₹5L – ₹2Cr12% – 22%*
Business Loan
Business Loan is a loan specifically intended for business purposes. It involves repayment with interest and can be used for working capital, inventory, supplies, furniture, fixtures, machinery, or equipment. It cannot be used to pay existing debts or purchase real estate.
EMI ESTIMATE • LIVE
₹54,653/mo
Adjust the sliders to estimate your monthly EMI for Business.
Principal ₹20,00,000Total Interest ₹6,23,342
Total payable ₹26,23,342 · No CIBIL impact · Takes 90 seconds
TRUSTED BY INDIA'S LEADING BANKS & NBFCS
BUSINESS LOAN
Eligibility Criteria.
Who can apply?
- ✓Any Indian nationality, Self-employed or self-employed business professional
- ✓Age between 21 to 60 Years
- ✓Running business for 3 years, Rs.50 Lakh turnover with Rs. 2 Lakh net profit
- ✓Three years of Income Tax returns for the business/owner
Type of Business Loan
- ✓Secured Business Loan: collateral is given to the BANK/NBFC
- ✓Unsecured Business Loan: collateral is not required
Business Loan Categories
- ✓Overdrafts (OD) – allows withdrawals beyond available balance
- ✓Term Loans – repaid in regular payments over 1–15 years
- ✓Bill Discounting – financing from invoices for working capital
- ✓Letter of Credit (LOC) – bank guarantees payment to seller
- ✓Bank Guarantee (BG) – ensures liabilities of debtor will be met
DOCUMENTS
Business Loan Documents.
Personal & Financial Documents
- ✓Passport size photograph of borrower and co-borrower
- ✓Proof of identity and residence: Aadhar, Voter ID, PAN, Passport
- ✓Cheque covering processing fees
- ✓Educational certificates
- ✓IT Returns for last 3 years
- ✓Previous 3 years' balance sheets and Profit & Loss statements
- ✓Bank statements of last 6 months
- ✓Business profile / existence proof
Property Documents (for secured loans)
- ✓Latest Sale Deed with previous link documents
- ✓Building sanction plan and proceedings
- ✓Latest property tax receipts
- ✓Encumbrance Certificate
With loanfina.com
With loanfina.com, you can calculate loan eligibility, EMI, compare offers, and apply online.
Apply Now →EMI ESTIMATE • LIVE
₹54,653/mo
Adjust the sliders to estimate your monthly EMI for Business.
Principal ₹20,00,000Total Interest ₹6,23,342
Total payable ₹26,23,342 · No CIBIL impact · Takes 90 seconds