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Grow Your Business & Reach new Heights!

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Get A Secured Business Loan In 5 Easy Steps

STEP
01

Understand your needs.

STEP
02

Check loan eligibility

STEP
03

Calculate monthly instalment

STEP
04

Submit the documents

STEP
05

Apply for a loan

STEP
04

Submit the documents

STEP
05

Apply for a loan

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Who Can Apply For Secured Business Loan?

You can apply for a Secured Business Loan if you fall under one of these categories.

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Proprietorship

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Partnership

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Public Limited Companies

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Private Limited Companies

Secured Business Loan Eligibility

Before applying for a Secured Business Loan, ensure you qualify by checking your eligibility here.

Eligibility Criteria

  • Nationality Indian citizen
  • Minimum age for applying 21 years
  • Maximum age at loan maturity 70 years
  • Credit History Good
  • Constitution Type Self-employed Individuals/Proprietorships/Partnerships/ 
    Private Limited Business should be operating for a minimum period of 3 years.

Documents Needed

  • Proof of identity and address Aadhaar Card and PAN
  • Proof of business Business should be at least 1 year old with valid business proof
  • Bank statement Current Account statement for 1 year
  • Other financial documents Audited financials and Income Tax Returns filed for the last 2 years

Business Loan Calculators

Get a clearer picture of your loan requirements before applying.

What is a Business Loan EMI Calculator?

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.

How does the calculator work?

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.

Business Loan Amount
Tenure (1 to 10 Years)
Rate of Interest (8 to 25%)
I can pay EMI of
Tenure (1 to 10 Years)
Rate of Interest (8 to 25%)

Interest

Payout

Your EMI Details

0

Total Interest

0

Total Payout

0

FAQs on Secured Business Loan

A secured business loan is a specialised financial product designed to meet the unique needs of small and medium-sized enterprises (SMEs). It involves the borrower providing collateral, such as assets or personal guarantees, to secure the loan. 

If you're self-employed, whether as a professional or non-professional, such as a trader, proprietorship, partnership, or public or private limited company, you can easily apply for a Secured Business Loan. 

A Secured Business Loan can support your business by covering working capital, investing in technology, improving infrastructure, setting up new units, or scaling up production for future demand

Cash deposits or withdrawals are not allowed directly from the loan account. All transactions must be conducted through cheques, ECS, NEFT, or RTGS.

Loan repayment can be conveniently managed with various repayment channels such as ECS and NACH or through a cheque favouring Aditya Birla Finance Limited.


If you’re unsure about whether you need a Secured Business Loan or not, make sure to check the following points:

  • Immediate need for credit: In case you currently require accessible and affordable credit within a short timeframe.
  • Project risks due to delayed payments: In case your business is experiencing challenges as larger corporations delay payments, posing a threat to the progress of your ongoing projects.
  • Limited access: In case your business is currently lacking access to organised financial resources, hindering financial stability and growth.
  • Looking for financial solutions: If you need both long-term strategic goals and short-term finance needs.

Access all your loan information and updates securely on ABFL Connect. Simply log in with your credentials by clicking here. The key features of ABFL Connect include effortless online disbursement requests, ECS mandate amendments, top-up loan requests, and applications for new loans.

Besides the interest rate, there are other charges associated with availing a business loan, like:

  • Processing fees

  • Cheque/ECS dishonour charges

  • Swap Charges for replacement of post-dated cheques to ECS

  • Swap charges for replacement of ECS to ECS

  • Loan cancellation charges

Yes! Opting for secured loans can be advantageous due to their typically lower interest rates and higher borrowing limits. This option is particularly favourable if you are confident about your ability to make timely payments.

Yes, the collateral has to be more or at least equal to the loan amount of the collateral business loan amount.