Business Loan

You can use the loan amount to invest in infrastructure, expand operations, buy equipment or inventory, or even to increase working capital.
  • Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
  • The business should have a minimum turnover of Rs. 1 crore.
  • Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
  • The applicant should be at least 23 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity.
  • Business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum.
  • Current GST Returns.


  • Availed in a range of Rs.75,000 to Rs. 50 Lacs (for businessman)
  • Special range of 75 Lacs for doctors.
  • Minimum Document
  •  flexible repayment options minimum 12 months to 36 months
  • Drop line over draft facility ( Without any collateral )

     Balance Transfer your exiting business loan

    . Enjoy lower EMI’s and SAVE on your interest payments

    • Interest rates as low as 14.99 % on the existing loan transfer
    • Processing fee (0.99 % + GST) of the Loan Amount
    • To transfer your loan balance
Fee Charges
Rack Interest Rate Range 15.50% to 18.30%
Loan Processing Charges Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 75000/-
Prepayment No pre-payment permitted until repayment of 6 EMIs
Pre-payment charges 07-24 Months – 4% of Principal Outstanding
25-36 Months – 3% of Principal Outstanding
>36 Months – 2% of Principal Outstanding
No Due Certificate / No Objection Certificate (NOC) NIL

Documentation -:

1.  Pan card (individual / firm / company)

  • Pan card (individual / partners / directors )

2. Residence  Address Proof: Any One from the following:

  • Utility Bills / passport copy/ Adhara card / Driving licences/ Voter card ( any One )

3. Office Address Proof: Any One from the following:-

  • Property Documents
  • Utility Bills
  • Any  registration of (industrial /firm/company)

4. Office / Residence Ownership Proof (if any): Any One from the following:-

  • Property Documents
  • Maintenance Bills
  • Electricity Bills

5. Business Existence Proof Any One from the following:

  • Shop Establishment Act
  • Any Tax Registration Copy
  • Company Registration license
  • Company MOA& ROC return
  • Partnership Deed ( if partnership firm )

6. Income Proof:-

  • Latest 3 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
  • Last 12 months bank statement current / limit.

7. Required Documents for Balance Transfer (Existing Bank):-

  • Foreclosure letter from the bank.
  • Loan statements