• OVERVIEW

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

  • Bajaj Finance Limited
  • Lendingkart Finance Ltd.
  • Neo Growth.
  • PaySense Partners - PayU Finance (India) Pvt. Ltd
  • Prefr - Powered by Hero Fincorp
  • HDB Financial Services Ltd
  • KreditBee

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.

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.

Comparison


  • Partner Name
    Key Feature
    Key Feature Description
  • Bajaj Finance Limited

    Interest Rate

    Starting from 17%

  • Bajaj Finance Limited

    Associated Charges

    Processing Fees : upto 2.75% 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

  • 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

  • HDB Financial Services Ltd 

    Interest Rate

    16% to 24% p.a.

  • HDB Financial Services Ltd 

    Associated Charges

    Processing Fee :

    2% of the loan amount

  • HDB Financial Services Ltd 

    Repayment tenure

    12 months to 60 months

  • HDB Financial Services Ltd 

    Eligibility Criteria

    1. The applicant must be at least 21 years old at the time of application.
    2. The applicant must not be above 60 years at the time of loan maturity (65 years for Government Employees) (Terms and Conditions Apply)
    3. The applicant must be a salaried individual with a minimum net monthly salary of Rs. 20,000, if living in a Tier 1 City and Rs. 15,000, if living in any other city.
    4. The applicant must have a work experience of at least 1 year, with a minimum 1-month salary credit in the current organisation.
  • HDB Financial Services Ltd 

    Basic Documents Required

    1. Proof of Identity & Address Proof: Passport/Voters ID/Driving License/PAN Card/Aadhaar
    2. Date of Birth Proof: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth
    3. Bank Statements: Latest statements / Bank passbook (updated within 90 days)
    4. Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter
  • HDB Financial Services Ltd 

    Disbursal Time

    2 working days

  • KreditBee
    Interest Rate
    15% to 28%
  • KreditBee
    Associated Charges
    NA
  • KreditBee
    Repayment Tenure
    Up to 9 months
  • KreditBee
    Eligibility Criteria
    1. The applicant must be a citizen of India.
    2. The applicant must be above 21 years.
    3. The minimum salary of the applicant must be Rs. 10,000 per month.
    4. Aadhaar Card of the applicant must be linked to his/her mobile number.
  • KreditBee
    Basic Documents Required
    1. ID proof: PAN Card
    2. Income proof: Bank statement/Salary slip
    3. Address proof: Aadhaar card, Driving license, Voter ID, Passport, Bank passbook
    4. Proof of Employment
  • KreditBee
    Disbursal Time
    15 mins
Contact

020-66399444 ( Mon to Sat - 10 am to 6 pm )

Address

4th Floor, B2 Building, Cerebrum IT Park, Kumar City, Kalyani Nagar, Pune – 411014.