Business Loan in India

Today in India, industries are growing at a fast pace. A lot of individuals and groups are establishing start-ups and companies to fuel their aspirations for becoming successful entrepreneur. For an existing business, one may often feel the need of funds to manage business expenses. This is why many banks and NBFCs offer business loan in India. The loan can be either secured or unsecured. At loanbaba.com, you can compare the loan offers, and use business loan EMI calculator for free. You can also apply for business loan online in the country for any chosen city.

Business Loan Eligibility in India and Other Details

The eligibility of business loan depends on the applicant and the company’s income profile, business profits and turnovers, credit history and score of the applicant/co-applicants, number of years the business has been operational for and other factors.  On our site you can find a list of top NBFCs and banks of the country offering business loans to fulfil your company’s monetary requirements.

Business loan, India from loan providers are oriented to meet financial requirement for capital needs and any other industrial expenditure which are important for keeping a business operational. Maximum amount you can borrow is up to Rs. 1 crore.

Business Loan Charges in India

The processing fees other charges and prepayment etc. depends on the NBFC or bank scheme.  One can see all the NBFCs and Banks that provide business loans at the site and choose the suitable one to fulfil all the organization’s requirements.

Why you should select Loanbaba.com to apply for India Business Loans?

Loanbaba understands your business needs. Here, you can compare business loan offers from top banks and NBFCs and apply online for the loan. The application process takes less than 2 minutes. Since online application is involved, the loan procedure is completely paperless. Moreover, you can find best business loans interest rates in India and select the best business loan provider in India that meets your interests and needs.

Documentation needed to avail Business Loans in India:
  • Application form and current passport size photo 
  • Identity Proof: Voter’s ID, PAN Card, Passport, DL etc.
  • Proof of Address: Telephone Bill, Driving License, Ration card, Copy of Passport, Bank Statement or Passbook, Rent agreement, Electricity Bill etc.
  • Proof of Age: Passport, PAN Card or any other statutory authority certificate
  • Business Existence Proof
  • Bank Statements: Bank Passbook or statement of last six months
  • Profit & loss statement of last three years
  • Balance sheet of last three years
  • ITR of last three years (for business and self) duly certified from a Chartered Accountant
  • Cheque of processing fee
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