Apply in just 5 minutes
Now a days, it is not difficult to apply for a loan in 5 minutes. Since money lending and loan applications started online, applying for instant loans became easy
Get approved within 72 hours
The path to achieving your life goals may be often hindered by financial hurdles. Now with 72 hours Loans you can avail instant offers for a range of uses
Get loans up to Rs. 50 lakhs
Avail Business Loan of up to Rs.50 Lakh at attractive interest rates to meet personal urgencies that can crop up anytime in life.
Competitive interest rates
Interest for loans with similar terms charged by private lending institutions in the same area to borrowers of equivalent creditworthiness.
Business Loan Eligibility Criteria
The following factors are taken into consideration when a lender goes through your loan application. If you meet these criteria, you are eligible for a Business loan:
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Nationality | Indian Resident | Indian Resident |
| Age | 23 to 62 years | 25 to 70 years |
| Work Experience | 3 years | 5 years of vintage with the current enterprise |
| Minimum monthly income | Rs. 30,000 to Rs. 50,000 depending on the city of residence and age | Rs. 30,000 to Rs. 40,000 depending on the city of residence and age |
- •Self-employed professionals and self-employed non-professionals can apply for the loan
- •Self-employed professionals include chartered accountants, chartered accountants and company secretaries. Only those applicants who can show proof of their qualifications and are also practising their profession are eligible to apply.
- •Non-professional traders and manufacturers are examples of self-employed professionals.
- •These entities include partnerships, limited liability partnerships and private limited companies.
- •A minimum turnover of Rs.40 Lakh may be required for the business.
- •A minimum of three years of experience is required in your current business.
- •You must have at least five years' experience in the business.
- •For the past two years, the business should have made a profit.
- •A minimum annual income (ITR) is required to be Rs. 1.5 lakh per annum.
- •The applicants should be between 25 and 55 years old.
- •You should have filed the IT returns for the past year.
- •Lenders might only offer loans for businesses in certain areas.
Document required for a Business Loan
Keep the following documents on hand when filling the online application form
- •Duly filled application form along with passport size photograph
- •KYC documents of the applicant including PAN card, Passport, Aadhar Card, Driving License, Voter ID card, Utility Bills (Water/Electricity Bills)
- •Last 1 years' bank statement
- •Copy of Non-Collateral Overdraft, if any
- •Copy of Business Incorporation
- •Any other document required by the lender
HOW TO APPLY
STEP 1
Click on APPLY NOW
STEP 2
Enter your mobile no. and click on 'I have read & agreed to the terms and conditions'.
STEP 3
Click on VERIFY
STEP 4
Please enter OTP sent to your mobile no. and click NEXT
STEP 5
Please enter First Name, Last Name, Email Address, City and click on CONTINUE
STEP 6
Facility to check your Loan status on the go