Business Loan at a glance
- Loan type
- Unsecured or secured, depending on amount and lender
- Tenure
- Usually 1 to 5 years; longer for secured loans
- Loan amount
- Based on turnover, profit and repayment capacity
- Interest rate
- Set by the lender from your business profile; ask for it in writing
- Documents
- KYC, business proof, bank statements, ITR and financials
- Best for
- Manufacturers, traders, service businesses and MSMEs
Indicative guide. The lender decides final amount, tenure, rate and eligibility.
What is a business loan?
A business loan gives your company money for day-to-day needs or growth: buying raw material and stock, paying suppliers, adding machinery or opening a new unit. Repayment is in monthly instalments, or through a limit you draw on, depending on the product.
Lenders look at your business vintage, turnover, profits, banking behaviour and the owners' credit history. Presenting these clearly improves your chances, and that is where we help.
Features and benefits
Working capital
Funds for stock, raw material, payroll and supplier payments.
Machinery and expansion
Term loans for equipment, new units and upgrades.
Secured and unsecured
Choose based on the amount and how much security you can offer.
Structured repayment
Plan EMIs around your business cash flow.
Overdraft or cash credit
Revolving limits are offered by some lenders; availability varies.
Scheme guidance
We check whether government-backed loan schemes offered by lenders suit your business.
Who can apply? Eligibility criteria
- Business running for a minimum period, often 2 years or more (varies by lender)
- Proprietorship, partnership, LLP or company
- Steady turnover and profit shown in bank statements and ITR
- GST or Udyam registration where applicable
- Good credit history of the owners and the business
- Applicant age usually 21 to 65 years
Newer businesses may still have options. Tell us your situation and we will check which lenders could consider you.
Documents required
Identity and business
- KYC of owners and partners (PAN, Aadhaar)
- Business address proof
- GST, Udyam or shop and establishment registration
- Partnership deed or incorporation documents, if applicable
Financial
- Last 2 years' ITR with computation
- Last 2 years' balance sheet and profit and loss account
- Last 6 to 12 months' current account statements
- GST returns, if applicable
- Statements of any existing loans
The lender may ask for more documents depending on your profile.
Business Loan EMI calculator
Try different amounts, rates and tenures to see what monthly instalment you can manage.
Estimate only, using the rate you select. Your actual rate, fees and EMI are set by the lender.
How to apply
- 1
Tell us your requirement
Call, WhatsApp or fill the enquiry form with the amount and purpose.
- 2
We compare lenders
We check partner banks and NBFCs that are likely to suit your profile.
- 3
Submit documents
We tell you exactly what is needed and help you prepare it.
- 4
Approval and disbursal
The lender verifies, sanctions and disburses. We stay in touch until it is done.
Interest rates and charges
We do not quote a single rate here because it depends on the lender and your profile. Ask for the rate and every fee in writing before you proceed.
| Interest rate | Depends on turnover, profit, vintage, credit history and whether the loan is secured. |
|---|---|
| Processing fee | Usually a percentage of the loan plus taxes. Ask for it upfront. |
| Prepayment or foreclosure | Terms differ by lender and by whether the rate is fixed or floating. |
| Late payment | Delays attract penalties and can affect both your business and personal credit scores. |
Smart tips before you borrow
- Match the loan type to the need: short-term needs suit working capital, long-term assets suit term loans
- Keep bank statements and GST returns consistent and up to date
- Do not borrow more than your cash flow can service
- Compare the total cost, including fees, not just the headline rate
- Keep personal and business finances separate; lenders notice
Frequently asked questions
Can I get a business loan without collateral?
Many lenders offer unsecured business loans up to a limit, based on your turnover and credit profile. Larger amounts often need security.
Is a business loan available for a small unit or shop?
Yes, many lenders serve small traders and MSMEs. What matters is steady income, proper records and a clean credit history.
What is the difference between working capital and a term loan?
Working capital funds day-to-day operations and is usually short-term. A term loan funds a one-time purchase, such as machinery, and is repaid over a fixed tenure.
Which documents matter most?
Bank statements, ITR, GST returns and business registration proof carry the most weight. Keep them complete and consistent.
How does Greaterbhiwadi.com help?
We shortlist suitable partner lenders, help you organise documents and follow up until the application is processed.