BUSINESS LOANS

BUSINESS LOANS Call on 9049061895

Features and Benefits of Our Business Loans

Flexible Loan Amounts

 Loans ranging from ₹1 lakh to ₹5 crore (or more based on eligibility).

 Customised solutions for small businesses, MSMEs, and large enterprises.

Quick and Hassle-Free Processing

 Simple application process.

 Minimal documentation.

 Fast approval and disbursal — often within 48-72 hours.

Competitive Interest Rates

 Attractive and reasonable interest rates based on business profile and

creditworthiness.

 Transparent pricing with no hidden charges.

Unsecured Loan Options

 No collateral required for unsecured loans.

 Ideal for businesses without significant assets or new startups.

Flexible Repayment Tenure

 Repayment periods from 12 to 60 months.

 Structured EMI options tailored to your cash flow.

Use for Multiple Purposes

 Working capital management.

 Business expansion.

 Equipment or inventory purchase.

 Marketing, staff, or technology upgrade.

Customized Loan Solutions

 Loans tailored for manufacturers, traders, service providers, startups, etc.

 Industry-specific funding solutions.

Prepayment Facility

 Option to prepay the loan without heavy penalties (as per terms).

Dedicated Support

 Personalized assistance through every step.

 Loan advisors to guide documentation and eligibility.

1. Term Loans

Purpose: Long-term funding for business growth or capital investments.

Features & Benefits:

 Lump sum disbursal for fixed purposes like infrastructure, o􀆯ice setup, etc.

 Flexible repayment tenure up to 5 years or more

 Competitive interest rates

 Secured or unsecured options available

2. Working Capital Loans

Purpose: To manage day-to-day operational expenses.

Features & Benefits:

 Ensures smooth cash flow

 Short-term loan with flexible tenure

 Fast processing and minimal paperwork

 Helps cover salary, rent, utility bills, and inventory

3. Business Expansion Loans

Purpose: Funding to scale operations or enter new markets.

Features & Benefits:

 Ideal for opening new branches or adding product lines

 Tailored to meet specific expansion needs

 Option for large loan amounts

 Enhances business competitiveness and growth

4. Equipment Financing Loans

Purpose: Purchase or lease of business equipment or tools.

Features & Benefits:

 Loan covers up to 100% of equipment cost

 Preserves working capital

 Structured repayments aligned with asset life

 Equipment acts as collateral (in most cases)

5. Invoice Financing & Bill Discounting

Purpose: To raise funds against unpaid invoices.

Features & Benefits:

 Instant liquidity to tackle delays in payments

 Improves cash flow without waiting for invoice maturity

 Short-term and revolving facility

 No need to pledge other assets

6. Machinery Loans

Purpose: Financing for purchasing or upgrading business machinery.

Features & Benefits:

 Funding available for new or used machinery

 Helps increase productivity and automation

 Long-term tenure with structured EMIs

 Tax benefits on machinery depreciation

Other Common Types of Business Loans

1. Professional Loans

Loans designed specifically for self-employed professionals like doctors,

lawyers, architects, chartered accountants, and consultants.

Key Benefits:

 No collateral required (in most cases)

 Can be used for setting up or expanding practice

 Competitive interest rates

 Quick approval with minimal documentation

2. Personal Loans for Business

Unsecured loans availed in an individual’s name but used for business purposes,

especially helpful for new or small business owners.

Key Benefits:

 No business vintage or collateral required

 Quick disbursal and flexible usage

 Ideal for small capital needs or urgent expenses

 Based on personal creditworthiness

3. Government-Sponsored Loans (CGTMSE / MSME Schemes)

Loans under government initiatives for micro, small, and medium enterprises

(MSMEs), such as CGTMSE, Mudra, PMEGP, and Stand-Up India.

Key Benefits:

 Collateral-free loans with government guarantee

 Subsidised interest rates

 Encourages new and small entrepreneurs

 Suitable for manufacturing, trading, and service sectors

4. Merchant Cash Advance

Advance funds are provided based on future credit/debit card sales or monthly

digital transactions.

Key Benefits:

 Repayment through a fixed percentage of daily card sales

 No fixed EMIs

 Fast access to working capital

 No need for collateral

5. Line of Credit / Overdraft (OD)

A revolving credit facility where a business can withdraw funds up to a

sanctioned limit anytime, paying interest only on the amount used.

Key Benefits:

 Flexible usage and repayment

 Ideal for short-term or seasonal needs

 Reusable credit without reapplying

 Interest charged only on utilized amount

6. Secured Business Loans

Loans backed by assets such as property, equipment, or inventory to reduce

lender risk.

Key Benefits:

 Higher loan amounts

 Lower interest rates

 Longer repayment tenures

 Suitable for large capital requirements

7. Unsecured Business Loans

Collateral-free loans based on business performance, turnover, and credit

history.

Key Benefits:

 No need to pledge assets

 Quick processing and minimal documentation

 Ideal for SMEs and growing businesses

 Flexible end-use of funds

Eligibility Criteria for Business Loans

To qualify for a business loan, applicants must meet the following key criteria:

􊼡 Age Criteria

 Minimum Age: 21 years at the time of loan application

 Maximum Age: 65 years at the time of loan maturity

􊼡 Nationality

 Applicant must be a citizen of India

􊼡 Business Type

Most lenders provide loans to a wide range of business structures, including:

 Sole Proprietorships

 Partnership Firms

 Limited Liability Partnerships (LLPs)

 Private Limited Companies

 Public Limited Companies

 MSMEs

 Retailers, Traders, Manufacturers

 Other non-farm income-generating businesses (in services, trading, and

manufacturing sectors)

􊼡 Business Vintage

 Business must have a minimum operational history of 1 year

􊼡 Business Experience

 Minimum 1 year of business experience

 Business location should remain the same during this period

􊼡 Annual Turnover

 Must meet the minimum turnover requirement as defined by the lender

(Bank/NBFC)

􊼡 Credit Score

 Preferred score: 700 or above (as per most public and private sector lenders)

􊼡 Annual Revenue / Cash Flow

 Lenders assess annual revenue and consistent cash flow to ensure repayment

capacity

􊼡 Collateral (for Secured Loans)

 May include real estate, inventory, equipment, or other valuable assets

􊼡 Property Ownership

 The applicant must own a residence, o􀆯ice, shop, or godown

Documentation for Business Loans

The documents required to apply for a business loan may vary based on the type

of business entity (Proprietorship, Partnership, Pvt. Ltd., etc.). Below is a general

list of documents typically required to initiate the loan process.

General Documents (Applicable to All Business Types)

 ITR (Income Tax Returns) for the past 2–3 years

 Bank Statement (Current Account) for the last 12 months

 Photocopy of PAN Card (of individual or business)

 Residential Address Proof

(e.g., Voter ID, Passport, Aadhaar Card, Telephone Bill, Electricity Bill)

 Business Address Proof

(e.g., Telephone Bill or Electricity Bill of business premises)

 Provisional Financials of the last financial year

 Projected Financials for the next year

 Company’s Business Profile on o􀆯icial letterhead

 2 Passport-size Photographs of promoters and property owners

 Sanction Letter & Repayment Schedule of any existing loans

 GST Registration Certificate and GST Returns (last 2 years)

 D-VAT/Sales Tax Registration Certificate

 Udyam Aadhaar Registration Certificate

 Rent Agreement of factory and residence (if rented)

 Proof of Business Continuity (e.g., 3-year-old ITR, shop act, registration, etc.)

Documents Based on Business Entity

􊼡 Private Limited Company

 Company PAN Card

 Certificate of Incorporation

 MOA & AOA (Memorandum and Articles of Association)

 List of Directors

 Shareholding Pattern

􊼡 Partnership Firm

 Partnership Deed

 PAN Card of the Firm

Fees and Charges for Business Loans

Please note: Actual charges may vary based on the lender, loan amount, loan

type (secured/unsecured), and applicant profile. Always refer to the lender’s

official documentation or sanction letter for final charges.

􈄥􍿁 1. Processing Fee

 Typically 1% – 3% of the loan amount (plus GST)

 Charged upfront or deducted from disbursal

 Non-refundable

􈄥􍿁 2. Prepayment / Foreclosure Charges

 0% – 5% of the outstanding principal (varies by lender and loan tenure)

 May not apply if paid after a specific period (e.g., 6 months – 1 year)

 Some lenders allow prepayment without charges for floating-rate loans

(conditions apply)

􈄥􍿁 3. Late Payment / Penal Interest

 Additional 2% – 4% per month on overdue EMIs

 Charged on delayed payments beyond due date

4. Documentation / Legal Charges

 May range from ₹1,000 – ₹10,000 depending on case complexity

 Covers agreement drafting, stamping, and legal verification of documents

5. Loan Cancellation Charges

 ₹1,000 – ₹5,000 or as per lender policy

 Processing fee may be non-refundable even if the loan is canceled

6. EMI Bounce / Cheque Dishonour Charges

 ₹300 – ₹750 per bounce (plus applicable taxes)

7. Stamp Duty

 As per state laws; applicable on loan agreement and security documents

8. Annual Maintenance Charges (for OD/Line of Credit only)

 0.25% – 1% of sanctioned limit annually (if applicable)

9. Conversion / Rescheduling Charges

 Charges for changing EMI date, loan tenure, or type of interest (fixed to floating,

etc.)

 Typically, ₹1,000 – ₹2,500

10. Credit Report Charges (if applicable)

 ₹100 – ₹500, if the lender retrieves additional bureau reports during underwriting