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Business LOAN

Scale your business with zero collateral.

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Loan upto

Up to ₹1 cr

Get Loan in

24 Hours

Starting Interest Rates from

9.97% per annum

Business loans are designed for self-employed individuals and enterprises to support growth, expansion, and working capital needs.
Banks and NBFCs classify applicants into two main categories, and loan terms vary significantly based on this classification.

Business Loan Categories

Check if you meet the basic requirements for quick approval and the best interest rates.

 

Self-Employed Professionals (SEP)

Interest Rate:

10.50% – 14.50% per annum

Loan Amount:

Up to ₹50 Lakhs – ₹1 Crore (often without collateral)

Tenure:

12 to 60 months

Primary Document:

Valid professional degree or practice certificate

Financials:

Bank statements or gross receipts may be sufficient for smaller loans (below ₹15 Lakhs)

Self-Employed Non-Professionals (SENP) / SMEs

Interest Rate:

13.00% – 24.00% per annum

Loan Amount:

Typically 15% – 30% of annual turnover

Tenure:

Up to 60 months

Primary Document:

GST Registration & ITR

Financials:

Audited Balance Sheet & P&L mandatory for loans above ₹50 Lakhs

Minimal Documentation Required

KYC Documents

PAN Card, Aadhaar Card, Passport-size photo.

Business Proof

GST Registration, Udyam Aadhaar, Trade License.

Financial Docs

2 Yrs ITR, Audited Balance Sheet, 12 Month Bank Statement.

Address Proof

Office/shop electricity bill or registered Rent Agreement

Eligibility Criteria

Business Vintage:

Minimum 3 years
(Some NBFCs accept 1–2 years)

Annual Turnover:

Banks: ₹20 Lakhs
NBFCs: ₹15 Lakhs

Age:

21 to 65 years

CIBIL Score:

700+ preferred
(650–700 may still be approved at higher interest rates)

Profitability:

Business should show profit in the latest financial year

How to Apply for a Business Loan

Check
Eligibility

Verify income, CIBIL, and work history.

Upload
Documents

Submit digital copies of required proofs.

Verification
Details

Quick bank confirmation via email/phone.

Approve &
Disburse

Funds credited in 24 hours to 72 hours.

Ready for Funds?

Get your lowest-rate business loan quote today. 

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