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Business Term Loan

Youth are showing interest in business, but many people are not able to move forward in business due to lack of capital. In such a situation, taking a business loan is a good way. Unsecured business loan meets the needs of Small, Medium and Big Businessmen, which is very useful for borrowers to raise immediate capital and expand their business without pledging any property, a businessman running any kind of business can take advantage of it.

Business categories can be as follows:
Raw material industry, manufacturing and construction, service industry, information service, human service, dealer, wholesaler, retailer and any other.

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Acceptance Criteria

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Category Eligibility Applicable Business Types
Individual 1. Age between 21 to 60 years 2. Indian citizen with valid ID & address proof 3. Should be involved in any eligible economic activity for at least 6 months 4. Minimum turnover 1.5 Lakh per annum (relaxable for new businesses) - Freelancers - Home-based manufacturers - Local traders - Independent service providers (e.g., tutors, health workers)
Self-Employed (Proprietor/Professional) 1. Must be operating a business or profession under individual name or proprietorship 2. Business vintage of minimum 1 year (preferred) 3. Valid GST (if applicable), UDYAM/MSME registration 4. Annual turnover above ?2.5 Lakh - Local manufacturers (fabricators, construction vendors) - Retail store owners - IT freelancers & consultants - Small traders/wholesalers
Company / Firm (LLP, Pvt. Ltd., Partnership) 1. Registered business entity under Indian laws 2. Business existence of minimum 1 year (preferred) 3. PAN, GST, UDYAM/MSME Registration (as applicable) 4. Audited financials or bank statement proof of turnover above ?5 Lakh - Manufacturing units - IT/Service companies - Trading firms (retail/wholesale) - Educational institutions, health service firms - Startups, export/import firms
Loan Amount Offer
Maximum Amount upto : 2 Crore
Rate of Interest(%)
Minimum ROI Start From : 12.49 % P.A.
Maximum ROI : 18.50 % P.A.
Tenure
Minimum Tenures : 12 Months
Maximum Tenure : 48 Months
Documents Required for Loan
Category Individual / Self-Employed Company / Firm (Pvt. Ltd. / LLP / Partnership / Public Ltd.)
Applicant KYC (ID Proof) PAN Card, Aadhaar Card PAN Card, Aadhaar Card, Voter ID of Directors/Partners
Address Proof Aadhaar / Voter ID / Driving License / Passport / Rent Agreement (any one) Aadhaar / Voter ID / Driving License / Passport / Rent Agreement (any one)
Photograph Recent Live Photo (Selfie) Live Photo of Directors / Partners
Income Proof - Last 2 Years ITR - GST Returns (GSTR-3B) - Last 2 Years ITR of Company - Company GST Returns
Bank Statement Last 12 Months Bank Statement (Savings or Current Account) Last 12 Months Bank Statement (Current Account)
Business Proof - GST Registration - Shop Act / Trade License - MSME / UDYAM Certificate - Other licenses (FSSAI etc.) - GST Registration - Trade License / Shop Act - MSME / UDYAM Certificate - Other required licenses (FSSAI, IEC etc.)
Co-Applicant KYC PAN, Aadhaar, Voter ID (if applicable) KYC of additional Directors / Partners (if applicable)
Company/Firm Documents Not Applicable - Company PAN Card - Certificate of Incorporation (CRC) - TAN Certificate - DIN (Director Identification Number) - Board Resolution (for Loan purpose) - Shareholding Pattern - Partnership Deed / LLP Agreement (if applicable)
Golden Features and Benifits
Feature Description
Improved Cash Flow Management Helps businesses cover short-term cash flow gaps and manage daily expenses efficiently.
Short-Term Financing Solution Ideal for meeting immediate operational needs, inventory purchases, or urgent expenses.
Business Expansion Support Provides capital to scale operations, open new outlets, or invest in equipment.
Flexible Usage Funds can be utilized for marketing, hiring staff, infrastructure upgrades, and more.
Credit Building Opportunity Timely repayments enhance business credit profile, aiding in future loan approvals.