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What is a Business Loan
A Business Loan is an unsecured loan (in most cases) designed to meet the financial needs of businesses—working capital, business expansion, inventory purchase, equipment financing, or operational expenses. Unlike personal loans, business loans consider your business turnover, profitability, and vintage alongside personal credit scores.
Business Loan Products & Services
Choose the right business loan solution designed for your growth.
A Business Loan is an unsecured loan designed to support business needs such as working capital, expansion, equipment purchase, inventory, or operational expenses. Lenders evaluate business turnover, profitability, vintage, and credit score to determine eligibility.
✓ Key Benefits
Loan Amount
₹50,000 to ₹75 Crores (varies by lender)
Interest Rates
7.25% to 42% per annum
Repayment Tenure
12 months to 10 years
Processing Time
3–7 days (NBFCs) | 15–20 days (Banks)
Collateral
Usually unsecured for loans up to ₹50 Lakhs
📋 Eligibility Criteria
Age of Business
PSU Banks: 3+ yrs | Private Banks: 2+ yrs | NBFCs: 1+ yr | Fintech: 6+ months
Annual Turnover
₹40L+ (PSU) | ₹10–25L (Private) | ₹5–10L (NBFC) | ₹2–5L (Fintech)
Credit Score (CIBIL)
Banks: 700+ | NBFC: 650+ | Fintech: 600+
Proprietor / Partner Age
21–65 years
Profitability
Banks: Profitable for last 1–2 years | NBFC/Fintech: Not mandatory
ITR Filing Requirement
Banks: 2–3 years | NBFC: 1–2 years | Fintech: GST-only accepted
Bank Statement Requirement
Banks: Last 12 months | NBFC: 6–12 months | Fintech: 3–6 months
📄 Required Documents
Business Registration Certificate
GST Registration Certificate
MSME/Udyog Aadhaar (if applicable)
Business PAN Card
Trade License / Shop Act License
Current Account Statements (Last 6–12 months)
Business Address Proof
❓ Frequently Asked Questions
What is a Business Loan?
A Business Loan is an unsecured loan designed to support working capital, expansion, inventory purchase, equipment funding, or operational needs.
Who can apply for a Business Loan?
Self-employed individuals, business owners, traders, manufacturers, and professionals with stable income can apply.
What is the minimum income required for a Business Loan?
Most lenders require an annual income of ₹2–3 Lakhs for self-employed applicants depending on ITR and business stability.
What documents are required for a Business Loan?
Basic KYC documents, business proof, bank statements, ITR, and financial documents are commonly required.
What credit score is needed for a Business Loan?
A credit score of 750+ increases approval chances and helps secure better interest rates.
Ready to Get Started?
Apply now and get instant approval. Our team will guide you through every step of the process.
