Business Loans are excellent financial avenues for small and medium ventures that need fresh capital to fund operations. These are also useful in bridging financial gaps in undertaking expansions and improvements of existing businesses.

Most lenders are willing to help bridge the gap and provide business loans if they see the potential growth in the business and believe that some calculated risk is worth a shot. As long as the risk levels are within the acceptable range, these financial institutions can definitely lend a helping hand. Loan amount usually varies between 5 lacs and 50 lacs.

Interest rates offered by different lenders on business loans vary. This depends a great deal on if you have applied for a secured loan or an unsecured loan. And when it comes to matching you with your business loan needs, we at, can offer you the best and the most flexible options at your disposal.

Secured and Unsecured Business Loans

Secured loans are ideal for established businesses that have movable or immovable properties. These properties are treated as collaterals and it can reduce the interest rate applied on the business loan. Other acceptable forms of collaterals for secured loans are – stocks and fixed deposits. As the risk is a lot lesser in the case of secured loans, interest rates charged are pretty reasonable for these loans in comparison to unsecured loans.
On the other hand, unsecured loans can be an option for enterprises that do not have anything to offer as collaterals. Typically, loans taken out under this setup are used as working capitals or for the purchase of equipment.
Unsecured loans can be taken for short term, medium term or long-term. Basically, the duration is based on the assessment made on the ability of the borrower to repay the loan amount, profitability trends, perceived risks and several other factors. Although no co-lateral is required, the interest rates applied are generally higher and vary from 16% to 21%.

Forms of Business Loans

  • Short Term Loans – Paid within 24 months and ideally used as working capital.
  • Medium Term Loans – A repayment period of two to eight years is granted. This form of loan is often used in buying machineries, establishing inventories, and increasing working capital.
  • Long Term Loans – Used in operational development, business expansion and fixed asset building. This loan is payable between 8 to 15 years.

Factors in Determining Interest

Interest rates may vary between 16 percent and 21 percent, and may depend on some other policies imposed by financing institutions. These include perceived risk factors by the bank, track record, industry profile, profitability movement and behavior, and development and growth.

For an idea on how much interest rate could be applied on your loan, just fill out our online form. At, we provide you with a fast and efficient access to the best loan rates in the market as well as flexible repayment term options.

Our reliable partners will contact you within the next 2-3 business days.

Availability of Business Loans

Business loans can be availed by small and medium enterprises, self employed individuals or professionals that are owning sole proprietorship firms, partnership firms, private limited companies, and closely-held limited companies.

Buisness Loans FAQs

What are the requirements for eligibility?

      • Business should be existing for at least three (3) years
      • It should be making profit for over the last two (2) years
      • Co-applicant is required to act as a guarantor
      • Applicants should be between 25 and 65 years of age

What are the prepayment charges?

    • A prepayment charge of 4% to 6% is levied on the principal outstanding balance

Who can avail a Business Loan?

Business loans can be availed by self-employed individuals or professionals, sole proprietorship or partnership firms, private or closely-held limited companies

What are the benefits of a Business Loan?

      • It only takes between four (4) and seven (7) business days for business loans to be processed, with fast and easy documentation.
      • Hassle-free loans from 5lakh to Rs 3cr
      • Can be paid in equated monthly installments

What is the minimum annual turnover eligibility?

The minimum turnover required is Rs 1cr

What is the interest rate charged on BIL?

  • The rate of interest varies from 18% to 22% depending on the amount of the loan, assessment on credit, and other factors

What are the documents needed for application?

      • Identification cards with photos, age and signature verification
      • Proof of business existence over the last three years
      • Most recent business bank statement for the last 6 months
      • Audit report for the last 2 years that includes profit and loss, balance sheet, and IT returns
      • Proof of home, business, and office address.

What is the turnaround time of the loan disbursal?

May take up to seven (7) business days from the time the complete documents have been submitted

What are the parameters checked before sanctioning a Business Loan?

    • Liquidity
    • Solvency
    • Profitability
    • Owned Assets
    • Track Record
    • Management
    • Business Model
    • Industry Covered

At, we help make the loan process quick and easier for you. Just fill the online form and you can get a fast and accurate assessment of your loan application for free. We connect you to the right institution that will be able to offer your business loan needs at the interest rates you can afford and within the period you can repay.