Business Loan

Banking and NBFC finance still remain the mainstay of India’s small and medium enterprises. Business loan help your small business grow, allowing you to invest in infrastructure, operations, and plant and machinery. Moreover, business loans can also be a veritable medium of maintaining Business for critical business operations. Customized business loans are a new category of business loans which are tailored to meet the specific needs of a new age business or startup. These loans offer your enterprise the opportunity to scale and give it the competitive edge necessary for success in today’s world.

Business loans are majorly classified into two types, such as secured loans and unsecured loans. Secured loans are types of loans that require collateral/security, that a borrower needs to deposit with the lender to avail a business loan. However, in the case of unsecured loans, there is no need to submit any collateral/security with the bank, NBFC, or any other lender.Banks/NBFCs offer both secured and unsecured business loans, including Term Loan (Short-term/Long-term), Working Capital Loans, Cash Credit, Overdraft, Letter of Credit, Bill/Invoice Discounting, Equipment Finance, Machinery Loans, POS loans, Loan under Bank Guarantee, Loan under Govt. schemes, etc.The minimum loan amount offered starts from as low as Rs. 30,000 that can be availed from Small Finance Banks (SFBs), Regional Rural Banks (RRBs), or Micro Finance Institutions (MFIs). Borrowers can avail collateral-free business loans for up to Rs. 1 crore from leading private and public sector banks. Small business loans are also available for MSMEs and Startups at competitive interest rates.