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Get ₹10 Lakh for Your Business
Access ₹10 Lakh business loans with fast approval and flexible repayment options.
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Loan Details
Business Loan
Flexible business loans to fuel your growth, manage cash flow, and expand operations with ease.
Instant Approval
No Hidden Charges
100% Digital Process
Representative Example:
Borrow ₹10,00,000 over 12 months at 25.8% APR. Total repayment: ₹11,45,194.15 with monthly EMIs of ₹95,432.85.
EMI Calculator
₹10,00,000
12
25.8%
Monthly EMI
₹95,432.85
Total Interest
₹1,45,194.15
Understanding Business Loans
Fueling your enterprise's growth and operations
A business loan is a targeted financial instrument designed to fund commercial operations. It can be used for working capital, purchasing new machinery, office expansion, or increasing inventory. These loans can be unsecured (based on business vintage) or secured (against business assets).
Unlike personal credit, business loans are structured to help a company’s cash flow management. Repayment is typically scheduled in monthly or quarterly installments, with tenures usually ranging from 1 to 7 years depending on the loan type and amount.
Commercial Eligibility Criteria:
- Business Vintage (Min. 2-3 years)
- Annual Turnover & Profitability
- Bank Statement (Last 6-12 months)
- GST Returns & Financial Audits
Note: Business loans often provide tax benefits on the interest paid.
Financial Guide
Business Loan Interest Rates
Unsecured business loan rates typically start from 14% p.a., while secured options can start as low as 9%. Rates depend heavily on business turnover and vintage.
How to Secure the Best Business Funding
Lenders look for business stability and cash flow. Improve your approval chances with these steps:
1
Maintain Healthy Cash Flow
Lenders analyze your bank statements. Avoid frequent overdrafts or cheque bounces in your primary business account.
2
Vintage Matters
Most lenders prefer businesses with at least 2-3 years of operations. Ensure your registration documents reflect this vintage.
3
GST Returns Consistency
Ensure your declared turnover in GST returns matches your bank credits. Discrepancies here are a major reason for rejection.
4
Check Collateral-Free Limits
For loans up to ₹2 Crores, check if you are eligible under the CGTMSE scheme which requires no collateral.
5
Purpose of Loan
Be clear whether you need a Term Loan (for expansion/machinery) or Working Capital (for inventory/operations).
Business Loan Eligibility Criteria
Business loan requirements Lenders assess the health of your business rather than just personal income:
Business Vintage: Minimum 2-3 years of business continuity.
Annual Turnover: Minimum turnover of Rs. 10 Lakhs to Rs. 40 Lakhs (varies by lender).
Profitability: Business should be profit-making for the last 2 years.
ITR Filing: ITR filed for the last 2 years is mandatory for most unsecured loans.
Age Criteria: Applicant should be between 21 and 65 years at loan maturity.
Bank Statements: Primary bank account should show healthy average balance and no bounces.
Business Loan Charges
Business loans generally have higher processing fees due to the complexity of assessment:
| Particulars | Charges |
|---|---|
| Processing Fees | 1.5% to 3.5% of loan amount |
| Foreclosure Charges | 4% to 6% of principal outstanding |
| Documentation Charges | ₹ 2,000 - ₹ 5,000 |
| Bounce Charges | ₹ 750 - ₹ 1,500 per instance |
| Renewal Fees | 0.5% to 1% (For Cash Credit/Overdraft limits) |
Other fees and charges levied by the lenders include documentation charges, verification charges, duplicate statement charges and NOC certificate charges.
Secured vs Unsecured Business Loan
Deciding whether to pledge assets or go collateral-free.
| Unsecured Business Loan | Secured Business Loan |
|---|---|
| No collateral required | Requires property/asset pledge |
| Higher interest rates (14%+) | Lower interest rates (9-12%) |
| Loan amount capped (up to 75L) | High loan amounts (up to 5Cr+) |
| Based on turnover & banking | Based on property value & income |
Accelerate Your Business with SIX Finance
Whether you are a startup or an established MSME, cash flow is king. We connect you with lenders who understand business models, not just credit scores. Our algorithm matches your GST and banking data to the right lender for maximum funding.
Business Loan Highlights
- Unsecured loans up to ₹75 Lakhs
- Collateral-free options for MSMEs
- Flexible repayment tenures from 12 to 60 months
- Overdraft limits to manage daily cash flow
- Minimal documentation based on GST returns
- Quick disbursement within 48 hours
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