Business Loan Guide
Everything you need to know about business loans - from eligibility to application
What is a Business Loan?
A business loan is a credit facility offered to self-employed individuals, professionals, private companies, partnership firms, MSMEs, etc. for financing their working capital requirements, capital expenditure requirements and other business-related activities. It can be secured or unsecured, depending on the lender's requirements. With flexible terms, they help businesses manage cash flow and growth smoothly.
Why Get a Business Loan?
Expand Your Business
Manage Working Capital
Purchase Equipment
Increase Inventory
MSME Classification
For priority sector loans, your business is classified as a Micro, Small, or Medium Enterprise based on your Udyam Registration Certificate. This classification depends on your investment in plant & machinery and your annual turnover.
Micro Enterprise
Small Enterprise
Medium Enterprise
* As per Ministry of MSME, Government of India notification
Our Products
Instant MSME Loan
UP TO
₹50 Lakhs
48 months • starts at 11% p.a.
Instant Business Loan
UP TO
₹50 Lakhs
48 months • starts at 11% p.a.
Loan Against Property
UP TO
₹1 Crore
60 months • starts at 11% p.a.
for businesses*
How to Apply?
Personal Details
Share your basic information including name, contact details, and PAN card
Business Details
Tell us about your business, GST registration, and years in business
Verify Income
Upload bank statements and GST returns to verify your income
Get Offers
Receive instant loan offers tailored to your business needs
Eligibility Criteria
MSME Loan
- Age: 21 years at application, 65 at maturity
- Minimum Years in Business: 1 year
- Credit Score: 650 or above
- Registered MSME with valid Udyam Registration
Business Loan
- Age: 21 years at application, 65 at maturity
- Minimum Years in Business: 1 year
- Credit Score: 650 or above
- Eligible Entities: Businesses and Individuals
Loan Against Property
- Age: 21 years at application, 65 at maturity
- Minimum Years in Business: 1 year
- Property ownership with clear title
- Stable income source for repayment
Documents Required
- PAN Card
- Aadhaar Card
- Business Registration Proof (GST, Shop Act, etc.)
- Income/Turnover Proof (Bank Statements & GST Returns for last 12 months)
5 Things to Know
Interest Rate
- Business loan interest rates vary across lenders
- Check rates from various lenders before applying
- Opt for the lowest interest rate to reduce credit cost
Turnaround Time
- Know the approval and disbursal time for your loan
- Faster disbursal lenders are usually preferred
- Time depends on loan type and collateral
Credit Score
- Score of 700+ increases approval chances significantly
- Higher scores may get you lower interest rates
- Low scores can lead to rejection or higher costs
Processing Charges
- Processing fees vary based on your profile
- Try to negotiate for the lowest processing fee
- Check for any hidden charges or penalties
Collateral
- Many lenders offer loans against collateral/security
- Can include property, stocks, or business assets
- Collateral-backed loans may have lower interest rates
Understanding APR vs Interest Rate
Why APR is higher:
APR includes the 12% interest rate PLUS the 2% processing fee, giving you the true annual cost of your loan.
💡 Always compare APR, not just interest rates, when choosing loans!
Key Fact Statement (KFS)
The KFS is the most important document provided by the lender before you accept a loan. It summarizes all costs.
Annual Percentage Rate (APR)
This is the total cost of the loan, including interest and all fees, expressed as a yearly percentage. Always compare APRs, not just interest rates.
All Fees Explained
The KFS must list every single fee, such as processing fees, documentation charges, and any prepayment penalties.
Your Data Rights
Purpose Limitation
Your data is collected with your explicit consent and used only for credit assessment.
Data Storage in India
All your data is stored on servers located within India, as mandated by the RBI.
Right to Be Forgotten
You have the right to revoke consent and request data deletion from our systems.