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Business Loan

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Business Loan
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Loan

Business Loan

Our business loan offerings cater to entrepreneurs and established enterprises seeking capital to fuel growth, manage working capital, purchase machinery, expand infrastructure, or explore new business opportunities. We recognize the unique needs of diverse business structures including proprietorship, partnerships, and private limited companies, and customize loan solutions accordingly. The loan approval process involves a detailed assessment of business financials, turnover, credit history, and repayment ability, ensuring responsible credit delivery. With competitive fixed interest rates and flexible tenures ranging from 1 to 20 years, our business loans provide the financial backbone necessary to drive operational excellence and sustainable growth. Additionally, minimal documentation and quick processing times make it easier for businesses to seize opportunities without delays.

Features
  • Loan can be utilized for capital needs, business expansion, buying machinery, raw materials, and other business purposes
  • Loan disbursal within 15 working days
  • Flexible repayment tenure from 1 year to 20 years
  • File Security Money of ₹3,860/- applicable, with ₹3,300/- refundable after closure
Eligibility & Documents Required
  • Business owners aged 21 to 65 years
  • Valid business registration documents
  • Documents required include business registration, income tax returns, bank statements for last 6 months, valid ID and address proof, PAN card
Interest Rate

Fixed interest rate of 6% per annul applicable on the loan amount Interest rates are fixed and non-negotiable.

Loan Tenure

Loan repayment tenure ranges from 1 year to 20 years, depending on loan amount and borrower’s preference.

Processing Responsibility

Any delay or interruption in the loan application or disbursal process arising from the customer’s or agent’s side will be beyond the company’s control and responsibility.

Frequently Asked Questions (FAQs)

  • Q1: Can startups apply for business loans?
    A: Yes, startups meeting eligibility criteria can apply.
  • Q2: Is collateral always required?
    A: Not necessarily; secured or unsecured options are available based on loan amount and business profile.