Business Loan

Bank Name

Interest Range

Loan Amount

bajaj

20%

Upto 50Lakh


What you'll love
  • No guarantor required
  • Instant Online Approval




Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph


Eligibility Criteria
  • Age at least 25 and less than 55
  • Salaried employee of either an MNC, public or private company



hdfc

15.65%

Rs 50L

What you'll love
  • No guarantor required
  • Conditional pre-closure - only after 1 year
Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph
Eligibility Criteria
  • Age at least 21 and less than 60
  • Be earning at least Rs.20,000 per month net income (Rs. 25,000/- in Madhya Pradesh)


Tata Capital

19%-23%

Rs 50L

What you'll love
  • No guarantor required
  • Conditional pre-closure - only after 6 months
Documents
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph
Eligibility Criteria
  • You need to be minimum of 25 years of age and maximum 65 years
  • Your business should be registered
  • Your business should have been making profit for 3 consecutive financial years
  • Turnover should be on a positive trend
  • Balance sheet has to be audited by a registered chartered accountant


Small businesses sometimes need loans to meet their daily operations needs until their earning assets are sufficient to cover their working capital needs. A business loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest.

A business loan is debt that the company is obligated to repay according to the loan's terms and conditions.Small-Business Lenders. You can get small-business loans from several sources, including banks, credit unions and online lenders.

Our business loans come with a host of benefits and are tailormade to meet your unique business needs. We offer among the best business loans in India, with complete transparency and competitive interest rates. Also, our business loans do not require any security.

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Here's how to get a business loan in five steps:
  • Pinpoint why you need the money. Ask yourself how this loan will help your business.
  • Find the right loan. Choose a type of business loan based on your needs.
  • Find the best lender for you.
  • See if you have what it takes to qualify.
  • Get your documents ready and apply.

Limit is set in separate Current account which drops monthly till end of the tenure. Pay the interest only on the amount utilized.

  • To expand the business
  • To expand business location
  • To start a whole new business
  • To build credit for future requirements
  • To purchase equipment for business
  • To purchase more inventories
  • To bring in fresh talents to the business

The following people are eligible to apply for a Business Loan:

  • 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. 40 lakhs Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
  • Those whose business has been profit making for the previous 2 years The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
  • The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity

The following documents are required along with your Business Loan application:

  • PAN Card – For Company/Firm/Individual
  • A copy of any of the following documents as identity proof:
  • Aadhaar Card
  • Passport
  • Voter's ID
  • PAN Card
  • Driving License
  • A copy of any of the following documents as address proof:
  • Aadhaar Card
  • Passport
  • Voter's ID Card
  • Driving License
  • Bank statement of the previous 6 months
  • Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Our Happy "Business Loan" Customer

We Love to Hear from Our Customers


Anuj M.

Business Owner

“After being rejected for a consolidation loan by my bank and mortgage provider, I stumbled across www.salariedloans.com via a Google search. I would like to personally thank Mr.Praveen and Salariedloans Team for their first class service and much needed help and advice.”

Prakash Joshi

Business Owner

“Thanks for your quick support. Due to my travel plan and urgent need, they arranged the loan within record time. Didn't believe that third party can influence the banks to bring such a quick turnaround.”

Priya

School Director

“Salariedloans has helped us a lot in getting a loan for our School.”

Syed R.

Director - Open Help Desk Services

“Salariedloans team have been great and I am really impressed with the support you give and all the effort.”


Simple Loan Process

Turning Money Problem Into Solutions
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Choose Loan Amount

Choose your loan amount and terms to use loan

doc icon

Provide Document

Need to provide some basic document to verification

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Approved Loan

Our loan specialist ask fews question and verify docuements.

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Get your Money

Once loan aprroved you get loan amount credit.