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A business loan helps you cover expenses related to the operation, management, and expansion of your business. This encompasses working capital for daily business requirements, acquiring equipment and real estate, and managing inventory. Business loans are versatile and applicable to startups as well.
Explore our simple and flexible Business Loans to take your business to the next level
A quick glance at how business loan plans differ from each other.
PLAN TYPE | UNSECURED BUSINESS LOAN | SECURED BUSINESS LOAN |
---|---|---|
Best for
|
Those who want an instant loan without the hassle of paperwork | Those seeking cost-effective credit with a quick turnaround. |
Loan Amount
|
Up to ₹15 lakhs | Up to ₹25 Cr. |
Tenure
|
12months to 36 months | Up to 12 years |
Additional Features
|
Everything will happen online, no need for branch visits. |
The average turnaround time is 7 days from the date of receipt of all required documents |
APPLY NOW | APPLY NOW |
Charge Type | Amount |
---|---|
Cheque Return charges | ₹1000 + GST per instance |
Default Penal charges | 3% of pending amount per month |
Charges for cancellation of Loan |
4% of loan amount disbursed + applicable taxes |
CIBIL report retrieval fees | ₹100 + GST per instance |
Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
Loan re – schedule charges | ₹7500 + GST per instance |
Stamp Duty | As per Actual if applicable |
Insurance Premium | As per Actual if applicable |
Pre – closure Quote | ₹2500 + GST per instance |
Any other charges | As per Actual if applicable |
Part - Pre Payment Charges |
4% + GST on Remaining Loan amount
Conditions A) No pre-payment is allowed in first 6 months from the date of disbursement B) Part - Payment amount should be equal to OR greater than total of 3 EMIs. C) In the first year of loan tenure, part-prepayment is allowed only once. |
Foreclosure Charges |
4% of the Principal outstanding amount + GST Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
Get a clearer picture of your loan requirements before applying.
A Business Loan EMI calculator computes your monthly loan repayment amount, helping you foresee and manage repayments conveniently. It also helps you make wise financial choices by ensuring you can afford the loan in the given loan period.
The calculator estimates monthly payments based on the loan amount, expected interest rate, and the tenure of your selection. All you need to do is provide the required data and the calculator will take care of the rest.
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