Bajaj Finance Limited

Interest Rate

9.75 to 30%

Bajaj Finance Limited

Associated Charges

Processing Fees : Up to 3.54% (Inclusive of applicable taxes) of the loan amount

Foreclosure Charges : Up to 4.72% Inc taxes.

Bajaj Finance Limited

Repayment tenure

12-96 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

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.

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

1. The applicant’s age must be between 21 and 65 years.
2. The annual turnover of the business must be at least Rs. 12 Lakhs.
3. Business vintage of at least 1 year is mandatory.

1. PAN card
2. Address proof: Rental agreement/Driver's license/Voter's ID/Ration card/Aadhaar Card/Passport
3. Current account bank statement of last 6 months
4. GST registration certificate/Shops and establishment certificate
5. Audited financials of last 2 years, ITR of last 2 years, GST Returns of past 6 months (if the loan amount is greater than Rs. 20 lakhs)

1. The applicant must be a resident of India.
2. The applicant must be between 23-60 years.
3. The applicant must have a minimal CIBIL Score of 700 or be a new-to-credit customer.

1. Selfie
2. PAN Card
3. Address proof – Aadhaar/Passport/Voter ID
4. Business vintage proof and continuity proof- GST certificate/FSSAI certificate/Trade license/Shop and establishment certificate, import export certificate/Udyog and Udyam Aadhaar/Hospital registration certificate/Drug license
5. Latest 6 months bank statements

1. Address proof - Utility bill/registered rent agreement along with other documents mentioned above

AYE Finance

Interest Rate

28%-29.5% p.a.

AYE Finance

Associated Charges

Processing Fee: 2.5% of Loan Amount + Applicable Govt. Taxes

Foreclosure Charges: 7% of Loan Amount + Applicable Govt. Taxes

AYE Finance

Repayment tenure

Up to 36 months

AYE Finance

Eligibility Criteria

1. The applicant must be a citizen of India.
2. The applicant must be in the age group of 21-59 years.
3. The applicant must have a business stability of 3 years.
4. Permanence of residence and business location of 3 years is mandatory.
5. The applicant’s residential and business address must be in the same city.

AYE Finance

Basic Documents Required

1. Aadhaar Card
2. Voter ID or PAN card
3. Utility Bills (E-bill or water bill)
4. Banking Statement of last 6 months

AYE Finance

Disbursal Time

Within 7 days

Processing fee: 3% of the loan amount + GST

Foreclosure charges: 4% of principal outstanding

Prepayment Charges- No charges if done before 27th of the month*

1. The applicant must be between 22-60 years.
2. The annual turnover of the business must be at least Rs. 12 Lakhs.
3. Business vintage of at least 1 year is mandatory.

Basic Documents Required

1. PAN Card
2. Aadhaar Card
3. Address proof of promoter(s) and firm
4. Business registration proof
5. Bank Statement of last 6 months
6. Latest ITR – (If loan amount is greater than 15 Lakhs or if banking turnover is greater or equal to Rs. 1.5 Crores)

Disbursal Time

Up to 48 hours (Loan offer sanction)

1. The applicant should be a self-employed individual
2. The applicant must be between 24 and 45 years
3. The applicant must have a monthly income above Rs. 25000

1. The applicant must be in the age group of 25-60 years.
2. The applicant must have a CIBIL score above 675.
3. Business vintage of more than 3 years is required.

1. GST Number
2. KYC Documents (PAN Card/Aadhaar Card/Passport/Voter's ID)
3. Bank Statement

1. The applicant must be a citizen of India.
2. The age of the applicant must be between 21 and 55 years.
3. The applicant must be a salaried individual whose monthly income ranges from Rs. 15,000 to Rs. 50,000.

1. PAN Card
2. Identity Proof: Aadhaar card/Voter ID/Driver’s license/Passport
3. Bank statements of past 3 months

Processing Fee: 1% onwards

Preclosure Fee: 4% onwards

1. The business should fall under the category of partnership, private limited company, or sole proprietorship
2. The applicant must have a bank account (current and savings), net banking access or ePDF
3. The applicant must have an Aadhaar-linked mobile number

1. PAN Card
2. Aadhaar Card
3. Address proof of self and business
4. Business Proof

Processing Fee: 1%-3% of the loan amount +GST

Foreclosure Charges: Zero

Prepayment Charges: Zero

1. The age of the applicant must be between 21 and 57 years.
2. The applicant must have a minimum monthly income of Rs. 20,000.
3. The applicant must have a minimum CIBIL Score of 700.
4. The applicant must be an Android user.

1. The applicant must be in the age group of 23-65 years.
2. The applicant must have a CIBIL score above 675.
3. Business vintage of more than 3 years is required.

1. GST Number
2. KYC Documents (PAN Card/Aadhaar Card/Passport/Voter's ID)
3. Bank Statement

Small-ticket loans - Within 24 hours

High-ticket loans – Within 48 -72 hours

Processing Fee: 0.99% onwards

Foreclosure Charges: Nil

1. Applicant should be either a salaried or a self-employed individual
2. Applicant should fall under the age bracket of 21 to 50 years
3. Applicant should have a monthly income of at least ₹15,000

1. PAN card
2. Aadhaar card

MoneyView

Associated Charges

Processing Fee/Felicitation Charges: Starting from 2% of the approved loan amount

Cheque Bounce: Rs. 500 for every bounce

MoneyView

Repayment tenure

3-60 months

MoneyView

Eligibility Criteria

1. The applicant should be a salaried or self-employed individual.
2. The applicant must be between 21 and 57 years.
3. The applicant must have a monthly salary of at least Rs. 13500*.
4. The applicant’s salary/income should be credited in his/her bank account.

MoneyView

Basic Documents Required

1. Identity proof (PAN or Aadhaar Card)
2. Address proof
3. Bank Statement/Income Proof

MoneyView

Disbursal Time

Within 6 hours

SMFG India Credit

Loan Amount

Up to ₹2.5 Lakhs

SMFG India Credit

Interest Rate

11.99% p.a. onwards

SMFG India Credit

Associated Charges

1. Processing Fees: 3%
2. Foreclosure Charges: 3%
3. Part Pre-payment Charges: 3%

SMFG India Credit

Repayment tenure

Up to 36 months

SMFG India Credit

Eligibility Criteria

The applicant must have a CIBIL Score of at least 730

SMFG India Credit

Disbursal Time

Instant*

L&T Financial Services Business Loan

Interest rate

15.50% p.a. onwards

L&T Financial Services Business Loan

Associated Charges

L&T Financial Services Business Loan

Eligibility Criteria

1. The business must have a vintage of at least 3 years
2. The applicant must fall under the age bracket of 24 to 65 years
3. The applicant should be a self-employed non-professional like a manufacturer, trader, or service provider

L&T Financial Services Business Loan

Documents Needed

1. KYC documents of borrower and co-borrower (if applicable)
2. Bank statements of the last 6 months
3. Business financial statements of the last 6 months
4. Ownership Proof
5. Proof of business continuity

L&T Financial Services Business Loan

Loan Amount

Up to ₹75 Lakhs

L&T Financial Services Business Loan

Repayment Tenure

Up to 60 months