A business loan is an unsecured loan that serves as a financial aid for businesses and enterprises to meet their requirements. Be it expanding your business to new locations, purchasing advanced machinery, hiring new staff or clearing all your debts, a Business Loan will surely serve the purpose. Nowadays, most of the banks and Non-Banking Financial companies offer business loans at competitive interest rates. If you are eligible and have required documents in place, you can avail the Business Loans and ensure its smooth operation.
Finserv MARKETS helps you choose from a wide variety of Business Loan products. What’s more! You also get to compare various loan offers by the best of the lending partners. So, you are indeed spoilt for choice!
There's no tedious paperwork involved. Your application is approved within minutes and money gets disbursed in no time.
We are proud to deliver on our promise. Our reliable interface helps the lending partners reach out to people all across India and provides the best lending experience.
As per the business needs and requirements, there are various types of Business Loans online. Take a look:
As an aspiring entrepreneur, if you are looking to start your business venture and need financial assistance for it, you can always apply for a Start-up loan. You can also avail this loan; in case you wish to expand the operations of your start-up.
With the aim of promoting financial independence among women, Business Loans for Women can help the female entrepreneurs become self-sufficient and enable the growth of their business. Most financial institutions offer Business Loans to women to fund their requirements.
With a working capital loan, the self-employed individuals can manage the daily expenditures of the business. This includes managing steady cash-flow, purchase machinery, pay short-term debt. Availing this loan will help you take care of finances associated with day to day operations.
MSME stands for Micro, Small, and Medium Enterprises. With the help of MSME loan, you can finance your business requirements like revamping your company’s infrastructure, purchase machinery or raw materials, or expanding your business operations in general.
An Equipment Machinery loan can help you with finances related to your business equipment. With this loan, you can purchase new machinery, upgrade the existing ones or even the faulty ones repaired.
Applying for a Business Loan online on Finserv MARKETS is now really simple. Just follow these steps:
Check out the business loan eligibility and complete list of documents required for business loan.
To be eligible for Business Loan, you must fulfill the following criteria:
Customized Interest Rates* |
1.5-2% per month |
Processing Fees |
2-3% |
Loan Tenure |
Up to 60 months |
Pre-closure Charges |
4% |
Eligibility Criteria |
>Rs. 90,000 turnover for 3 months |
Loan Amount |
Rs. 50,000 to Rs.75 Lakhs |
Installments |
Flexible Monthly/Bi-weekly |
**Pre-closures are allowed upon the full payment of the first EMI
Here is a list of the documents one needs to provide while applying for a Business Loan.
Know about how to apply for aadhar card business loan
The Business Loan EMI Calculator by Finserv MARKETS, is an online tool that provides you the exact amount that you need to pay as EMI by taking into account the following 3 factors:
A business loan is a great way of growing your business venture and supporting your future endeavours. However, it is important to plan this path effectively as it can make or break your prospects.
Here are some factors that you must consider when getting a business loan:
Explore Every Option: Getting a business loan is a major decision and one that you take with a critical objective in mind. Before you make the final call and avail a business loan, explore other options like increasing sales production, adopting a low-cost mechanism, and more. Carefully consider all your options before finally getting a business loan as it can save you from commercial debt that you may not need.
Decide how you will use the loan: Create a plan focusing on the most effective ways for using the funds. You may directly put the money into funding the critical task or use it in portions. However, not planning well may lead you to using the funds on non-essential tasks. So, be very careful about how you plan to employ your funds.
Driven Value: The ultimate goal of getting a business loan must be the deriving value. It must bring meaningful growth to your business. So, consider this ultimate aspect before getting a business loan.
Lenders always evaluate your CIBIL score before approving your loan application. Your Credit score determines your creditworthiness and repayment capacity. If you apply for a business loan with bad credit, it can be difficult to secure the financing you require. To avail business finance with ease, it is important to maintain a good credit score by paying off your bills and outstanding debts on-time. You must always check your CIBIL score before applying for a loan. This will give you a fair idea regarding whether your loan application will be accepted or not.
Personalized choices for Loans, Cards, Insurance, Investments & UPI Payments along with No Cost EMI offers to shop for a wide range of lifestyle products – discover more on the Finserv MARKETS App
A Business Loan can be used for expanding current business operations, purchasing inventory, raw-materials, for working capital requirements etc.
A Business Loan is an unsecured loan product; hence you need not provide any security to avail it.
The maximum age of availing a Business Loan is usually 65 years.
With online facilities provided by most of the banks/NBFCs, you can find out your eligibility instantly.
The repayment tenure usually ranges from 1-5 years.
You can get a Business Loan from Rs. 5000 to Rs. 2 Crore, depending on the bank/NBFC, their policies.