Business Loan
A Business Loan is a financial tool designed to help entrepreneurs and business owners manage cash flow, expand operations, purchase equipment, hire staff, or invest in marketing and infrastructure. It is available to small, medium, and large enterprises across various sectors.
Key Features
- Loan amount from ₹50,000 up to ₹2 crores or more
- Unsecured and secured loan options available
- Flexible repayment tenures ranging from 1 to 7 years
- Funds can be used for working capital, inventory, payroll, or expansion
- Quick approval and disbursal for eligible businesses
Eligibility Criteria
- Indian business owners aged 21–65 years
- Minimum business vintage of 1–3 years (varies by lender)
- Stable business revenue and financial statements
- Good credit score (650+ preferred)
Required Documents
- KYC documents of business owner and firm
- Business registration/license documents
- Bank statements (last 6–12 months)
- Income tax returns and financial reports
- GST returns or turnover proof (if applicable)
Benefits
- Helps meet short-term and long-term business needs
- No equity dilution or loss of ownership
- Faster processing with digital documentation
- Customizable loan solutions based on business type
Top Lenders for Business Loans
Business loans are offered by SBI, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and NBFCs like Bajaj Finserv and Lendingkart.
Important Notes
- Compare interest rates, processing fees, and prepayment options
- Ensure all compliance and tax filings are up to date
- Maintain a healthy credit score and repayment track record