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✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now!

Hyderabad is a major hub of the IT and service sector in the country. Besides, the state also generates revenues from the agriculture and manufacturing industries. Due to the rapid economic growth, it is the most noteworthy contributor to the country’s GDP and tax revenues.

 

Now, if you are a business entrepreneur located in Hyderabad seeking a way to get a business loan in Hyderabad, approach Bajaj Markets. Here you can explore hassle-free loans extended by reputed financial institutions without any requirement of collateral.

Top Business Loan Providers and Interest Rates in Hyderabad

Availing of business loans from leading financial institutions will allow young business owners to meet varied business expenses without waiting for funds. Moreover, easy-to-meet eligibility parameters and minimal documentation ensure prompt access to funds. So, if you are willing to avail unsecured business loans in Hyderabad, you can apply online or visit the nearest Hyderabad branch to proceed with the loan application process.

 

Nonetheless, refer to the table below for a quick rundown of top business loan providers and interest rates in Hyderabad:

Lender

Interest Rate

Processing Fee

Bajaj Finance

20.5% p.a. onwards

Up to 2.75% of the loan amount

KreditBee

15% p.a. onwards

N/A

FlexiLoans

12% p.a. onwards

1.5% to 2.5% of the loan amount

Lendingkart

15% p.a. onwards

2% to 3% of the loan amount

NeoGrowth

18% p.a. onwards

2% to 3% of the loan amount

Prefr Partners

16% onwards

3% to 5% of the loan amount

IIFL

16.5% onwards

2.5% to 4% of the loan amount

Disclaimer: Interest rates and processing fees are subject to change. Please check with the lender before applying.

Features & Benefits of Business Loan in Hyderabad

Expanding enterprises involves considerable funds. In this regard, availing of small business loans in Hyderabad can be an effective financing option. One can meet varied business expenses, such as purchasing modern machinery, recruiting professionals, expanding business, etc., with such advances. Without ample working capital, no business can function smoothly.

Moreover, lending institutions offer business loans in Hyderabad to entrepreneurs. In this regard, the loan amount is offered based on the applicant’s credit score and repayment history. Nonetheless, here are some of the features and benefits of business loans in Hyderabad:

 

  • Instant and substantial access to capital: Availing of business loans from Bajaj Markets platform will allow you to avail of instant loans in a hassle-free application process. Moreover, if you have a good credit score and repayment record, you can obtain a considerable loan amount at a competitive interest rate. Moreover, since, such financing options do not come with any end-use restriction, borrowers can utilise the funds to fulfil varied requirements of business ventures.

  • Highly competitive interest rate: For both salaried and self-employed applicants, interest rates are quite affordable. Moreover, applicants with a credit score of 750+ and a good repayment record can negotiate with the lender for the most reasonable interest rate against their borrowed amounts.

  • No requirement for collateral: When applying for a business loan in Hyderabad, applicants do not have to stress about providing a guarantor or submitting any high-value asset as collateral.

  • Flexible repayment tenure: With flexible repayment tenure for both short-term and long-term loans, business loan borrowers can pay off EMIs comfortably. Such business loans have been exclusively designed to boost the growth of small businesses. Besides, with the benefit of Flexi Loan facility, borrowers can withdraw funds from the sanctioned amount at their convenience and repay only the withdrawn amount with no extra charges. Moreover, borrowers can pay up to 45% lesser EMIs during the initial part of the repayment period.

  • Instant approval and no hidden charges: After submitting a few basic documents to begin loan processing, verification starts. After successful verification, loan gets approved, and the sanctioned amount is credited to the applicant’s bank account within 24 hours.

Moreover, securing a business loan in Hyderabad from renowned financiers will ensure no hidden charges and transparency in loan policies.

Eligibility for Business Loans in Hyderabad

Like every other financing option, business loans also come with certain eligibility parameters laid down by financial lenders. Therefore, to avail of a business loan in Hyderabad, the following qualifying parameters need to be fulfilled:

 

  • Applicants age should be within 25-65 years

  • One needs to be self-employed, such as a doctor, CA’s, trader, manufacturer etc.

  • Borrowers must have a business experience of 3 years in the current business and at least 5 years of experience as a whole

  • Business units such as private limited companies, limited liability partnerships, partnerships can apply for business loans

  • ITR of at least one year are necessary for the business

  • Minimum business experience of 3 years in regards to the current business and business vintage of at least 5 years as a whole

Documents Required for Business Loan in Hyderabad

Applicants need to submit the following documents to ensure hassle-free approval of their desired loan amounts:

 

  • KYC documents

  • Address proof

  • ITR form including balance sheet, profit and loss statement, income evaluation of last 2 years

  • Bank statement for last 6 months

  • Sole proprietorship declaration and authorised copy of partnership deed

  • Articles of association and authorised memorandum copies

How to Apply for Business Loan in Hyderabad?

The application process for a business loan in Hyderabad is quite simple and straightforward. Here are the steps to proceed with the application process:

 

  • Step 1: Visit your preferred financier’s website and choose a business loan from the list.

  • Step 2: Submit your personal, income and business details.

  • Step 3: Choose your repayment tenure and loan amount.

  • Step 4: Upload scanned documents and submit.

  • Step 5: After successful document verification, the concerned loan representative will process the loan application. After approval, the loan amount will be credited to the applicant’s bank account.

With a business loan in Hyderabad, you can secure the necessary funds to meet varied business expenses. The funds can be utilised in undertaking various business operations, acquisition of other companies, purchasing high-end equipment, etc. Moreover, at Bajaj Markets, borrowers can enjoy custom-made loans with flexible repayment tenure and personalised offers.

FAQs on Business Loan in Hyderabad

  • ✔️How to apply for a business loan in Hyderabad?

     Here are the steps to apply for a business loan in Hyderabad:

    • Go to the bank’s/NBFC’s website and fill the application form under the loan application section.

    • You will receive an OTP after entering your personal details such as e-mail ID and mobile no.

    • Share your business and personal details such as business registration details, monthly sales and tenure of business.

    • Upload your account statement for the last 6 months.

    • After submitting the online form, wait for a representative’s call for the further steps.

  • ✔️What is the eligibility criteria for an unsecured loan in Hyderabad?

     In Hyderabad, the eligibility criteria for an unsecured loan are:

    • Indian nationality

    • CIBIL score above 685 or more

    • Tenure of business must be at least 3 years

    • Age of owner must be between 24 to 72 years

  • ✔️How do I know if I am eligible for a business loan?

     You can check your eligibility under the eligibility section of your preferred financer’s website.

  • ✔️What is the maximum tenure for business loans availed in Hyderabad?

    The maximum tenure for a business loan in Hyderabad is 5 years.

  • ✔️What is the maximum loan amount that can be availed when seeking a business loan in Hyderabad?

    The maximum business loan amount that can be availed while seeking a loan amount in Hyderabad is Rs. 50 Lakhs.