Business Loan

Apply For a Quick Business Loan Instantly

Quick Business Loan Overview

With our Quick Business Loans, get quick and easy access to finance and fulfill short and medium term fund requirements of your business.

Become a smart business owner and access pre-qualified business loan in just a few clicks with digital loan application and quick disbursal.

Documents Required for a Quick Business Loan

Completing the business loan applications carefully is crucial for entrepreneurs to increase their chances of approval. So, what are the documents required for a business loan?

Here’s the list of documents required for a business loan application for different types of businesses: 

Type of Loan Documents	Sole Proprietors	Individual Business Owners
Current Account Bank Statement for the Last 6 Months	The entity name on the bank statement should match the name on the business proof submitted.	The business owner's name on the bank statement should match the name on the business proof submitted.
Business Proof Documents	1. GST Form 2.1. If the GST Form is >= 24 months old, either an Udyam Registration Certificate (URC) or any 1 of the following documents needs to be submitted: FSSAI Shop Act License Medical Council of India ICAI – Certificate of Practice ICSI – Certificate of Practice Import Export License 2.2: If the GST Form is less than 24 months old, then URC is mandatory	1. Udyam Registration Certificate (URC) 2.1. If the Udyam Registration Certificate is less than 24 months old, any one of the following documents needs to be submitted: FSSAI Shop Act License Medical Council of India ICAI – Certificate of Practice ICSI – Certificate of Practice Import Export License Note: The issued date of the document chosen from this list should be >= to 24 months.
KYC Document	Aadhaar Card PAN Card	Aadhaar Card PAN Card

Eligibility Criteria for Quick Business Loan

Go through the financial and non-financial eligibility criteria explained below to make your loan application process easy:

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Non-Financial Eligibility Criteria	Financial Eligibility Criteria
25-67 years old	For > Rs. 10L, GST Turnover > 2cr**
Established for a minimum of 2 years	Business profitable for 2+ years
CIBIL score should be 680 or higher	No LIVE Overdraft facility
Office set up with name board	6 months bank statement***
On-time GST3RB and GSTR1 filings
Active and regular GST for more than Rs. 5 Lacs*

 

Quick Business Loan Fees & Charges

 

Parameter	Description
ROI	Starts at 15.99% P.A
Processing Fees	2% + GST*
Documentation Charges	₹1,000 for loan amount < ₹10 Lakh  ₹1,500 for loan amount >= ₹10 Lakh
Stamp Duty Charges	Varies from state to state
Foreclosure Charges	For Micro & Small Enterprise customers: Nil part Pre-Payment and fore-closure charges applicable for fixed rate loan facility up to Rs. 50 lakhs. For all Other customers: 5.5% of outstanding principle plus applicable taxes after repayment of 1-11 EMIs 5% of outstanding principle plus applicable taxes after repayment of 12-23 EMIs 3.50% of outstanding principle plus applicable taxes after repayment of 24 EMIs.