Who can apply for a Business Loan?

Business Loan is available for salaried/self-employed as well as Professionals and employees of public/Pvt Ltd companies. Every bank has individual minimum criteria for net monthly income of Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.

How long will it take for my Business Loan to be processed?

Once you submit your application form and the required documents as per the Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

What is the Cheapest Business Loan or Affordable Business Loan?

An Affordable or cheapest Business Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, but you can get a quick Business Loan with minimum processing fees and no hidden charges. Our easy & minimal paperwork and flexible EMI payment options will make it a hassle-free Business Loan.

What are Nil Foreclosure Charges in Business Loans?

The term Loan foreclosure means when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

What are the features of Loanmoney's Fastest Business Loan?

The features of Loanmoney's Fastest Business Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose, and Fast, Cheap, and reliable.

Do I need to provide any security or collateral to obtain a Business Loan from the Bank?

No, you don’t have to provide any security, collateral, or guarantee to obtain a Business Loan from the Bank.

How do I qualify for a business loan?

Qualification criteria vary among lenders, but generally, they consider factors such as your business's creditworthiness, revenue, time in operation, business plan, and the purpose of the loan. A good credit score, stable cash flow, and a well-established business history can improve your chances of approval.

What documents are needed to apply for a business loan?

Commonly required documents include business and personal tax returns, financial statements, business licenses, bank statements, business plans, collateral details (if applicable), and ownership information.

What is the typical interest rate for a business loan?

Interest rates can vary widely based on factors like your creditworthiness, the type of loan, lender, and prevailing market rates. Rates may be fixed or variable and can range from a few percent to higher rates for riskier borrowers.

What types of business loans are available?

There are various types of business loans, including term loans, lines of credit, equipment financing, SBA loans, merchant cash advances, and invoice factoring, among others. Each type serves different business needs and has its own terms and eligibility criteria.

How much can I borrow with a business loan?

Loan amounts vary greatly depending on the lender, your business's financial health, and the purpose of the loan. Some lenders may offer small loans under $10,000, while others can provide substantial amounts exceeding $1 million.

Do I need collateral to secure a business loan?

Collateral requirements depend on the lender and the type of loan. Some loans, like secured loans or equipment financing, require collateral (assets that can be seized if the loan isn't repaid), while others, like unsecured loans, do not require collateral but may have stricter credit requirements.

How long does it take to get approved for a business loan?

Approval times vary, but it can take anywhere from a few days to several weeks. Online lenders may offer quicker processing times compared to traditional banks.

What is the repayment term for a business loan?

Repayment terms depend on the type of loan. Term loans may have repayment periods ranging from a few months to several years, while lines of credit offer revolving terms. SBA loans can have longer repayment periods.

Can I get a business loan with bad credit?

It's possible, but it can be more challenging. Some lenders offer specialized products for businesses with lower credit scores, but these loans may come with higher interest rates and stricter terms.

Can I use a business loan for any purpose?

The purpose of the loan may be restricted by the lender. Most business loans are intended for legitimate business expenses, such as purchasing equipment, expanding operations, or managing cash flow.

What are the risks of taking out a business loan?

The main risk is the obligation to repay the loan amount along with interest, which can strain your business's finances. Defaulting on the loan can lead to financial penalties, damage to your credit, and potential loss of collateral.

How does a business line of credit work?

A business line of credit is a revolving credit account that provides you with access to funds up to a predetermined limit. You can borrow and repay repeatedly as long as you stay within the limit. Interest is only charged on the amount you borrow.

What's the difference between a term loan and a line of credit?

A term loan provides a lump sum of money that is repaid over a fixed term with regular installments, while a line of credit offers flexible access to funds up to a certain limit, and you only pay interest on the amount you use.

How can I improve my chances of getting approved for a business loan?

Improve your personal and business credit scores, maintain accurate financial records, have a solid business plan, demonstrate consistent cash flow, and be prepared to explain how the loan will benefit your business.

Avail Business Loan for Business Expansion

Flexible Repayment Tenure | Maximum Loan Amount | Minimum Documentation | Fixed Interest Rate

Get Business Loan for Working Capital

Flexible Repayment Tenure | Maximum Loan Amount | Minimum Documentation | Fixed Interest Rate

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Flexible Repayment Tenure | Maximum Loan Amount | Minimum Documentation | Fixed Interest Rate

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20

Years Of Experience

Business Loan

When it comes to addressing the challenges of running a business, a business loan proves to be an excellent solution. It offers various opportunities such as expanding your business, increasing inventory, hiring new talented employees, improving cash flow, relocating your business, and expanding your marketing efforts. Business loans come in different types, including bank loans, mezzanine financing, asset-based financing, business cash advances, and cash flow loans.

LoanMoney serves as an Authorized Direct Selling Agent for several National, Multinational, and Non-Banking Financial Companies, specializing in promoting their asset division sales. We provide eligible candidates with the advantage of obtaining a business loan with minimal documentation, quick approval, the lowest interest rates, minimal processing fees, and doorstep service. By applying for a business loan through LoanMoney, you can maximize the benefits available to you.

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Features of Business Loan

LoanMoney is a one-stop solution for all your business loan requirements. Whether you’re looking to purchase or build your first home or just want to refurnish your current home with interest rates starting as low as 8.00%. LoanMoney provides Business Loans of up to Rs.10 crores with flexible tenure of up to 30 years. You can transfer your existing Business Loan easily with the Balance Transfer facility, and also avail of a top-up loan facility of up to Rs. 50 lakh to secure finance for other requirements.

Business Loans
Fixed Interest Rate
Flexible Repayment Tenure
Maximum Loan Amount
Minimum Documentation
Fast Processing

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All Banks Business Loan

Bank Name

Loan Amount

Interest Rate

Special Features

HDFC Ltd
Business Loan

Details

10 Lac - 10 Crore

12.75% - 17.50%

Lowest Rates of Interest In Market

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Maximum Tenure - 72 Month
Applicant Should Be Earning at Least 35,000 Per Month as Net Income
Nil Closure and Part Payment Facility Available for More than 10 Lac Loan Amount.

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 6 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - Form 16 & Office I-Card Mandatory for Government Customers

Fees & Charges

Nil Charges For Closure and Part Payment Available For More Than 10 Lac Loan Amount.
10 Lacs Loan Amount -pre-closure Fee = 4% Of Principal Outstanding 2nd Year. 3% In 3rd Year & 2% Afterwards.
Part-payments Can Be Made Only After 12 Months. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Amount. 3% Is Applicable On Payments Between 25 To 36 Months. 2% Is Applicable Post 36 Months.
Part-payments Are Allowed Only Twice During The Loan Tenure And Once A Year. The Amount Cannot Exceed 25% Of The Principal Outstanding.
In Golden Edge Facility Pre Closure Charges Nil After 12 Months

ICICI Bank
Business Loan

Details

5 - 40 Lakhs

15.50% - 19%

Get Loan on GST Returns No Financial Require

Eligibility Criteria

Salaried - Age at least 23 and less than 65
Applicant Must Have A Monthly Income Of 35,000 Or More
For Non Listed Companies Monthly Income Should Be 40,000 Per Month

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance

Fees & Charges

Nil Charges For Closure And Part Payment Available For More Than 10 Lac Loan Amount.
Pre-closure Fee - 5% Of Principal Outstanding
Golden Edge Scheme Available More Than 10 Lacs Loan Amount

Bajaj Finserv
Business Loan

Details

5 - 45 Lacs

15% - 19%

OD Facilities with 12 Hr Disbursment

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Monthly Income Should Be More Than 20,000
For Listed & Non Listed Both
Digital Process

Documents

Selfie, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - 3 Months Bank Statements Of Till Date

Fees & Charges

Pre-closure Fee = 5% Of Principal Outstanding After 6th EMI.

TATA Capital
Business Loan

Details

5 - 75 Lac

17% - 20%

Loan Eligibility Can Be Done As Per Customer Requirement

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Applicant Should Be Earning at Least 25,000 Per Month as Net Income

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 6 Months Bank Statements Of Till Date
Additional Documents - Form 16 & Office I-card

Fees & Charges

Pre-closure Fee = 4% Of Principal Outstanding (Plus Applicable Tax) In 2nd Year. 3% (Plus Applicable Tax) In 3rd Year & 2.5% (Plus Applicable Tax) Afterwards
Part-payments Can Be Made Only After 12 Months. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Amount. 3% Is Applicable On Payments Between 25 To 36 Months. 2% Is Applicable Post 36 Months
Part-payments Are Allowed Only Twice During The Loan Tenure And Once A Year. The Amount Cannot Exceed 25% Of The Principal Outstanding

Axis Bank
Business Loan

Details

5 Lakh - 40 Lacs

17% - 19%

Special ROI 11% to 14% for Professionals Like Dr.Ca & Etc

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Monthly Income Should Be More Than 20,000
For Listed & Non Listed Both
Digital Process

Documents

Selfie, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - 3 Months Bank Statements Of Till Date

Fees & Charges

Pre-closure Fee = 5% Of Principal Outstanding After 6th EMI.

Kotak Mahindra Bank
Business Loan

Details

5- 75 Lakhs

15% - 19%

Flexible repayment methods Facility

Eligibility Criteria

Age - At Least 23 And Less Than 58
Applicants Must Be Salaried Indian Residents Working At Mncs, Public Companies Or Other Large Private Organisations
Monthly Income Should Be More Than 35,000

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date
Additional Documents - Form 16 & Office I-card

Fees & Charges

Pre-closure Fee = 5% Of Principal Outstanding

Aditya Birla Capital
Business Loan

Details

Upto 1 Crore

16% - 21%

Flexi tenure option available from 12 to 36 months.

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Self-employed - Age At Least 23 And Less Than 58, Office & House Should Be Own

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance
For Self Employed Need Minimum 2 Years Of Itr Copy & 6 Months Bank Statement Of Current Account With Gst Registration Certificate

Fees & Charges

Pre-closure Fee - 5% Of Principal Outstanding

Business Expansion

Expand your business and reach the next level of growth.

Working Capital Requirements

Resolve financial problems by buying machinery and maintaining inventory.

New Startup

Don't wait, if you have the plan and courage to start a new business, take the loan and start your work.

Advantages with Loanmoney

Loanmoney is one of the leading Loan agencies in Delhi/NCR.

We offer all types of Loans like Personal Loan, Home Loan, Business Loan, and Loan Against Property.

Loan Money's main objective is to provide the Best deals with Multiple options with Transparency & safety.We deal with over 35 Banks & NBFC`S.

Our main focus is customer satisfaction that's why our customers rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.

Experienced Loan Advisor

We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, and CAs to guide hassle-free Loan processes and deliver on commitment.

Multi Bank Option

Loanmoney deals with Over 35 Banks & NBFCs, As per customer profile & financial status we give a minimum of 3 best deals for Personal Loan which is available in the market.

Free Doorstep Service

Loanmoney doesn't charge anything against the customer for the Service of your Loan and helps you to get the desired loan amount at the lowest rate.

End to End services

We are a very vibrant and dynamic Loan agency that manages all the processes ourselves from lead sourcing to Loan Disbursal. We work for customers utmost satisfaction.

Transparency & Safety

We will share every term and condition related to your Loan processes like interest rates, payment tenure, EMI, and any other charge applied during the Loan process & before loan disbursement on recorded lines.

Referral Program

Loanmoney offers an attractive scheme for earning extra bucks after getting a loan. Any Disburse customer can become our associate & can start earning on referring New customers to Loan Money.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Business Loan

Who can apply for a Business Loan?
Business Loan is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.
How long will it take for my Business Loan to be processed?
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
What is the Cheapest Business Loan or Affordable Business Loan?
An Affordable or cheapest Business Loan is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Business Loan with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Business Loan.
What are Nil Foreclosure Charges in Business Loan?
The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Business Loan to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.
What are the features of Loanmoney's Fastest Business Loan?
The features of Loanmoney's Fastest Business Loan are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.
Do I need to provide any security or collateral to obtain Business Loan from Bank?
No, you don’t have to provide any security, collateral or guarantee to obtain Business Loan from Bank.

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Okhla Industrial Area, Phase - 1
New Delhi - 110020

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Head Office

B-520, Tower B,Logix Technova
Plot No. 44, Sector - 132
Noida - 201305, India

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Avail Business Loan for Business Expansion

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