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Business Loan at Finserv MARKETS

Business Loan is an unsecured loan, which provides you with financial assistance for your business requirements. Since it’s an unsecured loan, you need not pledge any collateral/security. Be it starting a new business or expanding the current operation of your existing businesses to a new location, Business Loan available on Finserv MARKETS will always help you fulfill your requirements. 

Our Lending Partners

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Requirement for Online Business Loan Application

There are certain requirements with respect to the online Business Loan application that you must fulfill in order to avail the loan. Here are the following:

Eligibility Criteria:

Following are the criteria that you must fulfill, to apply for a Business Loan:

  • You must be an Indian citizen and a self-employed individual.
  • You must be between 25-65 years of age.
  • You must have a business vintage of at least 3 years.

Documents Required:

  • Aadhaar Card/Passport/Driving License
  • PAN Card
  • Bank Statement - Last 3 months
  • Business Proof: Certificate of business existence, Income tax filings for the previous financial year, profit and loss statements for the past 3 years, etc.

How to Apply for Business Loan at Finserv MARKETS

It is very simple to apply for a Business Loan online at Finserv MARKETS. Following are the steps.


Step 1: 

Fill in your personal and professional details that includes your name, mobile number, date of birth, occupation type, current city.


Step 2: 

Choose your suitable loan amount and repayment tenure.


Step 3:

 

Get approval on your loan instantly and money in your account in just 24 hours.

Business Loan Verification process

The main steps involved in the Business Loan verification process are as follows:

Step 1:

Once you submit your application, the same will be processed for further actions.


Step 2:

Once your online application is completely processed, all you need to do is schedule a meeting, wherein our executive will verify the application details and collect your necessary documents, required for further processes.


Step 3:

Once the documents have been verified, your loan will be disbursed in just 24 hours.

Types of Business Loans

Start-up Business Loan

A Start-up Loan can help new aspiring entrepreneurs, start their business ventures or expand their current operations.

Business Loan for Women

With Business Loans for Women, women entrepreneurs can become financially independent and facilitate the growth of their enterprise.

Working Capital Loan

A Working Capital Loan can be availed to take company's everyday finances and operations, and manage the cash-flow. With the help of working capital loan, the enterprises can purchase raw materials, and inventory, take care of the overhead expenses like utility bills, rents etc.

MSME (Micro, Small, and Medium Enterprises) Business Loan

An MSME loan can be used for purchasing machinery or raw materials, upgrading the company’s infrastructure, etc.

Machinery Loan

Machinery loan can be used to purchase new machinery, repair or upgrade the existing ones, thus boosting the productivity of the business.

  • Partner Name
    Key Feature
    Key Feature Description
  • Fullerton India

    Eligibility Criteria

    1. The applicant must be in the current business for at least 3 years and have a total experience of 5 years.
    2. The applicant’s age must be between 22 and 65 years.
    3. He must be a self-employed individual.
  • Fullerton India

    Documents Required

    1. Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
    2. Identity Proof: PAN/Voter ID
    3. Address Proof: Aadhaar Card/Driving License/Passport
    4. Bank Statement of last 6 months
    5. Copies of IT returns of last 2 years
  • Fullerton India

    Disbursal Time

    24 hours

  • Bajaj Finance Limited

    Interest Rate

    12.99% p.a onwards

  • Bajaj Finance Limited

    Associated Charges

    Processing Fees: Up to 3.99% of the loan amount Foreclosure Charges: 4% of the outstanding loan amount + Applicable taxes

  • Bajaj Finance Limited

    Repayment tenure

    12-60 months

  • Bajaj Finance Limited

    Eligibility Criteria

    1. The applicant must have a business vintage of at least 3 years.
    2. The applicant must be the citizen of India The applicant’s age must be between 25 and 65 years.
    3. He must be a self-employed individual.
    4. The applicant must have a business vintage of at least 3 years.
  • Bajaj Finance Limited

    Documents Required

    1. Copies of IT returns of last 2 years
    2. Identity Proof: PAN/Voter ID
    3. Address Proof: Aadhaar Card/Driving License/Passport
    4. Bank Statement of last 6 months
  • Bajaj Finance Limited

    Disbursal Time

    24 hours

  • Fullerton India

    Interest Rate

    17% p.a onwards

  • Fullerton India

    Associated Charges

    Processing Fees: Up to 6.5% of the loan amount

    Foreclosure Charges: 0-7% of the outstanding loan amount

  • Fullerton India

    Repayment tenure

    12-60 months

Business Loan FAQs

For what purposes a Business Loan can be availed?

A Business Loan can be availed for purchasing raw materials, machinery, expanding your current operations, for working capital requirements etc.

Are there any Business Loans for women entrepreneurs?

Yes, most banks and NBFCs provide Business Loans specifically designed for women entrepreneurs.    

What is the maximum age of availing a Business Loan?

The maximum age of availing a Business Loan is usually 65 years.

Can I cancel a Business Loan after the loan amount is disbursed?

Though it usually depends on the policies of the banks/NBFCs, it usually not allowed to cancel the loan after disbursal.

Does GST (Goods and Service Tax) impact Business Loans?

Yes, GST has an impact on Business Loans. You must pay a certain portion as GST when you avail the loan.