Apply for Business Loan Online
FinMarket offers convenient business loans for small business owners without requiring any collateral. If you're an entrepreneur seeking MSME loans to grow your venture. complete a quick eligibility check to determine your loan eligibility and one of our loan specialists will reach out to you and assist you with the entire process. The MSME loan procedure is swift, and easy, and requires minimal documentation at FinMarket.
Features and Benefits of Online Business Loan
- Interest rate starting from 10.25%* per annum
- Borrowing options start from INR 100,000 up to 50* Lakhs
- With minimal documentation, you can get the funds you require within a few days
- Choose your tenure from 24-60 months.
Note: * The annual interest rate and processing fee will vary depending on the customer's risk profile and the tenure chosen.
Business Loan Eligibility & Documents
FinMarket facilitates business loans designed for self-employed individuals, including proprietors, private limited companies, and partnership firms across various industries. Below are our eligibility criteria:
| Criteria | Requirements |
|---|---|
| Age (Primary applicant) | 23 years to 65 years |
| Nationality | Must be a citizen of India. |
| Business vintage | Min 3 years and above |
| Annual turnover | Should be making profiles for 2 years with a turnover of ₹10 lakhs |
| CIBIL score | >700* |
| Who is eligible to apply for a business loan? | >Self-employed, proprietorship, partnership, private limited or limited company. |
| Work experience | Business tenure of 3 years (continuous) & ITR of last 3 years. |
Note:The instant business loan eligibility criteria vary among bankers.
* Note: Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.