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

Kolkata, the ‘city of joy', is one of the significant educational, commercial and financial pivots of Eastern India. Over time, Kolkata has steadily carved a niche for being one of the most promising destinations for several businesses and entrepreneurs.

The easy accessibility of business loans has made it viable for individuals to establish or expand their enterprises in this city. Inhabitants can easily avail of a business loan in Kolkata without pledging any of their assets as collateral. However, before availing of this credit option, one must know the ins and outs of it.

Top Business Loan Providers in Kolkata

Kolkata provides several business opportunities. However, one of the major constraints that entrepreneurs face is inadequate cash flow. Opting for a business loan is the appropriate solution to boost their working capital and procure resources. This unsecured credit option will help purchase advanced machinery, clear debts, hire new employees, etc.

Applicants can avail of a business loan from online diversified marketplace, Bajaj Markets, as they are in an association with several top loan providers. Individuals seeking this credit option can glance through the list of top of business loan providers in Kolkata and compare different interest rates offered by them.


Interest Rate

Processing Fee

Bajaj Finance

20.5% p.a. onwards

Up to 2.75% of the loan amount


15% p.a. onwards



12% p.a. onwards

1.5% to 2.5% of the loan amount


15% p.a. onwards

2% to 3% of the loan amount


18% p.a. onwards

2% to 3% of the loan amount

Prefr Partners

16% onwards

3% to 5% of the loan amount


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 Loans in Kolkata

Individuals availing of a business loan in Kolkata will be able to reap the following benefits:

  • High-value loan amount: Individuals can access substantial loan amounts of up to Rs. 50 Lakhs, helping them meet multiple short-term and long-term business requirements. Moreover, applicants with healthy credit scores can fetch affordable lending rates on loan amounts.

  • Collateral-free: Individuals can easily apply for business loans without pledging their assets as collateral. It helps individuals who do not want to risk their possessions or do not have assets to keep as security. Moreover, applicants do not have to undergo a tedious documentation process.

  • No-end use restrictions: Loan providers will not dictate borrowers regarding the usage of the loan amount. Hence, a business loan proves to be an ideal option for funding several business needs.

  • Long repayment tenure: A business loan comes with a flexible loan tenure that helps reduce EMI burden, facilitating on-time EMI payouts. To choose an optimum tenure, business owners can use a business loan EMI calculator and compute the EMI amount beforehand.

  • Flexi loan facility: Individuals availing of a business loan can reap the advantages of Flexi loan facility, where they can withdraw funds as per their needs. The interest they have to bear is charged only on the withdrawn amount and not the entire loan principal.

  • Pre-approved offers: Borrowers can also enjoy exclusive pre-approved offers and several value-added services on availing of a business loan. Such offers expedite online application processes and can lower the overall cost of borrowing.

Moreover, depending on business requirements, business owners can opt for various business loans, including start-up business loans, machinery loans, SME and MSME loans, term loans, working capital loans, business loans for women, etc.

Eligibility for Business Loan in Kolkata

Business loan applicants must adhere to the following eligibility criteria to receive approval for the loan amount:

  • Individuals must be Indians.

  • Applicants must be self-employed. Doctors and chartered accountants belong to self-employed professionals. On the other hand, traders, manufacturers etc., belong to self-employed non-professionals.

  • Self-employed individuals must belong to the age group of 25 to 65 years of age.

  • Business entities including limited liability partnerships, and private limited companies, are eligible to apply for the credit option.

  • Business owners must have a minimum experience of 3 years in their current enterprise. They can also have a minimum business experience of 5 years on the whole.

  • Applicants must have a CIBIL score of 650 and above.

Documents Required to Apply for Business Loan

The list of documents that applicants must keep handy while applying for a business loan in Kolkata are as follows:

  • KYC documents

  • Address proof

  • Bank statements of last six months

  • ITR form

  • Copies of income computation, balance sheet, Profit and Loss (P&L) statement of last two years

  • Photocopy of Memorandum and Articles of Association

  • Sole Proprietorship Declaration or copy of Partnership Deed

How to Apply for Business Loan in Kolkata?

With robust digitisation in every financial sector, it has become easy for applicants to apply for the credit option. Here are the steps they must follow to avail of an unsecured business loan in Kolkata:

  • Step 1: Firstly, visit the official website of the bank/NBFC and go to the application page.

  • Step 2: Fill out an application form with personal and business details

  •  Step 3: Now select the preferred lending partner.

  • Step 4: Then, upload the necessary documents and submit the form.

On successful verification and approval, borrowers will receive the loan amount in their accounts.

A business loan ensures accelerated cash flow and helps businesses in lean periods. Applicants availing of business loans in Kolkata must be well-versed in the intricacies of the credit option. They must research and compare different lenders and their offerings to opt for the one that matches their requirements. A thorough analysis will help them lower the cost of borrowing.

FAQs on Business Loan in Kolkata

✔️How to apply for a business loan in Kolkata?

  • Fill the application form under the loan application section on the bank’s/NBFC’s website.

  • After entering your personal details such as e-mail ID and mobile no., you will get an OTP.

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

  • Provide the scanned copies of your documents.

  • Post form submission, a representative will get in touch with you for the next steps.

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

  • Nationality: Indian

  • CIBIL score: Greater than or equal to 700

  • Business tenure: 3 years (minimum)

  • Age of owner must: 24 years to 72 years

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

 You can check your eligibility of your business under the eligibility tab of the financier’s website.

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

The maximum tenure is 5 years (60 months).

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

The maximum business loan amount is Rs. 50 Lakhs.