Business Loan

  • Option to avail the credit facility as loan or overdraft.
  • Loan can be repaid in a maximum period of 60 months.
    • Term loan : Maximum period 60 months
    • Overdraft : 12 Months subject to annual review



Fulfil Your Every Need

Avail of a loan up to Rs. 40 lakh (up to Rs. 50 lakhs in select locations) without any collateral, guarantor or security, to fulfil your every business need, from business expansion and working capital, to your child's education or a home renovation.

Transfer your existing Business Loan to any Bank for lower EMI's and enjoy our benefits

  • Interest rates as low as 8.60%* on the existing loan transfer
  • Processing fee as low as 0.99%*

It provides Overdraft facility without any security. Limit is set in seprate current account which drops monthly till end of the tenure. Pat the interest only on the amount utilized.

  • Dropline Overdraft Facility up to Rs. 25 Lac*
  • No Guarantor/Securty required
  • Tenure ranging from 12-36 months
  • Attractive Rate of interest


  • Simplified documentation
  • Speedy approvals
  • Loan available for various needs


The following people are eligible to apply for a Business Loan:

  • Self employed individuals, Proprietors, Private Ltd. Co. and Partnership firms involved in the business of manufacturing, trading or services.
  • The business should have a minimum turnover of Rs. 40 Lacs
  • Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.
  • Those whose business has been profit making for the previous 2 years.
  • The business should have a minimumal annual income (ITR) of Rs. 2.5 Lacs per annum
  • The applicant should be at least 21 years at the time of applying for the loan, and shall be no older than 65 years at the time of loan maturity.

Minimum Documents Required

The following documents are required along with your Business Loan application:

  • PAN Card - For company/firm/individual
  • A copy of any of the following documents as identity proof:
    • Aadhaar Card
    • Passport
    • Voter's ID Card
    • PAN card
    • Driving License
  • A copy of any of the following documents as identity proof:
    • Aadhaar Card
    • Passport
    • Voter's ID Card
    • Driving License
  • Bank statement of the previous 6 months
  • Latest ITR along with computation of income, Balance sheet and account for the previous 2 years, after being CA certified/Audited
  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)
  • Other mandatory documents [Sole Prop. Declaration or certified copy of partnership deed, Certified true copy of memorandum & articles of association (certified by director) & Bord resolution (Original)]