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Get Business Loan up to ₹99 Lacs Starting from 14.99%

Get Business Loan up to ₹99 Lacs

 

 

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Customers Served icon

10 Lacs+

Customers Served

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4.7/5

Google Reviews

Pincodes Serving icon

10,000+

Pincodes Serving

Loans Disbursed icon

2000 Cr+

Loans Disbursed

A business loan is a sum of money that you require for various purposes.

For example, you can pay off vendor bills, capital expansion invoices, labour hiring costs, or any other bills through this loan amount. Banks, NBFCs, and other online lenders offer you a specific period to pay off the loan as per your requirements.

Fresh Business Loan Features

fast-approval

Quick processing at lowest Interest Rate

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Compare & apply with 20+ banks & NBFCs

quick-disbursal

Repay the loan in 60 months

attractive-rates

No collateral or physical security required

long-flexibility

Apply for loans up to 99 Lacs

online-process

100% paperless, simple, and secure process

Who can Apply for Business Loan?

credit-score

A credit score above 700

age

Above 21 yrs and below 60 yrs

income

Minimum 2 years business existence

experience

One ownership is mandatory (residence or office)

Required Documents for Business Loan

Identity Proof

Identity Proof

Any of the following

  • CheckPassport
  • CheckVoter ID
  • CheckDriving License
  • CheckPAN Card (Mandatory)
  • CheckAadhaar Card (Mandatory)
Address Proof

Address Proof

Any of the following

  • CheckAadhaar Card
  • CheckPiped Gas Bill
  • CheckElectricity Bill
Other Documents

Other Documents

  • CheckCurrent A/C Bank Statement (Last 1 Year)
  • CheckIncome Tax Returns (Last 2 Years)
  • CheckProof of Office Address
  • CheckProof of Business Existence
  • CheckGST Registration Certificate
  • CheckProof of Residence or Office Ownership

Business Loan Example

For example, if Megha, owner of a Surat-based clothing brand, applies for a business loan of INR 30 Lacs. The loan is sanctioned to her at an interest rate of 15.99%. She has to repay this loan in 4 years.

The repayment amount till the end of the 4-year tenure would be INR 40,80,263 (i.e., 85,005 EMI/month for 48 months).

In such a case, the total interest amount will be INR 10,80,263, along with a principal repayment of INR 30,00,000.

Megha will also have to pay a one-time processing fee of ₹ 60,000 (2% of the amount). Secondly, she will also pay ₹500 as stamp duty charges. T&C applied.

Annual Percentage Rate (APR)Minimum 14.99 % to Maximum 24%
Repayment PeriodMinimum 1 year to Maximum 5 years
Processing Fees1% to 2%
Stamp Duty Charges₹ 500

Disclaimer : LoansJagat is a marketplace platform that connects users with its partnered banks and NBFCs. Loan approval and sanctioning decisions are made exclusively by the respective lender. A few of our Lending partners include Axis Finance, Tata Capital, Yes Bank, Bajaj Finserv, Poonawalla Fincorp, Aditya Birla Finance Limited, etc.

FAQs

All frequently asked questions related to Loan Consolidation

Office Location

Office Address

Registered :
5/2/8, First Floor, Geeta Colony, New Delhi - 110031

Corporate :
A12 and 13, First Floor, Office No 4, Sector 16, Noida, Uttar Pradesh - 201301

E-Mail :
support@loansjagat.com

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