Business Loan Eligibility Criteria

Apply Personal Loan Online

Upto 40 Lacs* @ 10.99%* P.A

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

Please Enter Your Company Name

Please Enter Valid Company Name

Please Enter PAN Card No

Please Enter Valid PAN Detail

Proceed

Please Enter Your Name !

Please Enter Valid Name !

Name Must Contain Only Alphabets !

Please Enter Your Email Id

Please Enter Valid Email Id

Please Enter Your Mobile No.

Please Enter Valid Mobile No.

Invalid Mobile No.

Please Enter Your City Name

Please Enter Valid City Name

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You can take a business loan which is secured and also can take a business loan which is not secured. The financial institution gives loans as per your need. You can take a business loan for small business also for an established business. If you have matched all the eligibility criteria’s and you have all the documents you can get a business loan at any time.

Features of Business Loan

  • You can borrow a business loan from a minimum 1lakh to 1crore.
  • You only can use business loan money for your business related purpose only.
  • The repayment option is flexible for a business loan.
  • The repayment time of a business loan is from 6 months to 60 months.
  • There are so many options in business loan amount and tenure based on your company size for you to choose.
  • The interest rate is low for a business loan it starts from 13%
  • The documentation is minimum for business loan and if you apply online it is paperless too.
  • You can have co-applicant to get your home loan easily.

Business Loan Eligibility Criteria

  • Self-Employed Non-Professionals
  • Age limit- Minimum age limit for the business person will be 21 years and Maximum age limit is 65 years.
  • Applicant should have minimum 5 years of experience in the business.
  • Applicant must have minimum of 3 years of experience in the current business.
  • Business turnover should be a minimum of Rs. 40 lakhs.
  • The ITR report should be of a minimum of Rs. 1.5 lakhs per annum.
  • Last 2 year must experience profit to the business.
  • Following entities will be eligible for a business loan- Private Limited Companies, Partnerships, Limited liability partnership, closely held Limited Companies.

Self-Employed Professionals

The applicants are practicing professionals with proper qualification proof and under the categorization of CA, Doctor, architect etc.

Compulsory Testimonials for Business Loans

  • ID proof of the applicant- AADHAR card, PAN card, Voter ID card.
  • Residence proof- Utility Bills like Electricity bill, Gas bill.
  • PAN card of the company.
  • Bank Statement for the last 6 months.
  • An approved copy of the Partnership Deed.
  • Verified copy of Memorandum and Articles of Association.
  • Business continuation proof- Sales Tax Certificate, Trade License.
  • Copy of ITR file for last three years.
  • Balance Sheet, Computation of Income, Profit and Loss statement for the last 2 financial years.
  • Age limit- Minimum age limit for the business person will be 21 years and Maximum age limit is 65 years.

Self-Employed Professionals

The applicants are practicing professionals with proper qualification proof and under the categorization of CA, architect etc.

Bank/ NBFC Name Interest Rate Processing Fee
ICICI Bank 16.49% 0.99%-2.00%
Yes Bank 16.25% Up to 2.00% 
Indiabulls Bank 14.00% Up to 1.00%
Fullerton India 16.00% 2.00%
TATA Capital 18.00% 1.50%-2.50%
Yes Bank 16.25% Up to 2.00%
IDFC 16.00% Up to 2.00%
SBI Business Loan 11.20% 2.00%-3.00%
United Bank of India 13.00% 1.15%
PNB 12.65% 1.8%+ Tax

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

Proceed

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

Proceed
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Please Enter Your Company Name

Please Enter Valid Company Name

Please Enter Your City Name

Please Enter Valid City Name

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Please Enter PAN Card No

Please Enter Valid PAN Detail

Proceed
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Please Enter Your Name !

Please Enter Valid Name !

Name Must Contain Only Alphabets !

Please Enter Your Email Id

Please Enter Valid Email Id

Please Enter Your Mobile No.

Please Enter Valid Mobile No.

Invalid Mobile No.

Please Accept Terms of Use !

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