Business Loan

General Information

Providers
  • Private Banks
  • NBFC's
TAT (Turn Around Time)
  • Quick Approvals within 72 hours
  • Disbursal time is as low as 3 Days
  • One point contact response with in 30 Min.
Eligibility
  • All Self Employed Customers
  • Turnover more then 1 Cr
  • Age >28
Features & Benefits
  • Interest rates starts at 14.99%
  • Maximum loan amount upto 50 Lakhs
  • Maximum Tenure upto 4 Years
  • Best Professing Fee
  • Part Payment Option
  • Pre Closure Option

Filter By Bank

HDFC Bank

Rate of Interest

Starts @ 14.99% upto 20%

Processing Fee

2.50%

Loan Amount

3 Lakhs - 50 Lakhs

Tenure

1 year - 4 Years

Disbursal Time

Maximum of 5 working days

Part Payment

Yes

4.0 Rating | 12 Reviews

VIEW DETAILS

Response Time : 24 Hours

DOCUMENTS

  • One colour passport size photo
  • Pan card copy
  • Aadhaar card copy
  • Own property proof
  • Present residence & office address proof
  • Business account canceled cheque
  • Latest 3 years IT returns (full set)
  • Latest 6 months updated bank statement
  • Company registration & VAT certificate

FEES & CHARGES

  • Processing fee on approved loan amount
  • Agreement & stamp charges
  • Gap interest - Based on disbursement date if applicable
  • Insurance on loan (you & your personal loan is secured)

BENEFITS

  • Best in class interest rates
  • Least processing fee
  • Door step service
  • Suggestion on suitable product
  • No collateral / Guarantor required
  • Flexibility to choose the tenure
  • Minimum paperwork

ADDITIONAL INFO

Post Approval: Customer has to provide SECURITY CHEQUES & AGREEMENT to be signed

HDFC Bank

Rate of Interest

14.50% - 15.50%

Processing Fee

Starts @ 1.5%

Loan Amount

3 Lakhs - 35 Lakhs

Tenure

1 year - 3 Years

Disbursal Time

Maximum of 2 - 3 working days

Part Payment

Yes

4.0 Rating | 12 Reviews

VIEW DETAILS

Response Time : 24 Hours

DOCUMENTS

  • One colour passport size photo
  • Pan card copy
  • Aadhaar card copy
  • Qualification & registration certificate
  • Address proof
  • cancelled cheque
  • Income documents

FEES & CHARGES

  • Processing fee on approved loan amount
  • Agreement & stamp charges
  • Gap Interest - Based on disbursement date if applicable
  • Insurance on loan (You & your personal loan is secured)

BENEFITS

  • Best in class interest rates
  • Least processing fee
  • Door step service
  • Suggestion on suitable product
  • No collateral / Guarantor required
  • Flexibility to choose the tenure
  • Minimum paperwork

ADDITIONAL INFO

Post Approval: Customer has to provide security cheques & agreement to be signed. Income Documents for salaried Customers: 3 Months latest Pay Slips, 6 Months latest and updated Bank Statement & Appointment Letter / Date of Joining proof. Income Documents for Self Employed Customers: 3 Years IT Returns, 6 Months latest and updated Bank Statement & Clinic Establishment Proof.

HDFC Bank

Rate of Interest

15% - 18%

Processing Fee

Starts @ 2%

Loan Amount

3 Lakhs - 35 Lakhs

Tenure

1 year - 3 Years

Disbursal Time

Maximum of 3-5 working days

Part Payment

No

4.0 Rating | 12 Reviews

VIEW DETAILS

Response Time : 24 Hours

DOCUMENTS

  • One colour passport size photo
  • Pan card copy
  • Aadhaar card copy
  • Qualification & registration certificate
  • Address proof
  • cancelled cheque
  • Income documents

FEES & CHARGES

  • Processing fee on approved loan amount
  • Agreement & stamp charges
  • Gap Interest - Based on disbursement date if applicable
  • Insurance on loan (You & your personal loan is secured)

BENEFITS

  • Best in class interest rates
  • Least processing fee
  • Door step service
  • Suggestion on suitable product
  • No collateral / Guarantor required
  • Flexibility to choose the tenure
  • Minimum paperwork

ADDITIONAL INFO

Post Approval: Customer has to provide security cheques & agreement to be signed. Income Documents for salaried Customers: 3 Months latest Pay Slips, 6 Months latest and updated Bank Statement & Appointment Letter / Date of Joining proof. Income Documents for Self Employed Customers: 3 Years IT Returns, 6 Months latest and updated Bank Statement & Clinic Establishment Proof.

FAQs

What is Business loan?

Business Loan is a unsecured loan where no guarantor or collateral required.

What purpose I can get Business Loan?

Businesses have a couple of choices with regard to the acquisiton of equipment, to Purchase Inventory and To Increase Working Capital.

How can I get Business Loan?

You can avail Business Loan from BANK or Non – Banking financial institution (NBFC)

What is an EMI?

EMI means Equated Monthly Installment which includes (PRINCIPLE AMOUNT + INTERNEST AMOUNT)

I am eligible to apply Business loan?

Yes if you are self employed and with good business turnover or with loan repayment track you can apply with necessary documents.

How much amount I am eligible for?

Starting for 3 lakhs up to 50 lakhs loan amount what you can avail based on eligibility.

Can we apply jointly with my PARTNER for a Business loan?

Yes, PARTNER income also will be considered for eligibility. Jointly you will get more loan amount.

What are the documents required to get Business loan?

Documents are very simple – One passport size photo, ID Proof, Address Proof, Adhaar Card Copy, Company ID CARD Copy, Latest 3 years ITR, Latest 6 months updated bank statement & Business continuity proof required. Also can be availed through good loan repayment track.

Why Business loan interest rates are higher then home loan and mortgage loan?

Home loan & Mortgage loan is secured loan where all your original documents with being pledged or hypothecated where has a Business loan is unsecured loan no guarantor or collateral required. Hence Business loan interest rates are higher than the home loan and mortgage loan.

Do you require Guarantor required to get business loan?

No guarantor or collateral required to get a personal loan. But own house or property proof is required to get a Business loan.

How will I get Business loan amount after I apply?

Business loan approved amount will be transferred to your business account after deducting necessary service fee.

What all deduction will be made while availing Business loan?

Processing fee, Stamp and agreement charges, Insurance on loan & Gap interest if applicable.

Is Business loan Balance transfer is benefited to us?

Yes, if you would have taken at a higher rate of interest then transfer your other bank Business loan outstanding amount for fewer interest rates with some extra amount in hand.

In case I take Business loan, is there any Tax Benefit?

Yes, tax authorities allow tax benefits to companies who have avail Business loan.

What is the minimum Business loan amount I can get?

The minimum business loan amount is Rs. 300000/-

What is the maximum Business loan amount I can get?

The maximum business loan amount is 50 lakhs.

For how many years can I avail business loan?

Starting from 12 months maximum up to 36 months that is 3 years you can avail a business loan.

How many days you may require to business loan in hand?

In 5 – 9 working days we can get you Business loan amount in hand subject to submitting the required documents.

How can I repay back Business loan?

Repay your Business loan EMI through STANDARD INSTRUCTION or through ECS – Electronic Clearing Services by authorizing concerned bank.

Can I close my Business loan in between?

Yes but it depends upon lock in period instructions from concerned BANK / NBFC.