Business Loan Details

Eligibility criteria include: business vintage of minimum 3 years, profitable operations for last 2 years, minimum annual turnover of ₹10 Lakhs, good credit history, and proper business documentation. Startups may have different eligibility criteria under special schemes.

For existing businesses with complete documentation, approval can take 3-5 working days. For startups or larger loan amounts requiring detailed evaluation, it may take 7-10 working days. We prioritize quick processing to ensure timely funding for your business needs.

For loans up to ₹10 Lakhs, we offer unsecured business loans. For higher amounts, collateral may be required which can include property, machinery, inventory, or receivables. We also consider credit guarantee schemes for MSMEs to reduce collateral requirements.

Yes, we have special startup loan schemes with relaxed eligibility criteria. Startups need to have a solid business plan, promoter's contribution, and may require collateral or personal guarantee. We also consider applications under various government startup funding schemes.

Required documents include: Business registration certificates, PAN card, GST registration, MSME certificate (if applicable), bank statements for last 12 months, income tax returns for last 2-3 years, financial statements, KYC documents of promoters, and business plan for new ventures.