years
Bank Statement (Current Account) for the last 12 months
Photocopy of PAN Card (of individual or business)
Residential Address Proof (e.g., Voter ID, Passport, Aadhaar Card, Telephone Bill, Electricity Bill)
Business Address Proof (e.g., Telephone Bill or Electricity Bill of business premises)
Provisional Financials of the last financial year
Projected Financials for the next year
Company’s Business Profile on oAicial letterhead
2 Passport-size Photographs of promoters and property owners
Sanction Letter & Repayment Schedule of any existing loans
GST Registration Certificate and GST Returns (last 2 years)
D-VAT/Sales Tax Registration Certificate
Udyam Aadhaar Registration Certificate
Rent Agreement of factory and residence (if rented)
Proof of Business Continuity (e.g., 3-year-old ITR, shop act, registration, etc.)
Documents Based on Business Entity
Private Limited Company
Company PAN Card
Certificate of Incorporation
MOA & AOA (Memorandum and Articles of Association)
List of Directors
Shareholding Pattern
Partnership Firm
Partnership Deed
PAN Card of the Firm
Fees and Charges for Business Loans
Please note: Actual charges may vary based on the lender, loan amount, loan type (secured/unsecured), and applicant profile. Always refer to the lender’s official documentation or sanction letter for final charges. - Processing Fee
Typically 1% – 3% of the loan amount (plus GST)
Charged upfront or deducted from disbursal
Non-refundable - Prepayment / Foreclosure Charges
0% – 5% of the outstanding principal (varies by lender and loan tenure)
May not apply if paid after a specific period (e.g., 6 months – 1 year)
Some lenders allow prepayment without charges for floating-rate loans (conditions apply) - Late Payment / Penal Interest
Additional 2% – 4% per month on overdue EMIs
Charged on delayed payments beyond due date - Documentation / Legal Charges
May range from ₹1,000 – ₹10,000 depending on case complexity
Covers agreement drafting, stamping, and legal verification of documents - Loan Cancellation Charges
₹1,000 – ₹5,000 or as per lender policy
Processing fee may be non-refundable even if the loan is canceled - EMI Bounce / Cheque Dishonour Charges
₹300 – ₹750 per bounce (plus applicable taxes) - Stamp Duty
As per state laws; applicable on loan agreement and security documents - Annual Maintenance Charges (for OD/Line of Credit only)
0.25% – 1% of sanctioned limit annually (if applicable) - Conversion / Rescheduling Charges
Charges for changing EMI date, loan tenure, or type of interest (fixed to floating, etc.)
Typically ₹1,000 – ₹2,500 - Credit Report Charges (if applicable)
₹100 – ₹500, if the lender retrieves additional bureau reports during underwriting
