Business Loan

Business Loan Service

Grow your business with a business loan of up to ₹2 Cr available on Money Marrket. Enjoy attractive interest rates starting as low as 12% p.a. and flexible repayment tenures of up to 96 months. Choose offers from 10+ leading lending partners and experience a seamless application process, quick approval through minimal paperwork on Money Marrket .

Features and Benefits

  • High Loan Amount: Borrow from ₹1200 to ₹2 Cr to manage all business expenses, small or big
  • Quick Disbursal: Get the loan amount in your bank account without delays
  • No Collateral Required: Get unsecured business loans without pledging any assets or security
  • Flexible Tenures: Repay your business loan over a convenient tenure of up to 96 months
  • No Hidden Charges: Enjoy complete transparency with all fees and charges shared upfront
  • Competitive Interest Rates: Repay at your own pace with competitive interest rates starting at just 12% p.a.
  • Simple Online Application: Apply anytime, from anywhere, through a fully online, hassle-free process

Eligibility Criteria & Documents Required

You can easily get a business loan on Money Marrket if you meet the lender’s business loan eligibility criteria. While the exact criteria may vary based on the lender you choose, here are the general requirements:

  • Nationality: You should be an Indian citizen
  • Business Experience: Your business should be operational for at least 6 months
  • CIBIL Score: A credit score of 650 or above is required
  • Work Status: You should be self-employed, professional or non-professional
  • Age: You must be above 21 years
  • Business Type: Your business should be registered as a partnership, limited liability partnership, or private limited company
  • Minimum Turnover: Your business's minimum turnover should be at least ₹2 Lakhs

5 Things to Know Before Taking a Business Loan

Before taking a business loan, understanding a few things is essential to make the right decision for your business. Here are some key points:

  • Understand Your Loan Eligibility Criteria: Check if you meet basic requirements like business vintage, income, and profitability before applying.
  • Prepare a Detailed Business Plan: Have a clear plan for using the loan amount, like buying stock, paying salaries, or expanding your business.
  • Gather Essential Documents: Have your financial statements, tax records, and business proofs to speed up the approval process.
  • Assess Financial Health: Review your credit profile and cash flow to ensure you can comfortably manage loan repayments.
  • Know the Repayment Terms: Choose a plan that fits your cash flow to keep repayments manageable.

Documents Required for Business Loan

Identity Proof: PAN card,Aadhaar card,Passport,Driving licence,Voter ID
Address Proof: Aadhaar card,Passport,Utility bills,Lease agreement
Income Proof: Bank statement for the last 6 months,Income Tax Return (ITR) in addition to certified copies with details, such as income computation, Profit and Loss (P&L) statement and balance sheet for the last 2 years
Business Proof: Sole Proprietorship Declaration or authenticated copy of Partnership Deed,Certified copy of Memorandum and Articles of Association

How to Apply for a Business Loan

Follow these quick and easy steps to apply for a business loan online:

  • Click on the ‘Check Eligibility' option on this page
  • Enter your basic personal and business details in the online application form
  • Enter the loan amount and preferred repayment tenure
  • Submit the form for verification

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FAQs

From loans to affordable interest rates, we have the answers for everything you need to know.

Business Loan is a type of loan offered to business owners who need funds for their company’s expenses. You can use it for paying salaries, renting or buying equipment and other expenses.

You can borrow a business loan when you have a clear plan to use and repay the funds, such as funding growth, buying equipment, or managing cash flow.

You can get a business loan with a minimum amount of ₹1,200 and a maximum limit of ₹80 Lakhs.

You can get a business loan with a maximum repayment tenure of 96 months with lenders available on Money Marrket .

The minimum turnover required to qualify for a business loan can vary based on the criteria set by different lenders. To apply on Money Marrket , your turnover should be at least ₹2 Lakhs.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions. Basis the information provided during your loan application journey, you may be provided with various offers from our existing loans partners.